High-Grade Rare Earth Oxides Found at Cowboy State Mine in Wyoming by American Rare Earths

2 min read | October 03, 2024 06:40 AM PDT | By Team Kalkine Media

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High-Grade Rare Earth Oxides Found at Cowboy State Mine in Wyoming by American Rare Earths — Image source: Shutterstock

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Highlights:

Recent assay results confirm high-grade ore in the western section of the Halleck Creek deposit, part of American Rare Earths' multi-stage development plan.
Key intercepts include significant grades of total rare earth oxides (TREO), with one hole reporting 4,393 ppm TREO over an impressive 299.1 meters.
The ongoing drilling campaign is completed under budget, allowing for the addition of four additional reverse circulation holes.

Description:

American Rare Earths {OTC:ARRNF} has released assay results from its 2024 drilling campaign at the Cowboy State Mine area in Wyoming, marking the initial phase of a comprehensive multi-stage development strategy for the Halleck Creek deposit. This deposit is estimated to contain 2.34 billion tonnes of JORC resource, encompassing approximately 7.48 million tonnes of total rare earth oxides (TREO).

CEO Chris Gibbs reported that the recent results from 12 core and reverse circulation (RC) holes have confirmed the presence of high-grade ore in the western part of the deposit. Significant intercepts include HC24-RM044, which showed 172.4 meters at 3,716 ppm TRE, and HC24-RM036, revealing 51.0 meters at 3,390 ppm TREO. These results have effectively defined the eastern extent of the deposit, and future drilling efforts will focus on higher-grade zones near Red Mountain.

One standout result from this campaign, HC24-RM035, reported an impressive 4,393 ppm TREO over a substantial 299.1 meters, further bolstering the potential of the deposit. The campaign has been completed under budget, enabling the company to drill an additional four RC holes, totaling approximately 730 meters. These additional holes are anticipated to be completed within the next week, advancing American Rare Earths' initiatives in rare earth element development in Wyoming.

As the drilling progresses, the company aims to enhance its understanding of the Halleck Creek deposit's resource potential, which is critical for meeting the growing demand for rare earth elements in various industries, including technology and clean energy.

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