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Rare Earth Metals Gives Progress Report and Ongoing Exploration Plans for its Rare Earth Properties
Jan. 7, 2011 (Filing Services Canada) -- Rare Earth Metals Gives Progress Report and Ongoing E...
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"\nRare Earth Metals Gives Progress Report and Ongoing Exploration Plans for its Rare Earth Properties\n\n\n Jan. 7, 2011 (Filing Services Canada) -- Rare Earth Metals Gives Progress Report and Ongoing Exploration Plans for its Rare Earth Properties Highlights include: - Summary of results from drilling on the Red Wine property in Labrador - Plans for a winter drill program on its Clay-Howells Prospect property, ON - Update on the trenching program on the Northcott Option, NL - Acquisition of new Coldwell REE property on the Coldwell Alkaline Complex, ON Thunder Bay, Ontario CANADA, January 07, 2011 /FSC/ - Rare Earth Metals Inc. (RA - TSX Venture), (\"Rare Earth Metals\", \"RA\" or the \"Company\")is pleased to give an update on its projects and initiatives planned for the next few months.At the Red Wine Project in west central Labrador, all drill holes and trench results have now been received from the 2010 exploration program. The drill data and results are tabulated on the Company's web page. Additionally, a number of samples of drill core from the two main zones at Two Tom and Mann #1 have been sent out for mineralogy studies and these results are expected during the first quarter of 2011. Additional metallurgical tests will follow pending the mineralogical results. A summary of the most impressive prospects follows: Two Tom  This prospect was drill tested and trenched over a strike length of 1100 meters. A total of 11 holes were completed and the main section of mineralization has been defined as a lens averaging 75 meters in thickness and completely open in all directions. The exploration program has also given good indications of parallel zones. The best result from the drilling at Two Tom was in hole TT-10 which assayed 1.45% TREO, 0.14% Nb2O5 and 0.14% BeO over 83.25 meters within a larger zone of mineralization which assayed 1.03% TREO, 0.10% Nb2O5 and 0.11% BeO over 168.5 meters. Mann #1  This prospect is located 18 kilometers west of the Two Tom. It was drill tested over a strike length of 600 meters and trenching has expanded the zone to over 1000 meters. All six holes hit the REE/Niobium/Beryllium Zone with a best result of 1.71% TREO, 0.24% Nb2O5, and 0.20% BeO over 27 meters within a wider zone of 1.04% TREO over 70.5 meters. The zone is open in all directions and additional drilling is antici...