American Rare Earths’ (ASX:ARR) confidence in the potential of the Halleck Creek rare earths project in Albany County, Wyoming, USA grows following the successful completion of a 38-hole, 5,726m drilling programme.
The company said the drilling programme brings it closer to defining a substantial maiden JORC resource. In this campaign the company drilled to a depth of 150m.
The JORC compliant Exploration Target estimate previously disclosed to market in September 2022 outlined between 1.01 and 1.27 Billion Tonnes of Rare Earth mineralised rocks with TREO grades ranging between 2,245 ppm and 2,807
Managing Director and CEO, Chris Gibbs, said the drilling confirms the Rare Earth Elements (REE) containing geological structure is significantly larger than previously thought. “Geological data shows significant consistent REE mineralisation across the observed samples, with the massive deposit remaining open at depth and likely continuing east into the company’s adjoining Bluegrass prospect,” he said.
“We have a major deposit here, the size scale and consistency of the resource we are observing is similar to large-scale, long-life copper / gold porphyry mines which are common throughout the Western United States.
“The exploration target of over a billion tonnes is now being authenticated based on this drilling programme. The drill results together with the positive metallurgical studies amplify the significant value of Halleck Creek’s potential as a key domestic US rare earth supplier.”
The company is awaiting assay results to finalise a maiden JORC resource estimate, which it plans on releasing in Q1 2023.
For further information please visit: https://americanrareearths.com.au/