E-Tech Resources Confirms Rare Earth Mineralization in Over 90% of Trenches at Eureka Property in Namibia
E-Tech Resources Confirms Rare Earth
Mineralization in Over 90% of Trenches at
Eureka Property in Namibia
Halifax, Nova Scotia--(Newsfile Corp. - March 21, 2024) - E-Tech Resources Inc. (TSXV: REE) (FSE:
K2I) ("E-Tech" or the "Company") is pleased to announce the successful completion of its trenching and
sampling program at the Eureka project in Namibia. The program revealed significant rare earth oxide
mineralization across multiple locations within Exclusive Prospecting License ("EPL") 6762.
Highlights:
The trenching program results continue to confirm the Company's new exploration model.
Early results support the concept of a large-scale, stratigraphic, and structural corridor within the
Eureka Dome which hosts the rare earth mineralization (see news release:
February 6, 2024
).
Four out of the five new targets confirmed rare earth mineralization.
18 out of the 19 focussed trenches (639 meters) intercepted rare earth elements bearing monazite
mineralization similar to that found in the Eureka Central discovery deposit.
"Excavation, mapping, sampling, and pXRF analysis for E-Tech's trenching program has been
completed.
It is encouraging to see that rare earth mineralization is much more widely distributed within
the license than had previously been identified. We have achieved the objectives for the Q1 trenching
program and the results have exceeded our expectations," said Todd Burlingame, CEO of E-Tech.
"Our understanding of the Eureka rare earth project and our targeting method continues to improve. The
confirmed presence of rare earth mineralization in 18 out of 19 locations selected for this trenching
program continues to validate the targeting model.
The correlation of the new geochemical soil anomalies with ultra-high resolution aeromag signatures
have led to the interception of mineralized materials at shallow depths (sub-crop) in the trenches.
The occurrence of mineralized sub-crop found to the northeast of the geochemical anomalies provides
further confirmation that surface materials appear to have mobilized over time and have migrated to the
southwest from the point of origin.
This program has identified an arcuate trend containing new, highly prospective targets across the EPL
6762 section of the Eureka Dome.
We are pushing forward with our exploration program as we prepare
for a proposed 2024 drill program in Q3 2024. We look forward to further exploration of adjacent EPL
8748 to test the continuation of this trend across the entire Eureka Dome structure."
Q1 2024 Trenching Program
The trenches targeted rare earth mineralization under cover in the new prospects T9, T15, T16, Eureka
East, and Eureka Southeast that were identified by the 2023 systematic regional soil sampling program.
Preliminary pXRF analysis of meter samples from 18 out of the 19 trenches have returned Total Rare
Earth Oxide
[1]
(TREO) readings ranging from 1% to 8.7% in the mineralized intercepts. The results are
consistent with data from the historical trenches at Eureka Central. Over 170 samples have been
collected and will be submitted for laboratory assay to confirm what are only indicative results from the
pXRF.
The preliminary results support the Company's new geological concept and mineralization model, which
indicates additional exploration potential on the adjacent EPL 8748.
Figure 1: Rare earth element anomalies on EPL 6762.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/202565_a40a6edf24fefb8e_001full.jpg
Figure 2: Q1 Trenching program targets and visible monazite from T071B (Target 9) and T077 (Target
16).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/202565_a40a6edf24fefb8e_002full.jpg
About E-Tech Resources Inc.
E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) is a rare earths exploration company focused on
developing its Eureka Rare Earths Project in Namibia. Eureka represents a district-scale swarm of calc-
silicate hosted monazite mineralization.
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 crossed by the national B1
highway and right next to the main national railroad line. The Eureka project is based on EPL 6762. E-
Tech has also entered into a definitive agreement to acquire an 85% interest in EPL 8748, which lies
adjacent to and surrounds the Company's EPL 6762.
Namibia is recognized as one of Africa's most politically stable jurisdictions, with an extremely well-
established infrastructure and clear and transparent mining legislative and regulatory framework.
Qualified Person
Keith Webb, BSc Honours in Applied Geology, is a Consulting Geologist with 37 years' experience in
the mining and exploration sector and has reviewed and approved the scientific and technical
information in this news release. Mr. Webb is a Member of The Australasian Institute of Geoscientists
(AIG) membership number: 3688, and a Qualified Person for the purposes of National Instrument 43-101
- Standards of Disclosure for Mineral Projects.
Cautionary Statements
This press release may contain forward-looking information. This information is based on current
expectations and assumptions (including assumptions relating to general economic and market
conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results
may differ materially from results suggested in any forward-looking information. E-Tech does not assume
any 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
securities laws applicable to E-Tech. Additional information identifying risks and uncertainties is
contained in the filings made by E-Tech with Canadian securities regulators, which filings are available
at
www.sedarplus.ca
.
Neither the 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.
For further information, please contact Todd Burlingame, CEO of E-Tech Resources Inc., at (782) 409-
5474.
1
Total Rare Earth Oxides (TREO) refers in this press release to the sum of La2O3, Ce2O3, Pr2O3 and Nd2O3 only, as it is limited by the range of
elements analysed by the pXRF.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/202565