High Grade Assay Results up to 13.9% TREO at Beaver Creek Rare Earths Project in Wyoming
- High-grade field assay results with TREO grades up to 13.9% and neodymium + praseodymium grade up to 2.2%
- Increase in land holding by 85%
- None.
Highlights
- Assay results from surface samples show high-grade TREO from
5.8% to13.9% - Neodymium + Praseodymium grade ranged between
1% and2.2% - Claims land holding increased
85% - Plans underway to conduct further field work to define JORC Exploration Target
DENVER, Sept. 14, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) | FSE:1BHA) (ARR or the Company) is pleased to announce high grade field assay results at the exciting new Beaver Creek rare earth project in Wyoming.
Final assay results from ALS Global confirmed TREO grades between
“These are outstanding results from the initial field work at our new project in Wyoming,” says Donald Swartz, CEO American Rare Earths. “The deposit is open at depth and historic reports indicate that the rare earth mineralization-outcrop may extend over 457 meters (1500 feet). We are enthusiastic about increasing our claim holdings and look forward to conducting further exploration activities to unlock the potential of this new high-grade discovery.”
The Beaver Creek REE Project area is north of the Company’s flagship Halleck Creek Project. The State Mineral Lease at Beaver Creek REE project covers 640 acres (259 hectares) in Johnson County, Wyoming. The newly acquired state section at the Beaver Creek REE project increases the company’s holdings in the region by
This announcement has been authorized for release by the Board of American Rare Earths.
Donald Swartz
Chief Executive Officer
Competent Persons Statement:
This work was reviewed and approved for release by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) 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 | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF| FSE:1BHA) is committed to becoming a top supplier of critical minerals. The company is a leading explorer of rare earth projects, with a strong focus on developing sustainable 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, American Rare Earths is engaged in advanced study and continued exploration of its
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For media inquiries, please contact:
Susan Assadi, sassadi@AmericanREE.com
347 977 7125
Please link here for Appendix A – JORC Table 1
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b1bb14a3-6f50-47d2-aff9-941bca694060