E-Tech Resources Inc. Commences Its Second Drilling Campaign Including 3000 Meters of RC and 2000 Meters of Diamond Drilling at Its 100% Owned Eureka Ree Project in Namibia

Halifax, Nova Scotia–(Newsfile Corp. – December 2, 2021) – E-Tech Resources Inc. (TSXV: REE) (“E-Tech or the Corporation“) is pleased to announce the commencement of a combined diamond drilling (“DD”) and reverse circulation drilling (“RC”) campaign at its Eureka Rare Earths Project in Namibia following encouraging assay results of the previous DD and RC drilling campaigns, as released on 10 November and 1 December 2021 respectively.

Assay results from DD holes ED008 to ED020 are still outstanding and are expected to arrive within the next months.

The planning for the upcoming combined drilling campaign includes:

• 34 RC holes totaling 3,000 meters, across Zones 1, 2, 3; and Zone 4 for the first time,
• 12 DD holes totaling 2,000 meters, across Zones 1, 2 and 3

The targets across all Zones are presented in Figure 1 and the drill targets have been prioritized according to surface geophysical, trenching, RC and DD exploration results.

Elbert Loois, E-Tech Resources Inc. CEO commented, “It is a pleasure to announce the 2nd combined RC and DD campaign this year at our Eureka project site. The results received to date have been very encouraging and we look forward to this program of 3,000 meters of RC and 2,000 meters of DD, which we will increase our understanding of the Project. Thank you to everyone on the E-Tech team for their hard work preparing for this program.”

Eureka Zones 1 – 4:

Zone 1:

3 DD holes are planned to further define the depth extent of the carbonatite dykes in Zone 1, as well providing further structural information.

Zone 2:

6 RC holes are planned to test the western extension of the Zone 2 carbonatite dykes, and test the occurrence of a number of parallel dykes within the zone.

Zone 3:

20 RC holes are planned for the southern Zone 3 to test dyke outcrops, recently uncovered by trenching, to depth,

6 DD holes in the southern Zone 3 are designed to provide structural context to the RC drill holes as well as testing the mineralisation to depth beyond the reach of RC and,

3 DD holes in the northern part of Zone 3 designed to test the presence of a series of carbonatite dykes at shallower depths and to provide structural context to the area.

Zone 4:

8 RC holes are planned to test the presence of carbonatite dykes at depth and along the 500 metres where carbonatite dykes have recently been discovered. This is the first time this area has been drilled.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106328