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NeoTerrex Minerals Outlines 2025 Exploration Plans
Ottawa, Ontario--(Newsfile Corp. - May 8, 2025) - NeoTerrex Minerals Inc. (TSXV: NTX) ("NeoTerrex...
About this update from Neoterrex Minerals Inc
[{"type":"text","content":"NeoTerrex Minerals Outlines 2025 Exploration PlansOttawa, Ontario--(Newsfile Corp. - May 8, 2025) - NeoTerrex Minerals Inc. (TSXV: NTX) (\"NeoTerrex\" or the \"Company\") is pleased to announce its fully-funded exploration plans for the 2025 field season. Work will focus on its critical mineral assets, with an emphasis on its rare earths projects. The work planed includes surface prospecting, geological mapping, surficial geochemistry and drilling. An initial budget of $2 Million has been set aside for the program but may be increased based on results or other material factors. HighlightsExploration primarily targeting rare earth mineralsFollow-up on numerous discoveries made in 2024Projects located in a favorable jurisdiction with up to 45% exploration tax credit incentive for the critical and strategic metal sectorsMount Discovery Rare Earth Elements (\"REE\") ProjectA spring exploration program is underway and is focusing on the portion of the project where rare earths-bearing carbonatite were previously identified with the objective of determining the extent of the REE mineralization and host lithology. A portion of the samples extracted will be used for mineralogical studies to determine the source minerals for the rare earths. The carbonatite is adjacent to the King showing were channel sampling intersected 3.25% Total Rare Earth Oxide (\"TREO\") over 27.5 metres in 2022 (for additional details see NeoTerrex website).Galactic REE ProjectAdditional surface work is to be conducted on the Galactic project and will follow-up on the 38 critical minerals discoveries made on the project in 2024 (see NeoTerrex December 6th, 2024 news release). The principal objective is to evaluate the occurrences for their potential for sizeable volume and extract additional samples for mineralogical studies. Among the 2024 discoveries to be visited are:Gemini I: 0.47% Dysprosium, 0.9% Neodymium, 0.88% NiobiumCeres I: 1.63% NeodymiumPegasus I: 1.1% Niobium, 902 ppm TantalumAndromeda Sector: 0.3% Dysprosium, 562 ppm Tantalum, 0.6% Neodymium, 9.25% ZirconiumCentaurus I: 1.04% Niobium, 0.24% Dysprosium, 0.28% NeodymiumCanis Major: 0.21% Dysprosium, 0.45% Niobium, 3.79% ZirconiumThe 2025 program will also focus on expanding on last year's program whereas less than 20% of the surface area of the project had been prospected at the time. The targeted ar...