US rare earth market potential, page-148

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bluesamurai

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13/09/23

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Post #: 69838185
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Highlights• Drilling permits approved and drilling to commence mid-September.• Program to focus on high-grade areas designed to upgrade existing JORC Resource.• Planned drilling includes 865m (2,837ft) in eight core holes, and 1,500m (4,920ft) in 15reverse circulation holes.• Deposit remains open at depth and width. The drilling program will test mineralisation todepths over 300 metres, more than twice current resource estimated depths.• With only 25% of the deposit drilled to date the Company is also advancing exploration activities into surrounding claims, with additional drilling planned following receipt offurther drill permits.American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) | FSE:1BHA) (ARR or the Company) is pleased to announce that the Halleck Creek drilling program which commences later this month aims to upgrade the JORC resource estimates.Donald Swartz, CEO expressed his enthusiasm for the project’s potential. “Halleck Creek was recently recognised in the Top Five rare earths projects in the world2. There is potential to significantly increase the size, quality, and grade of this deposit. This new program is focussed on adding value by targeting high grade zones.”“We are in the heart of the USA, the largest economy in the world that desperately needs these rare earth elements,” continues Swartz. “With only 25% of the claims area explored and open at depth, we have an opportunity to build on the 1.43 billion tonne JORC Resource announced earlier this year. We are looking forward to executing this drill program and advancing Halleck Creek as the logical solution for the US Government to reduce dependency on Chinese rare earths.” QUOTE We are on our way at last the news ahead will be eagerly awaiting IMO

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https://www.wyomingpublicmedia.org/natural-resources-energy/2023-09-12/a-mining-company-will-further-explore-its-promising-rare-earth-resources-in-wyoming
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US rare earth market potential, page-148

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US rare earth market potential, page-148

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