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PROJECT|Surface|WSP|Drilling
PROJECT|Surface|WSP|Drilling
project|surface|wsp|drilling

American Rare Earths reports ‘outstanding’ drilling results at Cowboy State Mine

3rd September 2024

By: Creamer Media Reporter

     

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ASX-listed American Rare Earths on Tuesday announced the first assay results from the 2024 drilling campaign at the Cowboy State Mine (CSM) area of its Wyoming Rare (USA) Inc (WRI).

ALS Global provided assay results for 756 samples from 11 core and reverse circulation holes, plus one partial hole.

Drill hole HC24-RM035 showed an average grade of 4 393 parts per million (ppm) total rare earth oxides (TREO) across the entire 299.1 m length of the drill hole. The results continue to indicate the deposit remaining open at depth and extending well into Red Mountain.

Likewise, drill hole HC24-RM023 has an average TREO grade of 4 006 ppm over 117.5 m.

WRI geologists prepared and shipped 54 core samples to WSP for geomechanical analysis.

“These first assay results continue to demonstrate the upside potential of the Halleck Creek district. The 2024 drilling indicated elevated rare earth mineralisation of the CSM area extending well into Red Mountain. The sheer size and scale of the deposit continues to grow as these results confirm the deposit remaining open from surface to depths of at least 300 m,” said CEO Chris Gibbs.

“These drill holes allow us to expand our resource estimates into Red Mountain in the western portion of the CSM area. Our team continues to focus development on the CSM area, a portion of the Halleck Creek Wyoming state tenements. With a pathway to state permitting and recent government funding, the CSM area represents a unique opportunity to work with the state of Wyoming to rapidly advance the project,” added Gibbs.

The geological data, together with the results of geomechanical testwork, will provide the basis for detailed mine planning within the upcoming prefeasibility study.

Edited by Creamer Media Reporter

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