E-Tech Resources Inc. Announces High-Grade Rare Earth Results from Ongoing Prospecting Program on Eureka REE Project
E-Tech Resources Inc. Announces High-Grade
Rare Earth Results from Ongoing Prospecting
Program on Eureka REE Project
Halifax, Nova Scotia--(Newsfile Corp. - April 13, 2023) - E-Tech Resources Inc. (TSXV: REE), (FSE:
K2I) ("
E-Tech
"
or the "Company
") is pleased to announce assay results from its ongoing prospecting
program at its Eureka REE Project ("
Eureka" or the "Project
").
Assay results from thirty-eight (38) rock chip samples collected during the wider exploration program of
the Eureka REE prospect have been received from the laboratory with confirmed REE mineralization
including:
6.84% TREO (P6860) and 5.22% TREO (P6859) in two samples located approx. 800 m from
Zone 1, within drill target T09 (
see News Release dated November 16, 2022
).
An additional four (4) samples returned assays grading between 0.48% and 3.05% TREO,
validating new targets defined by the Company.
A summary of all rock chip assay results is provided in Table 1, and sample locations are in Figure 1.
Chris Drysdale, Director of E-Tech, commented:
"Our continued success in identifying mineralized
targets within the Eureka project is a testament to our growing proficiency in REE exploration. By
investing in our exploration program and utilizing advanced exploration methods, we have expanded
our understanding of the geology and mineralization potential of the Eureka project. These results are
a prime example of our expertise in identifying targets, and we look forward to more results over the
coming weeks. It is extremely encouraging that new mineralization has been found in these newly
identified areas and these results show there is potential for more to be discovered. We are excited to
continue exploring and expanding our understanding of the Project's mineralization potential."
Purpose of Ongoing Prospecting Program:
To provide follow-up to the 2022 exploration drilling program and allow for validation of exploration
targeting methods to assist in the development of additional targets and prioritization of future drill
targets.
Geological mapping and rock chip sampling for geochemical analysis targeting prospective areas
of interest identified during the 2022 drilling programs and wider area high-resolution ground
geophysical surveys (radiometric and magnetic), prioritizing large areas with contiguous
anomalous thorium radiometric signature.
Exploration results from the ongoing field program are being continually integrated with the 2022
drilling results to define more priority targets for future drill testing.
Summary and Discussion of Prospecting Results
:
The prospecting and sampling program has demonstrated that the Eureka Dome has the potential to be
well-endowed with REE mineralization and the occurrences identified provide compelling support for the
presence of further and similar style high-grade, carbonatite hosted REE mineralization. Planning of
follow-up efforts is currently underway to maximize further discoveries. These grab sample assay results,
together with our high-resolution geophysical dataset and the extensive structural geological mapping
carried out during the prospecting program, led to the confirmation that the Eureka Dome plays a critical
role in the mineralization model. Structurally, the Eureka Dome is an upright, km-scale, northeast-
trending, northeast-plunging fold that forms part of the regional-scale pattern of F
2
/3
folds in the southern
Central Zone (sCZ) of the Damara Orogenic Belt. The Dome has steep, near-vertical limbs with a wide
more structurally complex internal geometry, and is associated with northeast-plunging mineral stretching
lineations and outcrop-scale sheath folds. Interpretation from the high-resolution ground magnetic
geophysical survey data further indicates the presence of km-scale northeast-, east-northeast- and
northwest-trending linear structures (faults, shears) that may act as large conduits for focusing
mineralized fluid movement. The ongoing prospecting programs observations and results are now
indicating substantial potential for REE mineralization in the broader area. With the recent acquisition of
EPL8748 (see News Release dated March 28, 2023), the Company now has access to 100% of the
Eureka Dome for further structural interpretation.
Table 1: Summary of the collected rock chip samples and their assay results. Coordinates are in
WGS84 UTM Zone 33 South.
Sample ID
Easting
Northing
Lithology
Sample
Type
TREO%
P6801
525425
7562295
ALTR
Rock Chip
0.04
P6802
524993
7562432
CARB
Rock Chip
0.01
P6803
524937
7562375
ALTR
Rock Chip
0.01
P6804
525021
7561892
ALTR
Rock Chip
0.03
P6805
525067
7562488
CCARB
Rock Chip
0.02
P6806
527052
7561472
CCARB
Rock Chip
0.05
P6807
527814
7562885
VCARB
Rock Chip
0.01
P6808
527562
7561495
CCARB
Rock Chip
0.02
P6810
528427
7561038
CCARB
Rock Chip
0.02
P6811
528456
7561064
CCARB
Rock Chip
0.05
P6812
524884
7560393
ALTR
Rock Chip
0.00
P6813
526329
7561697
CARB
Rock Chip
0.07
P6814
525725
7563674
CARB
Rock Chip
0.02
P6815
526349
7562195
VCARB
Rock Chip
0.02
P6817
526270
7562248
CARB
Rock Chip
0.27
P6818
526290
7562256
VCARB
Rock Chip
0.02
P6819
526768
7561551
ALTR
Rock Chip
0.01
P6820
528595
7562889
CCARB
Rock Chip
0.02
P6822
528595
7562873
VCARB
Rock Chip
0.02
P6858
526523
7563433
CCARB
Rock Chip
0.48
P6859
526437
7563218
CCARB
Rock Chip
5.22
P6860
526486
7563384
CCARB
Rock Chip
6.84
P6862
526412
7563411
CCARB
Rock Chip
2.68
P6864
526401
7563401
ALTR
Rock Chip
0.05
P6865
526374
7563574
CCARB
Rock Chip
0.02
P6866
526367
7563361
CCARB/GCARB
Rock Chip
3.05
P6867
526500
7563330
CCARB/GCARB
Rock Chip
1.52
P6868
527471
7565071
ALTR
Rock Chip
0.01
P6870
527484
7565097
VCARB
Rock Chip
0.01
P6871
527113
7562467
VCARB
Rock Chip
0.01
P6872
526863
7562809
AMPH
Rock Chip
0.02
P6873
526699
7563055
ALTR
Rock Chip
0.02
P6874
526475
7562819
CCARB
Rock Chip
0.03
P6876
528574
7562944
VCARB
Rock Chip
0.02
P6827
525768
7561668
CCARB
Rock Chip
0.01
P6828
528144
7563295
ALTR
Rock Chip
0.00
P6829
528118
7563282
MBL
Rock Chip
0.01
P6842
526829
7562388
CCARB
Rock Chip
0.01
Figure 1: Sample locations overlay on Th ground radiometrics. Coordinates are in WGS84 UTM Zone
33 South.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/162265_1b44073f3441ebf7_001full.jpg
Eureka Project Technical Disclosure
The current Mineral Resource Estimate ("MRE") for the Eureka Project was prepared by SRK
Consulting (UK) ("SRK") effective from August 2, 2021. An Independent Technical Report titled
"Independent Technical Report: Eureka, Rare Earth Project, Namibia" was released on the September
15, 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. Fresh rock samples are
collected in the field from in situ rock sub-/outcrops using a geological hammer. Samples are labelled
and placed in 100-micron industrial plastic sample bags. The sample's ID, GPS coordinates in WGS 84
UTM Zone 33 South format, and geological description are recorded. Samples are securely transported
to Activation Laboratories Ltd. sample preparation facility in Windhoek, Namibia. The rock samples are
dried, crushed to 80% 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 ground to 95% -200 mesh to ensure complete fusion of
resistate minerals using lithium metaborate/tetraborate fusion with subsequent analysis by ICP-OES and
ICP-MS. Mass balance is calculated as an additional quality control technique to ensure complete
analysis.
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 -
Standards of Disclosure for Mineral Projects
.
About E-Tech Resources Inc.
E-Tech Resources Inc. (TSXV: REE), (FSE: K2I) 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 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. 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 Jim Megann, Interim CEO of E-Tech Resources Inc., at +1
902 334 1949.
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.
Caution Regarding Forward-Looking Information
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, including
acquisition of EPL 8748 by E-Tech which is subject to granting of EPL 8748 by Namibian authorities,
regulatory approval and closing conditions. 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
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/162265