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Follow-up Rare Earth Samples from Canada

24 Oct 2011 07:00

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

+44 (0) 207 440 0640

 

WH Ireland

James Joyce

+44 (0) 207 220 1666

 

 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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