New Earth continues grid sampling at Lucky Boy

Executive Summary

• New Earth Resources Corp. provided an update on ongoing exploration activities at its Lucky Boy uranium project in Arizona, specifically focusing on grid soil sampling and geological mapping.
• Approximately 40% of the core area of known mineralization has been systematically grid sampled using 100-metre line spacing and 50-metre sample intervals.
• Data suggests that historic drilling in 2006 only tested the upper portions of the host quartzite formation, and an intrusive dike may have obscured lithology; however, elevated radon gas values suggest mineralization may extend south and west under cover.

Key Details

• Project Location: Lucky Boy uranium property, Gila County, Arizona, USA (100% owned).
• Exploration Activities:
  • Grid soil sampling on 100-metre line spacing with 50-metre sample intervals.
  • Detailed geological mapping.
  • Completion of preliminary geochemical sampling, to be shipped to Paragon Geochemical.
• Progress: Approximately 40% of the core area of known mineralization has been systematically grid sampled.
• Geological Findings:
  • 2006 reverse circulation (RC) drilling tested only the upper portions of the quartzite formation hosting uranium mineralization.
  • An intrusion of a low-angle, 50-to-100-metre-thick dark intrusive dike rock has obscured much of the lithology hosting mineralization.
  • Historic surface anomalies identified by mobile metallic ion (MMI) surveys (2006) and radon gas surveys (2023) may indicate a potential response to mineralization beneath the intrusive unit.
  • Elevated radon values suggest the trend of uranium mineralization could extend to the south and west under cover.
• Future Work: Field efforts will focus on completing grid soil sampling, detailed geologic mapping, and identifying structural pathways guiding the migration of radon gas.
• Qualified Person: Warren Robb, PGeo, consulting geologist and independent qualified person under National Instrument 43-101.

Notable Quotes

• No direct quotes from management were included in the provided text.