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Element: Rare Element Resources
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The Rare Element Resources' Bear Lodge property ... has gold-exploration potential. Previous gold exploration has identified numerous gold geochemical anomalies and gold occurrences in intrusive breccia bodies. The surface geology exposes the upper levels of a mineralized alkaline intrusive complex, which is geologically similar to the igneous intrusive complex that hosts the Cripple Creek, Colorado, gold deposits.
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VANCOUVER, Oct. 15 /PRNewswire-FirstCall/ - Rare Element Resources Ltd TSXV:RES announces that the 2007 rare-earth exploration program is continuing. In June, the Company completed the first drill hole (RES 07-1), which targeted the main zone of rare-earth mineralization at Bear Lodge, Wyoming. The drill core from RES 07-1 was quartered and with one half sent for testing programs at a metallurgical research facility in Tucson, Arizona. Sections of all mineralized core were sent for assay and a split of the entire core was retained for reference.
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VANCOUVER, Nov. 6 /PRNewswire-FirstCall/ - Rare Element Resources Ltd TSXV:RES announces that it has now completed the non-brokered private placement for $1,075,000. The offering consists of 1,075,000 units at $1.00 per unit. Each unit comprises one common share and one-half of a non-transferable share-purchase warrant. A whole warrant may be exercised to purchase one additional common share of the Company at $1.35 per share, for a period of eighteen months from the private-placement closing date.
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VANCOUVER, June 18 /PRNewswire-FirstCall/ - Rare Element Resources Ltd (TSX-V: RES) announces that the Sundance gold-exploration project 2007 drill program is underway at the Company's Wyoming property. The Sundance project is a joint venture between Paso Rico (USA) Inc., a wholly owned subsidiary of Rare Element Resources and Newmont North America Exploration Limited a subsidiary of Newmont Mining Corporation (Newmont). The 2007 drill program consists of a series of core and reverse-circulation drill holes with supporting detailed geological, geochemical and geophysical studies. It ... includes an environmental assessment to permit a potentially larger drill program for 2008.
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VANCOUVER, Dec. 18 /PRNewswire-FirstCall/ - Rare Element Resources Ltd. (TSX-V:RES) is pleased to announce initial rare-earth-element (REE) assay results from the 2007 core drilling program completed on the Company's 100% owned Bear Lodge property in northeastern Wyoming. The highlight of these results is an aggregate true thickness of 111.9 feet over four separate mineralized intervals averaging 4.69% REE in drill-hole RES 07-1, as detailed below.
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Rare Element Resources' Bear Lodge, Wyoming property ... encompasses the largest disseminated rare-earth occurrence in North America (MH Staatz, 1983, US Geological Survey Professional Paper 1049-D). In parallel with the Sundance gold-focused exploration project, Rare Element Resources is independently advancing the rare-earth potential of its property with the completion of 2007 drilling, and the initiation of a metallurgical testing program (see news releases of February 15, 2007 and December 17, 2007).
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