Strange Lake West Rare Earths Project

Targeting Rare Earth Anomalies Along a Geological Trend Near Strange Lake

MINERALS OF INTEREST:
Rare Earth Elements (REEs), Thorium, Lithium, & Uranium
LOCATION:
Northeast Quebec, 6 km west of Strange Lake
SIZE:
~6,505 hectares (136 claims)
STATUS:
Early-stage exploration

OVERVIEW

Located within 6 kilometres of the Strange Lake heavy rare earth elements deposit
Strong thorium anomaly with apparent cone glacial dispersion in direction of regional ice flow
Historical samples include total rare earth elements (TREO) values of up to 1.4%
Location of a strong regional magnetic anomaly
Alkalic intrusives with rare earth elements (REE) values

Introduction

The Strange Lake West is a rare earths project located in northeast Quebec, 6 kilometres west of the Strange Lake heavy rare earth element alkaline complex which contains a deposit of indicated resource of 278 million tonnes at 0.93% TREO and inferred resources of 214 million tonnes at 0.85% TREO (Micon International, 2017)

The project is centered on an area with a geological and geophysical signature similar to the Lac Brisson Pluton area which contains the Strange Lake deposit, and in an area where several rare earths occurrences have been located in the past but not followed up on. There is no recorded drilling on the project claims and an outcrop exposure is limited in several areas.

Location and Infrastructure

The project is in northeast Quebec, close to the Labrador border and consists of 136 claims covering 6,505 hectares. The town of Nain, Labrador is located 168 kilometers northeast and Schefferville, Quebec is 228 kilometres to the southwest. The mining port of Voisey Bay is 150 kilometres due east. Access to the property is via helicopter from Nain, Schefferville or Happy Valley Goose Bay.

Geology

The project is located within the northeastern Canadian Shield of Quebec and Labrador. A portion of the project straddles the margins of the Napeu Kainut suite, a massive quartz mangerite/quartz-monzonite intrusive of 25 kilometres in diameter. The Lac Brisson Pluton which hosts the Strange Lac REE deposit can also be found along this same margin further to the east. Locally, the geology is not well understood. Government mapping indicates the presence of gabbro, granite, pegmatite, syenite and paragneiss.

Historical Work

Historical work on the project dates primarily from 2010 and 2011 when surface exploration work was done over various portions of the current project boundaries. The surveys were small in scale and only covered minute portions of the project which limits information on the underlying geology. Results from these programs include 21 samples grab samples with TREO values ranging from 0.1% TREO to 1.4% TREO. These results include:

2500 ppm Neodymium
800 ppm Praseodymium
380 ppm Dysprosium
150 ppm Lutetium
102 ppm Ytterbium
3700 ppm Yttrium

Portions of the project are also covered by an airborne magnetic and radiometric which identified several anomalies than remain unexplained.

In 1982 a large comprehensive regional lake bottom sediment analysis survey was conducted by the Quebec Ministry of Energy and Resources, Geochemistry/Geophysics Department. The southern portion of the project is depicted as anomalous in lithium, while the central portion is anomalous in uranium.

NeoTerrex Exploration and Results

NeoTerrex has not completed any work on the project to date. An exploration crew will be undertaking an exploration program during the summer of 2025, focusing on areas of known mineralization and/or strong radiometric anomalies.