VANCOUVER, Feb 13, 2003 (Canada NewsWire via
COMTEX) --
(REM: TSX-VEN) Rare Earth Metals Corp. reports that drilling has
commenced at
the Company's Assean Lake gold project in north- central Manitoba. Up to
4,500
metres of diamond drilling is scheduled for this program to test new
targets
defined by an extensive geophysical and geochemical survey carried out
during
the summer of 2002. The survey has defined several targets on strike
with the
Hunt, B-52 and BIF gold zones. In addition, a number of the new targets
have
been defined on the north-shore of Assean Lake near the Lindal gold
vein, which
was discovered in the 1930's. In January, the Company completed a pulse
EM
survey to further refine these targets in advance of the drilling
program.
Assean Lake is an advanced exploration project, with over 2 million
dollars in
drilling and surveying activity to date. The primary exploration targets
at
Assean Lake are shear-hosted gold and gold-enriched sulphide iron
formation
deposits. These are the typical mineralization styles for gold deposits
on the
Canadian Shield. Since the projects inception in February 2001, the
Company has
discovered three new 'blind'gold zones. The Hunt, BIF and B-52 zones
bring the
total number of gold zones on the property to seven. This gold
mineralization
has been discovered locally, over a 12 km strike length along Assean
Lake Shear
Zone. The ALSZ is a recently recognized 200km long deformation zone
which is
similar to shear zones associated with important gold mining camps
elsewhere on
the Canadian Shield.
The Hunt zone has been tested by a total of 26 diamond drill holes to a
depth of
300 meters. It has been traced for 600 meters on strike and includes a
100-meter
long high-grade shoot with intervals up to 9.37 g/t over 8.15 meters.
The BIF
occurs about 1 kilometer east of the Hunt zone and has only been tested
by 2
diamond drill holes, with the best intersection being 4.26 g/t over 1.75
meters.
The B-52 zone occurs another 2 kilometers on strike east of the B-52
zone and
has been tested by 6 holes to a depth of 100 meters, with the best
intersection
being 10.2 g/t over 4.0 meters.
Secondary exploration targets at Assean Lake are nickel deposits of the
Thompson-type that are also associated with sulphide iron formations.
The Assean Lake project is a joint venture between International Curator
Resources Ltd. (60%) and Rare Earth Metals Corp. (40%). Curator is the
operator.
Rare Earth is a Vancouver-based gold exploration company. For more
information
about Assean Lake or the Company's other projects please contact us toll
free at
1 866 816 0118 or locally at: (604) 628 5000.
On behalf of the Board of Directors John Roozendaal B.Sc. (Geol)
President,
Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for
the adequacy of the news release
The TSX Venture Exchange has not reviewed and does not accept
responsibility for
the adequacy or accuracy of the contents herein.
For more information about Rare Earth Metals Corp.
please review the company’s website
www.RareEarthMetals.net
or speak with a Company representative toll free 866 816 0118 or by
emailing
info@rareearthmetals.net
The TSX Venture Exchange has not reviewed this press release and does
not
accept
responsibility for the adequacy or accuracy
of this
release.
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