Drilling Completed In Cowboy State Mine Area
DENVER, CO - American Rare Earths (ARR) announced the completion of the 2024 drilling campaign at the Cowboy State Mine (CSM) area. The drilling campaign consisted of 12 RC holes with a total length of 1,031m (3,381 feet), 11 HQ core with a total length of 1,585m (5,309 feet), two of the core holes have been completed to depths of 300m each. At total length of 2,616m (8,581 feet) was drilled during the program. 689 RC samples and 659 core samples, for a total of 1,348, were collected, logged and shipped for splitting and assay. While assay data will determine rare earth element (REE) grades, lithologic logs show Red Mountain Pluton (RMP) at the base of each core hole.
Chris Gibbs, CEO, said, "The team at Wyoming Rare (USA) (“WRI”) continue to demonstrate the exciting potential for this world class deposit at the Cowboy State Mine area, which forms part of the Halleck Creek District. The drill program was successfully completed ahead of schedule, and we look forward to the pending assay results. We continue to see the significant upside potential with mineralization observed to depths of at least 302m. The primary focus of WRI is to develop the Cowboy State Mine on a portion of the Halleck Creek Wyoming State Tenements. The results of this drill campaign will be instrumental for updating our geological models, resource estimate and input for the upcoming Prefeasibility Study (PFS).”