E-Tech Resources Reports Diamond Drill Intercepts of REE Bearing Dykes Beyond the Current Resource
HALIFAX, NS February 10, 2022 – E-Tech Resources Inc. (TSX.V:REE, FSE:K2i) (“E-Tech” or the “Company”) is pleased to announce additional assay results from the first diamond drilling campaign completed at the Eureka REE Project (“Eureka” or the “Project”), located in central Namibia. Significant intersections include 9.4m @ 1.3% Total Rare Earth Oxide (“TREO”) (ED008), 4.8m @ 1.2% TREO (ED009), 1m @ 13.4% TREO (ED017), 3.5m @ 4% TREO (ED011), 4.2m @1.2% TREO (ED017) and 1.9m @ 1.8% TREO (ED019). The results from these eight holes, all of which have intersected mineralisation, have confirmed the presence of mineralisation in Zones 1 and 2 at depth and its southward extension along strike. The deposit remains open both along strike and at depth. The Corporation is awaiting receipt of additional results from the 5 remaining holes of this first diamond drilling campaign completed in September 2021. Previous diamond drilling results were reported in the press release dated 10 November 2021.
Elbert Loois, CEO of E-Tech Resources Inc., commented:
“The assay results received to date reveal further extension of the mineralization both to depth and along strike. Further monazite bearing carbonatitic dykes have been intersected, which suggests connectivity of Zones 1 and 2. We are excited about the perspective of further expanding the extent of the known mineralisation during our ongoing second campaign of diamond drilling. After receipt of the remaining drill hole assays our next step will include the development of a resource block model as a basis for updating the current Mineral Resource Estimate.