Texas Rare Earth Resources Announces Initiation of Stream Sediment Sampling Program
HOUSTON, April 11, 2011 /PRNewswire/ — Texas Rare Earth Resources Corp (OTCQB: TRER) announced today it has begun a stream sediment sampling program at its Round Top Mountain rare earth-beryllium-uranium project in Hudspeth County, Texas which also includes niobium, tantalum and gallium. The objective is to determine if the geochemical signatures from the stream sediments can be used to identify areas of higher grade in the massive rhyolite.
To date, a total of fourteen first order streams from the radial drainages off Round Top and Little Round Top Mountains were sampled. The company has received the results for the first three of the samples, the rest are still being processed. The first analyses show variation considerably above the average value of the rhyolite and heavy rare earth element (HREE) percentages of up to 90% in the coarse fractions of two of these samples.
Stanley Korzeb, VP of Exploration for Texas Rare Earths stated: “These preliminary results are encouraging and we will continue with the program and complete the stream sediment program for all the drainages on Round Top and Little Round Top.”
This press release may contain forward-looking statements about the business, financial condition and prospects of the Company. Forward-looking statements, can be identified by the use of forward looking terminology such as “believes,” “projects,” “expects,” “may,” “goal,” “estimates,” “should,” “likelihood,” “plans,” “targets,” “intends,” “could,” or “anticipates,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Forward looking statements in this press release include, without limitation, the Company’s determination of whether geochemical signatures from the stream sediments can be used to identify areas of higher grade in the massive rhyolite. These statements are made to provide the public with management’s current assessment of the Company’s business. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, there can be no assurances that such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained in this press release speak only as of the date of this press release and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this press release.
About Texas Rare Earth
Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth-uranium-beryllium and affiliated strategic minerals project. Texas Rare Earth’s common stock trades on the OTCQB Market tier under the symbol TRER.
For Further Information please contact:
Daniel Gorski-CEO: Texas Rare Earth Resources Corp
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SOURCE Texas Rare Earth Resources Corp.