Texas Rare Earth Resources Contracts Environmental Engineer and Geological Modeling Expert for Preliminary Economic Analysis
· Gouchner & Associates, Inc. to direct baseline development and permitting efforts
· Klepfer Mining Services LLC to provide technical assistance in preparation of geological model
Sierra Blanca, TX and Denver, CO, September 29, 2011-- Texas Rare Earth Resources Corp. (the "Company") (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that Lee "Pat" Gochnour of Gochnour & Associates, Inc. and Klepfer Mining Services LLC ("KMS") have been retained to provide technical assistance in the development of the Round Top project. Mr. Gochnour will direct environmental baseline development and permitting efforts to support project design, permitting, operation and closure planning. KMS will assist in the preparation of the geological model for the project and will be assisting on preliminary mine planning, engineering, and developing corporate strategy towards a scoping study.
Anthony J. Garcia, the Company's Senior Vice President of Project Development, commented, "We believe Pat's extensive experience in permitting and environmental service to the mining industry since 1981 will be a major asset to our team's efforts to move the Round Top project forward, while KMS brings a wide range of operational and technical experience that we believe will also drive the advancement of the project."
Prior to forming his own company in 1994, Mr. Gochnour was Vice President of Environmental Services for Pincock, Allen & Holt, a division of Hart Crowser, Inc. He has also served as Corporate Environmental Manager for St Joe Minerals, Bond International Gold, LAC Minerals & MinVen Gold Corporation. His areas of expertise include environmental audits, permitting programs, Plan of Operations and EA/EIS development, alternative siting studies, reclamation planning, environmental contingency planning, remediation and environmental litigation support. In addition to these site-specific capabilities and experience, Mr. Gochnour also provides environmental and permitting feasibility support for project financing to a wide range of domestic and international clients.
KMS is a consortium of industry professionals that collaborate to provide services to the mining industry. KMS specializes in assisting companies in the development of new projects in areas such as engineering, environmental management, technical support, resource development, mining law, and other typical mine services. Eric Klepfer is the principle of KMS and has a B.S. Degree in Mining Engineering with over 30 years of operational, technical, environmental, and management experience. Mr. Klepfer was Vice President of Operations for Mines Management and Vice President of Technical Services for Earthworks Technology, a subsidiary of Coeur d'Alene Mines Corporation. He has also held positions with Kaiser Steel, Noranda Minerals, USMX, Newmont Gold, Dee Gold, Placer Dome and is currently a Director with Timberline Resources Corporation. Mr. Klepfer was also involved with the technical and environmental efforts for the Kensington Gold Project and is currently providing similar services on the Montanore Project located in Northwestern Montana.
Mr. Klepfer will lead a team that have all been involved with major mining projects in the western U.S., Alaska, Canada, and other countries; working for Cominco American, Inc., Newmont Gold, Pegasus Gold, Anaconda, Barrick Gold, Placer Dome, and other mining and exploration companies.
About Texas Rare Earth
Texas Rare Earth Resources Corp.'s primary focus is exploring and developing its Round Top rare earth minerals project. The Round Top project is located in Hudspeth County, Texas, 85 miles east of El Paso, Texas. Independently published data indicates the property may contain approximately 1.6 billion metric tons of rhyolite host rock containing rare earth minerals with potentially a 70% ratio of heavy to total rare earth minerals. Prior exploratory work also indicates what the Company believes to be a potentially large, high-grade beryllium mineralization. Uranium mineralization is also present in the deposit. The Company's common stock trades on the OTCQB Market tier under the symbol "TRER." |
