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
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.?
For more information on Texas Rare Earth Resources Corp., visit
its website at http://www.texasrareearth.com.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ('SEC?) limits
disclosure for U.S. reporting purposes to mineral deposits that a
company can economically and legally extract or produce. Our Round Top
rare earth-beryllium-uranium project currently does not contain any
known proven or probable ore reserves under SEC reporting standards and
our reference above to the metric tons of rhyolite contained at the
project is a reference only to estimated in-place tonnage. U.S.
investors are urged to consider closely the disclosure in our latest
reports and registration statements filed with the SEC. You can review
and obtain copies of these filings at http://www.sec.gov/edgar.shtml.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the U.S. Securities Act of 1933, as amended, and U.S.
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that Texas Rare Earth
Resources expects or anticipates will or may occur in the future,
including such things as the potential development of the Round Top rare
earth?beryllium-uranium project, estimates of mineralized material, the
potential of Mr. Gochnour′s and KMS′s experience to advance the Round
Top project, the potential ratio of heavy to total rare earth minerals
present at the Round Top project, the number of metric tons of rhyolite
contained at the Round Top project and other such similar matters are
forward-looking statements. When used in this press release, the words
'potential?, 'indicate?, 'expect?, 'intend?, 'hopes,? 'believe,? 'may,?
'will,? 'if, 'anticipate? and similar expressions are intended to
identify forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Texas Rare Earth
Resources to be materially different from any future results,
performance or achievements expressed or implied by such statements.
Such factors include, among others, uncertainty of mineralized material
estimates, risks relating to completing drilling and metallurgical
testing at the Round Top project, risks related to project development
determinations, risks related to fluctuations in the price of rare earth
minerals, the inherently hazardous nature of mining-related activities,
potential effects on Texas Rare Earth Resource′s operations of
environmental regulations, risks due to legal proceedings, risks related
to uncertainty of being able to raise capital on favorable terms or at
all, as well as those factors discussed under the heading 'Risk Factors?
in Texas Rare Earth Resource′s latest annual report on Form 10-K as
filed on February 8, 2011, as amended, April 19, 2011, and other
documents filed with the U.S. Securities and Exchange Commission.
Although Texas Rare Earth Resources has attempted to identify important
factors that could cause actual results to differ materially from those
described in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. Except as
required by law, Texas Rare Earth Resources assumes no obligation to
publicly update any forward-looking statements, whether as a result of
new information, future events or otherwise.
Texas Rare Earth Resources Corp.
Nadine Wakely, 303-597-8737
Director,
Investor Relations
nwakely@trer.com
or
Kei
Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com