Revised Cut-Off Grade Results in Significant Expansion of Avalon’s Nechalacho REE Deposit Resource Estimate

Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF)(PINK SHEETS:AVARF) announced the results of a revised 43-101-compliant resource estimate for the Nechalacho Rare Earth Element deposit, Thor Lake, Northwest Territories, Canada.

The press release is quoted as saying:

The revised resource estimate was prepared by independent consultant Scott Wilson Roscoe Postle Associates Inc. (“Scott Wilson RPA”), as part of the Prefeasibility Study (“PFS”), that it is preparing for the Company. The PFS is nearing completion and the results of the economic analysis will be disclosed within the next two weeks.

Click here to access the entire press release