Neotech Metals Begins Field Work on its Foothills Project, British Columbia

Rhea-AI Summary

Neotech Metals has announced the start of its summer field program on its 100% wholly-owned Foothills project in British Columbia, Canada. The exploration will include ground-based geophysics, rock and stream sediment sampling, and geochemical and biogeochemical sampling, targeting potential discoveries. This effort is in collaboration with Anomalous Exploration. The region, identified as highly prospective by the British Columbia Geological Survey (BCGS), has elevated rare-earth element concentrations. Neotech's CEO, Reagan Glazier, expressed excitement about the early access to the property due to diminished snowpack, allowing for extensive exploration within the year.

Positive

• Neotech Metals begins a summer field program on a 100% owned project.
• Utilizing proven methodologies for potential rare-earth discoveries.
• Collaboration with Anomalous Exploration for expertise.
• Region identified as highly prospective by BCGS.
• Elevated concentrations of rare-earth elements in the area.
• Early access to the property due to diminished snowpack supports extensive exploration.

Negative

• No immediate mention of financial gains or investment returns.
• Ongoing exploration means results and benefits are uncertain and likely long-term.
• Heavily reliant on geological surveys and sampling, which may not guarantee significant findings.
• No specific timelines or milestones provided for the field work.

Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or the "Company"), a rare-earth mineral exploration company, is pleased to announce the start of its summer field program on its 100% wholly-owned Foothills project in British Columbia, Canada.

Ground-based geophysics, rock and stream sediment sampling, geochemical soil, and biogeochemical sampling focusing on the anomalous British Columbia Geological Survey ("BCGS") stream-sediment samples will be used to aid in targeting any potential discoveries. Using this methodology has led to significant discoveries in the past (e.g., Brummer et al. 1987).

Teamed up with Anomalous Exploration Ltd, Neotech employees, and contractors will focus on samples to be taken on a regional scale and sent into labs for assay to prepare for a mapping and prospecting program planned for later this year.

The ongoing BCGS survey, along with recent literature, ranks the region as highly prospective due to the elevated concentrations of rare-earth elements scoring in the 98^th percentile across the survey, conducted across the entire province.

The recent BCGS publication (January 2024) can be found here.

Reagan Glazier, CEO of Neotech Metals, commented: "We're excited to commence work on this highly prospective ground and to be able to gain access to the property this early in the season due to the diminished snowpack, allowing us to systematically explore the region in multiple phases within a single year."

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Mr. Ike Osmani, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

For more Information please contact:
Reagan Glazier, Chief Executive Officer
E-mail: info@neotechmetals.com
Telephone:+1 403-815-6663

About Neotech Metals Corp.

Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions 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 is a dedicated rare-earth element mineral exploration company based in Vancouver, B.C., and owns 100% of it's TREO Rare Earth Element Property located 90km Northeast of Prince George, British Columbia and its Foothills Project which it also owns wholly 100%. The Company also holds options on the EBB nickel-cobalt property in British Columbia, Canada.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on certain expectations and assumptions, including future plans and objectives of Neotech Metals Corp. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

The CSE has not reviewed, approved, or disapproved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209207

FAQ

What project has Neotech Metals started working on?

Neotech Metals has begun fieldwork on its Foothills project in British Columbia.

What methods is Neotech Metals using in their exploration?

Neotech Metals is employing ground-based geophysics, rock and stream sediment sampling, geochemical and biogeochemical sampling.

Why is the Foothills project area considered highly prospective?

The British Columbia Geological Survey ranks the area highly due to elevated concentrations of rare-earth elements scoring in the 98th percentile across the survey.

When was the recent BCGS publication released?

The recent BCGS publication was released in January 2024.

What is the stock symbol for Neotech Metals?

Neotech Metals trades under the stock symbol NTMFF.