New Earth plans airborne geophysics surveys at Red Wine

Executive Summary

• New Earth Resources Corp. has commenced planning for airborne geophysics surveys at its Red Wine rare earth element (REE) project in east Newfoundland and Labrador.
• The survey program is designed to collect magnetic and radiometric data to identify geological characteristics and radioactive element anomalies (uranium and thorium) correlated with REE target mineralization.
• The project covers approximately 1,575 hectares in the Central Mineral Belt of Labrador, featuring lithologies with high potential for REE mineralization and a historic exploration track record.

Key Details

• Survey Design: The airborne geophysics surveys will utilize efficient 50-metre flight lines.
• Survey Components:
  • Magnetic Survey: To collect information on geological characteristics, including structural and lithological features.
  • Radiometric Survey: To detect anomalies in radioactive elements, specifically uranium and thorium, and assess correlations with REE target mineralization.
• Project Location & Size: The Red Wine project is located in the Central Mineral Belt (CMB) of Labrador and covers approximately 1,575 hectares.
• Geological Context: The project is underlain by the Red Wine complex lithologies, including peralkaline volcanic, porphyritic rocks, and peralkaline and alkaline plutonic rocks. It sits within the broader Red Wine intrusive suite, including peralkaline granites and syenites.
• Historic Exploration: The district has a history of REE-bearing mineral discoveries dating back to the 1970s, including:
  • Two Tom (niobium, beryllium, and REEs)
  • North Red Wine (uranium and zirconium)
  • Partridge River (thorium)
  • Mann (niobium, zirconium, and thorium)
• Technical Review: The technical content was reviewed and approved by Babak V. Azar, PGeo, a qualified person under National Instrument 43-101. Historic reports were reviewed, though the information has not been verified and is treated as historic.

Notable Quotes

• "This exploration program underscores our commitment to advancing the Red Wine project through methodical, data-driven approaches," said Lawrence Hay, chief executive officer of New Earth. "By building on historic data and integrating modern techniques, we aim to uncover the full REE potential of this promising district."