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- American Rare Earths (ARR) has completed exploration drilling at the La Paz SW exploration area of its La Paz Rare Earth Project in Arizona
- The Sydney-based company drilled 821 metres and collected 677 samples from nine holes with no safety or environmental incidents or accidents
- The nine core holes were drilled at eight locations with chip samples collected and sent for analysis
- The holes provide additional geological data across the La Paz SW area and provide insight into alteration types
- American Rare Earths finished trading yesterday at $0.38 per share
American Rare Earths (ARR) has completed exploration drilling at the La Paz SW exploration area of its La Paz Rare Earth Project in Arizona.
The Sydney-based company drilled 821 metres and collected 677 samples from nine holes with no safety or environmental incidents or accidents.
The nine new core holes provide additional geological data across the La Paz SW area,
and provide insight into alteration types and TREO mineralisation.
The drilling campaign was targeting a further 700 to 900 million tonnes at the 170.6 million tonne resource.
The initial La Paz SW exploration drilling program began on February 6, and
wrapped up on April 6.
“The information from these drill holes fulfils our primary exploration objective in establishing a foundation of geological data across the new Southwest area of the La Paz Project. Our team will use the data collected to update our interpretations, guide our next exploration phase, and work towards expanding the resource at this exciting project,” CEO and Managing Director Chris Gibbs said.
“We’re looking forward to the assay results and currently planning our next phase of
work.”
American Rare Earths finished trading yesterday at $0.38 per share.
