Profile: Rare Element Resources Ltd (REE.A)
Rare Element Resources Ltd. (Rare Element), incorporated on June 3, 1999, is engaged in the acquisition, exploration and development of mineral properties. The Company’s principal property is the Bear Lodge Property located in northeastern Wyoming, United States of America. The Bear Lodge Property consists of two projects: Bear Lodge Rare Earth Element Project (Bear Lodge 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
The Bear Lodge Property is located in central Crook County, northeastern Wyoming and is approximately 12 miles northwest of the town 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 unpatented mining claims and a Wyoming state mining lease. It holds 497 unpatented mining claims located on land administered by the United States Forest Service and a 259-hectare Wyoming state mining lease for a total of approximately 3,900 hectares. The Property is located within parts of Sections 5 through 9, Sections 14 through 23 and Sections 26 through 35 in Township 52 North and Range 63 West, Sixth Principal Meridian. All of the mining claims are unpatented.
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 + sulfide), and a deeper sulfide-bearing carbonatite (a high-carbonate igneous rock) zone.
The Bull Hill deposit contains a FMR-carbonatite dike swarm. The dike swarm primarily intrudes heterolithic intrusive breccia of the Bull Hill diatreme. The Bull Hill deposit 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.
Sundance Gold Project
The Sundance Gold Project is the second project located on its Bear Lodge Property. The Company completed a 34-hole gold exploration drilling program in November 2011 on the Sundance Gold Project focusing on three main gold targets.
Rare Element Resources Ltd
Suite 250, 225 Union Blvd
LAKEWOOD CO 80228