Texas Rare Earth Resources Announces Favorable Results of Preliminary Mineralogical Assessments for its Round Top Rare Earth Project
· Completes Phase I of metallurgical testing and characterization
· Reconfirms that rare earth minerals are finely disseminated throughout the rhyolite host rock
· Simplistic REE mineral associations are reconfirmed, suggesting favorable metallurgical processing options
Sierra Blanca, TX and Denver, CO, October 27, 2011-- Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that it has completed Phase I of its metallurgical testing and characterization. The laboratory analysis and testing was completed by Mountain States R & D International, Inc.
Marc LeVier, President and Chief Executive Officer of Texas Rare Earth commented, "The testing performed by the Mountain States laboratory has reconfirmed that the rare earth minerals are finely disseminated throughout the rhyolite host rock. Based on the initial ore characterization, the testing reconfirms the simplistic rare earth element mineral associations, which suggests favorable metallurgical processing options. These results also suggest that the mineralogy should provide favorable low costs for metallurgical processing, which we believe will provide a significant competitive advantage."
Texas Rare Earth has also contracted Phase II of the metallurgical characterization work to Mountain States. The second phase of this work is currently underway and is focused on pre-concentration evaluation and other diagnostic testing. This program is expected to provide the basis for our scoping study, which is targeted to be completed in 2012.
Dr. Roshan Bhappu, President and Owner of Mountain States R & D International, Inc. is a world renowned expert in metallurgical process development engineering. Dr. Bhappu has worked on hundreds of mining projects worldwide, involving the extraction of base metals, precious metals, industrial minerals, rare earth elements, coal and uranium. Dr. Bhappu has been the past president of SME and AIME and, in 2010, was awarded the prestigious Mining & Metallurgical Society of America's Gold Medal for contribution to the mining industry.
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." |
