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Broken Hill acquiring La Paz rare earths project in Arizona

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Broken Hill acquiring La Paz rare earths project in Arizona

Broken Hill Prospecting Ltd. said Aug. 20 that it is acquiring, by staking, the La Paz rare earths project in Arizona, comprising 107 unpatented lode mining claims covering over 890 hectares and a prospecting permit covering 259 hectares.

The Australian explorer said it filed location notices for the lode mining claims with the U.S. Bureau of Land Management, and a prospecting permit application is in progress with the state's Land Department.

Previous exploration work on the property confirmed rare earths mineralization, with a 2011 drilling program conducted by Australian American Mining Corp. outlining a National Instrument 43-101-compliant resource. Broken Hill is investigating the potential conversion of the estimate to meet the JORC standard.