E-Tech Resources’ (TSXV:REE,FWB:K2I) continued work at its Eureka rare earth element (REE) project in Namibia has created many robust drill targets, according to Chairman and Interim CEO Jim Megann.
Megann explained how the company is de-risking the project and creating more opportunities to increase shareholder value.
“What we’re doing from an investment perspective is we’re reducing the risk,” Megann said. “We’re providing — to use a Canadian analogy — more shots on goal. We had one shot on goal. We now have 17 shots on goal, and we’ve got almost double that yet to come. If you’ve got that many shots on goal, the opportunity of scoring is obviously greater.”
He added that E-Tech will be working diligently on those targets to determine which ones are drill ready. The company announced in mid-April that assay results from 38 rock chip samples collected during a wider exploration program at the Eureka REE prospect confirmed REE mineralization.
Watch the full interview with Jim Megann, chairman and interim CEO of E-Tech Resources, above.
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