Spotlight on American Rare Earths, page-2530

American Rare Earths Ltd (ASX:ARR) has released its 2021 Technical Report on the recently acquired Searchlight Rare Earths Project in Nevada, which is a unique project, unusually endowed with high value magnetic and heavy Rare Earth Elements (REE).The project consists of 80 contiguous unpatented lode mining claims, prospective for rare earths, totalling 1620 acres (656 hectares), with initial sampling identifying the widespread distribution of significant REE mineralisation.Surface samples with significant REE grades include:TREE: 14,800 parts per million (ppm);HREE: 940 ppm; andMagnetic REE: 3,320 ppm.In addition, the company obtained petrographic analysis of the rock samples, with Sample TH-01 showing significant iron staining, with a microscopic description of:Major mineralogy: Quartz 30%, sericite 22%, plagioclase 18%, calcite 12%, goethite/hematite 12%, monazite 3% and chlorite 3%; andTrace mineralogy: Rutile, manganese oxide, leucoxene, zircon, calcite.“Adds to diversified portfolio”The project is unique in that it contains high grade values of heavy rare earths in addition to high grades of elements used to make high intensity magnets – and Heavy REE deposits are rare and critical for the green energy economy.ARR managing director Keith Middleton said: “The Searchlight REE Project (Nevada) is the perfect complement to the company’s existing portfolio of rare earths projects in the US.“The La Paz Project (Arizona) and the Laramie REE Project (Wyoming) are deposits that both offer high value magnet REEs, scandium and potentially other critical minerals - without significant penalty elements.“The robust Searchlight Heavy REE project, which also contains high value magnet REEs, is an excellent com plement offering an attractive, diversified rare earths portfolio package to investors and potential offtake partners seeking REE raw materials.” QUOTE
From 2021 article in Proactive Investors this area in Nevada is now in the the news IMO