03:39 PM EST - Namibia Rare Earths Inc. : reported that the planned resource drilling program in Area 4 on the Lofdal Rare Earth Project in northwestern Namibia was completed last month. These latest drill holes are confirming the continuity of the heavy rare earth enriched mineralization with similar grades and widths to previously reported results from Area 4 as well as the potential of the deposit to continue at depth. Drill intercepts from today's release are highlighted by an intercept of 11 meters of 1.40% total rare earth oxides with 96.1% heavy rare earth enrichment. Results from 13 holes remain outstanding which are expected by the end of June. The majority of the remaining holes represent deeper step back holes targeting the zone at vertical depths of between 100 and 250 metres. Namibia Rare Earths Inc.
shares T.NRE are trading unchanged at $0.32.
