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Don't have an account? Click here to register.Rare Earth Minerals posts positive drilling results from Cinovec
Wed, 16th Nov 2016 14:12
(ShareCast News) - Rare Earth Minerals reported the analytical results for the confirmation drill holes CIW-13, CIW-14 and CIW-18 at the Cinovec Lithium-Tin-Tungsten Project on Wednesday.The AIM-traded company holds a 17.64% economic interest in the project, increasing to 20.84% following its annual general meeting, through its direct equity stake in European Metals Holdings.It said the analytical results confirmed or exceeded the expected lithium content and mineralisation widths.The best results are from CIW-14, with 82 m averaging 0.48% Li2O, and 175m averaging 0.40% Li2O.REM said the first interval includes high-grade intervals 4m at 1.07%Li2O and 4m at 1.58%Li2O.Drilling was continuing in the western part of the Cinovec deposit, targeting high grade zones near the rhyolite/granite contact, and in the central part, targeting near-surface mineralisation on the flanks of the historic underground mine.The results - and the previously announced drill holes - will now be used to enable an interim update of the resource model to be completed.That resource is anticipated to be released in the next two weeks."I am very pleased to receive these results as it will allow us to now undertake an interim update of the resource model for the pre-feasibility study," said CEO Keith Coughlan."The update is to be used in more detailed mine planning for the study as we expect a significant portion of the deposit to be upgraded to an Indicated Mineral Resource status."Coughlan said he looked forward to reporting that update in the next two weeks."In the meantime, drilling will continue to both expand the resource and increase its level of confidence to allow a further resource upgrade in the first half of 2017."
More News
13 Dec 2016 11:05
Rare Earth unearths battery-grade lithium carbonate in Czechia
(ShareCast News) - Battery grade lithium carbonate has been produced from Rare Earth Minerals' part-owned Cinovec lithium project in the Czech Republic. The explorer reported that more than 99.5% of pure lithium carbonate has been manufactured from mica-concentrate using a sodium sulphate roast-b
Read more8 Nov 2016 16:40
Rare Earth Minerals upbeat on latest Cinovec drilling results
(ShareCast News) - Rare Earth Minerals reported the analytical results for a further two drill holes CIW-07 and CIW-08 at the Cinovec Lithium-Tin-Tungsten Project on Tuesday. The AIM-traded firm currently holds a 17.64% economic interest in the project through its direct equity stake in European Met
Read more1 Nov 2016 12:59
Rare Earth Minerals granted further licenses at Czech mine
(ShareCast News) - AIM-listed miner Rare Earth Minerals has been granted further licenses for its Cinovec lithium tin project in the Czech Republic. Chief executive Kiran Morzaria said: "The granting of these licenses has secured 100% of the known mineralisation of the Cinovec ore body and adjacent
Read more21 Oct 2016 13:44
Rare Earth Minerals investment locates lithium
(ShareCast News) - Rare Earth Minerals reported on Friday that one of its investments, Macarthur Minerals, has located lithium in Nevada in the basin adjacent to Clayton Valley with surface grades up to 145.5 ppm lithium. The AIM-traded firm owns a 15.5% shareholding in Macarthur Minerals. TSX-list
Read more6 Oct 2016 14:54
Rare Earth Minerals shares fall on Cinovec drilling results
(ShareCast News) - Rare Earth Minerals reported on Thursday that European Metals Holdings, in which it owns a 20.92% shareholding, has announced analytical results for two confirmation drill holes CIW-19 and CIW-20 at the Cinovec Lithium-Tin-Tungsten Project. The AIM-traded firm said the two drill h
Read more20 Sep 2016 12:56
Rare Earth Minerals increases stake in Bacanora Minerals by £4.5m
(ShareCast News) - Rare Earth Minerals, an investment company which focuses on lithium and rare element deposits, increased its stake in Bacanora Minerals to 19.8% with an 'on market' deal worth £4.5m. The AIM listed company agreed to buy a further 4.5m shares in the Mexican lithium miner for £4.5m,
Read more