New Earth starts exploration activities at Lucky Boy

Executive Summary

• New Earth Resources Corp. has announced the mobilization of its exploration program at the Lucky Boy uranium project in Gila County, Arizona, with activities expected to commence on or around January 21, 2026.
• The exploration phase focuses on enhancing the understanding of uranium mineralization through a combination of traditional and advanced geological and geochemical survey techniques.
• This marks a significant operational step in advancing the company's flagship past-producing property, aiming to define geological features and assess potential uranium resources.

Key Details

• Project Location: Lucky Boy uranium project, Gila County, Arizona.
• Mobilization Date: Exploration activities are scheduled to begin on or around January 21, 2026.
• Exploration Methodology:
  • Geological Mapping: Detailed mapping to identify rock formations, mineralization patterns, and structural features.
  • Geochemical Surveys: Soil and rock chemistry sampling to identify areas with potential uranium mineralization.
  • Scintillometer Surveys: Real-time measurement of radioactivity in the field to identify prospective areas.
  • Advanced Instrumentation: Utilization of handheld XRF (X-ray fluorescence) and LIBS (Laser-Induced Breakdown Spectroscopy) analyzers from SciAps for in-field elemental geochemical analysis, including light elements.
• Project History: The Lucky Boy project is a 100%-owned, past-producing property consisting of 14 Lode claims spanning approximately 273 acres. It features a small open pit and underground workings that produced uranium in the 1950s and again in the 1970s.
• Portfolio Context: The company also holds options to acquire 100% interests in the SL project (23 claims, ~1,101 hectares in Strange Lake, Quebec, prospective for rare-earth elements) and the Red Wine rare-earth project (2 claims, ~1,575 hectares in Labrador, Canada).

Notable Quotes

• "We are incredibly excited to announce the mobilization of this phase of our exploration program at our past-producing, flagship uranium property, the Lucky Boy project. With exploration activities commencing imminently, this marks an important step in advancing the project and unlocking its full potential," states Lawrence Hay, chief executive officer of New Earth Resources.