2023 Development Drilling Program Successfully Completed at Halleck CreekAmerican Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF| FSE:1BHA) ("ARR” or the “Company”) announces the successful completion of the development drilling program at its flagship Halleck Creek project. The Halleck Creek project was previously announced to be a 1.43 billion tonne JORC resource1, making it potentially the largest strategic rare earth project in the United States.Highlights• The program, totaling 2,389 metres (23 holes), has been completed on schedule with assay results expected in December 2023.• High grade zones identified, with XRF grades observed up to 8,875 ppm. All drillholes in the program confirmed enriched rare earth mineralisation and de minimis levels of uranium and thorium (Appendix C).• The Company announced on 3 October 2023 enriched mineralisation to be present to at least a depth of 300 metres (an increase of 178% over previous drilling), indicating the resource may be much larger than previously expected. Only 25% of the deposit has been drilled, and the deposit remains open at depth and width.• Following receipt of its assay results the Company plans to upgrade its previously announced JORC resource.• Two tonnes of core material obtained during the program is being shipped to the Company’s partnerlaboratories to assess and quantify metallurgical characteristics through the proposed hydrometallurgical facility.The drilling program focused on confirming high-grade mineable area(s) to define a significant volume measured and indicated resources, which is necessary for resource reporting QUOTECompany is on a focused agenda to complete all necessary requirements to eventually present a successful PEA ,for now its a patient wait for lab results.Looking forward to further announcements along the way IMO From release today.
