E-Tech Resources Inc. Announces New Discovery at Adder Target Discovery confirms the presence of mineralization at the surface and depth; further targets to be determined in the newly acquired portion of the Eureka Dome
E-Tech Resources Inc. Announces New
Discovery at Adder Target
Discovery confirms the presence of mineralization at the
surface and depth; further targets to be determined in the
newly acquired portion of the Eureka Dome
Preliminary pXRF drilling results
1
confirm the discovery of a new mineralized zone at the Adder
Target, expanding beyond the previously known zones.
Mineralization remains open at depth and along strike, indicating the potential for further target
delineation.
Intersections include: 1 m @ 0.17% (1700 ppm) TREO
2
(37-38 m),1 m @ 0.71% (7100 ppm)
TREO
2
(40-41 m), 1 m @ 0.10% (1000 ppm) TREO
2
(49-50 m), 3 m @ 0.07% (700 ppm) TREO
2
(73-76 m) incl. 1 m @ 0.09% (900 ppm) TREO
2
(73-74 m).
Halifax, Nova Scotia--(Newsfile Corp. - May 29, 2023) - E-Tech Resources Inc. (TSXV: REE) (FSE: K2I)
("
E-Tech
"
or the "Company
") announces the preliminary pXRF drilling results
1
for the Adder Target.
These results confirm a discovery zone with the presence of REE mineralization confirmed in multiple
zones in a drill hole correlating with REE mineralization identified on surface. Mineralization remains
open at depth and along strike.
Jim Megann, CEO of E-Tech commented, "
These results are part of the extended exploration that has
been ongoing on one of the 17 targets identified across our Eureka REE project license area, EPL-
6762. Our comprehensive program has included the lab analysis of rock chip grab samples and a
closely-spaced in-situ soil pXRF survey on the Adder Target, which has led to the confirmation of the
presence of REE mineralization outside the well-known Zones 1, 2, 3, and 4. The preliminary pXRF
results
1
from our latest RC drill hole on the Adder Target, ER065, are particularly encouraging, as
they further substantiate our observations and results from the detailed geological mapping and
geochemical soil pXRF surveys. We have now discovered a new zone of mineralization and our next
steps will be to further drill test and define its extent. These results
1
are a positive affirmation that our
targeting strategy is effective, and we are eager to continue exploration on the newly acquired property
to establish if these results continue throughout the Eureka Dome."
These positive drilling results
1
support the endowment potential of the Adder Target, as mineralization
has now been confirmed at surface as identified during rock chip grab sample analysis (
see News
release dated April 13, 2023
), in the in-situ soil pXRF survey (
see News Release dated April 19, 2023
),
and now at depth in multiple zones in RC drill hole ER065, which is located ~800 m north of the known
mineralization at Zone 1. These positive results lay a solid foundation for follow-up drilling, and the
Company plans to initiate a follow-up exploration drill program to systematically unlock the full potential of
this promising target, hopefully leading to additional discoveries. The principal objective of the next
drilling campaign is to continue testing current targets and to follow up targets that have had encouraging
results from the first pass exploration RC drilling program (
see News Release dated November 16,
2022
).
These findings represent a significant milestone for the Project, as they confirm the presence of
mineralization not only at surface but also at depth, and demonstrate the potential for further target
identification within this newly acquired portion of the Eureka Dome.
All samples will be submitted to an accredited laboratory for further analysis to confirm mineralized
intersections. The Company eagerly anticipates the release of these laboratory results and will keep
shareholders informed of any significant findings.
Figure 1: The locality of ER065 on the Adder Target with preliminary pXRF RC drilling results.
Rock chip grab sample lab assay results are displayed on a contoured backdrop highlighting
anomalous TREO% (pink and purple) results obtained from the in-situ soil pXRF survey
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/167868_67aa84c394544bb8_001full.jpg
.
Table 1: Preliminary pXRF results for ER065. Drill hole coordinates are in WGS84 UTM Zone 33
South notation.
Hole
ID
Easting
Northing
Azimuth
Dip
EOH
(m)
From
(m)
To
(m)
Lithology
TREO%
Intercept
(pXRF)
Comment
ER065
526475
7563325
0
-90
80
37
38
EQTZ
1 m @
0.17%
TREO
40
41
EQTZ
1 m @
0.71%
TREO
Best
intercept
49
50
EQTZ
1 m @
0.10%
TREO
73
76
EQTZ
3 m @
0.07%
TREO
(700 ppm)
incl. 1 m
@ 0.09%
(900 ppm)
TREO
(73-74 m)
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 Company's website. (
https://www.etech-resources.com
).
pXRF Technical Disclosure:
Portable X-ray Fluorescence (pXRF) analysers measure the presence of an element in a sample by
identifying the element's characteristic X-ray emission wavelength or energy (i.e. fluorescence) when the
sample is struck by a primary X-ray source/beam emitted by the instrument's X-ray tube. The amount of
an element present is quantified by measuring the intensity of that element's characteristic X-ray
emission. pXRF results
1
provide only a preliminary indication of the presence of REE mineralization in
samples and accurate determination of REE content still requires analysis of samples by an accredited,
certified laboratory.
E-Tech is using a SciAps X-555 pXRF analyser equipped with a 55kV X-ray tube enabling it to detect
seven (7) of the REEs (La, Ce, Pr, Nd, Sm, Eu and Gd and Y), along with a range of transition elements
and heavy metals. This enables the Company to have live preliminary results for TREO which are based
on pXRF assays. From the pXRF results
1
, the TREO
2
presented is the sum of the oxides of the analysed
REEs (La, Ce, Pr, Nd, Sm, Eu and Gd plus Y). Comparisons between the internal pXRF results and
ActLabs laboratory assay results for historical analytical work has confirmed the reliability of the
Company's pXRF results. In the current conditions, pXRF results give the Company a strong indication of
which samples are mineralized.
The Company follows stringent sample preparation and QA/QC procedures to produce representative
preliminary results
1
(see pXRF Procedures and QA/QC below).
Samples prepared during the procedure described below are analysed through a 40-micron sample bag
with the Company's X-555 pXRF analyser with read times of 120 seconds (40 seconds per beam).
Sampling techniques:
RC Drill Chip samples
: RC drilling was completed by Hammerstein Mining and Drilling utilizing RC drill
methods. Sampling of RC chips from drilling was conducted in two stages. The initial stage of sampling
was conducted during drilling, where each drilled meter was collected from the rig mounted cyclone and
then split in a 7:1 (8 way) splitter, the split fraction was then split again 1:1 (2 way) to create two
approximately 2 kg samples. One sample was retained as a reference sample for future work, the other
sample was then collected as a laboratory sample.
Sample processing techniques for pXRF analysis:
RC Drill Chip samples
: After the bulk sample has passed through the splitters, and sample fractions
collected, the field technician takes a plastic 250 ml measuring cup and scoops a full cup from the bulk
sample bag. The sample material in the measuring cup is poured into a sieve. The ≤1 mm fraction
passing through the sieve is collected in a container. The coarse material is discarded if enough fine
material is collected to fill a 100x150mm 40-micron ziplock bag. The homogenized fine material (≤1 mm)
collected in the container is transferred into a 40-micron prelabeled ziplock sample bag. pXRF readings
are taken on the ≤1 mm fraction of the crushed and pulverised rock material through the 40-micron
ziplock sample bag. All equipment (splitter, containers, mortar and pestle, scoop) is cleaned with the air
compressor between every meter interval.
Quality Assurance / Quality Control
The pXRF is calibrated at the start of use with two (2) standards. Blanks (pulverised marble rock chips)
and REE standards are inserted in the analyzing sequence after every 20 samples analysed to
continually monitor the performance of the instrument. All equipment used during sample preparation is
cleaned before proceeding to the next sample to prevent contamination. Regular analysis of the blank
material indicates minimal issues regarding sample contamination caused by the in-field preparation
method. Each sample is thus assigned a pXRF La, Ce, Pr, Nd, Eu, Gd, and Y value (in parts per million
(ppm)) which will then be superseded by lab quality assay results when they are received.
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 Company continues to assess new project
opportunities and expand its Southern African portfolio.
Further details are available on the Company'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/167868