American Rare Earths Limited announced assay results for 998 samples from 10 reverse circulation (RC) holes at the Halleck Creek Rare Earths projects in Wyoming. The 10 RC holes all reside in the Red Mountain project area at the Halleck Creek district. The assay results confirm enriched rare earth mineralisation to a depth of 150 metres and brings the company a step closer to defining a substantial maiden JORC resource.

The company awaits the results for 8 additional holes in the Red Mountain project area and 20 holes in the Overton Mountain project area. ALS laboratories in Vancouver, British Columbia performed the analysis. Highlights: Assays confirm Total Rare Earth Oxide (TREO) values up to 8,359 parts per million (ppm); Mineralisation confirmed at depths of 150 metres, a 50% increase on previous drill assays.

Significant intercepts include: HC22-RM014 averages 3,958 ppm TREO over 148.5 metres; HC22-RM016 averages 3,495 ppm TREO over 148.5 metres; HC22-RM017 averages 3,922 ppm TREO over 132 metres; HC22-RM015 averages 4,394 ppm TREO over 120 metres; Mineralisation remains open at depth; Initial assay results from 10 RC holes, twenty-eight more to come; Low levels of penalty elements thorium and uranium.