- American Rare Earths (ARR) extends a rare earth zone by 50 per cent at its Halleck Creek project in the Red Mountain area of Wyoming
- The company has received sampling results from 10 holes that confirmed “enriched” rare earth element mineralisation at depths of 150 metres
- Assays included a peak value of 8359 parts per million total rare earth oxides, and mineralisation remains open at depth
- The company is now waiting on waiting on assays for eight holes within the Red Mountain area and 20 holes from the Overton Mountain project area
- ARR shares are trading 1.67 per cent higher at 30.5 cents at 11:44 am AEDT
American Rare Earths (ARR) has extended a rare earth mineralised zone by 50 per cent at its Halleck Creek project in the Red Mountain area of Wyoming.
The company has received results for almost 1000 samples taken from 10 reverse circulation (RC) holes.
The assays have confirmed “enriched” rare earth element (REE) mineralisation at depths of 150 metres, which is a 50 per cent increase on previous results.
Amongst the results include values of up to 8359 parts per million (ppm) total rare earth oxide (TREO). Additional results include averages of 3958 ppm TREO over 148.5 metres and 4394 ppm TREO over 120 metres.
CEO and Managing Director Chris Gibbs said the results were “outstanding”, especially given mineralisation remained open at depth.
“These results further enhance our belief that the Halleck Creek district is one of the largest rare earth deposits on a global scale and shaping up to be a key strategic project for the US,” he said.
American Rare Earths is waiting on assays for another eight holes within Red Mountain and a further 20 holes from the Overton Mountain project area.
ARR shares were trading 1.67 per cent higher at 30.5 cents at 11:44 am AEDT.