American Rare Earths' La Paz Project Demonstrates Further Rare Earth Potential

American Rare Earths Ltd (ARR) has further demonstrated the potential of rare earths following an extensive geological mapping and surface geological sampling program at its flagship La Paz project in Arizona, USA. The company has received good assay results from recent field geochemical samples and continues to support further exploration activities at La Paz.

ARR's geologists are conducting further detailed geological mapping and geochemical sampling in conjunction with the current exploration drilling program aimed at expanding the resources at the La Paz Southwest Zone.

ARR General Manager Chris Gibbs said: "The La Pa project continues to exceed our expectations and is on track to become one of the largest rare earth projects in North America. We are currently drilling in the southwest portion of the project and our exploration target is to add approximately 742-928 million tonnes to the JORC-compliant 170.6 million tonnes resource. The assay results from the December 2021 field visit indicate that we should also expand the northeast portion of the project."

In December 2021, ARR conducted a geological mapping and surface geochemical sampling program throughout the ARR claims at La Paz project. This mapping allowed ARR geologists to better define the extent of the rare earth-bearing rock outcrops throughout the LPRE area.

Specifically, it provides additional insight into the observed deposition and correlation between rock units. 208 rock samples and 143 soil samples were collected at La Paz by ARR's geochemical surface sampling program.

Geochemical data indicate elevated values of total rare earth oxides (TREO) in amphibolite and metamorphic granitic gneiss lithologies. The Company's geologists compiled the assay results to enhance ARR's broader geological knowledge of the area, highlight the higher rare-earth content, and provide direction for additional exploration.

TREO assays for 208 rock samples ranged from 33 to 823 parts per million (ppm), with an average of 280 ppm. although extensive, the mapping and sampling results provide ARR with key areas for further exploration and development.

American Rare Earths submitted a Geologic Field Operations Plan (GFOP) to the Arizona State Land Department (ASLD) that outlines a drilling program for approximately 36 drill sites in the La Paz NE resource area. The plan calls for an extensive environmental and cultural study of 242.8 hectares (600 acres) of the country with lots.

When the GFOP permit is approved, exploration drilling will allow ARR to update the resource estimate for the northeast La Paz project and gather basic data for a conceptual mine design.

Gibbs added, " American Rare Earths has applied to the Arizona Department of State Lands for an additional 36 drill sites. The sheer size of this program continues to grow. I look forward to receiving core assay results from our current drilling program and continuing to expand our exploration efforts in these new areas."

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