Iron

Rare Earth Metals Inc (TSX VENTURE:RA) reported the resumption of drilling on the Clay-Howells project in northern Ontario.

Rare Earth Metals Inc (TSX VENTURE:RA) reported the resumption of drilling on the Clay-Howells project in northern Ontario.

The press release is quoted as saying:

The current drill program is focused on re-defining the historic Clay-Howells Magnetite Deposit and establishing the grade of Rare Earth Elements, Niobium and Iron in the deposit. The deposit was previously drilled in 1958 when an iron ore resource was outlined, however, no systematic work was done for Rare Earth Elements or Niobium. Sampling of historic drill core by the Company in July, 2009, had resulted in values up to 4.71% TREO (Total Rare Earth Oxides) over 4.6 m and 0.94% Nb2O5 over 12.2 meters (see previous press release by the Company dated January 6, 2010).

Click here to access the entire press release

Click here to access Rare Earth Metals Corporate Site

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