Rare Earth Minerals Plc
("Rare Earth Minerals", "REM" or "the Company")
Drilling Results from the Cinovec Lithium - Tin Project
Rare Earth Mineral Plc (AIM: REM; OTC: REMMY) is pleased to report that European Metals Holdings Limited ("EMH"), in which REM owns a 16.4% shareholding, has announced the analystical results for the confirmation drillhole CIW-11 at the Cinovec Lithium-Tin-Tungsten Project ("the project" or "Cinovec"). The full EMH announcement can be found at: http://europeanmet.com/assets/6_Sept_2016_Drill_Programme_Update_FINAL.pdf
§ Drillhole CIW-11 returned two main mineralized intercepts of 89.95m averaging 0.61% Li2O and 109.4m averaging 0.38% Li2O.
§ The first intercept includes a high-grade interval of 63.85m @0.76% Li2O, which hosts an internal very high grade interval of 12m @1.04 %Li2O. In addition, two sections of this lithium interval contain significant tin and tungsten mineralization: 2.85m averaging 0.27% tin and 0.053% tungsten; and 6m averaging 0.18% tin and 0.009% tungsten. This yields the best Li intercept recorded by the Company to date.
§ Drilling continues in the main section of the deposit, targeting near-surface mineralization on the flanks of the historic underground mine. Altogether, five drillholes (1,644m) have been completed this year, with three underway.
Kiran Morzaria, Chief Executive of REM, commented:
"These results from the Cinovec Lithium-Tin deposit are hugely positive and we look forward to seeing further results from the ongoing drilling campaign."
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance).
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For further information, please contact:
Rare Earth Minerals plc
Andrew Suckling +1 (212) 933 9007
Kiran Morzaria +44 (0) 207 440 0647
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
Square1 Consulting +44 (0) 207 929 5599
This information is provided by RNS