Neotech Metals Corp. Commences Drilling at Hecla-Kilmer Property

October 06, 2024 11:31 PM EDT | By Team Kalkine Media
 Neotech Metals Corp. Commences Drilling at Hecla-Kilmer Property
Image source: shutterstock

Highlights:

  1. Exploration Permit Secured: Neotech Metals has received its exploration permit and has initiated a 5,000-meter drilling campaign at its Hecla-Kilmer property.
  2. Expertise on Board: Justin Daley, CEO of VR Resources, joins Neotech’s advisory board, bringing extensive experience in Rare Earth Element and Niobium systems.
  3. Community Engagement: The Hecla-Kilmer project is located within the traditional territory of the Moose Cree First Nations, Taykwa Tagamou Nation, and the Metis Nation of Ontario.

Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690), a burgeoning mineral exploration company, is excited to announce a significant advancement in its operations: the receipt of its exploration permit for the Hecla-Kilmer property, located in Northern Ontario. With this permit in hand, the Company has commenced its 5,000-meter drilling campaign, targeting both peripheral zones to the northeast and southeast, as well as extensional drilling around the Pike Zone. This drilling effort aims to establish a maiden resource estimate for the property, which is anticipated to further enhance Neotech’s portfolio of valuable mineral resources.

 The Hecla-Kilmer property, recently acquired in July 2024, is situated approximately 20 kilometers from the Otter Rapids hydroelectric power generation station and the active Ontario Northway railway. These geographic advantages not only facilitate easier access but also position Neotech favorably for future logistics and potential resource transportation.

The current drilling campaign is strategically designed to explore areas with the highest potential for Rare Earth Elements (REE) and Niobium. As Neotech advances this project, it is optimistic that the drilling results will yield valuable insights into the resource potential of Hecla-Kilmer.

In addition to the drilling news, Neotech is pleased to announce the addition of Mr. Justin Daley as an advisor to its board. Mr. Daley, who serves as CEO and President of VR Resources, brings a wealth of experience managing multiple drill programs at Neotech’s Hecla-Kilmer project. His expertise in geology, geophysics, and geochemistry will be invaluable as Neotech explores this promising property.

Reagan Glazier, CEO of Neotech, expressed enthusiasm about Mr. Daley's involvement: “We’re fortunate to have Mr. Daley join our team. His knowledge and experience will provide invaluable insight as we explore and advance this project.”

As part of his compensation, Neotech has granted Mr. Daley 50,000 stock options, exercisable at a price of $0.30 for a three-year term, further aligning his interests with those of the Company and its shareholders.

Neotech Metals remains committed to responsible exploration and development practices. The Hecla-Kilmer project is located within the traditional territory of the Moose Cree First Nations, Taykwa Tagamou Nation, and the Metis Nation of Ontario. Neotech is dedicated to engaging with these communities throughout the exploration process, ensuring that local perspectives are respected and incorporated into project planning.

The Company's commitment to environmental stewardship and sustainable practices underscores its vision of making a positive impact while maximizing the potential of its exploration properties. Neotech is also focused on diversifying its portfolio, which includes its TREO and Foothills projects located in British Columbia.

As Neotech Metals Corp. embarks on this crucial drilling campaign at Hecla-Kilmer, stakeholders can anticipate updates on drilling results and future developments. The combination of expert guidance, strategic planning, and a commitment to community engagement positions Neotech to thrive in the evolving landscape of mineral exploration. The Company is enthusiastic about the opportunities that lie ahead and is committed to delivering value to its shareholders while contributing positively to the communities in which it operates.


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