American Rare Earths Limited has recently unveiled assay results from a comprehensive mapping and sampling program at the Cowboy State Mine area in Wyoming, showcasing the potential for significant rare earth element (REE) resources. The program, aimed at achieving higher data resolution, involved the analysis of 95 surface samples at ALS Global, revealing concentrations of up to 6,221 ppm total rare earth oxides (TREO). These findings suggest the existence of a larger, higher-grade REE resource area adjacent to the mining zone identified in a recent scoping study.
The assay results also highlighted substantial concentrations of magnetic rare earths, averaging 27% of TREO, which are crucial for the development of high-tech and renewable energy technologies. This data is expected to play a pivotal role in future drilling campaigns, aimed at further delineating the higher-grade resources within the Cowboy State Mine area. The findings align with the updated JORC resource estimate of 2.34 billion tonnes, reinforcing the consistent mineralization at Halleck Creek.
Donald Swartz, CEO of American Rare Earths Limited, expressed optimism about the company's trajectory, underscoring the assay results' significance in shaping upcoming exploration and development initiatives. These results not only affirm the company's strategic focus on advancing its projects but also highlight the potential to significantly contribute to the rare earth element supply chain. For further details on American Rare Earths' strategic direction and recent achievements, visit https://www.americanrareearths.com.
