Neotech Metals Corp. Drills 86 Meters of 1.06% TREO from Bedrock Surface: A Game Changer for the Hecla-Kilmer Project

Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) has made a significant discovery at its Hecla-Kilmer Project in Northern Ontario, Canada. The company announced preliminary geochemical assay results from its inaugural diamond drilling program, revealing 86 meters of 1.06% TREO (Total Rare Earth Oxide) from bedrock surface, approximately 300 meters from the Pike Zone mineralized corridor. This discovery has the potential to significantly enhance the overall resource potential of the project and contribute to an increase in Neotech Metals Corp.'s market valuation.

The drill hole HK24-034, located south of the Pike Zone, confirmed multiple mineralized intervals containing elevated levels of niobium and rare earth elements. The high-grade intercepts, including 1.06% TREO over 86 meters, demonstrate the presence of valuable niobium and rare earth elements in the area. This discovery suggests that the project may have the potential to host substantial mineral resources, which could be economically viable for extraction and processing.

The strong TREO grades found at the surface at the TREO Project, with peak values of 28.97% TREO and 17 samples assaying above 1% TREO, present significant opportunities for near-surface mining and the potential for early cash flow generation for the company. The road-accessible property enables low-cost exploration programs with simple logistics, reducing the overall footprint required to conduct exploration programs and allowing for efficient and cost-effective near-surface mining operations.

The discovery at the Hecla-Kilmer Project compares favorably to other recent rare earth element (REE) discoveries, as it highlights the potential for broad zones of mineralization and enhances the overall value of the project. The project's strategic location near Otter Rapids in the James Bay Lowlands of Northern Ontario provides easy access to infrastructure, such as the active Ontario Northway railway and the Otter Rapids 180MW hydroelectric power generation station, which can facilitate low-cost exploration programs and reduce the overall footprint required to conduct exploration activities.

In conclusion, Neotech Metals Corp.'s discovery at the Hecla-Kilmer Project has significant implications for the overall resource potential of the project and the company's market valuation. The high-grade intercepts and the potential for near-surface mining present exciting opportunities for investors, as the company continues to explore and develop the project. As the company advances its understanding of the region and prepares for the upcoming drill program, it is well-positioned to capitalize on the potential of the Hecla-Kilmer Project.