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Rare Earth Metals Corp. Commences Field Program on its Cu-Zn VMS Properties
at Snow Lake, Manitoba
7/6/06
Rare Earth Metals Corp. (TSX VENTURE:REM) July 6, 2006 (the "Company") is
pleased to announce that field work will begin shortly on its Sails Lake and
Reed Lake properties locate d n ear Snow Lake, Manitoba. The Company plans to
undertake detailed geological mapping and geochemical surveys on both properties
during July and August 2006.
The Sails Lake property is situated approximately 30km from the mining community
of Snow Lake and the Reed Lake property is 75km by road from Snow Lake .
Work will begin first at Sails Lake which hosts a recently recognized alteration
zone typical of VMS deposits that has coincident ground and airborne geophysical
anomalies. This program is designed to identify Copper-Zinc mineralization drill
targets for the 2006-2007 winter drill season. The primary tool to be use d w
ill be geochemical surveys conducted in the vicinity of several buried
electro-magnetic targets. Vice President of Exploration, Dr. George Gale ,
states, "We are anxious to get on the ground at Sails Lake because this area has
not undergone comprehensive exploration for this type of deposit in many years.
There are strong indications that the property contains a VMS style mineralizing
system."
The Sails Lake property was explored for massive sulphides in 1957 by Selco and
in 1967 by HBED. Both companies drilled several short holes on separate
electromagnetic conductors, but most of the 10 conductors identified remain
untested. In 1987, mapping by ESSO Minerals Canada located felsic volcanic
rocks, in the eastern part of the company's claims. TVX geologists, while
evaluating gold mineralization, documented a number of occurrences of
chalcopyrite and sphalerite in garnet-anthophyllite rock that is depleted in
sodium. This type of rock is typically found in zones of metamorphosed
alteration beneath massive sulphide ore deposits in the Flin Flon-Snow Lake
belt. Banded sulphides with copper and zinc occur in a shallow trench adjacent
to this zone of alteration. This zone of altered rock has not been drilled and
occurs below a known ground electromagnetic conductor and in the vicinity of a
conductor identified by an Anglo-American SPECTRUM survey of the area. Another
occurrence on the property contains minor (less than 2%) chalcopyrite in an area
of altered basalt.
The company will also follow up on geochemical surveys conducted on the Reed 7
claim in late 2005. Those surveys indicated several anomalous base metal areas
and this summer's program will survey other geophysical targets on the Reed Lake
claims where the favourable Precambrian host rocks are covered by a thin layer
of flat lying limestone. The limestones cover the Sub-Paleozoic portion of the
Flin Flon-Snow Lake greenstone belt and this area is considered one of best
areas in Canada to explore for new VMS deposits.
The Flin Flon-Snow Lake Greenstone Belt is one of the largest Proterozoic
volcanic hosted massive sulphide (VMS) districts in the world an d h as produced
over 160 million tonnes of copper-zinc ore from 24 deposits. The deposits of the
belt average grades of approximately 2.5% copper and 4.5% zinc and are known for
their significant gold and silver credits
Rare Earth Metal's VMS exploration team is being led by Vice President of
Exploration, Dr. George Gale . Dr. Gale has over thirty years experience in
evaluating areas in Manitoba with potential to host VMS deposits. Dr. Gale,
P.Eng, has reviewed all technical information in this release.
ON BEHALF OF THE BOARD OF DIRECTORS,
John Roozendaal, President, Director
SOURCE: Rare Earth Metals Corp.
Rare Earth Metals Corp. John Roozendaal President, Director (604) 986-2020 or
Toll Free: 1-866-816-0118
www.RareEarthMetals.net
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