E-Tech Resources Inc. Announces Final Assay Results of Phase 1 Diamond Drilling Programme from its Eureka Project in Namibia
E-Tech Resources Inc. Announces Final Assay
Results of Phase 1 Diamond Drilling
Programme from its Eureka Project in Namibia
Halifax, Nova Scotia--(Newsfile Corp. - March 17, 2022) - E-Tech Resources Inc. (TSXV: REE) (FSE:
K2i) ("E-Tech" or the "Corporation") is pleased to announce the final batch of assay results from the first
diamond drilling campaign ("C1") completed
at the Eureka REE Project ("Eureka" or the "Project"),
located in central Namibia. Significant intersections include 11.2m @ 1.2% Total Rare Earth Oxide
("TREO") (ED013), 2.2m @ 2.4% TREO (ED014), 8.8m @ 1.0% TREO (ED015) and 6.3m @ 1.9%
TREO (ED020). The results from these five holes, all of which intersected mineralisation, have continued
to confirm the presence of mineralisation in Zones 1 and 3 at depth and with lateral continuity. Previous
diamond drilling results were reported in the press releases dated 10 November 2021 and 10 February
2022.
Elbert Loois, CEO of E-Tech Resources Inc., commented:
"The assay results received to date confirm mineralization to the depth extent of present drilling and
along strike between Zones 1 and 3. After receiving these latest assay results, we can now report that
work on the update of the current Mineral Resource Estimate has commenced - starting with the
resource block model - which is expected to be released in Q2 2022. Additional assay results from the
second drilling campaign completed in February 2022 are pending."
The newly received assay results are part of the resource expansion program for Zones 1, 2 and 3,
which was completed in late September 2021 totalling 5,761 meters of diamond drilling (DD) in 20
holes.
Figure 1
indicates the drill collar positions and the assays received to date from the DD and RC
holes completed. These assay results include the newly received batch of 363 samples out of a total of
1,289 samples, representing holes ED013, ED014, ED015, ED018 and ED020.
FIGURE 1: Plan view showing drill hole collars and drill traces at Eureka, Namibia and assays
received status to date. Blue diamonds are assays received, including the 5 newly received
holes ED013, ED014, ED015, ED018, ED020. Red lines represent traces of the DD holes of
these new assay results. Red dots are RC holes drilled in 2017.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6102/117161_4e3bc734c4c3daee_001full.jpg
.
The assay results from Holes ED013, ED015 and ED018, ED020 support both depth and lateral
continuity of REE mineralisation with intercepts recorded to a vertical depth of 250m, compared to a
maximum vertical depth of 60m used to complete the current Mineral Resource Estimate ("MRE")
prepared by SRK Consulting (UK) ("SRK") with an effective date of 2 August 2021. Assay results from
Holes ED013, ED014, ED015, ED018 and ED020 further support the geometric interpretation that the
carbonatite host rocks are structurally controlled and may be described as a series of stacked bodies.
The full set of assay results of this drilling programme (RC and DD) will be incorporated into the resource
block model, which will then be used as the basis for an update of the current MRE.
A summary of the most significant assay results received from the five (5) diamond drill holes reported
above is provided in
Table 1
.
TABLE 1: Significant intercepts from the outstanding analytical results of diamond drilling (DD)
campaign (Jun-Aug '21). 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.
Hole
From
To
m
Interval
m
TREO %
Coordinates
Zone
ED013
13
15
2.0
0.9
526311
7562626
Zone 1
ED013
121
122
1.0
0.4
Zone 1
ED013
172
173
1.0
0.3
Zone 1
ED013
198.1
198.6
0.5
2.7
Zone 1
ED013
224.4
225.2
0.8
0.8
Zone 1
ED013
241
244
3.0
0.4
Zone 1
ED013
245
248.7
3.7
0.4
Zone 1
ED013
256.8
257.6
0.8
0.5
Zone 1
ED013
261.2
263.5
2.3
0.6
Zone 1
ED013
265.6
266.5
0.9
0.5
Zone 1
ED013
267.9
279.1
11.2
1.2
Zone 1
incl.
275.7
279.1
3.4
1.6
Zone 1
ED013
282.8
284.6
1.8
0.4
Zone 1
ED013
296.6
298.3
1.7
0.4
Zone 1
ED013
310
313.3
3.3
0.6
Zone 1
ED013
317.7
321.1
3.4
2.5
Zone 1
ED014
31.5
32.4
0.9
0.5
526290
7562277
Zone 3
ED014
35.8
36.9
1.1
1.1
Zone 3
ED014
44.8
47.1
2.3
0.8
Zone 3
incl.
45.8
46.3
0.5
1.7
Zone 3
ED014
54.3
56.1
1.8
1.0
Zone 3
ED014
60.8
63
2.2
2.4
Zone 3
ED014
70.2
71.1
0.9
0.8
Zone 3
ED014
91.2
92.1
0.9
0.5
Zone 3
ED014
112.7
113.6
0.9
0.8
Zone 3
ED014
119.2
120.1
0.9
0.3
Zone 3
ED014
133.5
135
1.5
0.8
Zone 3
ED014
181.2
181.5
0.3
0.8
Zone 3
ED015
37.6
38.9
1.3
1.1
526297
7562334
Zone 3
ED015
70.1
71.5
1.4
1.3
Zone 3
ED015
81.7
90.5
8.8
1.0
Zone 3
incl.
81.7
86.1
4.4
1.4
Zone 3
ED015
105.8
107.1
1.3
0.5
Zone 3
ED015
156.3
156.8
0.5
2.6
Zone 3
ED015
241.7
244.3
2.6
0.6
Zone 3
ED015
249.6
250.2
0.6
4.0
Zone 3
ED015
254.9
256
1.1
0.3
Zone 3
ED015
257
257.9
0.9
0.8
Zone 3
ED015
259.2
259.5
0.3
1.3
Zone 3
ED015
291.5
291.8
0.3
1.4
Zone 3
ED018
90.9
91.4
0.5
1.5
526314
7562499
Zone 1
ED018
167.1
167.5
0.4
3.3
Zone 1
ED018
169.4
170.8
1.4
0.8
Zone 1
ED018
201.8
204.4
2.6
1.0
Zone 1
ED018
213.5
214.6
1.1
1.6
Zone 1
ED018
215.8
217.1
1.3
1.4
Zone 1
ED018
238.1
239.9
1.8
0.3
Zone 1
ED018
244.5
245.4
0.9
0.4
Zone 1
ED018
257.7
258.6
0.9
0.6
Zone 1
ED020
164.6
164.9
0.3
4.8
526352
7562427
Zone 1
ED020
170
171.4
1.4
0.5
Zone 1
ED020
201
201.7
0.7
2.1
Zone 1
ED020
223.7
230
6.3
1.9
Zone 1
incl.
224.5
227
2.5
3.2
Zone 1
ED020
257.5
258.5
1.0
0.9
Zone 1
Eureka Technical Disclosure
The Corporation produced its current Mineral Resource Estimate ("MRE") for the Eureka Project with an
effective date of 2 August 2021. The MRE was prepared by SRK Consulting (UK) ("SRK"). An
Independent Technical Report titled: "Independent Technical Report: Eureka, Rare Earth Project,
Namibia" was originally released on the 15 September 2021, supporting the disclosure of the MRE, and
is available on SEDAR and the Corporation's website.
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 a director of GeoAfrica Prospecting
Services cc and 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.
Mr. Siegfried consents to the inclusion of this information for the announcement.
About E-Tech Resources Inc.
E-Tech Resources Inc. 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 140km 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
License ("EPL") number EPL 6762, which covers farms Eureka 99 and Sukses 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. The Corporation continues to assess new
project opportunities and expand its Southern African portfolio.
Further details are available on the Corporation's website at
www.etech-resources.com
or contact
Elbert Loois, 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 programs 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:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/117161