American Rare Earths Ltd (ARRNF)

[chico237]

2022 Exploration Drilling Planned for La Paz Southwest - Exploration Target of 742 - 928 Million Tonnes Projected

https://americanrareearths.com.au/wp-content/uploads/2021/09/20210929-ARR-ASX-La-Paz-SW-Drilling-and-Exploration-Target-FINAL.pdf

Highlights
Eight core drill holes are planned for Q1 2022 to explore lateral and vertical extent in the new southwest area. An Exploration Target of approximately 742 - 928 million tonnes of Rare Earths mineralized rocks was identified in the La Paz Rare Earths project’s southwest area, with an average TREO Grade of 350 - 400ppm and Scandium Oxide grade of 20 - 24.5ppm.
New Exploration Target identified in addition to the La Paz Rare Earth project’s recently upgraded 170MT Resource.167 Hectares with 20 claims added to La Paz Project area in support of exploration targets
American Rare Earths Limited (ASX: ARR) ("the Company") plans on drilling eight (8) diamond drill holes across the La Paz Southwest Project area. The core holes will provide geological data about the lateral and vertical extent of mineralisation in the area. 900 meters of diamond core drilling is planned for Q1 2022.
This drilling will be performed with geological mapping on 20 additional mining claims staked in July 2021,covering 167 hectares.
Based on recent exploration, the Company has compiled a JORC exploration target report “Exploration Target Summary of the La Paz Southwest Project Area” (Report). The Report provides an overview of the geology,
results of surface sampling, and exploration target tonnage estimates in Laz Paz Southwest. The Report also outlined the 20 additional claims and the proposed diamond core drilling.
The La Paz Southwest is part of the La Paz Rare Earth Project (LPRE Project) project owned by La Paz Rare Earth, LLC, a wholly owned subsidiary of Western Rare Earths, Inc (WRE), a wholly owned subsidiary of American Rare Earths, Limited. This announcement furthers the exploration and development of large areas of Rare Earths enriched rocks at the La Paz project. If the exploration drilling is successful, ARR plans todevelop the La Paz southwest area in conjunction with the La Paz maiden resource area located approximately two kilometres to the Northeast. Mr Keith Middleton, Managing Director of ARR states, “In 2019 we noted that the La Paz Rare Earth Project “excels by its sheer volume” to quote technical reports available and suspected there was an opportunity to develop the asset further. Today, we can say that the La Paz project continues to exceed our expectations and provides huge potential and future flexibility to develop the La Paz REE project. The Exploration Target and exploration drilling are the first steps in our plans to define extensive mineable resources.”

Worth Keeping an eye on right now....

Chico