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Neotech Metals Announces Filing of NI 43-101 Technical Report for TREO Rare Earth Property
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2023) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) ("Neotech" or the "Company") is
About this update from Neotech Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 12, 2023) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) (\"Neotech\" or the \"Company\") is pleased to announce the filing of its National Instrument 43-101 (\"NI 43-101\") Technical Report for the TREO Rare Earth Property (\"TREO\" or the \"Property\") located near Prince George, British Columbia. Key Highlights of the NI 43-101 Technical Report: Strategic Location and Access: The TREO Property, situated 80 km northeast of Prince George, encompasses approximately 16,286.30 hectares within 40 unpatented mining claims, wholly owned by Neotech. The Property benefits from excellent access and proximity to crucial infrastructure, including highways, railways, and power supplies. Geological Setting and Mineralization: Positioned in the mineral-rich Foreland Belt near the Omineca Belt, the TREO Property is primed for rare earth and rare metal deposits. It primarily comprises Neoproterozoic to Ordovician period rocks, including significant limestone, argillites, and phyllites formations. It is distinguished by the presence of the Carbonatite complex, enriched in light rare earth element (LREE)-bearing minerals such as bastnasite, parasite, and monazite, alongside valuable rare metals like niobium and columbite. Extensive Historical and Recent Exploration: The TREO Property has been the focus of exploration activities since the 1960s, with a peak in exploration between 2006-2011. During this period, several companies conducted extensive prospecting, mapping, rock sampling, soil geochemical and geophysical surveys, as well as diamond drilling. Drilling results have consistently shown significant TREO values, such as 4.7% TREO (Total Rare Earth Oxides) over 0.9 m to 1.39% TREO over 37.3 m, among other notable intercepts. In 2023, Neotech embarked on a comprehensive exploration program, collecting 1493 soil samples, 75 stream sediment (silt) samples, and 42 rock samples. The results from these samples are pending but are expected to build upon the historical data and further elucidate Property's potential. Proximity to Established Deposits: Adjacent to the prolific Wicheeda Carbonatite deposit*, the TREO Property's location demonstrates excellent potential with comparable geophysical signatures and geological occurrences on-trend from the proposed mine, positioning it...