Jun 21 2012
U.S. Rare Earths, Inc., "USRE", www.usrareearths.com, announced today that surface rock sampling conducted in the fourth quarter 2011 at its Idaho and Montana properties near Lemhi Pass and North Fork Idaho, along with results from sampling in 2009 and 2010 indicate the presence of Total Rare Earth (TRE) ranging as high as 26%. "The analytical results from ACT Labs, Canada -- along with the aero-mag we flew after acquiring these properties will shape our 2012 Drill Program," said Greg Schifrin, Chief Operating Officer.
“The concentrations of TRE present from our rock sampling are substantial and present potential for a significant discovery”
TRE findings at the North Fork Project ranged from 1-10% at the Radiant Claim, 1-26% at the Cardinal Claim, 1-9% at the Silver King Claim, 1-10% at the Lower Lee Buck Claim, 1-8% at the Diamond Creek Project and 1-18% at the Sheep Creek Project. "The concentrations of TRE present from our rock sampling are substantial and present potential for a significant discovery," stated Michael D. Parnell, Chief Executive Officer. "As one of the two large US reserves listed in the Department of Energy's (DOE) Critical Materials Strategy Report, our rare earth properties could help supply the projected demand of the United States military and civilian green industries, thus assisting in eliminating the dependence the United States currently has on foreign sources," added Parnell.
In 2011, USRE announced the acquisition of the Idaho and Montana properties as well as the additional staking of 8,000 acres in and around the Lemhi Pass District and North Fork.
U.S. Rare Earths' properties in Idaho and Montana including Lemhi Pass have been recognized in the U.S. Department of Energy's Critical Materials Strategy publication to have significant showings of Heavy Rare Earth Elements, in particular for the five Rare Earths identified by DOE as being at "Critical Risk": Dysprosium, Europium, Neodymium, Terbium and Yttrium.
About U.S. Rare Earths, Inc:
U.S. Rare Earths, Inc. (USRE), (OTCBB: UREE), is a mineral exploration, mining and claims acquisition company based in Lonoke, AR. Formerly Colorado Rare Earths, Inc, the company holds over 16,000 acres of mining claims for rare-earth elements in Colorado, Idaho and Montana. In Colorado these include the Powderhorn Property in Gunnison County, and Wet Mountain Property in Fremont and Custer Counties. Additional claims include the Lemhi Pass Property in Lemhi County, Idaho and Beaverhead County, Montana; Diamond Creek and North Fork Properties in Lemhi County, Idaho and the Sheep Creek Property in Ravalli County, Montana. Rare earth elements are critical to many existing and emerging 21st century applications including clean-energy technologies such as hybrid cars and electric vehicles; high-technology applications including cell phones and digital music players; hard disk drives used in computers; microphones; fiber optics; lasers; and in addition, critical defense applications such as global positioning systems, radar and sonar; and advanced water treatment applications, including those for industrial, military, homeland security, domestic and foreign aid use. For more information visit www.usrareearths.com.
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