In 2023, the company implemented key changes in corporate and exploration management in a strategic way before embarking on an extensive exploration drive that saw expansive soil geochemical anomalies be identified, and mineralized structures were discovered.
Historic data re-assessment in 2023, resulted in the revised perception of lithology and structural setting of light rare earth element mineralization on the Eureka project. In the last quarter of 2023, an exploration program was launched involving geochemical soil sampling and ultra-high-resolution drone-based magnetic surveys.
CEO Todd Burlingame commented:
“The new data obtained from the late 2023 exploration program indicates that there is likely to be a multifold repeatability of the known Eureka Central mineralization on a regional scale on E-Tech’s property. This, combined with enhanced geophysical tools and the first boots on the ground on the new EPL 8748 will allow us to expand our exploration activities on a regional scale. I am excited to see how integration and reinterpretation of all the data will get us going in 2024.”
Source: Mining Review Africa