Wednesday 14th November 2018

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Rare Element reports Wyoming Gold Assays up to 0.67 g/t over 137.2m

Rare Element Resources Ltd RES:CA announced results from the Taylor target of its Sundance Gold Project in Wyoming. Assays include 0.56 g/t gold over 71.6 metres, 0.74 g/t over 6.1 metres, 0.67 g/t over 137.2 metres, 0.59 g/t over 192.1 metres and 0.42 g/t over 64 metres.

Exploration Manager John Ray said, “Higher grade gold zones seen in drill holes SUN-089 and SUN-090 attest that higher-grade gold zones are present in the Taylor system, and the interpreted continuity of these zones will be used as vectors to further define their extent. An untested CSAMT resistivity anomaly west of the known gold mineralization at Taylor could represent the roots of a second satellite shoot of gold mineralization. Another key result from this year’s program is the interpretation of the ‘hovering’ aspect of plume-like portions of both the Taylor and Carbon gold systems, where deeper intersections in drill holes can be in barren rock underlying anomalous gold at shallower depths within the plume.”

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Donald E. Ranta

by Ted Niles

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