Follow-up Rare Earth Samples from Canada

RNS Number : 6487Q

Rare Earth Minerals PLC

24 October 2011

 



Rare Earth minerals plc

("Rare Earth Minerals" or "the Company")

Follow-up Rare Earth Samples from Canada

Rare Earth Minerals PLC (AIM: REM) is pleased to announce that it has received results from detailed follow-up sampling undertaken in August on one of the rare earth mineral showings located by its initial exploration program conducted in July on the Cup Lake Rare Earth Project located in Saskatchewan, Canada as announced on 15 August 2011.

Work conducted during July, 2011 was successful in locating two areas of rare earth mineralization on the claims at Cup Lake and at Schmitz Lake.

The Cup Lake occurrence consists of a varied succession of Aphebian age metasediments and intercalated metavolcanics. A grab sample from an old trench at this site analysed 7.5 weight% total rare earth elements ("TREE"), equivalent to 8.78% total rare earth oxides* ("TREO"), i.e. lanthanum 1.94%; cerium 3.56%; praseodymium 0.393%; neodymium 1.28%; samarium 0.173%; europium 0.005%; gadolinium 0.091%; terbium 0.009%; dysprosium 0.03% and erbium 0.017%.

The August follow-up work focused on the Cup Lake occurrence. A diamond saw was utilized to cut samples out of bedrock. The samples were taken over 0.5 metre intervals and the saw cuts were approximately 10 centimetres wide and 10 centimetres deep. A total of 20 samples were collected from the trench sampled in July and known as the "Rod" trench. In addition, another trench, known as the "George" trench and located 75 metres south of the Rod trench, was also systematically sampled by saw-cutting (14 samples).

Samples were taken to Saskatchewan Research Council's laboratory in Saskatoon for processing and analysis. Analysis was performed using ICP-MS technique with analyses reported in parts per million (ppm); these were then converted into weight present and these in turn converted rare earth oxide equivalent percentages.  Analytical results indicate that for the Rod trench total rare earth oxides range from 0.006 to 1.27%. Out of the 20 samples, 6 have significant concentrations of rare earths with TREO ranging from 0.12 to 1.27%, in particular 3 contiguous samples average 0.68% TREO. For the George trench, results range from 0.005 to 1.23% TREO's. Out of these 14 samples, 4 have significant TREO values that range from 0.15 to 1.23% TREO's; two contiguous samples average 0.98% TREO's.

Trench	No of Samples	Average TREO%
ROD	20	0.17
Including	3	0.67
including	1	1.27
GEORGE	14	0.18
Including	2	0.98
including	1	1.23
ROD & GEORGE	34	0.18

The sample results are consistent with previous results. Although the erratic high value of one of the grab samples was not duplicated by the more systematic saw-cut sampling, results do indicate a significant rare earth mineralized zone occurs at the Cup Lake showing.

*TREO or total rare earth oxides consist of: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Tm2O3, Yb2O3, Lu2O3 and HfO2 for the purposes of this release.

Full details of the individual samples are provided in the table below.

David Lenigas, Rare Earth Minerals Director and CEO states:

"These results are encouraging, especially considering it is a new exploration play.  The Company is very pleased with the results to date and is optimistic that continued exploration at Cup Lake will yield further positive results in this area."

Qualified Person's Statement:

Information in this announcement relates to information compiled by Carl G Verley, P.Geo, a consultant to the Company, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is a Qualified Person with respect to the information disclosed herein.

For further information please contact:     

Rare Earth Minerals Plc

David Lenigas, Director

[phone]

WH Ireland

James Joyce

[phone]

Sample No	Trench	TREO
		%
0430	Rod	0.009
0431	Rod	0.032
0432	Rod	0.067
0433	Rod	0.074
0434	Rod	0.012
0435	Rod	0.064
0436	Rod	0.006
0437	Rod	0.092
0438	Rod	0.392
0439	Rod	0.317
0440	Rod	0.102
0441	Rod	0.032
0442	Rod	0.041
0443	Rod	0.123
0444	Rod	0.008
0445	Rod	0.009
0446	Rod	1.268
0447	Rod	0.398
0448	Rod	0.338
0449	Rod	0.012
0450	George	0.005
0451	George	0.011
0452	George	0.014
0453	George	0.014
0454	George	0.153
0455	George	0.064
0456	George	0.027
0457	George	1.233
0458	George	0.722
0459	George	0.037
0460	George	0.216
0461	George	0.034
0462	George	0.023
0463	George	0.023

 

END

 

 

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