New Earth outlines REE exploration at Red Wine project

Executive Summary

• New Earth Resources Corp. has initiated a new exploration program on its Red Wine Rare Earth Elements (REE) project in east Newfoundland and Labrador.
• The project covers approximately 1,575 hectares within the Central Mineral Belt of Labrador, featuring lithologies with high potential for REE mineralization.
• The exploration strategy involves both regional-scale activities (prospecting, airborne geophysics, remote sensing, soil sampling) and local-scale activities (geological mapping, geochemical soil sampling, ground geophysics) to target new discoveries and assess existing mineralization.

Key Details

• Project Location & Size: Red Wine REE project, east Newfoundland and Labrador, covering approximately 1,575 hectares.
• Geological Context: Located in the Central Mineral Belt (CMB) of Labrador; underlain by Red Wine complex lithologies including peralkaline volcanic, porphyritic rocks, and peralkaline/alkaline plutonic rocks.
• Historic Significance: Part of the Red Wine intrusive suite (North and South Red Wine plutons). Historic programs since the 1970s have identified REE-bearing minerals in the district (e.g., Two Tom, North Red Wine, Partridge River, Mann).
• Historic Assay Results: Grab samples returned results greater than 1% TREO (Total Rare Earth Oxides), with a highest recorded grade of 5.37% TREO.
• Regional Scale Exploration Plan:
  • Prospecting: Identify outcrops and conduct sampling.
  • Geophysics: Reinterpret historic magnetic/radiometric surveys (July 2010) and conduct a detailed magnetic plus radiometric survey (50m line spacing) across southern and northern claims to cover missing areas.
• Local Scale Exploration Plan:
  • Mapping: Geological mapping of existing mineralization zones.
  • Geochemistry: Local geochemical soil sampling.
  • Geophysics: Limited ground geophysical data acquisition.
• Objective: Generate exploration information layers for area reduction, target REE mineralization potential, investigate existing mineralization, and create geochemical/geophysical models for new discoveries.
• Qualified Person: Babak V. Azar, PGeo, reviewed and approved the technical content. Historic reports were reviewed but not verified.

Notable Quotes

• "This exploration program underscores our commitment to advancing the Red Wine project through methodical, data-driven approaches," states 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."