StockMarketWire.com – Rare Earth Minerals has provided an update on the diamond drill programme underway at the El Sauz – Fleur lithium concessions in Northern Mexico, and under joint venture with Bacanora Minerals Ltd.

The first diamond drill hole (ES-01) has been completed and the second hole (ES-02) is being drilled. The program contemplates 2,500 m of drilling in 10 holes.

The first hole was drilled 300 m southeast of and on strike with the La Ventana lithium deposit; the second hole is 1,250 m southeast and also on strike with the La Ventana lithium deposit.

The intersections in the first hole encountered a 44 m length of upper clay and a 24 m length of lower clay (Table 1), which is estimated to be equivalent to true thicknesses of 41.4 m and 22.6 m for the upper and lower clay units respectively. These intervals correlate well with the thicknesses of clay units found on La Ventana. The second hole has encountered the upper clay unit and at the time of writing is still in this unit.

The results of the first two holes successfully demonstrate continuity of the clay units of the La Ventana lithium deposit onto the Fleur concession. Analytical results from drill core samples taken across the clay units are expected within the next 3 to 4 weeks. Next drill holes will test continuity onto the El Sauz concession where the clay units are exposed at surface.