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NeoTerrex to Undertake Maiden Drill Program on its Mount Discovery Rare Earths Property
Ottawa, Ontario--(Newsfile Corp. - March 14, 2024) - NeoTerrex Minerals Inc. (TSXV: NTX) (" Neo...
About this update from Neoterrex Minerals Inc
[{"type":"text","content":"NeoTerrex to Undertake Maiden Drill Program on its Mount Discovery Rare Earths PropertyOttawa, Ontario--(Newsfile Corp. - March 14, 2024) - NeoTerrex Minerals Inc. (TSXV: NTX) (\"NeoTerrex\" or the \"Company\") is pleased to announce that it has selected Downing Drilling Ltd. to undertake its upcoming drill program on its 100%-owned, 11,187-hectare, Mount Discovery property located in southwestern Quebec (the \"Property\"). This 2,000-metre drill campaign marks a crucial step in unlocking the potential of NeoTerrex's rare earths flagship project located within minutes of critical infrastructure. The drill program is scheduled to begin within the next two weeks. The drill program's primary focus is to delineate areas exhibiting promising mineralization continuity and substantial widths. This strategic approach aims to ascertain both lateral and depth extensions of mineralized zones. The Company is poised to undertake further extensive drilling later in the summer, building upon the insights garnered from this initial endeavor. At the forefront of exploration efforts lies the King showing, which has already showcased significant potential, boasting results of 3.25% Total Rare Earth Oxides (TREO) over 27 metres in a channel sample (the true width cannot yet be established) and demonstrates that the mineralization could potentially extend further under the overburden. This discovery, and its geological context, underscores the prospectivity of the region for rare earths mineralization. NeoTerrex plans to undertake nine drill holes within a 50-metre radius of the King showing, aiming to delineate lateral and depth extensions of the mineralization. Additionally, attention will be directed towards investigating a suspected major fault south of the occurrence, hypothesized to have played a pivotal role as a conduit for rare earths mineralization.Furthermore, the program will include three additional drill holes targeting the Sicilian-Blitz areas. These zones have exhibited promising signs, with grab samples returning values ranging from 1% to 10% TREO. These samples were collected at the margins of a suspected fault and carbonatite unit, a similar context to the King showing, indicating the potential for significant mineralization.As part of a comprehensive exploration strategy, NeoTerrex plans to identify and drill numerous other targe...