E-Tech Resources Inc. Announces High-Grade Rare Earth Results From Ongoing Prospecting Program on Eureka REE Project.
HALIFAX, NOVA SCOTIA – (CNW – April 13, 2023) – E-Tech Resources Inc. (“E-Tech“ or the “Company“) (TSX-V:REE) is pleased to announce assay results from its ongoing prospecting program at its Eureka REE Project (“Eureka” or the “Project”)
Assay results from thirty-eight (38) rock chip samples collected during the wider exploration program of the Eureka REE prospect have been received from the laboratory with confirmed REE mineralisation including:
- 6.84% TREO (P6860) and 5.22% TREO (P6859) in two samples located approx. 800 m from Zone 1, within drill target T09 (see News Release dated November 16, 2022).
- An additional four (4) samples returned assays grading between 0.48% and 3.05% TREO, validating new targets defined by the Company.
A summary of all rock chip assay results is provided in Table 1, and sample locations are provided in Figure 1.
Chris Drysdale, Director of E-Tech Resources, commented: “Our continued success in identifying mineralised targets within the Eureka project is a testament to our growing proficiency in REE exploration. By investing in our exploration program and utilizing advanced exploration methods, we have expanded our understanding of the geology and mineralisation potential of the Eureka project. These results are prime example of our expertise in identifying targets, and we look forward to more results over the coming weeks. It is extremely encouraging that new mineralisation has been found in these newly identified areas and these results show there is potential for more to be discovered. We are excited to continue exploring and expanding our understanding of the project’s mineralisation potential.”
Purpose of Ongoing Prospecting Program:
To provide follow-up to the 2022 exploration drilling program and allow for validation of exploration targeting methods to assist in the development of additional targets and prioritization of future drill targets.
- Geological mapping and rock chip sampling for geochemical analysis targeting prospective areas of interest identified during the 2022 drilling programs and wider area high-resolution ground geophysical surveys (radiometric and magnetic), prioritizing large areas with contiguous anomalous thorium radiometric signature.
- Exploration results from the ongoing field program are being continually integrated with the 2022 drilling results to define more priority targets for future drill testing.
Summary and Discussion of Prospecting Results:
The prospecting and sampling program has demonstrated that the Eureka Dome has the potential to be well-endowed with REE mineralisation and the occurrences identified provide compelling support for the presence of further and similar style high-grade, carbonatite hosted REE mineralisation. Planning of follow-up efforts is currently underway to maximize further discoveries. These grab sample assay results, together with our high-resolution geophysical dataset and the extensive structural geological mapping carried out during the prospecting program, led to the confirmation that the Eureka Dome plays a critical role in the mineralisation model. Structurally, the Eureka Dome is an upright, km-scale, northeast-trending, northeast-plunging fold that forms part of the regional-scale pattern of F2/3 folds in the southern Central Zone (sCZ) of the Damara Orogenic Belt. The Dome has steep, near-vertical limbs with a wide more structurally complex internal geometry, and is associated with northeast-plunging mineral stretching lineations and outcrop-scale sheath folds. Interpretation from the high-resolution ground magnetic geophysical survey data further indicates the presence of km-scale northeast-, east-northeast- and northwest-trending linear structures (faults, shears) that may act as large conduits for focusing mineralised fluid movement. The ongoing prospecting programs observations and results are now indicating substantial potential for REE mineralisation in the broader area. With the recent acquisition of EPL8748 (see News Release dated March 28, 2023), the company now has access to a 100% of the Eureka Dome for further structural interpretation.