PROGRAM EXPANDS HIGH GRADE HUNT ZONE AND
DISCOVERS NEW GOLD ZONE "HUNT B"
April 21, 2004 (REM – TSX.VENTURE) Rare Earth Metals Corp. (the
“Company”) has
received the final results from the 4,237 meter winter drilling program
at
Assean Lake in north-central Manitoba. Joint Venture partner and project
operator Canadian Gold Hunter (CGH-TSX) reports that the 2004 winter
drill
program has not only resulted in the expansion of the known high grade
Hunt
Zone, but has also resulted in the discovery of a new gold zone in the
footwall
of the Hunt Zone (referred to as Hunt B).
The main Hunt Zone demonstrates good continuity and predictability.
Early in the
program the geometry of a deep fault structure was resolved, providing a
much
greater understanding of the plunge and dip of the Zone. The Zone
plunges to the
west, is flattening and is open both to the west and at depth (see
accompanying
long section www.remcorp.info/gold-project-assean1.html )
The two Hunt holes reported herein, HT-158 and HT-161, intersected the
Hunt B
Zone, which is associated with abundant crystalline arsenopyrite,
similar to
nearby holes higher in the section in the western part of the main Hunt
Zone.
Assays are listed in table form below for these last two drill holes in
the Hunt
Zone and plotted on the accompanying long section. Two reconnaissance
holes from
the North Shore of Assean Lake are also listed.
Hole No. Collar Azimuth/Angle Interval (m) Length (m)* Gold (g/t) Zone
HT-04-158 1550E/00N 333°/-60° 169.30-182.50 13.20 0.43 Hunt
including 172.28-174.00 1.72 1.40 “
including 180.00-182.50 2.50 0.87 “
and 203.15-206.30 3.15 2.85 Hunt B
including 204.10-205.20 1.10 4.89 “
HT-04-161 1500E/025S 333°/-60° 193.20-201.10 7.90 3.17 Hunt B
including 196.55-198.30 1.75 7.73 “
HT-04-140 6800W/025 343°/-44° 118-40-118.70 0.30 1.15** Recon
HT-04-150 8000W/100N 343°/-63° 80.95-85.40 4.45 1.18 “
including 80.95-83.00 2.05 2.20 “
*True widths are 80% to 85% of the reported lengths. ** Includes 39.5
g/t Ag and
0.99% Pb.
A 4000-metre summer drill program, anticipated to start in July, 2004,
will
follow up on the excellent results from the winter drill program (please
refer
to earlier news releases dated March 26 and April 7, 2004). The summer
drill
program will focus on further defining the depth extensions of the Hunt
Zone.
Rare Earth Metals is also planning a summer field program on its 100%
optioned
Row/Lass claims. The Row/Lass claims constitute an 8km long block
covering the
eastern extension of the Assean Lake Shear Zone (ALSZ) referred to
above. The
ALSZ is a major break in the earth’s crust, which can be traced for over
200 km.
Major geologic structures similar to the ALSZ are associated with gold
camps
throughout the Canadian Shield. The company’s summer program on its
Row/Lass
claims will include a comprehensive geochemical survey. The survey
results will
be compared with Magnetic/HLEM geophysical data collected in 2003 to
identify
and prioritize drill targets for a contemplated winter drill program.
Rare Earth Metals Corp has also optioned a 100 % interest in the Wood
claims
block which covers 7 kilometers of the West strike extent along the
Assean Lake
Shear Zone (ALSZ) claims. Therefore, the company holds solely (Row/Lass
and
Wood) or jointly (Hunt) over 35 continuous kilometers of the ALSZ.
The Hunt claims are held jointly by Rare Earth Metals (REM) 40% and
Canadian
Gold Hunter (CGH-TSX) 60%.
Drill results and technical data have been reviewed by Jan
Christoffersen,
P.Eng., a Qualified Person pursuant to NI-43-101. The mineralized drill
core
intervals are split in the field and sent to ALS Chemex in Vancouver for
analysis. The intervals containing visible gold are assayed by
fire-assay
procedure for metallics gold. This procedure involves pulverizing a
one-kg
sample and passing the prepared pulp through a 150 mesh (106 micron)
screen. The
+150 mesh material is analyzed in its entirety by fire assay. The -150
mesh
material is homogenized and a 50-gram subsample is assayed by fire assay
with
gravimetric finish. The samples from sections that did not contain
visible gold
were fused by fire assay and analyzed by atomic absorption spectroscopy.
A
series of standards are routinely introduced with each batch of samples.
Quality
controls include preparation and analysis statistics performed to
industry
standards
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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