Rare Earth Metals Secures Highly Prospective New Rare Earth Prospect in Sudbury Area, Ontario

Rare Earth Metals Inc. (TSXV:RA,OTC:RAREF) announced that negotiations to acquire the Lavergne prospect have been completed.

The press release is quoted as saying:

The newly acquired property covers a historic showing previously drilled in 1969 by Geophysical Engineering and Surveys Ltd. of North Bay, Ontario. Partial drill results from the four-hole program included 0.98% Rare Earth Oxide (REO) over 112.7 meters which included a higher grade section of 1.22% REO over 63.3 meters (DDH-L-69-1).

Michael Stares, CEO and President, says:

“With little or no other sampling for the other (Heavy) rare earth elements, we look forward to getting our exploration program started.”

Click here to read the full news release.