E-Tech drills 2.3% TREO over 4 metres of at Eureka, Namibia

E-Tech Resources Inc. [REE-TSXV] reported new assay results from its most recent reverse circulation (RC) exploration drilling campaign at the 100%-owned Eureka project, Namibia. Results from this drilling program have successfully extended the current known mineralized 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 where drill hole ER042 intersected 2 metres at 2.8% TREO (Total Rare Earth Oxides) from 46 metres (including 1 metre at 4.8% TREO). Drill hole ER043 intersected 3 metres at 1.6% TREO from 14 metres (including 2 metres at 2.3% TREO).

At Zone 3 drill hole ER033 intersected 2 metres at 2.9% TREO from 8 metres. Drill hole ER047 intersected 5 metres at 1.4% TREO from 5 metres (including 1 metre at 4.1% TREO). Drill hole ER059 intersected 4 metres at 2.3% TREO from 57 metres (including 2 metres at 3.7% TREO).

At Zone 4, drill hole ER053 intersected 2 metres at 1.4% TREO from 9 metres.

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, 1,440-metre RC drilling program have been analyzed to date. Results confirm the continuation of mineralization along strike of Zone 3 towards the south and east by approximately 250 metres N-S and 500 meters E-W, respectively. Zone 2 has also been extended further to the west by 150 metres.

The program was designed to achieve the following goals within each zone as follows: Zone 2 targets were selected to provide further support for lateral extent of the current known resource. Seven RC holes spaced approximately 50 x 80 metres apart were drilled to extend the current resource footprint approximately 125 metres along strike.

The expanded drill grid of Zone 3 consisted of 24 RC drill holes with a 55 x 110-metre spacing. The grid was specifically planned to further test for mineralization laterally to the south and east, targeting dykes that had been previously identified from the surface trenching program completed in 2021.

Eight RC drill holes with a 50 x 100-metre spacing were completed over Zone 4. All the holes successfully encountered carbonatite dykes near surface with encouraging grades of REE mineralization.

The current Mineral Resource Estimate (MRE) for the Eureka Project was prepared by SRK Consulting (UK) effective from 2 August 2021.

E-Tech Resources 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 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.