E-Tech Resources: Reverse Circulation Drilling Results Further Extends Rare Earths Footprint at Eureka
E-Tech Resources: Reverse Circulation
Drilling Results Further Extends Rare Earths
Footprint at Eureka
Halifax, Nova Scotia--(Newsfile Corp. - October 26, 2022) - E-Tech Resources Inc. (TSXV: REE) ("
E-
Tech" or the "Corporation
") is pleased to announce new assay results from its most recent Reverse
Circulation ("RC") exploration drilling campaign. Results from this drilling program have successfully
extended the current known mineralised zones with a number of wide, shallow and high-grade
intersections reinforcing the size scalability of the Eureka REE deposit.
Highlights from the RC drilling include:
Zone 2:
Drill Hole ER042 intersected 2m at 2.8%TREO from 46m (including 1m at 4.8%TREO)
Drill Hole ER043 intersected 3m at 1.6%TREO from 14m (including 2m at 2.3%TREO)
Zone 3:
Drill Hole ER033 intersected 2m at 2.9%TREO from 8m
Drill Hole ER047 intersected 5m at 1.4%TREO from 5m
(including 1m at 4.1% TREO)
Drill Hole ER059 intersected 4m at 2.3%TREO from 57m
(including 2m at 3.7% TREO)
Zone 4:
Drill Hole ER053 intersected 2m at 1.4%TREO from 9m
Jim Megann, Interim CEO commented, "The results of this RC drilling program give us further
confidence on the expanded opportunity for Eureka. With the completion of this drilling campaign and
the recent completion of our widespread radiometric, magnetic and mapping programs, our
understanding of the geological characteristics of this deposit has significantly improved. This
understanding has led to the identification of new areas of interest, which we expect to be drill testing
soon. We continue to be encouraged by all our results to date and believe we are nearing an inflection
point to unlock greater resource potential."
A total of 661 RC samples (including standards, duplicates and blanks) from a 39 hole 1440 meter RC
drilling program have been analysed to date. Results confirm the continuation of mineralisation along
strike of Zone 3 towards the south and east by approximately 250 meters N-S and 500 meters E-W,
respectively. Zone 2 has also been extended further to the west by 150 meters (see Figure 1.). The
program was designed to achieve the following goals within each zone as follows:
Zone 2
Zone 2 targets were selected to provide further support for lateral extent of the current known resource.
Seven (7) RC holes spaced approximately 50 x 80 meters apart were drilled to extend the current
resource footprint approximately 125 meters along strike.
Zone 3
The expanded drill grid of Zone 3 consisted of 24 RC drill holes with a 55 x 110 meter spacing. The grid
was specifically planned to further test for mineralisation laterally to the south and east, targeting dykes
that had been previously identified from the surface trenching program completed in 2021.
Zone 4
Eight (8) RC drill holes with a 50 x 100 meter spacing were completed over Zone 4. All the holes
successfully encountered carbonatite dykes near surface with encouraging grades of REE
mineralization.
FIGURE 1: Plan view of drill hole positions at Eureka illustrating all assay results received from
RC drilling campaign. Purple areas represent the current 2021 Mineral Resource Estimate
(MRE).
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6102/141980_8962d678d48b89f1_001full.jpg
Hole
From
To
Interval m
TREO %
Coordinates
Zone
ER026
31
35
4
1.3
526341
7562173
Zone 3 S
incl.
33
35
2
2.1
Zone 3 S
ER028
29
31
2
0.8
526105
7562167
Zone 3 W
ER029
40
44
4
0.9
526217
7562145
Zone 3 S
incl.
42
44
2
1.7
Zone 3 S
ER030
50
51
1
0.8
526322
7562121
Zone 3 S
ER030
59
60
1
0.5
Zone 3 S
ER033
8
10
2
2.9
526201
7562090
Zone 3 S
ER033
39
40
1
1.2
Zone 3 S
ER034
66
68
2
0.7
526304
7562067
Zone 3 S
ER034
38
39
1
0.9
Zone 3 S
ER035
51
52
1
1.5
526415
7562045
Zone 3 S
ER037
27
28
1
0.5
526184
7562039
Zone 3 S
ER037
41
42
1
0.8
Zone 3 S
ER041
68
70
2
0.5
526120
7562565
Zone 2
ER042
incl
.
46
46
48
47
2
1
2.8
4.8
526001
7562510
Zone 2
Zone 2
ER043
14
17
3
1.6
526098
7562520
Zone 2
incl.
14
16
2
2.3
Zone 2
ER044
54
56
2
1.1
526075
7562475
Zone 2
ER046
55
56
1
1.6
526049
7562182
Zone 3 W
ER047
5
10
5
1.4
526019
7562136
Zone 3 W
incl.
5
6
1
4.1
Zone 3 W
ER051
29
30
1
0.6
526337
7561712
Zone 4
ER052
13
14
1
1.4
526315
7561668
Zone 4
ER052
20
21
1
0.7
Zone 4
ER053
9
11
2
1.4
526422
7561677
Zone 4
ER056
56
58
2
0.5
526479
7561568
Zone 4
ER056
59
60
1
0.6
Zone 4
ER057
45
46
1
1.2
526596
7561579
Zone 4
ER059
57
61
4
2.3
526523
7562077
Zone 3 E
incl.
58
60
2
3.7
Zone 3 E
ER060
36
38
2
2.0
526518
7562022
Zone 3 E
ER061
27
28
1
0.9
526493
7561971
Zone 3 E
ER062
10
12
2
1.0
526180
7562528
Zone 2
ER062
29
31
2
1.2
Zone 2
ER062
50
54
4
0.6
Zone 2
incl.
50
51
1
1.1
Zone 2
TABLE 1: Significant intercepts from the 2022 Reverse Circulation (RC) campaign. *
*Hole locations are provided in UTM Zone 33S. All RC drill holes were drilled at 205 degree azimuth (drill direction) and 60 degree inclination angle.
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.
Eureka Project Technical Disclosure
The current Mineral Resource Estimate ("MRE") for the Eureka Project was prepared by SRK
Consulting (UK) ("SRK") effective from 2 August 2021. An Independent Technical Report titled
"Independent Technical Report: Eureka, Rare Earth Project, Namibia" was released on the 15
September 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 blind standards, blanks and duplicate
samples. QA/QC samples make up 16% of all samples submitted. Sampling of RC chips from drilling
was conducted in two stages. The initial stage of sampling was conducted during the drilling, each drilled
meter collected from the rig mounted cyclone was then split in a 2:1 (2 way) riffle splitter, the smaller split
fraction is then split again with a 1:1 (2 way) sample riffle splitter to create two approximately 2 kg
samples. One sample was retained as a reference sample for future work, the other sample was
collected as the laboratory sample stream and transported to the Activation Laboratories Ltd. sample
preparation facility in Windhoek, Namibia. The sample was dried, crushed to 90% passing 2 mm, a 250
g sub-sample was riffle split and pulverized to 95% passing 105 µm. Sample pulps were sent to
Activation Laboratories Ltd. in Ontario, Canada for analysis. REE analysis is by method 8-REE with the
sample 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. 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.
About E-Tech Resources Inc.
E-Tech Resources Inc. (TSXV: REE) 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 Exclusive
Prospecting Licence ("EPL") number 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.
Further details are available on the Corporation's website at
www.etech-resources.com
or
contact Christopher Drysdale, Director 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 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
.
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
https://www.newsfilecorp.com/release/141980