R.E.M. Reports Best Ever High Grade Gold
Intersects Including 38.8 G/T; Major
Drill Program Planned for this Summer, Assean Lake Project, Manitoba
April 07, 2004 (REM – TSX) … Rare Earth Metals Corp., is pleased to
report
high-grade gold assay results from drilling on the Hunt Zone on the
Company’s
Assean Lake, shear-hosted gold project in north-central Manitoba as
received by
Canadian Gold Hunter (CGH-TSX) our Joint Venture Partners. A total of
4,237
meters were drilled in the 25-hole program, which concluded on March
27th. Nine
holes (2,476 m) were drilled on the Hunt Zone and 16 holes (1,761 m) on
reconnaissance targets on the north side of Assean Lake. (See website
for the
latest long section of the Hunt Zone. www.remcorp.info )
High-grade assays from three drill holes in the Hunt Zone, HT-147, 151
and 155,
are listed in table form below and plotted on the accompanying long
section
provided by (CGH). As a group and individually, these gold intercepts
are the
best ever encountered on the Hunt Zone! Significant visible gold was
noted in
all of the intercepts. In addition, a second high-grade zone (Hunt B)
was
intersected in HT-147 some 40-45 meters below (to the north of) the Hunt
Zone.
Only the upper part of the Hunt B was cut in HT-151, which was shut down
too
early. The Hunt B Zone is also present in HT-155.
Hole No. Collar Azimuth/Angle Interval (m) Length (m)* Gold (g/t) Zone
HT-04-147 1550E/020S 333°/-63° 208.85-210.80 1.95 16.83 Hunt
and 254.96-256.60 1.64 19.28 Hunt B
HT-04-151 1600E/010S 333°/-62° 189.65-192.60 2.95 16.96 Hunt
including 190.15-192.15 2.00 24.53 Hunt
and 239.25-240.00 0.75 3.78 ** Hunt B
HT-04-155 1650E/025S 333°/-61° 202.83-207.10 4.27 27.22 Hunt
including 203.18-206.12 2.94 38.78 Hunt
and 239.50-244.20 4.70 1.73 Hunt B
*True widths are 80% to 85% of the reported lengths. **Hole stopped in
Hunt B
Zone.
Rick Bailes, President of Canadian Gold Hunter, commented “These are
spectacular
results. The high-grade shoot continues to show excellent continuity, is
flattening and is clearly open to the west and at depth. The Hunt B Zone
is an
added bonus, which gives an exciting new dimension to the potential of
the Hunt
target. We will be undertaking a major drill program on the Hunt Zone
again this
summer to follow up on these excellent results.” Assays are pending on
HT-158
and 161, the last two holes drilled to the west and higher in the Hunt
Zone
section.
Rare Earth Metals Corp. also has agreements with Strider Resources
Limited, to
acquire a 100 % interest in both the Row/Lass and Wood claim blocks. The
extension claim blocks encompass an area of 3271 Hectares (8083 acres)
in 16
claims along the Assean Lake Shear Zone (ALSZ). The Row/Lass claims
cover 8
kilometers of the East strike extent and the Wood claims cover 7
kilometers of
the West strike extent, respectively, of the core claim group, which is
held
under joint option by Rare Earth Metals (REM) 40% and Canadian Gold
Hunter (CGH-TSX)
60%.
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 Assean Lake property is an advanced
gold
exploration project with over $3,000,000 invested in exploration.
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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