American Rare Earths Limited (ASX: ARR) has obtained highly promising assay results from recent exploration drilling in the Halleck Creek Rare Earth project in Wyoming, USA.
These results are from the final five of nine holes drilled at Halleck Creek in 2022. These results compliment the preliminary results obtained from the first four holes previously .
During the period from March to April 2022 the company drilled nine holes for 917 m and collected 650 core samples. The assay results (from 382 samples) taken from five core holes demonstrate consistent rare earth mineralisation associated with clinopyroxene quartz monzonite (CQM) rocks of the Red Mountain Pluton (RMP).
MD and CEO, Chris Gibbs, said the company is now well progressed in planning for an exploration drilling campaign in calendar year 2022 to define a maiden JORC resource at Halleck Creek.
“With the results from the March to April 2022 drill programme now received it is clear there is enormous size, scale and consistent grades of rare earth elements at this project,” Mr Gibbs said.
“These results support the preliminary assays received in June, that the deposit is consistent in grade, and has negligible penalty elements such as Uranium and Thorium.
“These results further enhance our belief that the Halleck Creek Project could be one of the largest, rare earth deposits in North America. The successful maiden drill campaign has also seen significantly higher grade at deeper levels than estimated in the Halleck Creek Exploration Target.
“Our focus in the near term is to upgrade the Exploration Target for this project, fast track our drilling efforts and establish a significant JORC resource as soon as reasonably practicable.”
Next Steps
The company will update the market with a full technical report once prepared on the assay results from the maiden drilling campaign.
Next steps include updating the existing Exploration Target and developing a more comprehensive drilling programme with the objective of defining a high tonnage maiden JORC resource.
For further information please visit: https://americanrareearths.com.au/
