Texas Rare Earth Resources Announces Commencement of Aerial Survey at Round Top Mountain
Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths
exploration, development and mining company, today announced that the
close-spaced aero-magnetic/gamma ray spectrography study contracted to
Aeroquest Airborne begins today at Round Top Mountain near Sierra
Blanca, Texas. Previously, the work was scheduled to be initiated in
late July of this year, however, Aeroquest was able to make schedule
improvements.
Marc Le Vier, Chief Executive Officer of Texas Rare Earth Resources,
stated, 'The aerial survey of Round Top Mountain and several other
targets in the area is important for advancing the development of the
project and driving the exploration drilling plan. The results will
provide direction and be an integral component of the drilling program
this year.?
Dan Gorski, Chief Operating Officer noted, 'Aeromagnetic surveying is
planned to define the form and geometry of the mineralized rhyolites and
to detect the presence of other rhyolite bodies which may be hidden
under cover.?
The Round Top Project was previously drilled in the mid 1980′s, and
Texas Rare Earth is in the process of re-logging and re-analyzing 82,000
feet of historical drilling. The Company previously announced the total
rare earth values, heavy rare earth percentages and material content of
nine historic drill holes that it has prioritized for re-analysis.
Results consistently reconfirm that along with apparent uniform rare
earth grades, Round Top Mountain is uniquely positioned to possibly be
the largest heavy rare earth element resource in the world. A study
conducted by the Texas Bureau of Geology, published in the Geological
Society of America, Special Paper 246 in 1990, estimated the size of the
body to be approximately 1.6 billion metric tons.
Forward-Looking Information
This press release may contain forward-looking statements about the
business, financial condition and prospects of the Company.
Forward-looking statements, can be identified by the use of forward
looking terminology such as 'believes,' 'projects,' 'expects,?
'potential,? 'size, grade and elemental make-up,? 'massive tonnage,?
'may,' 'goal,' 'estimates,' 'should,' 'likelihood,' 'plans,' 'targets,'
'intends,' 'could,' or 'anticipates,' or the negative thereof, or other
variations thereon, or comparable terminology, or by discussions of
strategy or objectives. Forward-looking statements relate to anticipated
or expected events, activities, trends or results. Because
forward-looking statements relate to matters that have not yet occurred,
these statements are inherently subject to risks and uncertainties.
These statements are made to provide the public with management's
current assessment of the Company's business. Although the Company
believes that the expectations reflected in forward-looking statements
are reasonable, there can be no assurances that such expectations will
prove to be accurate. Security holders are cautioned that such
forward-looking statements involve risks and uncertainties. The
forward-looking statements contained in this press release speak only as
of the date of this press release and the Company expressly disclaims
any obligation or undertaking to report any updates or revisions to any
such statement to reflect any change in the Company's expectations or
any change in events, conditions or circumstances on which any such
statement is based. Certain factors may cause results to differ
materially from those anticipated by some of the statements made in this
press release.
About Texas Rare Earth
Texas Rare Earth Resources Corp.'s primary focus is developing its Round
Top Mountain rare earth?beryllium-uranium project which also includes
niobium, tantalum and gallium. Round Top is located in Hudspeth County,
Texas, 85 miles east of El Paso. Independently published data indicates
the property may contain more than one billion metric tons of rhyolite
containing rare earths with a 67% ratio of heavy to light rare earths.
Prior 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. Texas Rare Earth's common stock trades on the OTCQB Market
tier under the symbol 'TRER.?
For more information on Texas Rare Earth Resources Corp., visit
its website at http://www.texasrareearth.com.
Company:
Texas Rare Earth Resources Corp.
Marc LeVier,
303.507.3842
Chief Executive Officer
mlevier@texasrareearth.com
or
Investor
Relations:
Kei Advisors LLC
Deborah K. Pawlowski,
716.843.3908
dpawlowski@keiadvisors.com