HALIFAX, Nova Scotia–(Newsfile Corp. – March 21, 2024) – E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) (“E-Tech” or the “Company”) is a Namibia-based The drilling and sampling program at the Eureka project has been successfully completed. This program revealed significant rare earth oxide mineralization at multiple locations within Exclusive Exploration License (“EPL”) 6762.
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Results from the trenching program continue to support our new exploration model.
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Initial results support the concept of a large-scale stratigraphic and structural corridor within Eureka Dome hosting rare earth mineralization (see News Release: February 6, 2024).
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Rare earth mineralization was confirmed in four of the five new targets.
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Eighteen of the 19 concentrated trenches (639 meters) captured rare earth elements with monazite mineralization similar to that found in the Eureka Central discovery deposit.
“Drilling, mapping, sampling and pXRF analysis for E-Tech’s trenching program have been completed and we can confirm that rare earth mineralization is much more widely distributed within the license than previously identified. We are encouraged that our first quarter trenching program and results exceeded our expectations,” said Todd Burlingame, CEO of E-Tech.
“Our understanding of the Eureka Rare Earth Project and how we set our goals continues to improve. Eighteen of the 19 sites selected for this trenching program have Confirmation of the presence of mineralization continues to validate our targeting model.”
Correlation of new geochemical soil anomalies with ultra-high-resolution Aeromag signatures reveals that mineralization is trapped at shallow depths (sub-crops) within the trench.
The occurrence of mineralized subcrops found northeast of the geochemical anomaly provides further support that surface material appears to have been mobilized over time and moved southwest from the point of occurrence.
The program identified an arcuate trend across the EPL 6762 section of Eureka Dome containing new highly promising targets. We are progressing our exploration program with a proposed 2024 drilling program in the third quarter of 2024. We look forward to further exploration of adjacent EPL 8748 to test the continuation of this trend across the Eureka Dome structure. ”
2024 Q1 Trenching Program
The trenches targeted rare earth mineralization in hidden locations in new concessions T9, T15, T16, Eureka East, and Eureka Southeast identified through a systematic regional soil sampling program in 2023.
Preliminary pXRF analysis of meter samples from 18 of the 19 trenches revealed total rare earth oxides.[1] (TREO) measurements range from 1% to 8.7% in lithified sections. This result is consistent with Eureka Central's historical ditch data. More than 170 samples have been collected and will be submitted for laboratory assays to confirm the merely indicative results from pXRF.
Preliminary results support our new geological concept and mineralization model and indicate potential for further exploration in adjacent EPL 8748.
Figure 1: EPL 6762 rare earth anomaly.
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Figure 2: Q1 trench program targets and visible monazite from T071B (target 9) and T077 (target 16).
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About Etech Resource Co., Ltd.
E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) is a rare earth exploration company focused on developing the Eureka Rare Earth Project in Namibia. Eureka represents a district-scale assemblage of calcareous silicate-hosted monazite mineralization.
The Eureka project is located approximately 250 kilometers northwest of Namibia's capital Windhoek and 140 kilometers east of Namibia's main industrial port, Walvis Bay. The project intersects National Highway B1 and is located right next to the National Railways main line. The Eureka project is based on EPL 6762. E-Tech also entered into a definitive agreement to acquire his 85% interest in EPL 8748, which adjoins and surrounds our EPL 6762.
Namibia is recognized as one of the most politically stable jurisdictions in Africa, with a very well-established infrastructure and a clear and transparent mining legislative and regulatory framework.
Qualified person
Keith Webb, Bachelor of Applied Geology Honors, is a consulting geologist with 37 years of experience in the mining and exploration fields and has reviewed and approved the scientific and technical information in this news release. Mr Webb is an Australian Institute of Geoscientists (AIG) member number: 3688 and is a qualified person under National Instrument 43-101, the mineral project disclosure standard.
Notes
This press release may contain forward-looking information. This information is based on current expectations and assumptions, including assumptions related to general economic and market conditions, which are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from those suggested by the forward-looking information. E-Tech undertakes no obligation to update the forward-looking information in this release until required by securities laws applicable to E-Tech or that actual results may differ from those reflected in the forward-looking information. We are not obligated to update any reason. Additional information identifying risks and uncertainties is contained in E-Tech's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact Todd Burlingame, CEO of E-Tech Resources Inc., at (782) 409-5474.
1In this press release, total rare earth oxides (TREO) refers only to the sum of La2O3, Ce2O3, Pr2O3, and Nd2O3, as limited by the range of elements analyzed by pXRF.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202565.
