Texas Rare Earth Resources has said that it is currently in the process of analyzing samples from approximately 82,000ft of drilling completed in 1986-1987 at Round Top Mountain and surrounding areas in Hudspeth County, Texas by Cyprus Minerals and Cabot Corporation.

The project was carried out to explore and develop beryllium mineralization at the lower contact of a large rhyolite body with the underlying limestones.

At the time of the drilling, neither rare earth nor uranium content was analyzed.

The complete set of samples presents the opportunity for Texas Rare Earth to explore the deposit without incurring drilling expense.

Texas Rare Earth has received partial results from two drill holes, RT334 and RT335, which penetrated significant thicknesses of rhyolite and tested the underlying sediments.

RT334 from 10ft to 380ft contained .603 kilograms/metric ton of combined rare earth oxides and .583 kilograms/metric ton of combined niobium and tantalum oxides.

The proportion of the heavy rare earth (Tb through Y) elements of this section of rhyolite was approximately 71%.

Values were uniform throughout the thickness of the rhyolite. At the contact of the rhyolite and the sediments from 380ft to 382.5ft, uranium was >.1% (precise values pending) and from 382.5ft to 385ft, uranium was .049%.

RT335 from 0 to 385ft averaged .633 kilograms/metric ton combined rare earth with .60 kilograms/metric ton of combined niobium and tantalum oxide.

The proportion of the heavy rare earth (Tb through Y) elements of this section of rhyolite also was 71%.

Results from these drill holes appear consistent with the values reported by the Texas Bureau of Economic Geology in 1990.