RARE EARTH METALS ACQUIRES MANITOUWADGE GRAPHITE PROPERTY
Thunder Bay, ON – Rare Earth Metals Inc (“Rare Earth Metals”, “RA” or the “Company”) (TSX-V: RA; OTCQX: RAREF, PINK SHEETS: RAREF) is pleased to announce the recent acquisition, through staking, of 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 property encompasses the Thomas Lake Road Graphite Occurrence as well as several airborne electromagnetic conductors thought to be associated with the Graphite.
The Thomas Lake Road Occurrence is described as a flake graphite showing, locally up to 20%, hosted within a four meter wide structural zone within strongly metamorphosed sediments (ref. OGS Open File Report 5889). The staked claims also encompass a number of airborne electromagnetic (AEM) anomalies which were identified from a 1989 geophysical survey completed by Dighem Surveys for Noranda Exploration Services. The graphite showing is coincident with one of these AEM anomalies, however, the source of the “conductors” remains to be ascertained.
In summary, the Manitouwadge Graphite Property has a number of positive elements including a known, but little worked, flake graphite showing, the occurrence of numerous AEM “conductors”, one of which is proximal to the flake graphite showing, and a geological environment consisting of recrystallized metasediments which is a common host to most flake graphite deposits. An initial grassroots program of trenching/sampling/geophysics on the Thomas Lake Road Occurrence and prospecting of the AEM “conductors” will be scheduled for after breakup. Rare Earth Metals is seeking a partner to help fund the exploration program.
Monday May 9th, 2011
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