American Rare Earths saddles up for Cowboy State Mine targets

American Rare Earths (ASX:ARR) is seeking to target higher grade regions contiguous to the Cowboy State Mine mining area within the recently published Scoping Study.

The company says recent assay results from a mapping and sampling program in the Cowboy State Mine area complement the recently announced updated JORC resource of 2.34 billion tonnes and illustrate enriched mineralisation at Halleck Creek.

This mapping and sampling campaign within the Cowboy State Mine Area was focused at a higher resolution. In total, 95 samples were sent for analysis at ALS Global, including 5 quality assurance/quality control samples of standards, blanks, and duplicates.

American Rare Earths says the new mapping and sampling campaign provides better constraints on the geology of the Cowboy State mine area for future resource targeting and drillhole planning.

Specifically, areas covered with unconsolidated Tertiary gravel were delineated, which it says offers significant upside.

Chief Executive Officer Donald Swartz says the company is encouraged by these results that he notes continue to demonstrate upside potential to our recently announced Scoping Study.

“These results are contiguous and complimentary to our recently released mine plans, of which the entirety was developed on state lands, which provides accelerated permitting.

These higher-grade target areas will allow for optimising mine planning and project economics as we enter pre-feasibility level analysis. The low-operating costs ($38.38/kg NdPr equivalent) are largely attributable to the favourable geology, which is evident in these surface samples of highly enriched mineralisation within zero-strip-ratio mining areas.

The uranium and thorium continue to occur in very low levels naturally.”

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Images: American Rare Earths
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.