High Grade Assay Results up to 13.9% TREO at Beaver Creek Rare Earths Project in Wyoming
14 Settembre 2023 - 3:04PM
American Rare Earths (ASX: ARR | ADRs - OTCQX:
AMRRY | Common Shares - OTCQB: ARRNF) | FSE:1BHA) (ARR or the
Company) is pleased to announce high grade field assay results at
the exciting new Beaver Creek rare earth project in Wyoming.
Final assay results from ALS Global confirmed TREO
grades between 5.8% and 13.9%. Assays for the valuable magnetic
rare earths, neodymium and praseodymium ranged between 1% and
2.2%.
“These are outstanding results from the initial
field work at our new project in Wyoming,” says Donald Swartz, CEO
American Rare Earths. “The deposit is open at depth and historic
reports indicate that the rare earth mineralization-outcrop may
extend over 457 meters (1500 feet). 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.”
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 640 acres (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 749 acres (303 hectares) to 1,389 acres (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 mineralization.
This announcement has been authorized for release by the Board
of American Rare Earths.
Donald Swartz
Chief Executive Officer
Competent Persons
Statement:
This work was reviewed and approved for release
by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) is
employed by American Rare Earths and has sufficient experience
which is relevant to the style of mineralization and type of
deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2012
JORC Code. Mr. Kinnes consents to the inclusion in the report of
the matters based upon the information in the form and context in
which it appears.
About American Rare Earths
Limited:
American Rare Earths (ASX: ARR | ADRs - OTCQX:
AMRRY | Common Shares - OTCQB: ARRNF| FSE:1BHA) is committed to
becoming a top supplier of critical minerals. The company is a
leading explorer of rare earth projects, with a strong focus on
developing sustainable and cost-effective extraction and processing
methods. To meet the rapidly increasing demand for resources
essential to the clean energy transition and US national security,
American Rare Earths is engaged in advanced study and continued
exploration of its 100% owned rare earth element projects rich in
the magnet elements of neodymium and praseodymium at Halleck Creek
in Albany County, Wyoming and La Paz, Arizona. Both projects have
the potential to be among North America’s largest rare earth
deposits. The Halleck Creek deposit was recently identified by
Mining.com as fifth in the world’s top rare earth projects. A
recently released maiden JORC Resource report for Halleck Creek
shows 1.43 billion tonnes of in-place TREO, 4.73 million tonnes
TREO containing approximately 1.05 million tonnes of the highly
desirable magnet metals neodymium and praseodymium. The Halleck
Creek deposit is located approximately 70km north-east of Laramie
encompassing portions of Albany and Platte Counties in Wyoming. The
Company continues to evaluate other exploration opportunities and
is collaborating with US Government-supported R&D to develop
efficient processing and separation techniques of rare earth
elements to help ensure a renewable future.
Head OfficeAmerican Rare Earths
Ltd1658 Cole Blvd, Suite G30Lakewood, CO,
80401info@americanrareearths.com.auamericanrareearths.com.au
For media inquiries, please contact: Susan Assadi,
sassadi@AmericanREE.com347 977 7125
Please link here for Appendix A – JORC
Table 1
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b1bb14a3-6f50-47d2-aff9-941bca694060
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