Rare Earth Metals Corp. Gold-Silver and Nickel Update


Rare Earth Metals is pleased to report that drilling has now commenced at the Longstreet Gold-Silver Mine project in Nye County, Nevada. The program will consist of 10-15 Reverse Circulation drill holes designed to verify the extent and grade of mineralization of the main zone, one of 7 mineralized targets on the property.

The Company has received the walking Magnetometer geophysical data from a survey recently completed at the South Bay Nickel-Copper-Cobalt-PGE project in Manitoba. The mag-survey map is available for viewing on the Company website

The mineralization discovered at South Bay is comparable to that found in magmatic-sulphide hosted nickel deposits, and is comprised of pyrrhotite, pentlandite, millerite, chalcopyrite, pyrite and other sulphide minerals. The metaliferous zone is exposed within a 2 meter to 7 meter wide biotite schist thought to be associated with mafic intrusions. Regional host rocks comprise a sequence of sulphidic metasedimentary rocks.

This discovery straddles the provincial highway northeast of Leaf Rapids Manitoba. It is an area with excellent local and regional infrastructure including roads, power, and existing mining communities and is approximately 300 km by road from INCO’s fully integrated nickel mining and smelting complex at Thompson, Manitoba.

The average grade of eleven semi-massive to near massive sulphide boulders recovered from blast rubble in a road cut exposure is 2.42 % Ni, 0.78 % Cu, 697 ppm. Co and 1.32 g/t PGE. Geological mapping, magnetometer and HLEM geophysical surveys, and geobotanical surveys have been completed and will be released once interpreted and evaluated.

Dr. Hamid Mumin will present a summary of the South Bay Nickel discovery and exploration results on Friday November 14th 2003 at the Manitoba Mining & Minerals Convention in Winnipeg, Manitoba.

Petrographic and mineralogical studies are in progress at Brandon University in Manitoba.
For further information, please contact John Roozendaal, President, Rare Earth Metals Corp. at (604) 682-8236 in Vancouver or (866) 816 0118. Visit the company at

On behalf of the Board of Directors

John Roozendaal

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