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Neotech Metals Corp
Symbol NTMC
Shares Issued 61,873,668
Close 2024-11-18 C$ 0.115
Market Cap C$ 7,115,472
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Neotech completes initial drill program at Hecla-Kilmer

2024-11-19 09:38 ET - News Release

Mr. Reagan Glazier reports

NEOTECH METALS CORP. COMPLETES INAUGURAL DRILL PROGRAM AT HECLA-KILMER

Neotech Metals Corp. has completed its maiden drill program at its flagship project, Hecla-Kilmer (H/K). The program conducted nearly 5,000 metres of drilling, where all core is to be assessed, sampled, split and sent to laboratories for assays. A small crew remains at Hecla-Kilmer to conduct the remaining project activities related to the acquired cores and data.

The fully financed drill program aimed to extend out laterally from holes such as HK24-013, which intersected 361 metres of 1.0 per cent TREO (total rare earth oxides) (20 per cent was PMREOs (permanent-magnet rare earth oxides)) from bedrock surface, and hole HK24-008, which intersected 120 metres of 0.5 per cent TREO and 0.20 per cent Nb2O5 (niobium pentoxide) in the Pike zone. Additional drill testing in the South Rim zone and more peripheral targets was also undertaken. The company is also reports that the program was completed without any safety incidents.

"I'm pleased with how much progress was made at H/K and want to thank all contractors, local suppliers, communities and first nations partners for their contributions in ensuring a successful drill program," commented chief executive officer Reagan Glazier. "We remain optimistic about the future of H/K and look forward to the assays and upcoming work season next year."

About Neotech Metals Corp.

Neotech Metals is a mineral exploration company dedicated to discovering and developing valuable mineral resources within promising jurisdictions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.

The company has a diversified portfolio, including its new flagship, Hecla-Kilmer, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northway railway, along with its TREO and Foothills projects located in British Columbia. All three projects are 100 per cent wholly owned.

Qualified person

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Jared Galenzoski, vice-president, exploration, PGeo, and qualified person, has reviewed and approved all of the data and statements made for this news release.

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