The latest assay results from American Rare Earths (ASX:ARR) Halleck Creek project in Wyoming have extended the rare earths zone by 50%. The project already has a globally significant exploration target of 1.01-1.27 billion tonnes and now has strong potential to expand.
Highlights:
- Mineralization confirmed at depths of 150m, a 50% increase on previous drill assays, with mineralization remaining open at depth.
- Assays confirm Total Rare Earth Oxide (TREO) values up to 8,359ppm.
- High-value magnetic rare earths comprise 27% of deposit
- Low levels of penalty elements thorium and uranium continue to be seen.
- The results bring the company a step closer to defining a major JORC resource.
- The results also further enhance ARR’s belief that the Halleck Creek district is one of the largest rare earth deposits globally, with potential to be a key strategic project for the US.
The 10 RC holes all reside in the Red Mountain project area at the Halleck Creek district. The assay results confirm enriched rare earth mineralization to a depth of 150m and brings the company a step closer to defining a substantial maiden JORC resource.
ARR awaits the results for eight additional holes in the Red Mountain project area and 20 holes in the Overton Mountain project area. ALS laboratories in Vancouver, British Columbia performed the analysis.
CEO and Managing Director Chris Gibbs said that the initial assay results confirm consistent rare earth mineralization from surface to depths of 150m, an increase of 50%.
“These are outstanding results as previous core drilling had confirmed mineralization to only 100m. Just as importantly, mineralization is open at depth. These results further enhance our belief that the Halleck Creek district is one of the largest, rare earth deposits on a global scale and shaping up to be a key strategic project for the United States.
“We are looking forward to receiving further drill assay results and in addition, updating the market on metallurgical test work also currently in progress.”
For further information please visit: https://americanrareearths.com.au/
