E-Tech Resources Inc. Reports Diamond Drill Intercepts of REE Bearing Dykes Beyond the Current Resource at Its Eureka Project in Namibia
E-Tech Resources Inc. Reports Diamond Drill
Intercepts of REE Bearing Dykes Beyond the
Current Resource at Its Eureka Project in
Namibia
Halifax, Nova Scotia--(Newsfile Corp. - February 10, 2022) - E-Tech Resources Inc. (TSXV: REE) (FSE:
K2i) ("E-Tech" or the "Company") is pleased to announce additional assay results from the first diamond
drilling campaign completed
at the Eureka REE Project ("Eureka" or the "Project"),
located in central
Namibia. Significant intersections include 9.4m @ 1.3% Total Rare Earth Oxide ("TREO") (ED008),
4.8m @ 1.2% TREO (ED009), 1m @ 13.4% TREO (ED017), 3.5m @ 4% TREO (ED011), 4.2m @1.2%
TREO (ED017) and 1.9m @ 1.8% TREO (ED019). The results from these eight holes, all of which have
intersected mineralisation, have confirmed the presence of mineralisation in Zones 1 and 2 at depth and
its southward extension along strike. The deposit remains open both along strike and at depth. The
Corporation is awaiting receipt of additional results from the 5 remaining holes of this first diamond
drilling campaign completed in September 2021. Previous diamond drilling results were reported in the
press release dated 10 November 2021.
Elbert Loois, CEO of E-Tech Resources Inc., commented:
"The assay results received to date reveal further extension of the mineralization both to depth and
along strike. Further monazite bearing carbonatitic dykes have been intersected, which suggests
connectivity of Zones 1 and 2. We are excited about the perspective of further expanding the extent of
the known mineralisation during our ongoing second campaign of diamond drilling. After receipt of the
remaining drill hole assays our next step will include the development of a resource block model as a
basis for updating the current Mineral Resource Estimate."
The newly received assay results are part of the resource expansion program across Zones 1, 2 and 3,
which was completed in late September 2021 totaling 5,761 meters of diamond drilling (DD) in 20 holes.
Figure 1
indicates the drill collar positions and the assays received to date. These assay results include
the newly received batch of 541 samples out of a total of 1288 samples, representing holes ED008,
ED009, ED010, ED011, ED012, ED016, ED017 and ED019.
The positions of the DD and RC holes from the previous drilling as well as the ongoing campaign is
displayed in
Figure 1
. In this figure, the white lined box indicates the area of projected holes used for
expanded cross-section (A-B), as shown in detail in
Figures 2 and 3
.
FIGURE 1: Plan view showing drill hole collars and traces at Eureka, Namibia and assays
received status to date. Blue diamonds are assays received, including the 8 newly received
holes ED008, ED009, ED010, ED011, ED012, ED016, ED017 and ED019. Red lines represent
traces of the DD holes of these new assay results. Red dots are RC holes drilled in 2017. The
white lined box indicates the area of holes used for projection into cross-section (A-B), as is
shown in detail in Figure 2.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6102/113314_8f132964a4d21bab_001full.jpg
FIGURE 2: The white lined box shows the zoomed-in area of holes used for projection into
cross-section (A-B), as presented in Figure 3. The purple outline represents the current 2021
Mineral Resource Estimate (MRE). Blue diamonds are DD assays received. Red lines represent
DD hole traces related to new assay results. Hollow white dots and diamonds are assays
pending. Red dots are RC holes drilled in 2017.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6102/113314_8f132964a4d21bab_002full.jpg
The assay results from Holes ED0008 and ED009 support continuity of REE mineralisation to depth with
vertical depths of intersection recorded until 255m (Zone 2) and 194m (Zone 1), compared to the
maximum depth of 60m for the MRE as prepared by SRK Consulting (UK) ("SRK") with an effective date
of 2 August 2021. Assay results from Holes ED011, ED016, ED017, ED019, suggest that the
carbonatite dykes appear to be stacked.
The schematic cross-section (A-B) in Zone 1 shows highlights from received assay results in
comparison to the current MRE, as is shown in
Figure 3
. The area of projected holes that was used to
depict this cross-section is shown inside the white lined box as detailed in
Figure 2
, including DD holes
ED001, ED002, ED004, ED009 and RC holes ER002, ER020, EU001, EU003, EU004
.
FIGURE 3: Schematic cross-section through Zone 1, including the projection of all relevant DD
and RC assay results. The new assay results of drill hole ED009 are marked in yellow. EU001,
EU003 and EU004 are the historical RC holes used for MRE definition, as drilled in 2017.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6102/113314_figure3.jpg
A summary of the assay results received from the eight (8) diamond drill holes is provided in
Table 1
.
TABLE 1: Significant intercepts from the new analytical results of the 2021 diamond drilling
(DD) campaign. Reported intercepts are drilled lengths while the true thickness of the
mineralization 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 dykes.
Hole
From
To
Interval m
TREO %
Coordinates
Zone
ED008
69.2
70.3
1.1
3.5
526341
7562679
Zone 2
ED008
81
82.1
1.1
0.7
Zone 2
ED008
96.4
97.2
0.8
0.5
Zone 2
ED008
100.2
100.6
0.4
3.9
Zone 2
ED008
106.5
107.7
1.2
2.7
Zone 2
ED008
109.7
110.3
0.6
6.7
Zone 2
ED008
126.5
127
0.5
3.1
Zone 2
ED008
154
154.4
0.4
0.5
Zone 2
ED008
231.4
231.6
0.2
8.1
Zone 2
ED008
249.3
250
0.7
3.8
Zone 2
ED008
255.7
257.7
2
2.4
Zone 2
ED008
260.3
260.5
0.2
0.9
Zone 2
ED008
270.3
272.4
2.1
0.4
Zone 2
ED008
273.3
273.7
0.4
0.5
Zone 2
ED008
278.6
280.4
1.8
1.1
Zone 2
ED008
287.1
290.1
3
1.8
Zone 2
incl.
288
289
1
4.2
Zone 2
ED008
303.3
312.7
9.4
1.3
Zone 2
incl.
305.2
306.9
1.7
4.6
Zone 2
ED008
314.8
315
0.2
3.2
Zone 2
ED008
334.1
335.7
1.6
0.4
Zone 2
ED008
340.2
341.7
1.5
0.7
Zone 2
ED008
348.4
348.9
0.5
0.4
Zone 2
ED009
65.4
66.3
0.9
1
526529
7562615
Zone 1
ED009
85.5
86
0.5
0.5
Zone 1
ED009
247.3
247.6
0.3
9.1
Zone 1
ED009
253.2
258
4.8
1.2
Zone 1
incl.
257.2
258
0.8
5.4
Zone 1
ED009
263.7
264.2
0.5
0.5
Zone 1
ED010
140
141.3
1.3
1.5
526371
7562312
Zone 3
ED010
157.5
159.5
2
1.2
Zone 3
incl.
158.6
159.5
0.9
2.5
Zone 3
ED010
176.4
177.2
0.8
0.3
Zone 3
ED010
191.8
192.4
0.6
0.5
Zone 3
ED011
180.8
181.4
0.6
1
526124
7562677
Zone 2
ED011
199
200
1
0.3
Zone 2
ED011
210
210.8
0.8
1.3
Zone 2
ED011
223.3
225.3
2
0.7
Zone 2
ED011
229.3
232.6
3.3
0.4
Zone 2
ED011
240.3
241.3
1
0.3
Zone 2
ED011
259
260
1
0.5
Zone 2
ED011
274.6
278.1
3.5
4
Zone 2
ED011
296.5
297.5
1
1.6
Zone 2
ED011
310.9
312.2
1.3
0.4
Zone 2
ED011
336.6
336.9
0.3
1.5
Zone 2
ED012
81
81.7
0.7
1.7
526272
7562072
Zone 3
ED016
12.5
17.1
4.6
0.4
526227
7562361
Zone 3
Incl.
16.1
17.1
1
0.9
Zone 3
ED016
42.4
46.5
4.1
1.7
Zone 3
Incl.
42.4
45
2.6
2.4
Zone 3
ED016
84.4
90.2
5.8
0.7
Zone 3
Incl.
84.4
86.2
1.8
0.9
Zone 3
ED016
137.1
139.2
2.1
0.4
Zone 3
ED016
152
153
1
2.9
Zone 3
ED016
154.5
156.5
2
2.8
Zone 3
ED016
172.6
173.2
0.6
1.1
Zone 3
ED016
202.8
204
1.2
0.5
Zone 3
ED016
214.8
216
1.2
0.7
Zone 3
ED016
229.7
231.2
1.5
1.1
Zone 3
ED016
236.4
237.4
1
1.2
Zone 3
ED016
239.6
240.7
1.1
0.6
Zone 3
ED017
19.8
20.8
1
13.4
526306
7562562
Zone1/3
ED017
22.5
23.2
0.7
1.7
Zone1/3
ED017
92.6
93.8
1.2
0.7
Zone1/3
ED017
98
99.7
1.7
1.5
Zone1/3
ED017
100.6
102.8
2.2
1.4
Zone1/3
ED017
104.7
107.3
2.6
0.4
Zone1/3
ED017
207.8
210.7
2.9
0.8
Zone1/3
ED017
223.1
233.9
10.8
0.2
Zone1/3
ED017
235.7
237.2
1.5
0.4
Zone1/3
ED017
248.2
248.8
0.6
0.7
Zone1/3
ED017
256.3
261.6
5.3
0.2
Zone1/3
ED017
276.5
278.1
1.6
1.5
Zone1/3
Incl.
276.5
277
0.5
4.5
Zone1/3
ED019
58.9
61.5
2.6
0.3
526249
7562544
Zone1/3
ED019
127.1
127.5
0.4
0.3
Zone1/3
ED019
129.1
129.7
0.6
0.3
Zone1/3
ED019
139.5
140.4
0.9
0.5
Zone1/3
ED019
174.7
175.8
1.1
0.7
Zone1/3
Incl.
175.2
175.8
0.6
1.2
Zone1/3
ED019
180.9
182.8
1.9
1.8
Zone1/3
Incl.
181.7
182.8
1.1
2.8
Zone1/3
ED019
186.5
187.6
1.1
0.6
Zone1/3
Incl.
186.5
187
0.5
1.2
Zone1/3
ED019
199.1
204.6
5.5
0.6
Zone1/3
Incl.
200.6
202.4
1.8
1.0
Zone1/3
ED019
205.8
209.8
4
0.4
Zone1/3
ED019
214.4
214.9
0.5
1.6
Zone1/3
ED019
222.8
225.5
2.7
0.2
Zone1/3
ED019
230.3
231.8
1.5
0.5
Zone1/3
ED019
249.9
250.3
0.4
0.7
Zone1/3
ED019
261.6
262.1
0.5
0.5
Zone1/3
ED019
265.3
265.7
0.3
0.3
Zone1/3
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. (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 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 Resources and future plans and objectives of E-Tech
Resources. 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 Resources 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 Resources 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
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