February 17, 2004 (REM - TSX.V) . Rare Earth
Metals Corp. (the "Company") is
pleased to announce that drilling has commenced at the Company's Assean
Lake
gold project in north-central Manitoba. Up to 4,000 metres of diamond
drilling
is scheduled for this program to test the depth extent of the high-grade
Hunt
Zone on the Hunt Peninsula as well as the Blowfish target area on the
north
shore of Assean Lake.
The Hunt Zone has been drilled to a depth of 300 metres in previous
programs and
traced for 600 metres along strike, including a 100-metre long
high-grade shoot
with intervals up to 9.37 g/t gold over 8.15 metres.
Blowfish is a new discovery from the 2003 winter program. The discovery
hole
HT-128 intersected 6.2 metres grading 5.69 g/t gold, including 0.87
metres
grading 21.01 g/t gold.
The Assean Lake project is an advanced exploration play with over $2
million
dollars in drilling and surveying activity to date. The prime
exploration target
at Assean Lake is shear-hosted gold associated with gold-enriched
sulphide iron
formation, typical mineralization styles for gold deposits on the
Canadian
Shield.
Six gold zones have been identified to date (both from historic and
current
exploration programs) on the Company's property over a 12-kilometre
strike
length. The gold zones occur along the Assean Lake Shear Zone, a 200
kilometre
long deformation zone similar to major shear zones associated with
important
gold mining camps elsewhere on the Canadian Shield.
The Assean Lake Project is a 60/40 joint venture between Canadian Gold
Hunter
and Rare Earth Metals Corp.
Drill results and technical data have been review by Jan Christoffersen,
P.Eng.,
a Qualified Person
pursuant to NI-43-101.
On behalf of the board,
John Roozendaal
President C.E.O. & Director
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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