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Rare Earth Metals Inc

03:57 PM EST - Rare Earth Metals Inc : gave an update on its projects. A number of samples of drill core from the two main zones at Two Tom and Mann #1 have been sent out for mineralogy studies and these results are expected during the first quarter of 2011. The Two Tom prospect was drill tested and trenched over a strike length of 1,100 meters. A total of 11 holes were completed and the best result from the drilling at Two Tom was in hole TT-10 which assayed 1.45% TREO, 0.14% Nb2O5 and 0.14% BeO over 83.25 metres within a larger zone of mineralization which assayed 1.03% TREO, 0.10% Nb2O5 and 0.11% BeO over 168.5 metres. Rare Earth Metals Inc shares V.RA are trading up $0.005 at $0.38.