NeoTerrex Minerals Inc. (TSXV: NTX) has announced that a four-person crew will mobilise to its Reservoir gold and copper project in Québec to conduct fieldwork in preparation for an upcoming drill program. Work will focus primarily on the C52 Zone, including C52 South, with crews set to locate historical drill collars, resample mineralised outcrops, and prospect for additional targets. The announcement builds on historical drilling from the 1980s and 1990s and signals NeoTerrex's intent to validate and expand upon those earlier results. Investors may be watching the fieldwork outcomes as a precursor to the company's initial drill program at the project.

Key Points

  • NeoTerrex Minerals Inc. (TSXV: NTX) announced fieldwork mobilisation at its Reservoir gold and copper project in Québec
  • A four-person crew will conduct target validation, historical drill collar location, and outcrop resampling ahead of a planned drill program
  • Historical results at C52 include 7.63 g/t gold over 4.00 metres and at C52 South, 8.02 g/t gold over 2.00 metres; these are unverified historical figures
  • Investors should watch for results from fieldwork activities and confirmation of drill program timing

C52 Zone and C52 South Fieldwork Priorities at Reservoir

The majority of the upcoming fieldwork will target the C52 Zone and C52 South, where historical drilling has identified gold and copper mineralisation that remains open at depth and along strike. The crew will verify historical drill collar locations using GPS, relocate and resample mineralised outcrops and trenches, and prospect for new mineralised exposures. The company notes that numerous untested geophysical anomalies lie within two kilometres of C52, several coinciding with soil anomalies. NeoTerrex states these activities are intended to improve geological interpretation and refine priority drill targets. Historical results referenced in the announcement have not been independently verified by a Qualified Person.

Mitlin Zone and Bear Island Provide Additional Copper-Gold Targets

Beyond C52, the fieldwork will also assess the Mitlin Zone and Bear Island. At Mitlin, historical channel sampling returned grades including 13.17 g/t gold, 5.48% copper, and 31.2 g/t silver over 1.00 metre, with historical drilling returning 2.17% copper over 3.00 metres. At Bear Island, historical drill results include 5.21% copper over 1.07 metres. The company also identified the C52 West Zone, a silver-copper soil anomaly approximately 1,100 metres long, with historical soil sampling returning silver values of up to 7 g/t. All historical results cited remain unverified and drill intervals represent core lengths; true widths are unknown.

NeoTerrex's Option Agreement and Conceptual Deposit Model at Reservoir

NeoTerrex is the project operator and holds an option to earn a 100% interest in Reservoir from EastMain Resources Inc., a wholly-owned subsidiary of Fury Gold Mines Limited, subject to option agreement terms. President and CEO Mathieu Stephens, who also serves as the Qualified Person for the release, described the presence of feldspar porphyries and diorite within a high-strain area as encouraging, noting conceptual similarities with the Troilus deposit. The company explicitly cautions that this comparison is conceptual and does not establish that Reservoir hosts a deposit of similar size or grade. Reservoir is road accessible with nearby accommodations and hydroelectric infrastructure.