- American Rare Earths (ARR) receives significant results from the La Paz Rare Earths Project in Arizona
- A nine-hole drilling program has shown rare earth element mineralisation occurs at a depth four times deeper than previous depths
- Results show an average total rare earth element grade of around 398 parts per million (ppm) scandium — an increase from the previous 372ppm average
- The latest results also point to a potential new ore body discovery up to seven kilometres southwest of the maiden resource area
- American Rare Earths believes there’s an opportunity to upgrade the indicated and inferred resource estimates by undertaking further drilling
- Company shares are up 2.56 per cent and were trading at 8 cents
American Rare Earths (ARR) has announced significant drilling results from the La Paz Rare Earths Project in Arizona.
ARR’s wholly owned subsidiary, Western Rare Earths, completed a nine-hole aircore drilling program at the project back in March. Of these, six were drilled as twins of percussion holes drilled in 2011. The other three aimed to test an undrilled southwest portion of the claim block.
The results exceeded ARR’s expectations on a number of fronts. Mineralisation was found at depths of up to 122 metres which is four times deeper than previously drilled depths.
Further, the results show an increase in grades of certain rare earth elements such as magnetic and heavy rare earths. The average total rare earth element (TREE) grade in this data is around 398 parts per million (ppm) scandium compared to 372ppm in the 2011 percussion holes.
The latest results also identified a potential new ore body discovery about four to seven kilometres southwest of the maiden resource area.
Overall, the company believes there’s an opportunity to significantly upgrade the indicated and inferred resource estimates by undertaking further drilling.
Company shares were up 2.56 per cent and were trading at 8 cents at 10:43 am AEST.