Drilling Underway at NeoTerrex Minerals' Valour Project, Quebec
Drilling Underway at NeoTerrex Minerals'
Valour Project, Quebec
Ottawa, Ontario--(Newsfile Corp. - November 20, 2024) - NeoTerrex Minerals Corp. (TSXV: NTX)
("NeoTerrex" or the "Company") is pleased to announce the launch of a 1,500-metre maiden drill
program on its Valour project, located in the gold and critical minerals-rich Abitibi geological sub-
province, 60 kilometres northwest of Waswanipi, Quebec and adjacent to Kenorland Minerals'
Chebistuan property, which is currently under an exploration agreement with Newmont Corporation.
The drill program targets modelled magnetic bodies that coincide with strong electromagnetic
responses and anomalous copper identified in grab samples (refer to press release dated October 24,
2024). This area also features regional geological attributes favorable for mineralization, including
volcanic and sedimentary rock units, a major unconformity, a significant fold axis, and a young intrusive
body to the southeast.
Mathieu Stephens, NeoTerrex's President and CEO, stated, "As we embark on this drilling campaign,
we are keenly aware of the rich mining history in the region. The Company has refined its interpretation
of exploration data collected over the past few weeks to enhance target delineation. Our team is excited
about the potential for new discoveries at Valour."
Management emphasized the Company's commitment to a thorough and efficient drilling program,
aimed at uncovering valuable resources while adhering to the highest standards of environmental
stewardship. Mr. Stephens also highlighted the importance of community engagement, noting, "We are
actively involving the local community, and we appreciate their participation in the Company's daily
operations."
Qualified Persons
Technical and scientific aspects of this news release have been reviewed, verified, and approved by
Mathieu Stephens, P.Geo., President and CEO of NeoTerrex, the Qualified Person, as defined by
National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About NeoTerrex
The Company is currently advancing its prospective critical minerals projects located in the province of
Quebec with the majority of its projects located within or near areas with excellent infrastructure.
NeoTerrex is positioning itself to capitalize on the growing critical minerals sector in North America with
the exploration and development of new deposits.
For further information, please contact:
NeoTerrex Minerals Inc.
Mathieu Stephens, President & Chief Executive Officer
343-308-2648
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release may contain certain forward-looking information and statements, including without
limitation, statements pertaining to NeoTerrex's future plans, objectives or goals regarding the drill
program of the Company. All statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and uncertainties.
The Company
does not undertake to update any forward-looking information except in accordance with applicable
securities laws. There can be no assurance that such information will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such information. A description
of assumptions used to develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information can be found in the
Company's disclosure documents on the SEDAR+ website at
www.sedarplus.ca
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/230672