American Rare Earths announced it has completed its 38-hole, 5,726m drilling program at its Halleck Creek rare earths project in Albany County, Wyoming, USA. The completion of the drilling program brings the company closer to defining a substantial maiden JORC resource. In this campaign the company drilled to a depth of 150m.

This is a 50% increase over and above the 100m depth drilled for the maiden drill campaign and was not included in the exploration targets announced last year. The JORC compliant Exploration Target estimate previously disclosed to market (1st September 2022), outlined between 1.01 and 1.27 Billion Tonnes of Rare Earth mineralised rocks with TREO grades ranging between 2,245 ppm and 2,807 ppm. The drilling confirms the Rare Earth Elements (REE) containing geological structure is significantly larger than previously thought.

Geological data shows significant consistent REE mineralization across the observed samples, with the massive deposit remaining open at depth and likely continuing east into the company's adjoining Bluegrass prospect. The Company is awaiting assay results to finalise a maiden JORC resource estimate, which it plans on releasing in first quarter 2023. During the drilling program, the company completed 38 Reverse Circulation (RC) holes.

The company drilled a total of 5,725.5 meters (18,784.6 feet) in the Red Mountain and Overton Mountain project areas. The final 723 samples have been shipped to ALS labs for assay. For the project approximately 3,817 samples have been collected and shipped to ALS laboratories for analysis.

Throughout the program Company inserted certified reference material for rare earths and blanks from CDN Labs as part of a detailed QaQc system. The strong XRF values observed in the drill cuttings, provide good indications that rare earth mineralisation occurs throughout the clinopyroxene quartz monzonite (CQM) geological unit.