Rare Earth Metals Provides Update on Ontario Property
Rare Earth Metals Inc. (RA.V) announced the first NI 43-101 compliant independent resource estimate for the company's 100% owned Clay-Howells iron - rare earth element property in northwestern Ontario. Highlights included: 8.5 million tonnes grading at 0.73% total rare earth oxide (TREO), 0.13% Niobium Oxide (Nb205) and 44.17% iron oxide (Fe2O3) at a 0.6% TREO cut-off grade in the inferred category; 40.4 million tonnes grading at 0.48% TREO and 34.62% Fe2O3 within a larger 0.2% TREO gradeshell; calculation is based on over 5436 m of drilling in 18 holes and 1825 assay samples covering 700 meters of strike length to an average depth 280 meters; resource areas open along multiple directions and to depth; additional sampling, drilling, and specific gravity readings recommended for next phase of drilling.
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