Halleck Creek 2023 Exploration Update, Field Mapping and Sampling Initiatives
03 Octubre 2023 - 8:03AM
(ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) |
FSE:1BHA) (ARR or the Company) today announced an update on autumn
exploration drilling and completion of significant mapping and
sampling work at Halleck Creek, through which the Company has
identified potential for a much larger, higher-grade resource.
The Company, which had previously focused on the Red Mountain
and Overton claims2, identified the future potential in the
surrounding claims of Bluegrass, Sommers Flat, Trail Creek and
County Line areas, as shown in Exhibit 2 to this release.
Geologists were able to tightly constrain important contacts and
boundaries between the REE enriched material and surrounding rocks.
Through GPS-confirmed geology, staff geologists are optimizing
future drillhole locations, JORC exploration target(s) and
placement of conceptual mine- layout/facilities.
In addition, the summer drilling program identified mineable
areas with more than 5,000 ppm TREO, which was a higher grade than
revealed through previous drilling programs.
“Our summer drilling program was successful, as the team has now
confirmed the presence of rare earth mineralization across a
broader area, and at a higher grade, than had previously been
known,” said Donald Swartz, Chief Executive Officer of American
Rare Earths. “While more work needs to be done to confirm the
presence of these claims at depth and across the entirety of our
land holdings, we are encouraged by these results as we continue to
establish the Halleck Creek property as potentially the largest US
mining play for rare earths.”
This announcement has been authorized for release by the CEO of
American Rare Earths.
Competent Persons
Statement:
This work was reviewed and approved for release
by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) who
is employed by American Rare Earths and has sufficient experience
which is relevant to the style of mineralization and type of
deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person, as defined in the
2012 JORC Code. Mr. Kinnes consents to the inclusion in the report
of the matters based upon the information in the form and context
in which it appears.
About American Rare Earths
Limited:
American Rare Earths (ASX: ARR | ADRs - OTCQX:
AMRRY | Common Shares - OTCQB: ARRNF| FSE:1BHA) owns the Halleck
Creek, WY and La Paz, AZ rare earth deposits which have the
potential to become the largest and most sustainable rare earth
projects in North America. American Rare Earths is developing
environmentally friendly and cost-effective extraction and
processing methods to meet the rapidly increasing demand for
resources essential to the clean energy transition and US national
security. The Company continues to evaluate other exploration
opportunities and is collaborating with US Government-supported
R&D to develop efficient processing and separation techniques
of rare earth elements to help ensure a renewable future.
Head OfficeAmerican Rare Earths
Ltd1658 Cole Blvd, Suite G30Lakewood, CO,
80401info@americanrareearths.com.auamericanrareearths.com.au
For media inquiries, please contact: Susan Assadi,
sassadi@AmericanREE.com347 977 7125
- ASX announcement - 8 September 2023
- ASX announcement – 29 June 2023
To see the full JORC Table link here.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5a160f8c-ebcc-4294-91af-40ddb7609e83
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