American Rare Earths sets sights on significant Mineral Resource Estimate
The latest assay results from American Rare Earths’ Halleck Creek project have confirmed the extension of the rare earths zone by 50%, bringing the company a step closer to defining a substantial maiden JORC resource this Quarter.
The results for 998 samples from 10 holes American Rare Earths (ASX: ARR) punched into the Wyoming project prove there’s enriched rare earth mineralisation at depths of 150m, a 50% increase on previous drill assays.
And there’s still potential for more growth as mineralisation remains open at depth. The project already has a globally significant exploration target of 1.01-1.27 billion tonnes of rare earth mineralised rocks.
“These are outstanding results as previous core drilling had confirmed mineralisation to only 100m. Just as importantly, mineralisation is 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. It’s also shaping up to be a key strategic project for the US as it seeks to develop its own critical minerals supply chain to resource the renewable future and reduce dependence on China.”
