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

American Rare Earths CEO Chris Gibbs joined Steve Darling from Proactive to discuss the latest assay results from the company's 2024 drilling campaign at the Cowboy State Mine area in Wyoming. This drilling is the first phase of a larger multi-stage development plan for the Halleck Creek deposit, which boasts an estimated 2.34 billion tonnes of JORC resource containing 7.48 million tonnes of total rare earth oxides (TREO).

Gibbs highlighted that the assay results for 12 core and reverse circulation (RC) holes confirmed high-grade ore in the western portion of the deposit. Key intercepts include HC24-RM044, with 172.4 meters at 3,716 ppm TRE, and HC24-RM036, which showed 51.0 meters at 3,390 ppm TREO. These findings have defined the eastern extent of the deposit, and upcoming drilling will target higher-grade zones near Red Mountain. One notable result from this area, HC24-RM035, reported an impressive 4,393 ppm TREO over 299.1 meters.

The campaign was completed under budget, allowing for the drilling of an additional four RC holes, totaling approximately 730 meters. These are expected to be finished within the next week, further advancing the company's plans for rare earth element development in Wyoming.

#proactiveinvestors #americanrareearthslimited #asx #arr #otcqx #arrnf #adr #amrry #wyomingrareinc

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews