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Tactical Resources Provides Corporate Update on Flagship Peak Project Property
VANCOUVER, British Columbia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mine
About this update from Tactical Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements that drive the critical technologies of the future, is pleased to provide a Corporate Update regarding the Company’s Peak Project Property (the “Peak Project” or the “Property”) located 68 miles southeast of El Paso, Texas. Key Highlights Established the Peak Project Property as our flagship asset as a result of initial findings as published in N.I. 43-101 report published September 2022. Promptly initiated a Phase-1 work program to expedite PEA planning towards production feasibility. Implemented specific studies aimed at developing best practice production methods and anticipated yields. Commenced economic assessments to evaluate economic viability, sustainability, and key drivers. Property Description The Peak Project is situated two miles southeast of the well publicized Round Top Rare Earth Element (REE) project co-owned by Texas Minerals Resources Corporation and USA Rare Earth, LLC in a 20/80% ownership arrangement. It is situated within the Sierra Blanca quarry that allows, for a fee, access to and a right of first purchase option to tailings material on the property, together with certain rights related to development and processing of the tailing material. The Sierra Blanca Quarry is currently operational and produces ballast (fill) material for the Union Pacific railway. Company CEO Ranjeet Sundher notes, “We are highly confident regarding our exciting West Texas rare earth opportunity. Once we established the Peak Project Property as our flagship asset, the Tactical Resources team promptly got busy and focused on working to move our Phase-1 work plan ahead. We quickly established a technical focus as the key priority to advance our understanding of the project. As such, I am pleased to disclose the following outline of current and proposed activities.” Workplan Outline The various aspects of the Phase-1 Property work plan and integrated technical studies are outlined below: Sample Characterization Bench-scale Leach Testing Bulk-scale Leach Testing Permeability Testing Desktop Benchmarking and Scoping Study Sample Characterization Comprehensive sample characterization serves as the foun...