RE: RA vs. GMA re: drill resultsTypo discovered...sorry. GMA's current share price is $3.90 and not $3.98. This mistake has been corrected in the information that follows.
Drill results from Rare Earth Metal Inc.'s Clay-Howells REE Project in Ontario vs. drill results from GMA's Montviel REE deposit
Conclusion based on current results: Rare Earth Metal Inc.'s Clay-Howells REE deposit is inferior to GMA's Montviel REE deposit.
RA
Current share price: 40 cents
Shares outstanding: 81,373,000
Market cap: $32,549,202
GMA
Current share price: $3.90
Shares outstanding: 17,915,477
Market cap: $69,870,360
RA > Clay-Howells Project, Ontario
HIGHLIGHTS
> 18 DIAMOND DRILL HOLES (5432.5 METRES) TESTED THE CARBONATITE - MAGNETITE ZONE
> 2010 DRILL HOLE ASSAY INCLUDE:
> CH-09 : 0.69% TREO / 0.12% Nb2O5 / 47.20% Fe2O3 / 76.6 METRES
> CH-17 : 0.85% TREO / 0.13% Nb2O5 / 37.76% Fe2O3 / 35.0 METRES
> CH-13 : 0.69% TREO / 0.14% Nb2O5 / 57.80% Fe2O3 / 105.3 METRES, INC 1.08% TREO / 0.14% Nb2O5 / 65.95% Fe2O3 / 16.9 METRES
Source: https://www.rareearthmetals.ca/article/clayhowells-project-117.asp
| Symbol |
Borehole |
From (m) |
To (m) |
Length (m) |
TREO% |
HREO/TREO% |
| GMA |
MVL-10-01 |
21 |
501 |
480 |
1.24 |
MHREO of up to 22% of 7.55m core length from 39m-46.55m |
| Montviel Project, Quebec |
MVL-10-03 |
21.30 |
534 |
512.7 |
1.38 |
??? |
| incl |
|
|
51.8 |
2.28 |
??? |
| MVL-11-06 |
33.35 |
519 |
485.45 |
1.44 |
??? |
| incl |
368.3 |
479.45 |
111.15 |
2.09 |
??? |