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Drilling is expected to begin by mid-summer; road and site preparations are already in progress. In addition, Texas Rare Earth has contracted Aeroquest Airborne to conduct an aerial survey of Round Top Mountain, which is scheduled for July.
Drilling on Round Top Mountain is planned to twin certain of the historic drill holes, infill drill between existing holes and step out drill beyond the known area to better define the margins of the deposit. Coverage is planned to be adequate to begin block modeling of the deposit. The company is siting several holes on adjacent Little Round Top Mountain, and several holes are planned to test the deeper potential. The company expects to produce at least 150 tons of sample from this drilling, all of which will be packaged and used for metallurgical testing.
“The approval of our exploration plan by the Texas General Land Office is a major step forward in our efforts to prove out, delineate and ultimately advance to production our very unique heavy rare earth metals project,” said Marc Le Vier, CEO of Texas Rare Earth Resources. “This enables us to implement the exploration program of aerial surveys and drilling at Round Top Mountain. Materials from the reverse circulation drilling will enhance our knowledge and definition of the Round Top Project while providing samples that are required in order to determine the analytical, mineralogical and metallurgical characteristics of this rare earth deposit.”
For additional details, visit www.texasrareearth.com.