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The latest announcement is out from E-Tech Resources Inc ( (TSE:REE) ).
ReeXploration Inc. reported encouraging preliminary results from its maiden 11-hole, 1,729-metre uranium drilling program at the Eureka Project in central Namibia. The campaign intersected favorable leucogranite units in all holes, with elevated radioactivity in several intervals, supporting the company’s Rössing-style geological model and confirming widespread structural potential for uranium-bearing intrusions.
The drilling also identified near-surface uranium mineralization, including visible carnotite, in seven of 11 holes within calcrete and gypcrete horizons, indicating a secondary Langer Heinrich-style target at Eureka. These early results suggest the project may host both primary and secondary uranium systems, potentially enhancing the scale and versatility of the asset as further downhole radiometric and geochemical analyses are completed.
More about E-Tech Resources Inc
ReeXploration Inc. is a mineral exploration company focused on uranium and rare earth elements, with its flagship Eureka Project located in central Namibia. The company targets Rössing-style bedrock uranium systems and Langer Heinrich-style near-surface mineralization, positioning itself within a prolific uranium mining district that hosts several major deposits.
Average Trading Volume: 57,345
Technical Sentiment Signal: Buy
Current Market Cap: C$13.52M
For an in-depth examination of REE stock, go to TipRanks’ Overview page.