NeoTerrex Discovers Heavy Rare Earths at Surface at Galactic: Grab Samples Yield up to 12.23% TREO and 4.56% HREO
NeoTerrex Discovers Heavy Rare Earths at
Surface at Galactic: Grab Samples Yield up to
12.23% TREO and 4.56% HREO
Ottawa, Ontario--(Newsfile Corp. - August 22, 2024) - NeoTerrex Minerals Inc. (TSXV: NTX)
("NeoTerrex" or the "Company") is pleased to announce results from its maiden surface exploration
program at the Galactic project in eastern Quebec.
Highlights
A total of 156 grab samples were collected from outcrop and angular boulders ranging
from below detection up to 12.23%Total Rare Earth Oxides (TREO).
58 samples assayed over 0.1% TREO, including 12 over 1% TREO.
Dysprosium content, a critical heavy rare earth element (HREO) content is significant
within 39 samples returning between 0.01% Dy2O3 and 0.54% Dy2O3, including one
sample having assayed 4.56% HREO.
Neodymium, a light rare earth, is also present with 19 samples assaying between 0.1%
and 1.6% Nd2O3.
27 samples assayed significant Niobium values ranging from 0.1%Nb to 1.1% Nb.
The Galactic project, spanning 6,160 hectares, is located 50 km northwest of the major mining port of
Sept-Îles, Quebec and within 35 km of highway access and electricity. NeoTerrex geologists had
identified the area as having excellent potential for heavy rare earth mineralization within a peralkaline
granitic complex, a common environment for significant heavy rare earth deposits.
The Galactic project was mostly explored in the 1970s when Niobium was first discovered. It has since
remained relatively unexplored until NeoTerrex completed a 3-week, helicopter-assisted exploration
program in June 2024 which focused on the southwestern portion of the project where bedrock exposure
seemed more prevalent. 156 grab samples were taken over an area covering approximately 2,150
hectares. A map of the area is provided below.
Mathieu Stephens, President and CEO for NeoTerrex commented: "The fact that mineralization is
considered high grade in heavy rare earths and has been sampled over a widespread area of 4
kilometres by 1.5 kilometres is very encouraging. The geological environment and ratio of heavy to light
rare earths is reminiscent of the Strange Lake area which makes the discovery even more remarkable."
Figure 1: Galactic Project
To view an enhanced version of this graphic, please visit:
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Mineralization is principally associated with swarms of synetitic and pegmatitic dykes within larger
intrusives or gneiss. The dykes contain various exotic minerals that could not be identified in the field.
Mineralogy studies are underway to determine the nature of the minerals observed. A summary of the
best samples is provided in Table 1 below. The reader is cautioned that grab samples are selective
samples and may not necessarily be representative of the mineralization hosted on the Property.
Table 1: List of new discoveries. TREO and Niobium in grab samples.
Showing
Sample
UTME
UTMN
TREO
(%)
HREO
(%)
HREO/TREO
Dy2O3
(%)
Nd2O3
(%)
Nb
(%)
Orion
L766204
638306
5590349
12.23
0.14
1%
0.02
1.62
0.0%
Gemini 1
L766044
639828
5588994
10.51
4.56
43%
0.55
1.05
0.9%
Andromeda 1
L766071
640120
5588236
7.22
3.18
44%
0.35
0.74
0.9%
Andromeda 2
L766016
640092
5588195
3.21
0.44
14%
0.06
0.53
0.1%
Canis Major
L766007
639980
5587984
4.41
2.17
49%
0.24
0.39
0.4%
Andromeda 3
L766024
640086
5588170
2.47
0.40
16%
0.05
0.38
0.2%
Centaurus
L766140
639854
5587826
4.58
2.86
62%
0.28
0.33
1.0%
Andromeda 4
L766069
640152
5588214
3.79
2.26
60%
0.22
0.26
0.4%
Andromeda 5
L766017
640122
5588243
2.72
1.31
48%
0.13
0.25
0.8%
Pegasus
L766048
638864
5588830
1.13
0.41
36%
0.06
0.20
1.1%
Canis Minor
L766015
640013
5587972
1.05
0.14
14%
0.02
0.16
0.1%
Andromeda 6
L766063
640062
5588225
1.33
0.40
30%
0.04
0.15
0.3%
Cygnus
L766042
639699
5588962
1.01
0.24
24%
0.03
0.15
0.3%
Aquarius
L766153
641905
5588183
0.87
0.11
13%
0.01
0.13
0.0%
Taurus
L766190
640501
5587984
0.85
0.16
19%
0.02
0.12
0.1%
Hydra
L766047
639063
5588932
0.92
0.26
28%
0.03
0.12
0.2%
Gemini 2
L766045
639821
5588991
1.19
0.58
48%
0.05
0.11
0.5%
Sagittarius
L766151
641309
5588272
0.86
0.44
51%
0.04
0.09
0.5%
Ursa
L766193
640496
5587824
0.97
0.54
56%
0.05
0.08
0.3%
Additional samples remain to be reported for the project, including a series of channel samples taken in
several locations. Management prioritizes local involvement and plans to engage with nearby
communities in preparation for a second phase of exploration on the multiple discoveries and the areas
not yet covered.
QAQC
Analyses were performed by ALS Canada Ltd. with the analytical procedure performed in Vancouver
(BC). All samples were analyzed for rare earth elements (REEs) using the method ME-MS89L. Ce, Dy,
La, Nd, Pr and Y were used for monitoring the analyses.
A total of 8 blanks and 7 certified reference materials (CRMs) with known grades (OREAS 463) were
inserted among the samples for an insertion rate of 9.6%. Rare earth element concentrations were
provided from a lithium borate fusion with ICP-MS analysis (ME-ICP81 and ME-MS89L).
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 rare earths projects located in the province of
Quebec with the majority of its projects located within or near areas with excellent infrastructure. Rare
earths are critical in manufacturing high-tech products such as smartphones, electric vehicles, and wind
turbines as well as to military applications. NeoTerrex is positioning itself to capitalize on the rare earths
sector and its lack of any supply chain in North America, including exploration and development of new
deposits.
For further information, please contact:
NeoTerrex Minerals Inc.
Mathieu Stephens, President & Chief Executive Officer
343-308-2648
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the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
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.
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