- E-Tech Resources (TSXV:REE) reported drilling results from its Eureka Rare Earths project in Namibia
- Preliminary pXRF drilling results for the Adder Target confirm a discovery zone with the presence of rare earth elements (REE) mineralization in multiple zones in a drill hole correlating with REE mineralization identified on surface
- Mineralization remains open at depth and along strike
- E-Tech Resources Inc. (REE) opened trading at $0.07 per share
E-Tech Resources (TSXV:REE) reported drilling results from its Eureka Rare Earths project in Namibia.
Preliminary pXRF drilling results for the Adder Target confirm a discovery zone with the presence of rare earth elements (REE) mineralization in multiple zones in a drill hole correlating with REE mineralization identified on surface. Mineralization remains open at depth and along strike.
The Adder target is 450 metres long and 250 metred wide and is coincident with anomalous Thorium (Th) radiometric response. Thorium is used as an effective exploration targeting tool due to its association with the REE-bearing monazite mineralization found at Eureka.
|Lithology||TREO per cent Intercept (pXRF)||Comment|
|ER065||526475||7563325||0||-90||80||37||38||EQTZ||1 metre at 0.17 per cent TREO|
|40||41||EQTZ||1 metre at 0.71 per cent TREO||Best intercept|
|49||50||EQTZ||1 metre at 0.10 per cent TREO|
|73||76||EQTZ||3 metres at 0.07 per cent TREO (700 ppm)||incl. 1 metre at 0.09 per cent (900 ppm) TREO (73-74 m)|
The team called these findings a significant milestone for the project, as they demonstrate the potential for further target identification within this newly acquired portion of the Eureka Dome. The company plans to submit its samples to an accredited laboratory for further analysis to confirm mineralized intersections.
CEO Jim Megann explained that these results were part of the extended exploration that has been ongoing on one of the 17 targets identified across the Eureka REE project license area, EPL-6762.
“Our comprehensive program has included the lab analysis of rock chip grab samples and a closely-spaced in-situ soil pXRF survey on the Adder Target, which has led to the confirmation of the presence of REE mineralization outside the well-known Zones 1, 2, 3, and 4. The preliminary pXRF results1 from our latest RC drill hole on the Adder Target, ER065, are particularly encouraging, as they further substantiate our observations and results from the detailed geological mapping and geochemical soil pXRF surveys. We have now discovered a new zone of mineralization and our next steps will be to further drill test and define its extent. These results1 are a positive affirmation that our targeting strategy is effective, and we are eager to continue exploration on the newly acquired property to establish if these results continue throughout the Eureka Dome.”
E-Tech Resources (REE) is a rare earth element development company that owns the Eureka project in Namibia. The Haliax-based miner recently signed a memorandum of understanding to explore the potential of a feasibility study for a rare earth separation plant in Namibia with two other Namibian rare earth operators. Click here for more details on that news.
E-Tech Resources Inc. (REE) opened trading at $0.07 per share.
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