Rare Earth Metals Corp.: Harvest Gold Announces Drilling at the Longstreet Gold-Silver Mine Project Nevada.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Rare Earth Metals Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:REM) (the "Company") announces that Harvest Gold Corporation ("Harvest Gold"), its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , will soon begin drilling on its Longstreet Gold-Silver Mine Project, in Nye County, Nevada Nye County is a county located in the U.S. state of Nevada. As of the 2000 census, the population was 32,485. In 2006 its population was estimated at 44,795. Nye is the third largest county in terms of area in the continental United States. Its county seat is Tonopah6. . The property is located 55 km (30 miles) NE of Tonopah, Nevada Tonopah is an unincorporated town and census-designated place (CDP) in Nye County, Nevada, United States. The population was 2,627 at the 2000 census. It is the county seat of Nye CountyGR6. Geography Tonopah is located at the junction of U.S. . The Company has an option to acquire a 100% interest in the property. The program will consist of up to 7 holes and total up to 1150 meters of drilling. The purpose of the program is to test the down dip extension of the higher grade gold-silver mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. associated with the Adit adit (ăd`ĭt), in mining, underground passage excavated nearly horizontally, with one end open to the earth's surface, usually used to service a mine. The adit end is the furthermost end from the surface, i.e., the location where miners work. Fault vein. President John Roozendaal states, "we are interested in determining the potential of the Adit Vein to host mineralization of a grade and width found in underground mining operations in Nevada. Our most recent program produced our highest grade gold-silver intervals and they were in the deepest holes which penetrated the Adit Vein (PR-17, PR-18, and PR 21)." The upcoming drill program will continue testing the vein down dip of these intercepts looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. high grade mineralization as the system deepens.
Gold
Equiv-
alent
in
grams
per
tonne
Drill T. Inter- (60:1
Hole Depth Dip From To val Au Ag Ag:Au
Number (meters) Angle (meters) (meters) (meters) g/t g/t Ratio)
PR17(i) 91.44 -45 67.06 70.10 3.05 2.39 518.0 11.02
Including 67.06 68.58 1.52 4.45 998.0 21.08
PR17(i) 91.44 -45 76.20 77.70 1.52 0.60 77.9 1.90
PR18(i) 106.68 -45 85.34 88.39 3.05 4.59 53.25 5.48
Including 85.34 86.86 1.52 8.38 77.5 9.67
PR22(i) 121.92 -45 105.16 106.68 1.52 0.29 60.4 1.30
PR22(i) 121.92 -45 114.30 118.87 4.57 0.65 318.7 5.96
Note (i) indicates previously released results. Richard Kern (P.Geo) of Reno, Nevada, is the qualified person as required under NI 43-101 and, has reviewed the technical information contained in this press release. In the "Technical Report On Longstreet Property Nye County, Nevada" by Greg Z Moser P.Geo Senior Geologist, Wardrop Engineering, the author states that at a cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grade of 0.25 g/t gold, the Longstreet Deposit contains an indicated resource of 4.7 million tonnes at an average grade of 0.63 g/t gold and 15.51 g/t silver. This report is available on the SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review website. The giant Round Mountain Au-Ag Mine (Barrick/Kinross) is located 47 km (29 mi) NW of Longstreet and as of year end 2004, reported reserves of 80 million tonnes at an average grade of 0.56 g/t gold. The Longstreet Mine property hosts 7 separate gold-silver targets. Four of the prospective zones including the Longstreet Main Zone are heap-leach, open-pit targets with sulphide mineralization potential at depth. The remaining three zones are deeper, "bonanza" style high-grade gold-silver targets. Richard Kern of Minquest states, "We believe in the potential of this multi-target land package. While the small mine potential of the Longstreet deposit has been our initial focus, we have always planned to explore deeper as part of the much bigger model we are chasing, a Round Mountain style system." For more information about the Longstreet Mine gold-silver Project link to our website at www.rareearthmetals.net/gold-project-nevada.html. As detailed in Rare Earth Metals Corp.'s Information Circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible dated September 13, 2005 and filed on SEDAR, the Company is to effect a restructuring (the "Restructuring") whereby Harvest Gold is to be "spun off" as a separate company to be listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (the "Exchange"). This Restructuring was approved by the Company's shareholders on October 7, 2005 and remains subject to Exchange acceptance. On behalf of the Board of Directors, John Roozendaal B.Sc., President & Director Rare Earth Metals Corp. The TSX Venture exchange does not accept responsibility for the ad equacy or accuracy of this release. Rare Earth Metals Corp. (TSX VENTURE:REM) |
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