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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