American Rare Earths (ASX:ARR) has announced the completion of a 38-hole, 5,726m drilling program at its Halleck Creek rare earths project in Wyoming, USA, saying it's on target to define a significant JORC resource.
American Rare Earths says geological data continues to show enriched rare earth mineralisation from surface to depth of drilling at 150m, a 50% increase over and above the 100m depth drilled for the maiden drill campaign and was not included in the targets announced last year.
Its Managing Director and Chief Executive Officer, Chris Gibbs says the size scale and consistency of the resource its observing is similar to large-scale, long-life copper/gold porphyry mines which are common throughout the Western United States:
"The exploration target of over a billion tonnes is now being authenticated based on this drilling program. The drill results together with the positive metallurgical studies amplify the significant value of Halleck Creek's potential as a key domestic US rare earth supplier."