Deposits Contain High Grades of TREO

Rare Element Resources announced assay results from the final core holes of the 2012 drilling program at its Bear Lodge property, located in Northeastern Wyoming. Results confirm that the deposits contain high grades of total rare earth oxide (TREO), including high abundances of combined critical rare earth oxides, according to a press release.

In 2011, the company identified significant heavy rare earth elements (HREEs), including europium, terbium, dysprosium and yttrium, in the Whitetail Ridge area. The current set of assay results from that area and from the Carbon target confirm those observations. Examination of aggregate significant intercepts from past drill results as well as the current set of drill results indicate that there is a “district-wide zonation in which the strongest TREO enrichment occurs within a central zone focused on the Bull Hill and Bull Hill Northwest deposits.”


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