Tuesday, February 19, 2013

Namibia Rare Earths Inc - NRE.t

Namibia Rare Earths Inc - NRE.t is advancing the flagship Lofdal Rare Earth Project in Namibia.

The Lofdal Rare Earth Project comprises a 200 km² carbonatite complex with exceptional heavy rare earth-enrichment (>80%).

On February 7, 2013 the company reported NEWS

"Namibia Rare Earths Inc. has intersected two new mineralized zones by exploration drilling in area 6 and one new zone in area 5 at the company's Lofdal rare-earth project in northwestern Namibia. This brings the total number of discoveries at Lofdal to 17 over a two-year period, one of which has been drilled into a 43-101-compliant resource at area 4. Rare-earth mineralization occurs in these new zones over very broad widths grading 0.2 per cent to 0.7 per cent total-rare-earth oxides, with moderate levels of heavy-rare-earth enrichment (10 per cent to 25 per cent). Highlights include:"