Rare Element Increases Measured and Indicated Resources in Bull Hill Area

Rare Element Resources Ltd. (TSX:RES,AMEX:REE) announced that a technical report has increased the resources at the Bull Hill area of its Wyoming-based Bear Lodge project.

As quoted in the press release:

The updated resource estimate of the Bull Hill deposit consists of 7.5 million tons (6.8M metric tonnes) grading 3.79% REO in Measured and Indicated categories, up from 6.8 million tons (6.2M metric tonnes) averaging 3.75% REO reported in a news release dated 4 January 2012, both using a 1.5% REO cutoff grade.

Click here for the Rare Element Resources Ltd. (TSX:RES) press release.