American Rare Earths announced it has staked 37 federal unpatented lode claims at a new high-grade rare earth deposit in Wyoming. The claims cover approximately 749 acres. Applications have also been lodged for a mineral lease application with the state of Wyoming for a further 640 acres.

The new area is north of the Company's Halleck Creek Project and has very similar geological characteristics. ARR geologists observed that the rare earth elements are concentrated in veins enriched with allanite, a group of minerals that is a valuable source of rare earths. In-situ portable X-Ray Fluorescence (pXRF) analyses of large, 2 to 4 centimeter allanite crystals demonstrated grades of 7.4% to 23.2% La + Ce + Nd + Pr + Y. Powdered grab samples from an exposed allanite-enriched vein were analyzed and showed grades of 1.7% to 9.1% La + Ce + ND + Pr + Y. The allanite-enriched veins is exposed in a historic prospect pit.

According to a 1952 United States Geological Survey report by T. J. Armbrustmacher and K. A. Sargent the vein is visible in outcrops of calcium silicate rock for 900-1200 feet. The depth and length of the deposit is currently open. The large, 2 to 4 centimeters allanite crystals observed in this study are hosted in a quartz, chlorite and calcite-rich vein which shows brecciation, or a process of the rock breaking into fragments.

This may indicate that the allanite formed from hydrothermal fluids. The grab samples have been sent to ALS Global for assay. A detailed mapping and sampling program will be fast tracked to add to ARR's understanding of the deposit and to advance the project.

This market announcement has been authorized for release to the market by the Board of American Rare Earths Limited.