Rare Earth Reports Gold-Silver Intercepts from Nevada Drilling Programs


Rare Earth Metals Corp. is please to announce the results of the initial phase of exploratory drilling at the Longstreet Gold-Silver Project, Nevada. The Company has an option to acquire a 100% interest in the Longstreet property.
This first program was designed to verify the extent and continuity of the mineral resource referred to as the Main Zone, first mined in the 1920’s, and calculated in the 1988 preliminary feasibility study by Mine Development Associates (MDA) of Sparks, Nevada. The MDA study reported a measured resource of 3,277,900 tonnes of mineralization grading 0.82 g/t Au and 19.5 g/t Ag, excluding talus (Qualifying Report, March 14, 2003, G.A Harron P. Eng., P.Geo).

The phase 1 drill holes were orientated to intersect, at an optimum angle, the two sheeted-vein set structures which host the mineralization. Drill locations and cross-sections showing the gold-silver intervals from this program in relation to the mineralized intervals from previous drilling, are available for viewing on the Company website at


Only 9 of the 15 planned drill holes were completed before winter weather conditions halted the program. All the holes excluding hole # 7 were drilled to a total depth of 300 feet (91.44 meters). Hole 7 was drilled to a depth of 500 feet (152.4 meters).

The final results from the 9 completed holes are listed above. All samples including duplicate and repeats were prepared and analyzed at ALS Chemex in Vancouver using 50 gram pulps, fire assay procedure with gravimetric finish.

The drill program was successful in demonstrating the continuity of mineralization. The holes intercepted oxidized gold-silver mineralization where projected from previous drilling. The intervals reported similar to greater grades
over similar to greater widths. The strike and down-dip extent of mineralization will be tested in the spring when weather permits.

The Longstreet property is located 55 km (30 miles) NE of Tonapah, Nevada and approximately 47 km (28 miles) SE of the Round Mountain Mine (Barrick/Kinross).

The project consists of 7 separate gold-silver target zones. Four of the prospective zones including the “Main Zone” are heap-leach, open-pit targets hosting oxidized sheeted-vein gold-silver mineralization. The remaining three zones are deeper, “bonanza” style, high-grade underground drill targets.

The TSX Venture exchange does not accept responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Directors,


John Roozendaal B.Sc
President, CEO & Director
Rare Earth Metals Corp.

For more information about Rare Earth Metals Corp. please review the company’s website or speak with a Company representative toll free 866 816 0118 or by emailing

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