Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

American Rare Earths identifies potential new deposit to extend Wyoming footprint

Published 31/01/2023, 10:11 am
Updated 31/01/2023, 10:30 am
© Reuters.  American Rare Earths identifies potential new deposit to extend Wyoming footprint

© Reuters. American Rare Earths identifies potential new deposit to extend Wyoming footprint

American Rare Earths Ltd (ASX:ARR) has identified a potential new rare earth deposit in the Halleck Creek District of Wyoming and in doing so has filed 118 unpatented federal lode mining claims at the new County Line prospect area.

Importantly, the County Line claims add approximately 2,113 acres to the growing Halleck Creek Rare Earth District, bringing the total area controlled to 8,165 acres – an increase in total claims within the region of 26%.

By comparison, this new area is 147% larger than the current 1.01 to 1.27 billion tonnes exploration target ARR announced in September last year.

Claims of the County Line area at Halleck Creek.

Key strategic project for the US

ARR's recently appointed president of North American business Melissa Sanderson said, “We are very excited for what this means to both the State of Wyoming and helping to onshore critical materials for the United States.

"This is a key strategic project for our country and could help fulfil most of the future demand for these highly valuable magnetic rare earth materials, which are so important for national security and ensuring 100% of the supply chain remains within the United States.

“What also makes Halleck Creek unique is the extremely low thorium and uranium penalty elements so often associated with rare earth projects. This means less harmful chemicals during processing and not having to dispose of radioactive waste.

"As we seek to decarbonise the planet we need rare earths for our future energy needs, electric vehicles, wind turbines and everyday living. However, it’s vitally important to source these from within America, but more importantly, doing it in a green and environmentally friendly manner. I’m proud to be part of a company seeking to make a difference.”

Building a big footprint

ARR continues to build a substantial footprint containing rare earth-enriched prospects within the region. It acquired the property in 2021 but has significantly increased the mining claims to now contain seven project areas across the Halleck Creek District.

Managing director and chief executive officer Chris Gibbs said, “The addition of the County Line claims provides ARR contiguous control of federal claims and state mining leases across seven discrete areas totalling 8,165 acres. The district has now grown to an area of about 5 miles (8 kilometres) wide and 5 miles (8 kilometres) long.

“Our immediate focus is to establish a significant JORC resource where we recently completed drilling at the Overton and Red Mountain areas. However, we are looking forward to conducting further exploration activities in the additional five areas within this major district.

"To give context, the current drilling program is only over an area of less than 18% of the total claims covering rare earth mineralisation.”

The County Line prospect area straddles the county line between Albany and Platte County, and resides northeast of the Bluegrass area.

The new claims target rare earth-enriched medium-grained quartz monzonite dikes interspersed within rocks of the Red Mountain Pluton.

ARR geologists performed initial exploratory mapping with a handheld XRF unit over portions of the County Line prospect area and collected 64 XRF sample readings on outcrop in the County Line prospect area.

The geologists found that medium-grained quartz monzonite dikes contained lanthanum (La2O3) and cerium (Ce2O3) values commonly exceeding 1,100 ppm.

XRF readings taken by the geologists from the quartz monzonite dikes compare favourably to surface samples in the nearby Bluegrass area which also contain the highly valuable magnetic rare earths neodymium and praseodymium.

Comparison of County Line XRF values to Bluegrass surface samples.

What’s next

Weather permitting, ARR geologists are planning wide area geological mapping and surface sampling across the County Line area, the Trail Creek Area and the Sommers Flat areas during late Q1 and early Q2 2023.

Project areas at the Halleck Creek Rare Earths Project area.

This mapping and sampling will provide the direction for the long-term development of the Halleck Creek Rare Earths district.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.