Texas Rare Earth Initiates Drilling at Round Top Project

Texas Rare Earth Resources Corp. (OTC:TRER) reports it began exploratory drilling on its Round Top project.

The press release is quoted as saying,

Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth—beryllium-uranium project which also includes niobium, tantalum and gallium. Round Top is located in Hudspeth County, Texas, 85 miles east of El Paso. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths.

Texas Rare Earth’s President and CEO, Marc LeVier says,

Round Top’s unique concentration of heavy rare earth elements (HREE) to light rare earth elements (LREE), potential size and shallow structure, positions us to be a potentially leading global low-cost producer for rare earths as demand for the heavy metals continues to grow.

For the complete press release, click here.