Profile: Rare Element Resources Ltd (REE.A)

REE.A on American Stock Exchange

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31 Mar 2015
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Rare Element Resources Ltd. (Rare Element), incorporated on June 3, 1999, is an exploration-stage company. The Company is focused on exploration and development of the Bear Lodge Rare Earth Element Project (Bear Lodge REE Project) located near the town of Sundance in northeastern Wyoming, United States on the Bear Lodge Property. The Bear Lodge Property consists of two projects: Bear Lodge Rare Earth Element (REE) Project and the Sundance Gold Project. The Bear Lodge REE Project consists of the Bull Hill mine deposit, the Whitetail Ridge resource area, and the East Taylor and Carbon exploration targets. The Company holds interest in the Bear Lodge Property through its wholly owned subsidiary, Rare Element Resources, Inc.

Bear Lodge Property (Wyoming, United States of America)

The Bear Lodge Property is located in central Crook County, northeastern Wyoming and is approximately 19 kilometers northwest of Sundance, Wyoming. The Property lies within the Black Hills National Forest along the crest of the northern part of the Bear Lodge Mountains, a narrow northwest-trending range. The Company controls 100% of the mineral rights at the Bear Lodge Property, consisting of both mining claims and adjacent property owned in fee by the Company. It holds 499 mining claims located on land administered by the United States Forest Service and a 257-hectare Wyoming state mining lease for a total of approximately 3,642 hectares. The Property is located within parts Sections 5, 7 through 9, Sections 14 through 23 and Sections 26 through 35 in Township 52 North and Range 63 West, Sixth Principal Meridian, Crook County, Wyoming.

Bear Lodge REE Project

REE mineralization occurs in the north-central core of the Bear Lodge alkaline-igneous complex located in the Bear Lodge Property. The REE deposits and occurrences within the Bear Lodge Property are contained within its unpatented mining lode claims, and are located in the vicinity of the Bull Hill mine deposit. Rare-earth mineralized bodies occur as dikes, veins and stockwork within the Bull Hill mine deposit area of the Bear Lodge REE Project. The mineralization includes a well-defined, near-surface oxidized FMR (iron oxide-manganese oxide-REE) zone, a near-surface oxidized but incompletely leached carbonatite zone (oxide-carbonate zone), a transitional or mixed zone (oxide plus sulfide), and a deeper sulfide-bearing carbonatite (a high-carbonate igneous rock) zone.

The Bull Hill Mine Mineral Resources consists of mineralized material from both the Bull Hill deposit and Whitetail Ridge deposit resource areas. The mineralized bodies occur as steeply-dipping FMR-carbonatite dike swarms and associated stockwork. The dike swarm primarily intrudes heterolithic intrusive breccia of the Bull Hill diatreme and adjacent trachytic and phonolitic intrusive rocks. Carbonatite dikes at depth are interpreted to transition toward the surface into oxide-carbonate and FMR bodies. The mineralized structures range in size from veinlets to large dikes more than 30 meters in width. The Bull Hill deposit resource consists of one dominant dike set and several subsidiary dike sets in a swarm that has dimensions of more than 457 meters along strike and less than 100 meters in width. The dikes appear to pinch and swell in both strike and dip directions, and they can be traced in drill holes more than 305 meters down dip.

The Whitetail Ridge deposit occurs about 700 meters northwest of the Bull Hill deposit. The REE mineralization consists of northwest- and north-striking FMR dikes, and an FMR stockwork zone that is also elongated northeasterly, with dimensions of roughly 380 meters by 290 meters. Preliminary mineralogical studies by the Company indicate that the REE mineralization occurs in REE fluorocarbonates (bastnasite, parisite, and synchysite), cerianite, and subordinate monazite. The Whitetail Ridge deposit mineralization is enriched in heavy rare earth elements (HREE), relative to the Bull Hill deposit, and both are enriched in critical rare earth elements (CREE).

Sundance Gold Project

The Sundance Gold Project is the second project located on its Bear Lodge Property. The Project contains gold mineralization.

Company Address

Rare Element Resources Ltd

225 Union Blvd Ste 250
LAKEWOOD   CO   80228-1574
P: +1720.2782460
F: +1720.2782490

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