American Rare Earths (ASX:ARR) confirms major rare earths deposit at Halleck Creek
- American Rare Earths (ARR) confirms a major rare earths deposit at the Halleck Creek Rare Earths Project in the US state of Wyoming
- The deposit was confirmed under the company’s maiden drilling program, which was undertaken to follow up previous samples of high-grade rare earth elements
- Samples are now undergoing lab analysis and, should these match the XRF field assays, ARR will begin drilling towards a maiden resource for Halleck
- ARR is now in the process of planning further detailed geological mapping and geochemical sampling over the project with work expected to start this month
- Shares in ARR are up 2.63 per cent on the market and are trading at 39 cents
American Rare Earths (ARR) has confirmed a major rare earths deposit at the Halleck Creek Rare Earths Project in the US state of Wyoming.
The deposit was confirmed under the company’s maiden drilling program, which began in mid-March, to follow up previous samples which returned high-grade rare earth element mineralisation.
A total of 917 metres was drilled and 822 samples were collected from nine holes across the Red Mountain and Overton Mountain zones within the Red Mountain Pluton. Three of the holes showed the Red Mountain Pluton is relatively homogenous, with the mineralisation extending to a depth of at least 100 metres.
As a result, it is expected the core from these three holes will be rich in rare earth elements (REEs). Notably, core recovery from the majority of the holes exceeded 99 per cent, and some XRF generated assays were more than triple the previous best samples.