US Rare Earths to Expand Drilling Program at Last Chance

PR Newswire reported that U.S. Rare Earths, Inc., (OTCBB:UREE), with mining claims in Idaho, Montana, and Colorado, announced today an extension of its 2013 drilling and exploration program on its Last Chance Mine property. UREE will also initiate a new drilling and exploration program on its North Fork property in an area previously unmapped and undrilled.

As quoted in the press release:

The Company has broadened its mining claims to more than 25,000 acres as a result of its very successful 2013 drilling and exploration program. Surface channel sample assays from the initial 2013 Phase I North Fork exploration efforts identified significant grade percentages of Critical Rare Earth Oxides (“CREO”) dysprosium, terbium, europium, neodymium and yttrium, and Total Rare Earth Oxides (“TREO”).

The Company intends to drill eight new holes during Phase II exploration. Four holes will be drilled at each location bringing the grand total to eighteen holes during this drilling cycle.

Click here for the full press release by U.S. Rare Earths, Inc., (OTCBB:UREE)