(OTCQB: TRER)
"Texas Rare Earth Resources Corp. has a 20 year lease on and is developing [Round Top] a significant rare earth-beryllium-uranium property located in Hudspeth County, Texas, some eighty five miles east of El Paso, Texas. Independently published data indicates the property may contain over one billion metric tons of rhyolite containing low grade rare earths with a 67% ratio of heavy to light rare earths. Prior data from earlier exploratory work also indicates what management believes to be a potentially large high grade beryllium resource. Uranium is present in the deposit and preliminary sampling shows grades of over 1% U exposed in the mine."
Highlights
- Round Top was brought to pre-feasability by Cabot Corp/Cyprus Minerals for beryllium.
- 80K feet of drilling was done by previous developers of the property, material has been re-logged and assayed.
- Ratio of heavy to light rare earth elements in the deposit is 67-70%, among the highest of any known deposit.
- Deposit is low-grade but massive in scale.
- TRER also has two silver-lead-zinc projects in New Mexico (Macho and Graphic) with historical mining and district-scale potential.
- Management team and BOD include industry veterans with significant experience.
Resources
Company web site
Corporate presentation June 2011
Analyst Research Report on TRER
Bureau of Economic Geology-Round Top Report-1987
FSN segments on rare earths: Opportunities and Pitfalls - The importance of breaking China's monopoly (Nov 2010)
Macho District presentation (pdf)
Ellis Martin Report - TRER CEO Interview
Rare Metal Blog
Options and Warrants information (share counts for Feb. financing only)
John Kaiser's Rare Earth Resources page
Charts: Daily - Weekly
Images
Round Top historical drilling
Round Top HREE Comparison
Round Top key attributes
Round Top, Little Round Top, Little Blanca and Sierra Blanca rhyolite domes |
