Wyoming Rare Inc. Reports Exceptional Drill Results
Significant Assay Results from Wyoming Rare (USA) Inc.
Wyoming Rare (USA) Inc. has announced some remarkable findings from its recent drilling campaign at the Cowboy State Mine area. Following the conclusion of the 2024 drilling season, assay results for 756 samples from the first 11 core and reverse circulation holes have been received. The results are revealing elevated rare earth mineralization detected from the surface to depths of at least 300 meters.
Key Highlights of the Drilling Campaign
The assay findings showcase some impressive results, with significant mineralization levels identified in several drill holes:
- HC24-RM035: 299.1m at 4,393 ppm Total Rare Earth Oxides (TREO).
- HC24-RM023: 117.5m at 4,006 ppm TREO.
- HC24-RM026, HC24-RM028, and HC24-RM030: Each showed 81m of significant TREO levels, ranging from 3,602 ppm to 3,673 ppm.
- HC24-RM031: 81m at 2,698 ppm TREO.
The findings indicate that the deposit remains open at depth, providing ample opportunity for future exploration and development.
Implications for Future Exploration
The drill program's results will be instrumental in updating geological models and resource estimates, contributing vital input for the upcoming Prefeasibility Study (PFS). This study is crucial for determining the feasibility and potential of the project going forward.
CEO's Insights on Drilling Outcomes
Chris Gibbs, CEO of Wyoming Rare, expressed his enthusiasm about the results, noting, "These assay findings demonstrate the tremendous potential of the Halleck Creek district. The data we collected shows that the mineralization extends well into Red Mountain, confirming that our deposit is extensive and remains open from surface to significant depths."
Gibbs further emphasized, "These findings will help us refine our resource estimates and facilitate a smoother pathway toward state permitting as we advance our projects. We are excited about the future as we receive additional assay results and integrate this data into our resource planning and mine development strategies."
Technological Contributions and Continuous Improvement
The Wyoming Rare geologists are leveraging assay data and whole rock geochemistry to improve the lithological designations of specific rock types in the Red Mountain pluton. This enhanced geological modeling will allow for better understanding and assessment of the mineral resources within the CSM area.
As Wyoming Rare (USA) Inc. continues its ambitious goals for sustainable resource development, the company is actively exploring new technologies and collaborations aimed at efficient processing and separation techniques for rare earth elements.
Contact Information
If you have any questions or need further insights regarding this announcement, please contact:
Susan Assadi
Media Relations US
Email: sassadi@americanree.com
Phone: 347 977 7125
Beverly Jedynak
Investor Relations US
Email: Beverly.jedynak@viriathus.com
Phone: 312 943 1123
Frequently Asked Questions
What are the key findings from the drilling campaign?
The drilling campaign revealed elevated rare earth mineralization from surface to depths exceeding 300 meters, with significant results in multiple holes showing high levels of TREO.
How will these results affect future planning?
The results will aid in refining geological models and resource estimates, which are critical for the upcoming Prefeasibility Study.
What is the significance of the Cowboy State Mine?
The Cowboy State Mine area is part of the Halleck Creek Project, noted for its potential to become a leading rare earth project in North America, focusing on sustainable extraction methods.
Who are the key contacts for investor relations?
Susan Assadi handles media relations, while Beverly Jedynak oversees investor relations for the company.
What future developments are expected for Wyoming Rare (USA) Inc.?
The company aims to enhance resource assessments, continue exploring innovative technologies, and work toward state permitting for rapid project advancement.
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