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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: Nikole Wollerstein3/21/2006 9:49:44 AM
   of 78419
 
Update from Rare Elements (RES):
...
Bear Lodge gold exploration will be in Newmont's capable hands and Rare Element Resources now may focus on exploring the Bear Lodge property for rare- earth elements (REE's). In the past two years, drilling and metallurgical testing have added to our data base and provided the needed experience to move forward to the next stage. We are now planning the program to confirm a Bear Lodge REE resource that is fully compliant with the requirements of National Instrument 43-101 ("NI43-101"). Past drilling by several major companies has outlined a historical resource; however, much additional drilling is needed to re-interpret the historical resource and to expand the overall resource so that it complies with the new NI43-101 standards. The compliant resource and additional metallurgical testing will provide the basic data necessary to begin financial evaluation of the property and to guide the Company as it plans for a project feasibility study.
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