American Rare Earths Confirms Major Rare Earth Deposit at Halleck Creek project

American Rare Earths Ltd (ARR) has confirmed the presence of a major rare earth deposit through its first exploration drilling program at its Halleck Creek Project in Wyoming, USA. The company drilled 917 meters in nine holes in the larger Red Mountain and Overton Mountain areas, collecting 822 samples with core recoveries of over 99% in most holes.

High-grade XRF readings ranging from >3,000 ppm to values in excess of 20,000 ppm were observed. In addition, the company has demonstrated consistent REE enrichment over at least 100 m. American Rare Earths is planning more detailed geological mapping and geochemical sampling of the Halleck Creek property as the company explores prospects for the potential development of mineral resources.

We are very excited about what we are seeing on this world-class project as it continues to exceed our expectations," said Chris Gibbs, ARR Director, and CEO. I would like to congratulate the entire team who have worked enthusiastically and safely in Albany County to give us our first look at Halleck Creek below the surface."

"Information from these drill holes will define the regional extent of mineralization at depth as the project continues to yield positive surface sample results." Based on the massive size and grade of the deposit, Halleck Creek has the potential to be one of the largest rare earth projects in the United States.

Gibbs said, "Since acquiring this asset, we have significantly increased our exploration footprint and have identified large areas of high-grade mineralization. We now look forward to assay results, expected in late June or July, and based on preliminary data, we are already planning the next phase of work of exploring the rare earth deposit."

Rare earth elements at the Halleck Project occur in dolomites containing a range of naturally occurring rare earth elements, primarily the high-value magnetite rare earth elements neodymium, praseodymium, dysprosium, and terbium. The Halleck Creek allanite is associated with clinopyroxene quartz monzonite (CQM) rocks which generally contain the highest rare earth grades.

The results of 118 surface samples returned late last month prompted ARR to claim an additional 1,191 hectares prior to the completion of the initial drilling campaign. This brings the Halleck Creek Project to 2,449 hectares and ARR's total exploration acreage in the U.S. to 5,260 hectares.

The assays generated by the handheld XRF show that the REO content reports only 4 of the 14 rare earths they may contain, as these 14 lanthanides consistently occur together in natural deposits. The highest grade sample is more than three times the value of the highest grade sample previously collected on the Halleck Creek project.

This value was extracted from the dolomite veins observed in the core and does not reflect the mineralization of the entire core. If the laboratory results match the XRF field results, ARR will conduct the first drilling of a rare earth deposit on the Halleck Creek project, which is currently being planned by American Rare Earths.

• < Prev
• Next >