Avalon Reports 40% Increase in Indicated Resources in the Nechalacho Rare Earth Elements Deposit, Thor Lake, NWT

Avalon Rare Metals Inc. (TSX:AVL) provided an update on the Inferred and Indicated Mineral Resources reflecting the results from the 2010 winter drilling program on its Nechalacho rare earth elements deposit, Thor Lake, Northwest Territories, Canada.

The press release is quoted as saying:

Avalon Rare Metals Inc. is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world.

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