Australian company American Rare Earths (ASX:ARR) is continuing its run of success in the US critical minerals sector following assay results from the newly claimed Bluegrass area at its Halleck Creek project in Wyoming.
Highlights:
- Assay results from newly staked claim area Bluegrass indicate consistent rare earth mineralisation throughout the expanded Halleck Creek project and demonstrate significant upside potential well beyond the current exploration target.
- The highest observed Total Rare Earth Oxides (TREO) from the 71 new surface samples was 5,065 ppm.
- Average Total Rare Earth Oxides (TREO) was 3051 ppm and average Magnet Rare Earth Oxides (MREO) was 812 ppm, with the high value MREO 27% of TREO.
- The results also showed very low levels of penalty elements thorium and uranium, consistent with results from across the Company’s other exploration areas.
- Activities are underway to expand existing exploration target and commence resource drilling for a maiden JORC resource.
The Bluegrass Area
The newly claimed Bluegrass area consists of 32 unpatented federal load claims covering approximately 633 acres (256 ha).
The Bluegrass area is one of three areas that form the Halleck Creek Project alongside existing claims for the Red Mountain and Overton Mountain areas.
It is located approximately two miles Northeast of the Red Mountain area and one mile East of the Overton Mountain area. Surface samples collected in the Bluegrass area exhibit an average TREO value of 3051 ppm.
All samples were collected from the same lithology, clinopyroxene quartz monzonite (CQM) within the Red Mountain Pluton (RMP). This is the same lithotype that occurs within the Overton Mountain and Red Mountain Areas.
These latest assays from Bluegrass demonstrate that Rare Earth Elements (REE) mineralisation is likely to expand significantly beyond the current resource target and that rare earth mineralisation may be prevalent throughout the majority of the Red Mountain Pluton (RMP).
“Halleck Creek continues to exceed our expectations,” MD and CEO Chris Gibbs said.
“These are very exciting results for the Company coming soon after the highly encouraging drill results from the maiden drill program completed at Halleck Creek earlier this year.
“The project continues to grow and these results demonstrate the potential of Halleck Creek to become one of the major, large scale, rare-earth mines in North America.”
For further information please visit: https://americanrareearths.com.au/
