American Rare Earths Announces 2024 Drilling Completed in Cowboy State Mine Area
American Rare Earths (ASX: ARR | OTCQX: ARRNF) has completed its 2024 drilling campaign at the Cowboy State Mine area. The program included 12 RC holes (1,031m) and 11 HQ core holes (1,585m), with two core holes reaching 300m depths. A total of 1,348 samples were collected and sent for assay. The drilling results will be used to update geological models, resource estimates, and contribute to the upcoming Prefeasibility Study (PFS).
CEO Chris Gibbs highlighted the exciting potential of this world-class deposit, noting mineralization observed to depths of at least 302m. The company aims to develop the Cowboy State Mine as part of the larger Halleck Creek District in Wyoming. American Rare Earths is focused on creating sustainable rare earth projects in North America to meet the increasing demand for resources essential to clean energy transition and US national security.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) ha completato la sua campagna di perforazione 2024 nell'area della Cowboy State Mine. Il programma ha incluso 12 fori RC (1.031m) e 11 fori HQ (1.585m), con due fori di sondaggio che hanno raggiunto profondità di 300m. Sono stati raccolti e inviati per analisi un totale di 1.348 campioni. I risultati delle perforazioni saranno utilizzati per aggiornare i modelli geologici, le stime delle risorse e contribuire allo Studio di Prefattibilità (PFS).
Il CEO Chris Gibbs ha evidenziato il potenziale entusiasmante di questo deposito di livello mondiale, notando mineralizzazione osservata fino a profondità di almeno 302m. L'azienda mira a sviluppare la Cowboy State Mine come parte del più ampio Halleck Creek District nel Wyoming. American Rare Earths è focalizzata sulla creazione di progetti di terre rare sostenibili in Nord America per soddisfare la crescente domanda di risorse essenziali per la transizione verso l'energia pulita e la sicurezza nazionale degli Stati Uniti.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) ha completado su campaña de perforación 2024 en el área de la Cowboy State Mine. El programa incluyó 12 pozos RC (1,031m) y 11 pozos de núcleo HQ (1,585m), con dos pozos de núcleo alcanzando profundidades de 300m. Se recogieron y enviaron para análisis un total de 1,348 muestras. Los resultados de perforación se utilizarán para actualizar los modelos geológicos, las estimaciones de recursos y contribuir al próximo Estudio de Prefactibilidad (PFS).
El CEO Chris Gibbs destacó el emocionante potencial de este depósito de clase mundial, señalando la mineralización observada hasta profundidades de al menos 302m. La empresa tiene como objetivo desarrollar la Cowboy State Mine como parte del mayor Halleck Creek District en Wyoming. American Rare Earths está enfocada en crear proyectos sostenibles de tierras raras en América del Norte para satisfacer la creciente demanda de recursos esenciales para la transición hacia la energía limpia y la seguridad nacional de EE.UU.
American Rare Earths (ASX: ARR | OTCQX: ARRNF)는 2024년 드릴링 캠페인을 완료했습니다 특히 Cowboy State Mine 지역에서 진행되었습니다. 이 프로그램에는 12개의 RC 홀(1,031m) 및 11개의 HQ 코어 홀(1,585m)이 포함되었으며, 두 개의 코어 홀은 300m 깊이까지 도달했습니다. 총 1,348개의 샘플이 수집되어 분석에 보내졌습니다. 드릴링 결과는 지질 모델, 자원 추정치 업데이트 및 다가오는 사전 타당성 연구(PFS)에 기여하는 데 사용될 것입니다.
CEO 크리스 기브스는 이 세계적 수준의 매장지의 흥미로운 잠재력을 강조하며, 최소 302m 깊이까지 관찰된 광물화를 언급했습니다. 이 회사는 와이오밍 주의 Halleck Creek District의 일환으로 Cowboy State Mine을 개발하는 것을 목표로 하고 있습니다. American Rare Earths는 북미에서 지속 가능한 희토류 프로젝트를 개발하는 데 주력하고 있습니다 이는 청정 에너지 전환과 미국의 국가 안전 보장에 필수적인 자원에 대한 증가하는 수요를 충족하기 위한 것입니다.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) a achevé sa campagne de forage 2024 dans la région de la Cowboy State Mine. Le programme comprenait 12 trous RC (1 031 m) et 11 trous de carottage HQ (1 585 m), avec deux trous de carottage atteignant des profondeurs de 300 m. Un total de 1 348 échantillons ont été collectés et envoyés pour analyse. Les résultats du forage seront utilisés pour mettre à jour les modèles géologiques, les estimations des ressources et contribuer à l'étude de préfaisabilité à venir (PFS).
Le PDG Chris Gibbs a souligné le potentiel passionnant de ce gisement de classe mondiale, notant une minéralisation observée jusqu'à des profondeurs d'au moins 302 m. L'entreprise vise à développer la Cowboy State Mine dans le cadre du plus grand Halleck Creek District dans le Wyoming. American Rare Earths se concentre sur la création de projets durables de terres rares en Amérique du Nord pour répondre à la demande croissante de ressources essentielles pour la transition vers une énergie propre et la sécurité nationale des États-Unis.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) hat seine Bohrkampagne 2024 abgeschlossen im Gebiet der Cowboy State Mine. Das Programm umfasste 12 RC-Bohrlöcher (1.031m) und 11 HQ-Kernbohrlöcher (1.585m), wobei zwei Kernbohrlöcher Tiefen von 300m erreichten. Insgesamt wurden 1.348 Proben entnommen und zur Analyse versendet. Die Bohrergebnisse werden verwendet, um geologische Modelle, Ressourcenschätzungen zu aktualisieren und zum bevorstehenden Machbarkeitsstudie (PFS) beizutragen.
CEO Chris Gibbs hob das aufregende Potenzial dieses Weltklasse-Vorkommens hervor und bemerkte, dass eine Mineralisation bis in Tiefen von mindestens 302m beobachtet wurde. Das Unternehmen beabsichtigt, die Cowboy State Mine als Teil des größeren Halleck Creek Distrikts in Wyoming zu entwickeln. American Rare Earths konzentriert sich auf die Schaffung nachhaltiger Seltene-Erden-Projekte in Nordamerika, um der wachsenden Nachfrage nach Rohstoffen, die für den Übergang zu sauberer Energie und die nationale Sicherheit der USA unerlässlich sind, gerecht zu werden.
- Completion of 2024 drilling campaign at Cowboy State Mine area
- Total of 2,616m (8,581 feet) drilled during the program
- Two core holes drilled to 300m indicate rare earth mineralization and deposit remaining open at depth
- Results will be used to update geological models, resource estimate, and input for upcoming Prefeasibility Study
- None.
Highlights
- 11 HQ holes completed with a total length of 1,585m (5,309 feet).
- 12 Reverse Circulation (“RC”) holes completed with a total length of 1,031m (3,381 feet).
- Two core holes drilled to 300m indicate rare earth mineralization and deposit remaining open at depth.
- Samples have been collected, logged and shipped to ALS Global for splitting and assay with results expected in the coming weeks.
- The results of this drill program to be used to update geological models, resource estimate and input for the upcoming Prefeasibility Study (“PFS”).
DENVER, Aug. 19, 2024 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to announce completion of the 2024 drilling campaign at the Cowboy State Mine (“CSM”) area.
The drilling campaign consisted of 12 RC holes with a total length of 1,031m (3,381 feet), 11 HQ core with a total length of 1,585m (5,309 feet), two of the core holes have been completed to depths of 300m each. At total length of 2,616m (8,581 feet) was drilled during the program. 689 RC samples and 659 core samples, for a total of 1,348, were collected, logged and shipped to ALS global for splitting and assay. While assay data will determine rare earth element (“REE”) grades, lithologic logs show Red Mountain Pluton (“RMP”) at the base of each core hole.
Chris Gibbs, CEO, commented:
"The team at Wyoming Rare (USA) (“WRI”) continue to demonstrate the exciting potential for this world class deposit at the Cowboy State Mine area, which forms part of the Halleck Creek District. The drill program was successfully completed ahead of schedule, and we look forward to the pending assay results.”
Gibbs added: “We continue to see the significant upside potential with mineralization observed to depths of at least 302m. The primary focus of WRI is to develop the Cowboy State Mine on a portion of the Halleck Creek Wyoming State Tenements. The results of this drill campaign will be instrumental for updating our geological models, resource estimate and input for the upcoming Prefeasibility Study (“PFS”).”
This announcement is authorized for release by the CEO of American Rare Earths.
Competent Persons Statement:
The information in this document is based on company work performed in September and October 2023. This work was reviewed and approved for release by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) who is employed by American Rare Earths and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Kinnes consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.
About American Rare Earths Limited:
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) owns Wyoming Rare (USA) Inc. which is focused on the development of the Halleck Creek Project, WY. It also owns La Paz, AZ rare earth deposit. Both can potentially become the largest and most sustainable rare earth projects in North America. The Company is developing environmentally friendly and cost-effective extraction and processing methods to meet the rapidly increasing demand for resources essential to the clean energy transition and US national security. The Company continues to evaluate other exploration opportunities and is collaborating with US Government-supported R&D to develop efficient processing and separation techniques of (REEs) elements to help ensure a renewable future.
For additional information:
Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125
Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123
Full JORC Table and technical summary available here :
Figure 1 – 2024 Drill Hole Locations
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f2106da7-e0b8-4fea-91f4-619a4c516e39
FAQ
What are the key results of American Rare Earths' 2024 drilling campaign at Cowboy State Mine?
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When can investors expect assay results from American Rare Earths' (ARRNF) 2024 drilling campaign?
