Australian-based American Rare Earths (ASX:ARR) has increased its 100% owned Halleck Creek project’s rare earths exploration target in Arizona by 328%.
Highlights:
- Halleck Creek Project’s exploration target has more than tripled to 1.01 and 1.27 billion tonnes of rare earth mineralised rocks.
- Globally, very few rare earths resource estimates exceed one billion tonnes of rare earth metal oxide content.
- The vastly expanded exploration target for the Wyoming project is another confirmation that Halleck Creek, along with the company’s La Paz project, have potential to be one of the largest rare earths projects in North America.
- Included in the resource estimate is 692,000 to 865,000 tonnes of the high value Magnetic Rare Earth Oxides (MREO), including neodymium (Nd) and praseodymium (Pr) oxides.
- ARR is now working towards starting a reverse circulation drilling programme to define a significant JORC maiden resource as soon as feasible.
“The Halleck Creek project is shaping up to become a world class asset,” Managing Director and CEO, Chris Gibbs, said.
“The maiden drill campaign was a resounding success, and the new exploration target is massive. Assay results exceeded our expectations with consistent Rare Earth mineralisation observed throughout the deposit.
“We continue to expand the project footprint and the deposit remains open at depth and laterally. We are looking forward to advancing this project and continue increasing shareholder value.”
Next Steps
Completing the drilling campaign at Halleck Creek will be the focus of the company’s operational personnel in the near term.
The data collected from this drilling will be used to prepare our first detailed geological models of the area and then define the maiden JORC resource in Q1 2023.
The company has initiated metallurgy test work for Halleck Creek ore with Wood and Nagrom in Western Australia.
For further information please visit: https://americanrareearths.com.au/
