THUNDER BAY, ONTARIO--(Marketwire -06/07/12)- Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (RA.V)(RAREF)(RAREF) is pleased to announce it has initiated line-cutting and a ground electromagnetic survey on the Manitouwadge Graphite Property. The property consists of 128 staked claim units totaling 2072 hectares and is located approximately 30 kilometers north of the town of Manitouwadge in northwestern Ontario.
The purpose of the ground survey is to determine the overall strike length and continuity of the graphite zones outlined previously by an airborne electromagnetic (AEM) survey flown by Dighem Surveys for Noranda Exploration Services in 1989. The (AEM) anomalies associated with the graphite horizons are coincident with an intense magnetic low and have a strike length exceeding 4 km. At present there are three graphite horizons identified through both the historic work and the new trenching recently completed by the Company. The zones range from 4 to 12 meters thick with grades from chip samples ranging from 2.04% to 4.18% carbon. Screen tests completed on the higher grade composite sample confirmed the presence of flake graphite, recognized in both the plus 65 mesh (0.212mm) and plus 35 mesh (0.425mm) fractions (see previous press release May 30, 2012).
Results from additional metallurgical work are pending. This work includes gravity separation and froth flotation tests to get an early understanding of how well the flake graphite can be concentrated. These results will be released once they are received.
Paul Nielsen, P Geo., 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."
- Rare Earth Metals
Rare Earth Metals Inc.
President and CEO
(807) 623-9526 (FAX)
Rare Earth Metals Inc.
Matt Witiluk, C.A.
(807) 623-9526 (FAX)
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