Neotech Metals Corp. Announces Filing of NI 43-101 Technical Report for TREO Rare Earth Property
Neotech Metals Corp. Announces Filing of NI
43-101 Technical Report for TREO Rare Earth
Property
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2023) -
Neotech Metals Corp.
(CSE:
NTMC) (OTCQB: NTMFF) (FSE: V690) ("Neotech" or the "Company") is pleased to announce the filing
of its National Instrument 43-101 ("NI 43-101") Technical Report for the TREO Rare Earth Property
("TREO" or the "Property") located near Prince George, British Columbia.
Key Highlights of the NI 43-101 Technical Report:
Strategic Location and Access
: The TREO Property, situated 80 km northeast of Prince
George, encompasses approximately 16,286.30 hectares within 40 unpatented mining claims,
wholly owned by Neotech. The Property benefits from excellent access and proximity to crucial
infrastructure, including highways, railways, and power supplies.
Geological Setting and Mineralization
: Positioned in the mineral-rich Foreland Belt near the
Omineca Belt, the TREO Property is primed for rare earth and rare metal deposits. It primarily
comprises Neoproterozoic to Ordovician period rocks, including significant limestone, argillites,
and phyllites formations. It is distinguished by the presence of the Carbonatite complex, enriched in
light rare earth element (LREE)-bearing minerals such as bastnasite, parasite, and monazite,
alongside valuable rare metals like niobium and columbite.
Extensive Historical and Recent Exploration
: The TREO Property has been the focus of
exploration activities since the 1960s, with a peak in exploration between 2006-2011. During this
period, several companies conducted extensive prospecting, mapping, rock sampling, soil
geochemical and geophysical surveys, as well as diamond drilling. Drilling results have
consistently shown significant TREO values, such as 4.7% TREO (Total Rare Earth Oxides) over
0.9 m to 1.39% TREO over 37.3 m, among other notable intercepts. In 2023, Neotech embarked
on a comprehensive exploration program, collecting 1493 soil samples, 75 stream sediment (silt)
samples, and 42 rock samples. The results from these samples are pending but are expected to
build upon the historical data and further elucidate Property's potential.
Proximity to Established Deposits
: Adjacent to the prolific Wicheeda Carbonatite deposit*, the
TREO Property's location demonstrates excellent potential with comparable geophysical
signatures and geological occurrences on-trend from the proposed mine, positioning it as a highly
prospective exploration target.
Future Exploration Plans
: Neotech has outlined a robust two-phase exploration program to
advance the economic potential of the TREO Property. The initial phase, budgeted at
approximately $600,817, will focus on high-resolution aerial and ground surveys, mapping, and
geochemical sampling.
Mr. Reagan Glazier, CEO and Director of Neotech, commented, "The NI 43-101 Technical Report filing
is a significant milestone for Neotech Metals Corp. It not only reaffirms the TREO Property's potential as
a notable rare earth element project but also lays the groundwork for our upcoming exploration
endeavors. We are excited about the prospects of the TREO Property and remain committed to
responsibly unlocking its value for our shareholders and contributing to the sustainable supply of critical
minerals."
The complete NI 43-101 Technical Report, prepared by Faarnad Geological Consulting Inc., is available
on the Company's website and under its profile on
SEDAR+
.
The technical information in this news release has been reviewed and approved by Ike Osmani, P.Geo.,
a consultant to the Company who is a qualified person as defined in National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
*
The QP has not verified the resource data and mineralization on the adjacent Wicheeda
deposit; therefore, the reader is cautioned that it does not necessarily indicate that
mineralization will extend from the adjoining deposit onto the TREO Property.
About Neotech Metals Corp.
The Company is a mineral exploration company based in Vancouver, B.C., which owns 40 rare earth
mineral claims (the "TREO Property") and holds an option on the EBB nickel-cobalt property, all of which
are located in British Columbia, Canada.
Contact information
For More Information, please contact:
Reagan Glazier, Chief Executive Officer
E-mail:
Telephone: (403) 815-6663
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-Looking information in this news release include statements relating to
the Company's 43-101 technical report. Generally, forward-looking information can be identified by the
use of forward-looking terminology such as "will", "will be" or variations of such words and phrases or
statements that certain actions, events or results "will" occur. Forward-Looking statements are based on
the opinions and estimates of management as of the date such statements are made and they are from
those expressed or implied by such forward-looking statements or forward-looking information subject to
known and unknown risks, uncertainties and other factors that may cause the actual results to be
materially different, including receipt of all necessary regulatory approvals. Although management of the
Company have attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward- looking statements and forward-looking information. The Company will not update any forward-
looking statements or forward-looking information that are incorporated by reference herein, except as
required by applicable securities laws.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
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