AusAmerican Mining advances rare earth project in Arizona
Australian-American Mining Corporation Limited has advanced its Rare Earth Elements (“REE’s”) project situated in West-Central Arizona, USA.
This project, which until now has been known as the North claim project but will now be referred to as the La Paz Rare Earth Project, is located in La Paz County in the West-Central section of the state of Arizona. It is approximately 120 miles west-north-west of Phoenix. AusAmerican have staked over 1,300 acres (527 hectares) comprising 63 unpatented blocks and a prospecting permit over one section (640 acres / 259 hectares) of State Trust Lands.
Work performed to date on this project includes:
- Reconnaissance sampling
- Geological mapping
- Evaluation of geochemistry
- Initial metallurgical studies; and
- Percussion drilling to test the depth extent and subsurface grade
Geological mapping and sampling has defined surface outcrop of REE enriched host rock covering several square kilometres.
The company recently completed a shallow drilling program in which 5,120 meters was drilled with 195 holes. The maximum depth of hole being 30 meters vertical with a number of holes still in mineralization. Initial evaluation indicates a large-tonnage, close to surface, low-grade Rare Earth Element enrichment exists that should be amenable to open-pit mining.
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