Post by Hot Christian Stocks on Mar 10, 2012 14:49:59 GMT -5
REE - Rare Element Resources Ltd. -AMEX
Rare Element Resources Ltd is a publicly traded company having 100% interest in the Bear Lodge Property in Wyoming, USA, which contains one of the largest disseminated rare-earth (REE) deposits in North America (US Geological Survey Professional Paper 1049D) as well as extensive gold occurrences. The Bear Lodge Project has high grade light REE and significant quantities of heavy REE, favorable metallurgy, outstanding infrastructure, and it is located in one of the world's best mining jurisdictions.
Contact Info
410-325 Howe Street
Vancouver, BC V6C 1Z7
Canada
Website: www.rareelementresources.com
Phone: 604-687-3520
www.otcmarkets.com/stock/REE/company-info
Donald E. Ranta, Ph.D., P.Geo.
Chairman
Donald Ranta, former President and CEO, is an exploration and development mining executive experienced in planning, implementing and directing successful exploration and acquisitions throughout North and South America and internationally. He is also a former president and board member of SME and is currently the Vice President, Finance and board member of AIME. He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major deposits including Montana's McDonald gold and Mexico's Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of a number of other gold deposits including Baja California's Paradones Amarillos, Idaho's Kiglore, Montana's Seven-Up Pete, Mexico's Dolores gold-silver, Burkina Faso's Youga gold and Russia's Kuranakh gold. In addition, he serves as a director of Animas Resources Ltd. and has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American Exploration at Phelps Dodge Mining Company.
Randall J. Scott
President & CEO
Mr. Scott is a metallurgical engineer with over 30 years of experience in the industry. His experience includes leading performance teams in operations, administration, project development, program management, business development, and major improvement initiatives. Most recently, Mr. Scott was Vice President, Corporate Responsibility and Strategy, with Thompson Creek Metals Company. His prior experience includes Senior Vice President and Vice President of Cyprus Amax Coal Company with responsibilities ranging from Western Operations, including mines in the Gillette area of Wyoming, Appalachian Operations, and process management. He also worked for Cyprus Metals Company as Vice President and General Manager of the Bagdad Mine and also of the Sierrita Mine, both in Arizona. Earlier he worked for Pincock Allen & Holt as Executive Vice President.
Mr. Scott holds a Bachelor of Science degree in metallurgical engineering from the Colorado School of Mines and an MBA degree from the University of Arizona.
Jaye T. Pickarts, P.E.
Chief Operating Officer
Jaye Pickarts is a senior process engineer with more than 25 years of leadership in project management for project development, acquisitions, engineering design, permitting and reclamation, mine closure, water management, and process operations. He has extensive experience with projects in North and South America, Australia, Africa, and Kazakhstan. His mine operations experience includes supervisory, maintenance, and engineering positions working with precious metals, base metals, and industrial mineral companies, including test programs, capital and operating cost estimates, and start-up and operations assistance. He contributed to the Company's Scoping Study published in November 2010.
David Suleski, B.B.A.
Chief Financial Officer
David Suleski, a past Certified Public Accountant, has held senior financial roles at various international mining companies. Most recently, he was Vice President and Chief Financial Officer of Atna Resources Ltd., a TSX-listed company with an operating gold mine and several advanced stage gold exploration projects. In addition, Mr. Suleski has held financial and accounting positions with increasing levels of responsibility at diverse financial, accounting and mining companies including Arthur Young and Company, Coopers and Lybrand, Cyprus Amax Mineral Company, Pulte Mortgage, Apex Silver Mines Corporation and NM Rothschild & Sons (Denver) Incorporated.
Mark T. Brown, B.Comm., C.A.
Director
Mark Brown is president and director of Pacific Opportunity Capital Ltd. Headquartered in Vancouver, BC, Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown is also an officer and/or director of a number of public and private companies, including Almaden Minerals, Animas Resources, Avrupa Minerals, Pitchstone Exploration, and Tarsis Resources. His corporate activities include transactions, financings and corporate financial planning. Prior to joining Pacific Opportunity, Mr. Browns background included managing financial departments of two TSE 300 mining corporations: Eldorado Gold and Miramar Mining.
Mr. Brown has a Bachelor of Commerce from the University of British Columbia and became a Chartered Accountant while with PriceWaterhouseCoopers.
Jim Clark, Ph.D
Vice President, Exploration
Jim Clark brings 30 years of industry experience to Rare Element Resources. He has planned, organized, and conducted all aspects of project exploration and target generation work as an employee and a consultant for a variety of mining companies, including Molycorp and Hecla Mining Company. Dr. Clark has a strong field orientation with extensive supervisory and project management experience in exploration programs for industrial minerals, precious and base metals, and specialty metals. He was senior geologist, then exploration supervisor, for Hecla from 1986 -- 1992, and played a key role in identifying Rare Element Resources' current Bear Lodge REE resource and the property's underlying gold mineralization potential, now joint ventured with Newmont. Dr. Clark has extensive experience in exploration and academic studies of commodities related to alkaline igneous rocks, including REE's, Nb, and gold. He is the current owner and Chief Geologist of Applied Petrographics, a consulting company he formed in 1998 to provide petrographic and microanalytical services to the mining industry. Clients include Barrick Gold, Newmont Mining, Hecla Mining, AngloGold, and CVRD, as well as many smaller companies. He holds a Ph.D. in volcanic geology and igneous petrology from the University of Oregon, an M.S. in geological oceanography from Oregon State University, and a B.S. in geology from The Ohio State University. He is a licensed geologist in the state of Washington.
George G. Byers, M.A.
Vice President, Government and Community Relations
George Byers is a 35-year mining and energy industry veteran with extensive executive experience in federal, state and local government relations. He has worked extensively in a variety of settings including dealing with public policy issues involved with mineral exploration, project siting and development, land use and public affairs issues in the Western United States. He has been a consultant to the precious metals, rare earths, copper, and uranium industries on a variety of public and government issues. He began the Company's government and community relations initiative in the spring of 2010.
www.rareelementresources.com/i/pdf/RES_CorpProfile.pdf
PROJECTS
Rare Element Resources was specifically created to develop the Bear
Lodge rare-earth-element and gold deposits in northeast Wyoming. The US Geological Survey has studied the area extensively (USGS Prof. Paper #1049-D) and has estimated that it contains one of the largest deposit of disseminated rare-earth elements in North America. The deposit, virtually all of which is located on claims owned by Rare Element Resources, also has an association with significant nearby gold occurrences and some copper mineralization. Rare Element Resources is currently exploring for Rare Earths and Gold and results have been very good to date.
Rare Element Resources' revival and recent substantial advancement of the alkaline-igneous goldexploration model, coupled with the strong gold market, have renewed and intensified gold exploration interest in the Bear Lodge property.
Some key parameters of this gold exploration model and the similarities between Bear Lodge and Cripple Creek are as follows:
At Bear Lodge and Cripple Creek many surface rock-chip samples, collected by a variety of major companies over the last 30 years, carry gold values in excess of 1 g/t. Historically, at Bear Lodge the highest grade of these samples assayed over 14 g/t gold.
Broad areas have strong (greater than or equal to 100 parts per billion {ppb} gold) and moderate (50 to 99 ppb gold) gold anomalies in rock-chip and soil samples. (100 ppb = 0.1 ppm or 0.1 g/t)
Gold mineralization is structurally controlled and closely associated with widespread strong potassium feldspar-pyrite (+/- carbonate) alteration.
Veinlets and wall rocks contain disseminated rare-earth-element minerals, and apatite crystals have rims enriched in rare-earth elements.
Other anomalous elements that characterize mineralization in the complexes include potassium, tellurium, arsenic, antimony, molybdenum, barium, and strontium
The Bear Lodge alkaline-igneous rocks, which are dominated by phonolitic and trachytic sills, dikes, and plugs (as well as numerous related late-stage intrusions and intrusive breccia bodies), could represent the upper levels of an alkaline-igneous system similar to that exposed at Cripple Creek.
The Bear Lodge alkaline-igneous complex hosts one of the largest disseminated rare-earth elements (REE) deposits in North America (US Geological Survey Professional Paper 1049D) This deposit is naturally enriched in some of the more valuable rare-earth elements.
The rare-earth elements are the 15 lanthanide-series elements, including lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. Yttrium and scandium, although not lanthanides, are generally included with the REEs, as they often occur with the lanthanides and have similar chemical properties.
Rare Element Resources' Bear Lodge, Wyoming property contains the "light" REEs (lanthanum, cerium, praseodymium, neodymium, samarium, europium, and gadolinium). Four of these, cerium, lanthanum, neodymium, and praseodymium, listed in decreasing abundance, make up the majority of the Bear Lodge distribution, and neodymium and praseodymium are especially valuable. The Bear Lodge rare-earths are concentrated in carbonatite dikes, primarily at an area named Bull Hill, near the center of the large alkaline intrusive complex. Carbonatite bodies range in size from veinlets to dikes and approach 15 meters in width. A swarm of wide carbonatite dikes, striking northwesterly and dipping steeply to the southwest, are located beneath the southwest slope of Bull Hill. The minerals containing rare-earths within the carbonatites are mainly ancylite and bastnaesite. Drill holes penetrating Bull Hill have encountered a swarm of several closely spaced dikes and one main thick dike ranging up to 15 meters in true thickness. The dike swarm has been traced up to 300 meters along strike, and the dikes are open along strike and down dip.
Hecla Mining Company explored the Bear Lodge rare-earth mineralization in the late 1980s, focusing on a swarm of three carbonatite dikes at Bull Hill. Hecla drilled 12 core holes into the system, intercepting multiple rare-earth concentrations in nearly every hole; earlier, four holes drilled by Duval and Molycorp also had intercepted rare earths. Based on the 16 holes with rareearth intercepts completed by 1991, Hecla estimated the rare-earth-element resource to be approximately 3.9 million metric tonnes (4.3 million short tons) averaging 3.8% total rare-earth oxides. **
Rare Element Resources has continued exploring the Bull Hill carbonatite dikes with three core drill holes in 2004, two core holes in 2005, and three core holes in 2007, all encountering varying quantities of carbonatite dikes and rare-earth occurrences. The historical grades and thicknesses of rare-earth-bearing carbonatite have been verified by Rare Element Resources' recent drilling programs. Metallurgical test work has been conducted at several laboratories and a new metallurgical testing program is ongoing using samples from the 2007 drilling. One of Rare Element Resources' goals, building on the recent exploration success, is to estimate an N.I. 43-101-compliant resource of the rare-earth elements deposits.
Rare Element Resources Ltd is a publicly traded company having 100% interest in the Bear Lodge Property in Wyoming, USA, which contains one of the largest disseminated rare-earth (REE) deposits in North America (US Geological Survey Professional Paper 1049D) as well as extensive gold occurrences. The Bear Lodge Project has high grade light REE and significant quantities of heavy REE, favorable metallurgy, outstanding infrastructure, and it is located in one of the world's best mining jurisdictions.
Contact Info
410-325 Howe Street
Vancouver, BC V6C 1Z7
Canada
Website: www.rareelementresources.com
Phone: 604-687-3520
www.otcmarkets.com/stock/REE/company-info
Donald E. Ranta, Ph.D., P.Geo.
Chairman
Donald Ranta, former President and CEO, is an exploration and development mining executive experienced in planning, implementing and directing successful exploration and acquisitions throughout North and South America and internationally. He is also a former president and board member of SME and is currently the Vice President, Finance and board member of AIME. He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major deposits including Montana's McDonald gold and Mexico's Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of a number of other gold deposits including Baja California's Paradones Amarillos, Idaho's Kiglore, Montana's Seven-Up Pete, Mexico's Dolores gold-silver, Burkina Faso's Youga gold and Russia's Kuranakh gold. In addition, he serves as a director of Animas Resources Ltd. and has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American Exploration at Phelps Dodge Mining Company.
Randall J. Scott
President & CEO
Mr. Scott is a metallurgical engineer with over 30 years of experience in the industry. His experience includes leading performance teams in operations, administration, project development, program management, business development, and major improvement initiatives. Most recently, Mr. Scott was Vice President, Corporate Responsibility and Strategy, with Thompson Creek Metals Company. His prior experience includes Senior Vice President and Vice President of Cyprus Amax Coal Company with responsibilities ranging from Western Operations, including mines in the Gillette area of Wyoming, Appalachian Operations, and process management. He also worked for Cyprus Metals Company as Vice President and General Manager of the Bagdad Mine and also of the Sierrita Mine, both in Arizona. Earlier he worked for Pincock Allen & Holt as Executive Vice President.
Mr. Scott holds a Bachelor of Science degree in metallurgical engineering from the Colorado School of Mines and an MBA degree from the University of Arizona.
Jaye T. Pickarts, P.E.
Chief Operating Officer
Jaye Pickarts is a senior process engineer with more than 25 years of leadership in project management for project development, acquisitions, engineering design, permitting and reclamation, mine closure, water management, and process operations. He has extensive experience with projects in North and South America, Australia, Africa, and Kazakhstan. His mine operations experience includes supervisory, maintenance, and engineering positions working with precious metals, base metals, and industrial mineral companies, including test programs, capital and operating cost estimates, and start-up and operations assistance. He contributed to the Company's Scoping Study published in November 2010.
David Suleski, B.B.A.
Chief Financial Officer
David Suleski, a past Certified Public Accountant, has held senior financial roles at various international mining companies. Most recently, he was Vice President and Chief Financial Officer of Atna Resources Ltd., a TSX-listed company with an operating gold mine and several advanced stage gold exploration projects. In addition, Mr. Suleski has held financial and accounting positions with increasing levels of responsibility at diverse financial, accounting and mining companies including Arthur Young and Company, Coopers and Lybrand, Cyprus Amax Mineral Company, Pulte Mortgage, Apex Silver Mines Corporation and NM Rothschild & Sons (Denver) Incorporated.
Mark T. Brown, B.Comm., C.A.
Director
Mark Brown is president and director of Pacific Opportunity Capital Ltd. Headquartered in Vancouver, BC, Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown is also an officer and/or director of a number of public and private companies, including Almaden Minerals, Animas Resources, Avrupa Minerals, Pitchstone Exploration, and Tarsis Resources. His corporate activities include transactions, financings and corporate financial planning. Prior to joining Pacific Opportunity, Mr. Browns background included managing financial departments of two TSE 300 mining corporations: Eldorado Gold and Miramar Mining.
Mr. Brown has a Bachelor of Commerce from the University of British Columbia and became a Chartered Accountant while with PriceWaterhouseCoopers.
Jim Clark, Ph.D
Vice President, Exploration
Jim Clark brings 30 years of industry experience to Rare Element Resources. He has planned, organized, and conducted all aspects of project exploration and target generation work as an employee and a consultant for a variety of mining companies, including Molycorp and Hecla Mining Company. Dr. Clark has a strong field orientation with extensive supervisory and project management experience in exploration programs for industrial minerals, precious and base metals, and specialty metals. He was senior geologist, then exploration supervisor, for Hecla from 1986 -- 1992, and played a key role in identifying Rare Element Resources' current Bear Lodge REE resource and the property's underlying gold mineralization potential, now joint ventured with Newmont. Dr. Clark has extensive experience in exploration and academic studies of commodities related to alkaline igneous rocks, including REE's, Nb, and gold. He is the current owner and Chief Geologist of Applied Petrographics, a consulting company he formed in 1998 to provide petrographic and microanalytical services to the mining industry. Clients include Barrick Gold, Newmont Mining, Hecla Mining, AngloGold, and CVRD, as well as many smaller companies. He holds a Ph.D. in volcanic geology and igneous petrology from the University of Oregon, an M.S. in geological oceanography from Oregon State University, and a B.S. in geology from The Ohio State University. He is a licensed geologist in the state of Washington.
George G. Byers, M.A.
Vice President, Government and Community Relations
George Byers is a 35-year mining and energy industry veteran with extensive executive experience in federal, state and local government relations. He has worked extensively in a variety of settings including dealing with public policy issues involved with mineral exploration, project siting and development, land use and public affairs issues in the Western United States. He has been a consultant to the precious metals, rare earths, copper, and uranium industries on a variety of public and government issues. He began the Company's government and community relations initiative in the spring of 2010.
www.rareelementresources.com/i/pdf/RES_CorpProfile.pdf
PROJECTS
Rare Element Resources was specifically created to develop the Bear
Lodge rare-earth-element and gold deposits in northeast Wyoming. The US Geological Survey has studied the area extensively (USGS Prof. Paper #1049-D) and has estimated that it contains one of the largest deposit of disseminated rare-earth elements in North America. The deposit, virtually all of which is located on claims owned by Rare Element Resources, also has an association with significant nearby gold occurrences and some copper mineralization. Rare Element Resources is currently exploring for Rare Earths and Gold and results have been very good to date.
Rare Element Resources' revival and recent substantial advancement of the alkaline-igneous goldexploration model, coupled with the strong gold market, have renewed and intensified gold exploration interest in the Bear Lodge property.
Some key parameters of this gold exploration model and the similarities between Bear Lodge and Cripple Creek are as follows:
At Bear Lodge and Cripple Creek many surface rock-chip samples, collected by a variety of major companies over the last 30 years, carry gold values in excess of 1 g/t. Historically, at Bear Lodge the highest grade of these samples assayed over 14 g/t gold.
Broad areas have strong (greater than or equal to 100 parts per billion {ppb} gold) and moderate (50 to 99 ppb gold) gold anomalies in rock-chip and soil samples. (100 ppb = 0.1 ppm or 0.1 g/t)
Gold mineralization is structurally controlled and closely associated with widespread strong potassium feldspar-pyrite (+/- carbonate) alteration.
Veinlets and wall rocks contain disseminated rare-earth-element minerals, and apatite crystals have rims enriched in rare-earth elements.
Other anomalous elements that characterize mineralization in the complexes include potassium, tellurium, arsenic, antimony, molybdenum, barium, and strontium
The Bear Lodge alkaline-igneous rocks, which are dominated by phonolitic and trachytic sills, dikes, and plugs (as well as numerous related late-stage intrusions and intrusive breccia bodies), could represent the upper levels of an alkaline-igneous system similar to that exposed at Cripple Creek.
The Bear Lodge alkaline-igneous complex hosts one of the largest disseminated rare-earth elements (REE) deposits in North America (US Geological Survey Professional Paper 1049D) This deposit is naturally enriched in some of the more valuable rare-earth elements.
The rare-earth elements are the 15 lanthanide-series elements, including lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. Yttrium and scandium, although not lanthanides, are generally included with the REEs, as they often occur with the lanthanides and have similar chemical properties.
Rare Element Resources' Bear Lodge, Wyoming property contains the "light" REEs (lanthanum, cerium, praseodymium, neodymium, samarium, europium, and gadolinium). Four of these, cerium, lanthanum, neodymium, and praseodymium, listed in decreasing abundance, make up the majority of the Bear Lodge distribution, and neodymium and praseodymium are especially valuable. The Bear Lodge rare-earths are concentrated in carbonatite dikes, primarily at an area named Bull Hill, near the center of the large alkaline intrusive complex. Carbonatite bodies range in size from veinlets to dikes and approach 15 meters in width. A swarm of wide carbonatite dikes, striking northwesterly and dipping steeply to the southwest, are located beneath the southwest slope of Bull Hill. The minerals containing rare-earths within the carbonatites are mainly ancylite and bastnaesite. Drill holes penetrating Bull Hill have encountered a swarm of several closely spaced dikes and one main thick dike ranging up to 15 meters in true thickness. The dike swarm has been traced up to 300 meters along strike, and the dikes are open along strike and down dip.
Hecla Mining Company explored the Bear Lodge rare-earth mineralization in the late 1980s, focusing on a swarm of three carbonatite dikes at Bull Hill. Hecla drilled 12 core holes into the system, intercepting multiple rare-earth concentrations in nearly every hole; earlier, four holes drilled by Duval and Molycorp also had intercepted rare earths. Based on the 16 holes with rareearth intercepts completed by 1991, Hecla estimated the rare-earth-element resource to be approximately 3.9 million metric tonnes (4.3 million short tons) averaging 3.8% total rare-earth oxides. **
Rare Element Resources has continued exploring the Bull Hill carbonatite dikes with three core drill holes in 2004, two core holes in 2005, and three core holes in 2007, all encountering varying quantities of carbonatite dikes and rare-earth occurrences. The historical grades and thicknesses of rare-earth-bearing carbonatite have been verified by Rare Element Resources' recent drilling programs. Metallurgical test work has been conducted at several laboratories and a new metallurgical testing program is ongoing using samples from the 2007 drilling. One of Rare Element Resources' goals, building on the recent exploration success, is to estimate an N.I. 43-101-compliant resource of the rare-earth elements deposits.