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E-Tech Resources Inc ( (TSE:REE) ) has provided an update.
ReeXploration Inc. has commenced a fully funded core drilling program at its Eureka uranium target in central Namibia, marking the company’s first drill test of a large-scale Rossing-style uranium system. The campaign, totaling up to 2,000 metres across 12 to 15 holes, will probe a 6.5 by 3.5 kilometre target along the trend of Namibia’s major leucogranite-hosted uranium deposits.
The program is designed to test priority zones defined by overlapping airborne and ground radiometric anomalies, uranium-in-soil geochemistry, and favourable structural and lithological settings. Results are expected to refine the geological model, assess the continuity and style of uranium mineralization at depth, and enhance the strategic value of Eureka, which already offers dual exposure to rare earths and uranium in a mining-friendly jurisdiction.
More about E-Tech Resources Inc
ReeXploration Inc. is a Canadian mineral exploration company focused on supplying critical minerals for the clean energy transition, advanced technologies and national defense. Its flagship Eureka Project in central Namibia hosts both technically proven rare earth element mineralization, including production of a clean monazite concentrate, and a newly defined, high-priority uranium target within a prolific regional uranium belt.
Average Trading Volume: 82,381
Technical Sentiment Signal: Buy
Current Market Cap: C$21.64M
See more data about REE stock on TipRanks’ Stock Analysis page.