New Earth Resources Announces Exploration Plans on its Red Wine Rare Earth Elements Project

Core Viewpoint - New Earth Resources Corp. has initiated exploration activities on its Red Wine Rare Earth Elements project in Newfoundland and Labrador, highlighting the potential for significant REE mineralization in the area [1][10]. Project Overview - The Red Wine project spans approximately 1,575 hectares and is located in the Central Mineral Belt of Labrador, primarily underlain by the Red Wine Complex lithologies, which are known to have high potential for hosting REE mineralization [2]. - The project is part of the broader Red Wine Intrusive Suite, which has a documented history of REE-bearing minerals and has seen multiple discoveries of REE and associated commodities in the district [3]. Historical Data - Historical exploration programs have indicated the presence of REE with grab samples returning results greater than 1% Total Rare Earth Oxides (TREO), with the highest grade recorded at 5.37% TREO [3]. Planned Exploration Program - The exploration program aims to generate various layers of exploration information at both regional and local scales to assess REE mineralization potential [4]. Regional Scale - The regional-scale exploration will include prospecting, airborne geophysics, remote sensing, and soil sampling to identify new REE potentials and correlate existing mineralization with geophysical data [5][6]. Local Scale - The local exploration will involve geological mapping of existing mineralization zones, geochemical soil sampling, and limited ground geophysical data acquisition to further define geological and geochemical features [7]. Prospecting and Geophysics - The prospecting phase is designed to identify outcrops and conduct sampling, while the geophysics component will re-interpret historic surveys and conduct detailed magnetic and radiometric surveys to enhance understanding of the project area [8]. Company Background - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing advanced and early-stage exploration projects, with its flagship project being the Lucky Boy Uranium Property in Arizona [11]. - The company also has options to acquire additional claims in Quebec, which are prospective for rare earth elements, further diversifying its portfolio [12].