Highlights• The autumn (September-November) development drilling program1 in the higher- grade Overton Mountain area has commenced and remains on schedule.• A core hole was recently completed to 305 m of depth, exhibiting rare earth element (REE) mineralisation throughout utilising XRF. Prior drilling was limited to less than 175 m. The deposit remains open at depth.• The summer mapping and sampling initiative revealed potential for a larger, higher-grade REE resource at Halleck Creek.• Optimised future exploration program(s) are being assembled, along with an updated JORC Exploration Target, which is forthcoming.• Mapping revealed no major structural features, or controls within the updated areas.• 189 surface samples were analysed via XRF, 52 samples have been sent for confirmatory assay analysis of high-grade target mining areas.American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) | FSE:1BHA) (ARR or the Company) today announced an update on autumn exploration drilling and completion of significant mapping and sampling work at Halleck Creek, through which the Company has identified potential for a much larger, higher-grade resource.The Company, which had previously focused on the Red Mountain and Overton claims2, identified the future potential in the surrounding claims of Bluegrass, Sommers Flat, Trail Creek and County Line areas, as shown in Exhibit 2 to this release. Geologists were able to tightly constrain important contacts and boundaries between the REE enriched material and surrounding rocks. Through GPS-confirmed geology, staff geologists are optimising future drillhole locations, JORC exploration target(s) and placement of conceptual mine layout/facilities.In addition, the summer work program identified multiple areas with more than 5,000 ppm TREO. QUOTE A good start to the week plenty of scope in the weeks ahead * From release this morning .
