E-Tech Resources Announces Diamond Drilling Intersects Thick, Rare Earth Element (REE) Mineralisation, Open at Depth and Along Strike at Eureka
E-Tech Resources Announces Diamond
Drilling Intersects Thick, Rare Earth Element
(REE) Mineralisation, Open at Depth and Along
Strike at Eureka
Halifax, Nova Scotia--(Newsfile Corp. - November 3, 2022) - E-Tech Resources Inc. (TSXV: REE) ("
E-
Tech or the Corporation
") is pleased to announce that its Phase 2 diamond drilling program has again
successfully intersected shallow and thick REE mineralisation at its 100% owned Eureka REE Project
Highlights from the diamond drilling include:
Drill Hole ED028 intersected 8.2m at 2.6%TREO from 83m
(including 3.7m at 4.7% TREO)
Drill Hole ED027 intersected 7.9m at 1.4%TREO from 58m
(including 4.9m at 2.1% TREO)
Jim Megann, Interim CEO commented
, "The significant scale potential of the Eureka Project continues
to be underscored by our repeatable quality REE results and we look forward to further drilling
commencing this month. These intercepts of shallower and wider zones of mineralization will add
significant tonnage potential to the current Zone 1 and 3 areas."
A total of 376 samples (including standards, duplicates and blanks) from the 11 hole 2226 meter
diamond drilling program have been analysed. The objective of this diamond drill program was to gain a
firm understanding of the structural and lithological controls on mineralization at Zones 1, 2 and 3.
Following this program, further RC and diamond drilling will be undertaken over these new areas as well
as those already identified along strike.
The recently completed detailed magnetic and radiometric ground survey has resulted in the
identification of anomalies prospective for REE mineralization. The magnetic data indicates that there is
potential for similar styles of REE mineralization up to >4km in strike extent, with significant potential
identified beyond the initial drilling targets. The company is therefore currently undertaking a full review of
all its exploration results and data received to date, with a view to announcing our next stage of
exploration.
Christopher Drysdale, Director added, "
These diamond drilling results represent the final outstanding
drill results from the Phase 2 drill program conducted earlier this year. Our understanding of the
petrophysical properties of the Eureka project has expanded exponentially. This understanding has
continued to identify new targets and trends, and on which to date we have not conducted any drill
testing. We look forward to receiving more exploration results and to inspecting the new targets on our
project area."
FIGURE 1: Plan view of drill hole positions at Eureka illustrating all assay results received from
diamond drilling campaign. Purple areas represent the current 2021 Mineral Resource Estimate
(MRE).
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6102/142932_e929a32844f40a0a_001full.jpg
.
Hole
From
To
Interval m
TREO %
Co-ords
Zone
ED021
78.9
79.4
0.5
2.9
526415
7562603
Zone 1
ED021
166.1
167.7
1.6
3.5
Zone 1
ED022
111.7
112.9
1.2
3.1
526330
7562373
Zone 3
ED022
140.0
141.0
1.0
1.2
Zone 3
ED022
197.9
198.2
0.3
2.0
Zone 3
ED023
73.3
74.6
1.3
1.6
526163
7562410
Zone 2
ED023
98.9
99.6
0.7
0.5
Zone 2
ED023
195.4
195.9
0.5
2.6
Zone 2
ED024
97.0
98.5
1.5
0.7
526200
7562479
Zone 2
ED024
105.9
106.3
0.4
0.8
Zone 2
ED024
110.2
111.6
1.4
1.3
Zone 2
ED024
142.1
142.7
0.6
0.5
Zone 2
ED024
154.1
154.5
0.4
1.7
Zone 2
ED024
170.0
171.1
1.1
0.4
Zone 2
ED024
187.1
187.5
0.4
1.5
Zone 2
ED025
123.0
123.7
0.7
1.5
526255
7562441
Zone 3
ED025
137.9
138.9
1.0
0.6
Zone 3
ED025
142.6
143.4
0.8
0.5
Zone 3
ED025
152.5
154.6
2.1
0.3
Zone 3
ED025
157.4
160.8
3.4
0.3
Zone 3
ED025
174.2
175.5
1.3
0.6
Zone 3
ED025
179.1
179.7
0.6
0.5
Zone 3
ED025
188.9
190.5
1.6
0.9
Zone 3
ED025
200.8
201.5
0.7
1.6
Zone 3
ED026
57.1
57.6
0.5
0.7
526464
7562554
Zone 1
ED026
66.9
68.7
1.8
1.4
Zone 1
ED026
74.9
75.6
0.7
2.9
Zone 1
ED026
139.8
141.0
1.2
6.4
Zone 1
ED026
149.0
150.2
1.2
2.0
Zone 1
ED026
187.0
187.6
0.6
0.9
Zone 1
ED027
58.0
65.9
7.9
1.4
526174
7562210
Zone 3 S
incl.
61.0
65.9
4.9
2.1
Zone 3 S
ED027
70.5
71.5
1.0
0.5
Zone 3 S
ED027
76.4
77.4
1.0
2.0
Zone 3 S
ED027
89.6
90.7
1.1
3.9
Zone 3 S
ED027
92.3
92.6
0.3
1.1
Zone 3 S
ED027
93.5
94.9
1.4
2.9
Zone 3 S
ED027
108.9
109.3
0.4
1.1
Zone 3 S
ED027
140.2
141.0
0.8
0.6
Zone 3 S
ED028
36.9
39.4
2.5
1.9
526293
7562185
Zone 3 S
ED028
83.0
91.2
8.2
2.6
Zone 3 S
incl.
83.0
86.7
3.7
4.7
Zone 3 S
ED028
97.5
97.9
0.4
2.2
Zone 3 S
ED028
153.7
154.7
1.0
1.5
Zone 3 S
ED028
157.5
158.0
0.5
0.9
Zone 3 S
ED028
173.0
173.7
0.7
4.5
Zone 3 S
ED028
185.2
185.9
0.7
1.9
Zone 3 S
ED030
62.2
63.1
0.9
1.1
526252
7562079
Zone 3 S
ED030
96.3
96.9
0.6
0.9
Zone 3 S
ED030
125.8
126.5
0.7
1.6
Zone 3 S
ED031
25.0
26.6
1.6
1.1
526361
7562056
Zone 3 S
ED031
145.4
146.6
1.5
0.7
Zone 3 S
ED031
161.1
161.7
0.6
2.6
Zone 3 S
TABLE 1: Significant intercepts from the 2022 Diamond Drilling campaign. *
*Hole locations are provided in UTM Zone 33S. Reported intercepts are drilled lengths while the true thickness of the mineralisation is estimated
to range between 60 and 80 per cent of the drilled lengths. Further drilling is necessary to establish the true thickness of the mineralisation.
Eureka Project Technical Disclosure
The current Mineral Resource Estimate ("MRE") for the Eureka Project was prepared by SRK
Consulting (UK) ("SRK") effective from 2 August 2021, while an independent Technical Report titled
"Independent Technical Report: Eureka, Rare Earth Project, Namibia" was released on the 15
September 2021 and prepared by SRK, supporting the disclosure of the MRE, and is available on
SEDAR and the Corporation's website. (
https://etech-resources.com
).
Quality Assurance / Quality Control
All E-Tech sample assay results have been independently monitored through a quality assurance /
quality control ("QA/QC") program including the insertion of certified reference standards, blanks and
duplicate samples. QA/QC samples make up 10% of all samples submitted. Drill core is sawn in half on
site and half drill-core samples are securely transported to Activation Laboratories Ltd. sample
preparation facility in Windhoek, Namibia. The core is dried, crushed to 90% passing 2 mm, riffle
splitting a 250 g sub-sample and pulverizing to 95% passing 105 µm. Sample pulps are sent to
Activation Laboratories Ltd. in Ontario, Canada for analysis. REE analysis is by method 8-REE. The
sample is milled to 95% -200 mesh. To ensure complete fusion of resistate minerals, lithium
metaborate/tetraborate fusion is used with analysis by ICP-OES and ICP-MS.
Qualified Person
Pete Siegfried, BSc. (Hons), M.Sc., is a Consulting Geologist and director of GeoAfrica Prospecting
Services CC. Mr Siegfried has reviewed and approved the scientific and technical information in this
news release. Mr. Siegfried is a member of The Australasian Institute of Mining and Metallurgy (AusIMM)
membership number: 221116 (CP Geology), and a Qualified Person for the purposes of National
Instrument 43-101.
About E-Tech Resources Inc.
E-Tech Resources Inc. (TSXV: REE) is a rare earth exploration and development company focused on
developing its Eureka Rare Earths Project in Namibia. The Eureka Project is located approximately 250
km north-west of Namibia's capital city Windhoek and 140 km east of Namibia's main industrial port
Walvis Bay. The project is situated next to the national B1 highway in the Erongo Region of Namibia. The
Eureka deposit lies in the Southern Central Zone of the Neoproterozoic Damara Belt within Exclusive
Prospecting Licence ("EPL") number EPL 6762; which covers Eureka Farm 99 and Sukses Farm 90.
Namibia is recognized as one of Africa's most politically stable jurisdictions, with an extremely well-
established national infrastructure and a clear and transparent mining law.
Further details are available on the Corporation's website at
www.etech-resources.com
or
contact Jim Megann, CEO of E-Tech Resources Inc., at +1 902 334 1949
Cautionary Statements
This press release may contain forward-looking information, such as statements regarding the
completion of the work in Namibia by E-Tech and future plans and objectives of E-Tech. This
information is based on current expectations and assumptions (including assumptions in connection
with the continuance of the applicable company as a going concern and general economic and
market conditions) that are subject to significant risks and uncertainties that are difficult to predict,
including risks relating to the ability to satisfy the conditions to completion of exploration programmes
and work in Namibia. Actual results may differ materially from results suggested in any forward-
looking information. E-Tech assumes no obligation to update forward-looking information in this
release, or to update the reasons why actual results could differ from those reflected in the forward-
looking information unless and until required by applicable securities laws. Additional information
identifying risks and uncertainties is contained in filings made by E-Tech with Canadian securities
regulators, copies of which are available at
www.sedar.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/142932