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28 Postings, 4092 Tage ZeisigBohrergebnisse

 
  
    
16.11.11 19:47

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Rare Earth Metals Completes In-Fill Drilling on Its Two Tom Deposit in the Red Wine Belt, Labrador

November 16, 2011 8:30 AM ET

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Rare  Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX  VENTURE:RA)(PINK SHEETS: RAREF)(OTCQX: RAREF) is pleased to report  results from the final ten drill holes completed on the Two Tom  Mineralized Zone at the Red Wine property, located approximately 110  kilometers northeast of Churchill Falls in west central Labrador. A  total of 23 holes have now been drilled on the Two Tom  REE/Beryllium/Niobium Zone. This total includes ten holes completed in  2010 and thirteen holes completed between June and September, 2011. All  holes intersected the tabular zone. Of particular note is hole TT-15b  which intersected 1.68% TREO, 0.21% Nb2O5 and 0.19% BeO over 175.5  meters including a higher grade intersection of 2.15% TREO, 0.27% Nb2O5  and 0.24% BeO over 120.0 meters. Additionally hole TT-24, near the  southeast end of the zone intersected 1.26% TREO, 0.38% Nb2O5 and 0.24%  BeO over 117.5 meters including a higher grade intersection of 1.89%  TREO, 0.61% Nb2O5 and 0.38% BeO over 64.7 meters. The HREO/TREO ratios  from these intersections range from 5.2% to 7.1%. The new results  compare favourably with previous drilling which included 1.86% TREO over  121.5 meters within a larger zone of mineralization which assayed 1.46%  TREO over 195.15 meters in drill hole DDH-TT-13 (see RA press release  dated Sept 8, 2011). RA is earning a 100% interest in the Two Tom  property which is subject to two option agreements. The northwest half  of the zone is optioned from Zimtu Capital Corp. and the southeast half  is optioned from Roland and Eddie Quinlan.

Drilling has now  defined the Two Tom mineralization as a minimum 1.1 km long arcuate  shaped zone striking northwest and steeply dipping to the northeast.  Widths vary from 84 meters to greater than 200 meters and the  mineralization is completely open. Emphasis to date has been on the TREO  grades which contain 14% to 19% Neodymium. These latest results also  show quite high Niobium and Beryllium values which may add significant  value to the deposit. A total of 23 holes have now been completed on  sections 100 meters apart with a nominal 50 to 100 m vertical separation  between holes on the same section. Wardrop, a Tetratech Company, has  helped guide the drill program and is scheduled to complete a 43-101  compliant resource calculation before the end of the year. A map of the  Two Tom drill-hole locations can be found on the Company's website at www.RareEarthMetals.ca.

A  table outlining the complete results of all the 2011 drill holes (TT-12  to TT-24) is presented below. The TREO results from holes TT-12 to  TT-16 were released in a previous press release however the Niobium and  Beryllium values were pending at the time.

--------------------------------------------------               Hole                                HREO(i)                                 Depth   From     To Interval TREO(i) TREO(i)   Y2O3 Nb2O5   BeO Drill Hole     (m)    (m)    (m)      (m)     (%)     (%)    (%)   (%)   (%) -------------------------------------------------- TT-12          261   41.2  189.5    148.3    1.52     5.3   0.04  0.17  0.18 --------------------------------------------------                       Inc                                                                         41.2  137.4     96.2    2.05     4.6  0.045  0.22  0.23 --------------------------------------------------  -------------------------------------------------- TT-13          258   23.4  218.5    195.1    1.46     5.6   0.04  0.19  0.18 --------------------------------------------------                       Inc                                                                         49.8  171.3    121.5    1.86     5.4   0.05  0.22  0.22 --------------------------------------------------                       and                                                                        194.1  218.5     24.4    1.84     5.4   0.05  0.17  0.24 --------------------------------------------------  -------------------------------------------------- TT-14          349    123    212       89    1.82     6.0  0.055  0.26  0.27 --------------------------------------------------                       and                                                                        225.5  282.5       57    0.78     7.4  0.029  0.07  0.11 --------------------------------------------------  -------------------------------------------------- TT-15b         447  106.5    282    175.5    1.68     5.3  0.047  0.21  0.19 --------------------------------------------------                       Inc                                                                        106.5  226.5      120    2.15     5.2  0.058  0.27  0.24 --------------------------------------------------  -------------------------------------------------- TT-16          381     21    237      216    0.87     7.0  0.032  0.20  0.14 --------------------------------------------------                       Inc                                                                           21  115.5     94.5    1.14     6.6  0.039  0.39  0.21 --------------------------------------------------                       Inc                                                                         49.5   97.5       48    1.66     6.4  0.056  0.24  0.21 --------------------------------------------------  -------------------------------------------------- TT-17b         276  150.2  233.9     83.7    0.91     7.2  0.029  0.17  0.20 --------------------------------------------------                       Inc                                                                        151.7  185.9     34.2    1.03     7.3  0.034  1.06  0.24 --------------------------------------------------                       And                                                                        203.9  221.9       18    1.06     6.3   0.03  0.27  0.19 --------------------------------------------------  -------------------------------------------------- TT-18          291   25.8  281.6    255.8    1.00     6.4  0.032  0.27  0.18 --------------------------------------------------                       Inc                                                                         90.4  183.9     93.5    1.42     5.9   0.04  0.41  0.28 --------------------------------------------------                       inc                                                                        109.9  183.9       74    1.55     5.6  0.041  0.32  0.27 --------------------------------------------------                       And                                                                        209.9  281.6     71.7    1.30     6.3  0.043  0.11  0.15 --------------------------------------------------                       inc                                                                        227.9  281.6     53.7    1.56     6.2  0.051  0.14  0.18 --------------------------------------------------  -------------------------------------------------- TT-19          127      6  121.5    115.5    0.78     6.2  0.023  0.16  0.12 --------------------------------------------------                       Inc                                                                            6   30.3     24.3    2.13     3.8  0.037  0.23  0.23 --------------------------------------------------  -------------------------------------------------- TT-20          297   16.6    297    280.5    0.82     6.9  0.028  0.33  0.11 --------------------------------------------------                       Inc                                                                         25.3   45.3       20    1.42     6.8  0.043  1.23  0.31 --------------------------------------------------                       And                                                                          202    297       95    1.46     5.6  0.042  0.19  0.16 --------------------------------------------------  -------------------------------------------------- TT-21          204      9  153.7    144.7    0.84     6.4  0.027  0.23  0.16 --------------------------------------------------                       Inc                                                                            9   48.9     39.9    1.80     5.0  0.045  0.30  0.31 --------------------------------------------------                       And                                                                        104.4  125.4       21    0.87     6.6  0.028  0.40  0.34 --------------------------------------------------  -------------------------------------------------- TT-22        310.5     12  218.2    206.2    0.84     6.6  0.027  0.19  0.13 --------------------------------------------------                       Inc                                                                           12   66.7     54.7    1.67     5.6  0.045  0.32  0.30 --------------------------------------------------                       And                                                                        102.7  146.2     43.5    0.90     6.7  0.028  0.18  0.13 --------------------------------------------------  -------------------------------------------------- TT-23          174     29    153      124    1.03     8.0  0.043  0.37  0.21 --------------------------------------------------                       Inc                                                                           29   90.7     61.7    1.49     6.7  0.049  0.57  0.33 --------------------------------------------------  -------------------------------------------------- TT-24          216   26.8  144.3    117.5    1.26     7.1  0.043  0.38  0.24 --------------------------------------------------                       Inc                                                                         26.8   91.5     64.7    1.89     6.5  0.057  0.61  0.38 --------------------------------------------------  und die Aktie verliert bis 19:44 bereits 12.9 %  Bewertung der Bohrergebnisse?

 

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