American Rare Earths (ASX:ARR) has received ‘highly promising’ assay results from recent surface sampling of newly claimed areas at the Halleck Creek Rare Earth project in Wyoming, US.
These latest assays from Bluegrass demonstrate that rare earth elements (REE) mineralisation is likely to expand ‘significantly’ beyond the current resource target and that rare earth mineralisation may be prevalent throughout the majority of the Red Mountain Pluton (RMP).
The newly claimed Bluegrass area consists of 32 unpatented federal load claims covering about 633 acres (256ha).
American Rare Earths reports that the Bluegrass area is one of three areas that form the Halleck Creek Project alongside existing claims for the Red Mountain and Overton Mountain areas. It is located about 2 miles Northeast of the Red Mountain area and 1 mile East of the Overton Mountain area.
Surface samples collected in the Bluegrass area exhibit an average Total Rare Earth Oxides (TREO) value of 3051ppm. All samples were collected from the same lithology, clinopyroxene quartz monzonite (CQM) within the RMP.
The company notes this is the same lithotype that occurs within the Overton Mountain and Red Mountain Areas.
Commenting on the results, Chief Executive Officer Chris Gibbs said: “Halleck Creek continues to exceed our expectations.
“Halleck Creek continues to exceed our expectations”
These are very exciting results for the company coming soon after the highly encouraging drill results from the maiden drill program completed at Halleck Creek earlier this year.
The project continues to grow and these results demonstrate the potential of Halleck Creek to become one of the major, large scale, rare-earth mines in North America.”
Company geologists continue mapping and sampling across the full extent of claim areas. This will be completed throughout the remainder of the northern summer 2022.
The ‘vast’ Halleck Creek Project is made up three major connected resource areas, Red Mountain, Overton Mountain, and the newly claimed Bluegrass.
The project claims for the Halleck Creek Rare Earths Project comprises 257 claims / licences over 6,052 acres or 2,449ha, all of which are in Laramie County, in the mining friendly State of Wyoming. Halleck Creek currently has an exploration target of about 308-385 million tonnes of rare earths mineralised rocks, that based on recent results appears to be significantly underestimated.
Meanwhile, the company has announced the retirement of Non-Executive Director Denis Geldard, effective 31 August 2022. Mr Geldard will remain an external advisor to the company assisting the further technical development of mining and metallurgical processes for the extraction of rare earths from the company’s North American projects.
Images: American Rare Earths Limited