Final drill assay from American Rare Earth LimitedHalleck Creek shows rare earth mineralization across a spectacular 10 square kilometers as the company works to release the project’s first resource estimate by the end of this quarter.

New analysis from 38 drill hole programs confirms that total rare earth oxide (TREO) grades are consistent throughout the Overton Mountain and Red Mountain areas to depths up to 150 m below the surface. They also show rare earth mineralization extending from the surface to new depths in the Mount Overton region.

Two boreholes are of particular importance to American Rare Earth (ASX:ARR). This suggests continued mineralization within the Overton and Red Mountain regions towards the Bluegrass region east of the 3,304 ha Wyoming project.

Importantly, only 25% of the total area of ​​the project has been sampled so far, and the deposit is still open.

This will give ARR additional confidence in projects that already have exploration targets of global significance. 1.01 to 1.27 billion tons of rare earth mineralized rocks.

Managing Director Chris Gibbs said: This deposit, he said, is over 10 square kilometers and may be the largest rare earth deposit in North America.

“Given the small area of ​​the project drilled to date and the consistency of surface samples across the project area, the consistency of total rare earth oxide (TREO) grades with increasing depth is probably better than ever. It’s the most important factor in the outcome.”

rare advantage

In another significant improvement in project costs and ESG profiles, the latest analysis shows that average levels of the penalty elements thorium and uranium remain very low in major rare earth projects.

The latest metallurgical trials, completed in February, demonstrate a simple, inexpensive and environmentally friendly process to produce rare earth concentrates, high value magnet rare earth element Neodymium and Praseodymium. The latest minimum measurements of radioactive elements further support the ongoing and very promising testing work.

Radioactive elements in the ore are almost negligible, so the Australian-based company A leading R&D partner Develop a sustainable rare earth supply chain in the United States, including the U.S. Department of Energy’s Innovation Hub, Critical Minerals Institute, and Critical Materials Institute.

good news quarter

The company is now focused on launching its first JORC resource by the end of March 2023 to wrap up a very busy first quarter on the calendar.

This includes a previous series of assays released last month showing high rare earth grades to depths of 175.5m below the surface. This is 75.5% more than the 100m depth drilled during the first drilling campaign last year.

It is also very encouraging that the assay revealed that 27% of the rare earth mineralization contains rare earth elements that are essential for magnets. Transition to clean energy.

And early last month an ARR was filed 118 new mining claims It covers 855ha of district.

With the addition of County Line claims, ARR provided uninterrupted management of federal claims and state mining leases over seven separate territories spanning 8kmx8km.

While ARR’s current focus is on the Haleck Creek JORC resource, it also looks forward to further exploration in new areas within this major rare earth region.

Meanwhile, in Arizona, the company is progressing with the La Paz Project, with a current JORC resource estimate of 170MT, and drilling targeting 742-928MT of rare earth mineralized rock to establish the JORC resource in the SW area. are doing

This article was produced in collaboration with Stockhead advertiser American Rare Earths at the time of publication.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.