Quantum Rare Earth Developments Intercepts 54.13 M of 1.17% Nb2O5 in Nebraska Drilling

Quantum Rare Earth Developments Corp. (TSXV:QRE) reports results for the first of five drill holes from the spring/summer 2011 exploration program at the Elk Creek Niobium – REE project, Nebraska, USA.

The press release is quoted as saying:

Highlights from the current exploration include:

• NEC11-01:235.22 m of 0.73% Nb₂O₅and 0.43% TREO*,
• including 54.13 m of 1.17% Nb₂O₅ and 0.46% TREO; and
• the identification of a significant zone of Middle and Heavy Rare Earth (MHREO) mineralization of between 25%° to 35% MHREO*, with notable enrichment in Europium, Gadolinium, Terbium and Dysprosium, associated with the Elk Creek Niobium Deposit.

Drill hole NEC11-001 is one of five holes recently completed at the Elk Creek Project. Three holes were completed at the Elk Creek Niobium Deposit, one hole to the south of EC-93 (155.5 m of 2.7% TREO, see news release dated March 7, 2011), and one hole to test a unique aeromagnetic anomaly. For the remaining drill holes, results will be released upon their receipt. The company anticipates the resumption of drilling during early September.

Click here to access the entire news release. 

Click here to access Quantum Rare Earth Developments’ company profile.(TSXV:QRE)