ARRNF - American Rare Earths keen to unlock potential of new high-grade discovery
(NewsDirect)
American Rare EarthsLtd (ASX:ARR, OTCQB:ARRNF) CEO Chris Gibbs tells Proactive the companyhas identified a new significant rare earth element (REE) deposit inWyoming, US (Beaver Creek REE project) containing grades between 1.7%and 9.1% of rare earths lanthanum, cerium, neodymium, praseodymium andyttrium.
Thecompany has staked 37 federal unpatented lode claims covering about303 hectares (749 acres) at the Beaver Creek REE Project.
"These areoutstanding results from the initial field work and the explorationteam we have on the ground in the United States,” Gibbs toldinvestors on Tuesday.
“The newly staked claims are within the same state as ourflagship Halleck Creek project, which already has a JORC Resource of1.43 billion tonnes.
“Given the proximity of these new claims to Halleck Creek,we’re very excited about the future synergies and opportunitiesbetween both projects and we look forward to conducting furtherexploration activities to unlock the potential of this new high-gradediscovery.”
Grab samples have beensent to ALS Global for assay, while a detailed mapping and samplingprogram will be fast-tracked to deepen ARR’s understanding of thedeposit.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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