THUNDER BAY, ONTARIO--(Marketwire - July 18, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(OTCQX:RAREF)(PINK SHEETS:RAREF) is pleased to report that a preliminary mineralogy report has been received from Anthony (Tony) Mariano, Ph.D, and Anthony Mariano Jr. describing the Rare Earth Element (REE) mineralogy in recently drilled core from the Lavergne-Springer Project. The Lavergne property is located just north of the Trans-Canada Highway, in Springer Township, immediately north of the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario. A drill program to test the East and West Lavergne REE Mineralized Zones has been underway since the end of June (see previous press releases dated June 28 and July 6, 2011).
Dr. Mariano reports that drill core samples from SL-11-03 (8.0 m depth) were examined briefly for mineralogy and mode of occurrence and concludes that the sample consist of dispersed clusters of fine-grained synchysite. He states that the work conducted so far is preliminary and also reports that this section of core was visually similar to much of the core from the initial two holes that were examined during his field visit on July 12, 2011.
Said Dr. Mariano: "This is a very exciting project. This potential resource must have been overlooked until now because of its minimal radioactive signature, lack of outcrop and lack of serious historical work. Of course it remains to be seen if tonnage and grade are sufficient, but if they are, this is a deposit that has a lot going for it including: very promising mineralogy, incredible logistics and, I expect, potential for cost effective metallurgy. The mineralization is located in the heart of nickel mining country, proximal to major highways, railways and hydro electrical power. Plus it is in a part of the world with a skilled labor force, existing mining infrastructure and within 200 miles from Toronto."
Dr. Mariano is a geological consultant specializing in rare earths and other rare metals, a seasoned mineralogist and petrographer, and is a recognized authority on REE mineralogy and deposits at a world level. Tony integrates his strong knowledge of geology and extractive metallurgy to predict success or failure of proposed rare earth ventures.
DDH SL-11-03 is the third hole of a planned seven hole program and is collared about 180 meters north of the initial two holes (SL-11-01 and SL-11-02). The holes are testing the West Lavergne REE Mineralized Zone near the site of previous drill holes completed by Geophysical Engineering and Surveys Ltd. of North Bay, Ontario in 1969. See previous press release dated June 28, 2011 for results reported from Geophysical Engineering hole 69- 4. Results of drill core samples from the current holes will be released as they become available. A location map of the drill holes can be viewed on the Company's website at www.rareearthmetals.ca.
Wayne Reid, PGeo, is a qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical information forming the basis for release.
About Rare Earth Metals Inc.
Rare Earth Metals is a well funded company with a focus on exploring for Rare Earth Element deposits. The Company's shares are listed on the TSX-V exchange under the symbol RA and the OTCQX exchange under the symbol RAREF. The Company presently has two advanced projects in Ontario and Newfoundland and Labrador, both exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore) and proximity to available infrastructure. Its flagship properties are the Clay-Howells Prospect and the Red Wine Project. The Company has recently acquired additional properties in the Coldwell Complex near Marathon, Ontario and the Lavergne-Springer REE Prospect near Sturgeon Falls, Ontario. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under the Company's profile at www.sedar.com. For more information please visit the Rare Earth Metals web site at www.rareearthmetals.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS INC.:
Michael Stares, President and CEO
This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.