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- American Rare Earths (ARR) gets “highly promising” results from recent surface sampling at the Halleck Creek rare earth project in Wyoming
- Results come from surface sampling at the newly staked Bluegrass claim which is one of three areas that form the broader Halleck Creek project
- Assays include total rare earth oxides averaging 3051 ppm, magnet rare earth oxides averaging 812 ppm and light rare earth elements averaging 2738 ppm
- The company says the rare earth mineralisation has potential to expand beyond the current resource and will review results to grow the exploration target
- ARR shares are up eight per cent to trade at 27 cents at 12:27 pm AEST
American Rare Earths (ARR) has received “highly promising” results from recent surface sampling at the Halleck Creek rare earth project in Wyoming.
The latest results come from the newly staked “Bluegrass” claim and reportedly indicate consistent rare earth mineralisation throughout the project area.
Bluegrass is one of three areas that form the Halleck Creek project with the other two being the Red Mountain and Overton Mountain areas. Bluegrass comprises 32 unpatented federal claims covering 256 hectares.
Results come from 71 new surface samples which returned total rare earth oxide (TREO) values averaging 3051 parts per million (ppm) and peaking at 5065 ppm TREO.
Additionally, samples returned magnet rare earth oxides (MREO) averaging 812 ppm and peaking at 1353 ppm, and light rare earth elements (LREEs) averaged 2738 ppm and peaked at 4604 ppm.
The company said these results are consistent with existing ones from the Red Mountain and Overton Mountain areas.
Managing Director and CEO Chris Gibbs said the Halleck Creek project has continued to exceed the company’s expectations.
“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,” he said.
“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.”
American Rare Earths said the results demonstrate the mineralisation has potential to expand beyond the current resource and will review results to grow the exploration target.
The Halleck Creek Project currently has an exploration target of 308 to 385 million tonnes of rare earth mineralised rocks.
ARR shares were up eight per cent to trade at 27 cents at 12:27 pm AEST.
