- Neotech Metals (CSE:NTMC), a rare earth elements stock, is sharing promising assay results from 2024 field reconnaissance on its TREO project near Prince George, British Columbia
- Assays reached as high as 28.97 per cent total rare earth oxides
- Neotech Metals is a mineral exploration company focused on high-value commodities in favourable jurisdictions around the world
- Neotech Metals stock has given back 86.98 per cent year-over-year
Neotech Metals (CSE:NTMC), a rare earth elements stock, is sharing promising assay results from 2024 field reconnaissance on its TREO project near Prince George, British Columbia.
Assays from 113 rock samples reached as high as 28.97 per cent total rare earth oxides (TREO), with 17 samples registering above 1 per cent TREO. Multiple assays also showed anomalous niobium up to 2.91 per cent Nb₂O₅, including 20 samples over 0.15 per cent Nb₂O₅.
The company correlates sample mineralization with varying degrees of alteration, which it plans to investigate through 3D modelling and additional reconnaissance work to broaden and define drill targets.
The TREO project is located in the Wicheeda district, which houses Defense Metals’ Wicheeda rare earth element project, whose net present value according to a 2022 preliminary economic assessment is estimated at over C$500 million.
Leadership insights
“The consistent high-grade at-surface results extending over 4 kilometers from Wicheeda Lake provide excellent definition and strong encouragement for the potential of broad zones of mineralization,” Reagan Glazier, Neotech Metals’ chief executive officer, said in a statement. “Our team is working diligently to advance the TREO project, enhancing our understanding of the region and ensuring the best possible outcomes for the upcoming drill program.”
About Neotech Metals
Neotech is a mineral exploration company focused on high-value commodities in favourable jurisdictions around the world. It currently owns rare earth element projects in Ontario and British Columbia.
Neotech Metals stock (CSE:NTMC) is up by 8.7 per cent trading at C$0.12 per share as of 10:10 am ET. The stock has given back 86.98 per cent year-over-year.
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(Top image of Neotech Metals’ logo: Neotech Metals)