New Earth Resources plans exploration for SL

Executive Summary

• New Earth Resources Corp. has announced a comprehensive regional-scale exploration program for its SL Rare Earth Elements (REE) project in Quebec, Canada.
• The program aims to generate foundational data layers through prospecting, airborne geophysics, and geochemical surveys to identify potential REE mineralization and guide future targeting.
• The announcement coincides with the upcoming commencement of the first phase of the company's Lucky Boy uranium project exploration, highlighting a strategic diversification into both rare earth and uranium sectors.

Key Details

• Project Location & Tenure: The SL project consists of 23 claims covering approximately 1,102 hectares in the Strange Lake area of Quebec, Canada. The company holds an option to acquire a 100-per-cent interest.
• Geological Context: The property is underlain by alkaline to calc-alkaline rocks (granite, mangerite, and quartz monzonite), a setting known for REE endowments. It is located just a few kilometres from the established Strange Lake REE district.
• Exploration Components:
  • Regional Prospecting: Systematic field teams to locate outcrops and floats, collecting samples to assess initial REE potential.
  • Geophysical Studies: An airborne (drone) magnetic survey to map geological features and interpret subsurface structures relevant to REE mineralization.
  • Geochemical Surveys: Lake-bottom sampling (sediment and benthic techniques) to detect REE anomalies, complemented by soil sampling from uplands, shorelands, and islands.
• Strategic Context: CEO Lawrence Hay noted that the first phase of the Lucky Boy uranium project exploration is set to commence in the coming days, positioning the company to take advantage of both rare earth and uranium sectors simultaneously.
• Technical Review: The technical content was reviewed and approved by Babak V. Azar, PGeo, a qualified person under National Instrument 43-101. Historical reports from the optionor were reviewed but not verified.

Notable Quotes

• "This exploration phase represents a critical milestone in unlocking the value of the SL project," said Lawrence Hay, chief executive officer of New Earth. "By leveraging advanced geophysical and geochemical methods, we aim to build a robust data set that will guide our targeted efforts toward identifying high-potential REE zones. Furthermore, with the first phase of our Lucky Boy uranium project's exploration program set to commence in the coming days, we are very excited to be strategically diversified and positioned to take advantage of both the rare earth and uranium sectors simultaneously."