Neotech hits encouraging results at Hecla-Kilmer near Timmins

Neotech Metals Corp. has announced additional geochemical assay results from its exploratory diamond drilling program of the Niobium and Rare Earth Element ("REE") carbonatites located at the Hecla-Kilmer ("H/K") Project near to Otter Rapids in Northern Ontario. The Company also has completed a shares-for-debt settlement. 

Neotech is reporting assay results from three drill holes: HK24-028 from the West Pike Zone, HK24-030 from the South Rim, and HK24-025 from the Northeast Rim of the Hecla-Kilmer Project. These holes were part of a broader 12-hole program totaling 5,047 meters, completed during the Fall 2024 drill campaign. The 2024 drill program (see Figures 1 & 2) was designed to test for intervals of Total Rare Earth Oxide ("TREO") and Niobium Oxide ("Nb₂O₅") within the alkaline intrusive carbonatite complex.

Reagan Glazier, CEO, said in comment, "We are pleased to report another strong set of drill results that reinforce the scale and continuity of rare earth and critical mineralization at Hecla-Kilmer. These broad intercepts, coupled with the recently announced positive metallurgical results, position Hecla-Kilmer as a highly compelling, strategically important domestic rare earth project. As global concerns surrounding the secure supply of critical minerals continue to intensify, the combination of promising leachability and potential large-scale mineralization underscores Hecla-Kilmer's value as a foundational asset in the North American supply chain. With the system open in multiple directions, we remain focused on advancing exploration and unlocking its full potential."

Upcoming 2025 Exploration Program

Future exploration programs will be guided by the ongoing integration of field data to refine geological, geochemical, and structural models, with the goal of identifying and prioritizing new targets for evaluation. Additional metallurgical test work will also continue to support project advancement and inform potential development pathways.

The Company wishes to focus on additional drilling to delineate a resource to further develop the asset at Hecla-Kilmer. The company also has a drill program slated for its TREO project (fully funded) to test the high-grade mineralization found in bedrock samples from its 2024 field program.

Tags: Northern Ontario / Exploration / Minerals / All Articles