- The newly staked Pheno claims cover an area of approximately 5 km x 14 km and were staked due to highly anomalous REE tenors returned from random rock sampling during a program of BC government reconnaissance mapping. (See Figure 2 Below for Claims Map or Click Here to View Map);
- Rhyolites sampled on the Pheno claims returned assays comparable to the inferred resource grades at Round
Top Mountain , a bulk-tonnage REE deposit inTexas, USA (See figure 1 below or Click Here to View Table); - Staking costs and existing infrastructure provide an efficient way to add this critical mineral opportunity to the Company; and
- The contiguous nature of the Pheno claims allows us to concurrently work on advancing key Rock & Roll targets for gold, copper and molybdenum.
Comparison of Round Top Resource Grade with the five most anomalous rock samples from the Pheno claims. The 4 REEs used for comparison are of high importance due to their demand in electronics and green energy production. *This comparison is to illustrate the significance of REE analytical values from a small number of individual rock samples collected on the Pheno Claims and does not suggest the claims have been shown to contain resources of these grades nor that mineralogy is similar to those described in the Round Top Mountain PEA.
In 2011, the BC geological survey took 18 rock samples across an area that sits within the new claim group. The purpose of this sampling program was the classification of various volcanic and hypabyssal rocks found in the area. Geochemical assays revealed significantly elevated REEs taken from Neogene peralkaline volcanic rocks with a number of the samples returning between 0.1% total rare earth oxide (or "TREO") and 0.36% TREO. Elevated samples were mainly taken from rhyolite and the related quartz-feldspar-porphyry dikes that are likely coeval with the rhyolite volcanism.
Peralkaline rhyolite rocks, like the ones identified at the Pheno claims, are a relatively new exploration target for REEs and provides a much larger area of prospective ground when compared to the smaller and more common carbonatite hosted REE deposit. ETR is excited to be the first company to explore such a large, prospective package of rocks with highly anomalous REE tenors. The author of the paper from which the original information is sourced states, "For random samples collected over a ~20 km2 area, with no expectation of elevated REEs, the analyses are encouraging, and further sampling is warranted". (Zagorevski, 2013). As yet, this area has seen no such sampling.
The team is planning a late season exploration program to complete a first pass rock sampling program across the Pheno claims. The Company would also like to complete IP lines at the Discovery Target as well as follow up work on the newly emerging
Rare earth elements consist of a grouping of 17 individual elements that are often concentrated in extensional alkalic environments with a high degree of magmatic fractionation. This group of elements is on the Canadian governments list of the 6 most important critical minerals that are used for many purposes, including electronics, LEDs, wind turbines, catalytic converters and smartphones. REEs have become highly sought after primarily due to the short supply and lack of production in
Technical aspects of this news release have been reviewed and approved by
Hulse, D. E., Malholtra, D., Matthews, T., & Emanuel, C. (n.d.). (tech.). NI 43-101 preliminary economic assessment round top project, 2019
Zagorevski, A., Dziawa, C., Friedman, R.M. and Mihalynuk, M.G., 2013. geology, u-pb geochronology, and geochemistry of the miocene pheno mountain complex, hoodoo mountain area, british columbia.
Mihalynuk, M.G., Zagorevski, A., Cordey, F., 2012: Geology of the Hoodoo Mountain Area (NTS 104B/14W);
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