American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) has delivered high-grade rare earth elements (REE) mineralisation at its Beaver Creek project in Wyoming, with total rare earth oxides (TREO) ranging from 5.8% to 13.9%.
During the program, high-value rare earth elements such as neodymium and praseodymium showcased grades between 1% and 2.2%.
Accompanying this, ARR has increased its claims landholding to 85% at the project.
The newly acquired state section expands the company’s holdings in the region from 303 hectares to 562 hectares.
Furthermore, plans are underway to conduct further fieldwork to define a JORC exploration target.
"Unlock potential of new discovery"
Articulating the project’s promising outlook, ARR CEO Donald Swartz said: “The deposit is open at depth and historic reports indicate that the rare earth mineralisation outcrop may extend over 457 metres.
“We are enthusiastic about increasing our claim holdings and look forward to conducting further exploration activities to unlock the potential of this new high-grade discovery”.
About Beaver Creek
The Beaver Creek REE Project area is north of the company’s flagship Halleck Creek Project.
The state mineral lease at Beaver Creek REE project covers 259 hectares in Johnson County, Wyoming.
The newly acquired state section at the Beaver Creek REE project increases the company’s holdings in the region by 85% from 303 hectares to 562 hectares.
Importantly, the state mineral lease is directly along strike from previously examined outcrops and has the potential to contain additional, highly enriched REE mineralisation.