Tuesday, 14 August 2012

Rare Element reports community relations activities

Rare Element Resources (TSE:RES) pronounced its community and governmental accomplishments so far, which included site visits to its Bear Lodge project in Wyoming.

The Lakewood, Colorado-based company also made a series of presentations to trade groups, industry analysts, local and federal Wyoming audiences.

Rare Element hosted three public information meetings in Sundance and Upton, Wyoming. It also held numerous local presentations to county commissions, town councils, chambers of commerce as well as elected officials across Wyoming and
South Dakota. 

The mineral resource company carried out a series of tours at Cripple Creek’s Bull Hill mine. U.S. Forest Service personnel, elected officials and Environmental Protection Agency technical staff attended.

In addition, Rare Element also held a tour in May with eight American Indian tribes, who expressed an interest in learning about the Bull Hill mine.

Rare Element has planned two more tours this summer including a visit by National Park Service staff, and county elected officials.

In the last eight months, the company has made further presentations on the progress of Bear Lodge and exploration advances at Bull Hill to multiple organizations like the Northwest Mining Association, the Environmental Protection Agency's Rare Earth Elements Workshop in Denver to name a few.

“We appreciate the opportunity that these groups provided us to communicate why the rare earth industry is critical to future economic growth and to provide updates on the progress we continue to make at our Bear Lodge project,” Rare Element's chief executive Randy Scott said in a statement. 

“It is important for people to know the Bear Lodge project will use only the highest order of sound science and good engineering to make this a truly world-class operation in every respect.”

“With continued local, state and federal support, we anticipate that mine development will remain on schedule with ramp up to full production scheduled for 2016.”

The Bear Lodge property contains major high-grade rare earth elements in carbonatite dikes, and also has gold mineralization at the Sundance project in the same large alkaline-igneous complex. 

Earlier this year, a resource estimate revealed measured and indicated resources of 6.8 million tonnes grading of 3.75% rare earth oxides, and an inferred resource of 24.2 million tonnes showing a 2.74% grade using a 1.5% cut-off.

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