American Rare Earths (ASX: ARR) has confirmed the rare earths potential with final assay results for the 38 drill hole programme completed recently at its Halleck Creek Rare Earths project in Wyoming, USA.
The new assays also confirm rare earth mineralization extending from surface to new depths at the Overton Mountain area. Importantly, the successful drill programme has demonstrated consistent rare earths grades throughout both the Overton Mountain and Red Mountain areas. The deposit remains open.
Highlights
• Final assays received confirm rare earth mineralization at both the Red Mountain and Overton Mountain areas within the Halleck Creek District Wyoming
• Surface grades from previous sampling shown now to be consistent at depth
• This is important as the area drilled is only 25% of the total area sampled to date
• The company is on target to release its maiden JORC Resource at the end of March 2023
“These results confirm American Rare Earths has discovered a strategically significant rare earth deposit in the USA at Halleck Creek.” said Chris Gibbs, Managing Director.
“The consistency of Total Rare Earth Oxide (TREO) grades at increased depth is perhaps the most significant element of the results thus far, considering the small area of the project drilled to date and the consistency of surface samples across the entire project area.”
The Company’s dedicated team is now diligently working toward releasing a maiden JORC resource by the end of March 2023 to conclude a very busy first quarter of the calendar year.
The deposit covers over 10sq. km and is potentially the largest rare earth deposit in North America.
For further information please visit: https://americanrareearths.com.au/
