January 2, 2025 4:39 PM ET | Source: Showcase Minerals Inc.
Calgary, Alberta–(Newsfile Corp. – January 2, 2025) – Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) (“Showcase” or the “Company”) is pleased to announce the results of Phase I. We will make an announcement. the exploration program of the Pontiac Project located in Quebec, Canada (the “Property”); The program successfully confirmed historic uranium mineralization, while also identifying outliers in rare earth elements (REE), uranium, and other strategic minerals. Phase I was designed to verify historic mineralization, evaluate exploration targets, and identify potential new areas of interest on the property. Exploration operations include ground surveys, geological mapping, sampling activities, and scintillometer radiometric surveys.
Results highlights:
The Phase 1 sampling program yielded the following key findings:
Rare earth elements (REE) (Figure 1): Light rare earth elements (LREE) values ranged from 17.81 ppm to 3,584.7 ppm. Heavy rare earth elements (HREE) values ranged from 3.26 ppm to 1,098 ppm. Total REE (TREE) values ranged from 22.3 ppm to 1,098 ppm. 4,682.7 ppm. Sample 1157251 was collected from the granite-schist contact zone in the southwestern part of the site and had the highest TREE associated with 0.24% uranium oxide (U3O8) and surface radioactivity from 12,000 counts per second (cps) to 38,000 cps. (4,682.7 ppm). Uranium (U) and uranium oxide (U₃O₈): Uranium values ranged from 6.6 ppm to 5,940 ppm. Uranium oxide (U3O₈) values ranged from 0.002% to 0.714%. Thorium (Th): Values range from <100 ppm to 6,200 ppm (FUS-XRF method) or 6,370 ppm (FUS-MS method). Other elements: Rubidium (Rb): 15 ppm to 418 ppm. Zircon (Zr): 9 ppm to 2,975 ppm. Niobium (Nb): 2 ppm to 552 ppm. Molybdenum (Mo): <2 ppm to 714 ppm. Barium (Ba): 30 ppm to 2,446 ppm. Lead (Pb): 24 ppm to 4,110 ppm. Significant Samples: Sample 1157262 taken from the X-ray display returned high values for uranium oxide (0.714%), molybdenum (714 ppm), and lead (4,110 ppm). , highlighting the potential of polymetallic exploration.
Kirk Reed, CEO of Showcase Minerals, said, “We are excited about the results of the Phase 1 exploration program at the Pontiac Project.” “These discoveries not only validate historic uranium mineralization but also highlight the significant rare earth element potential of this property. Additional strategic mineral discoveries including niobium, molybdenum and rubidium highlights the polymetallic nature of this asset and its importance to the critical resource’ mineral supply chain. ”
“As global demand for clean energy technologies and strategic materials continues to grow, the potential of the Pontiac project as a multi-product exploration target aligns with our commitment to advance projects that support a sustainable future. We look forward to building on these results in Phase II,” said Kirk Reed, CEO of Showcase Minerals.
Sampling and QA/QC procedures
The 2024 exploration program included geological map exploration, rock sampling, and ground radiometric measurements using scintillometers. Five historical screenings in the western site area and one in the eastern area were the focus of the work program. Surface radioactivity, mainly associated with pegmatites, was recorded in the range of 5,000 cps to 55,000 cps. A total of 37 rock (grab and chip) samples were collected from various outcrops and floats. During the study, if the scintillometer reading was too low or a sample could not be collected, only a scintillometer scan was performed and the readings were recorded. Fifty-nine scintillometer scan readings were obtained from across the site.
Samples from the program were bagged and tagged according to best practices and delivered to Activation Laboratories (“ACTLABS”) in Ancaster, Ontario for sample preparation and analysis. ACTLABS is a commercially accredited ISO (ISO/IEC 17025:2017 and ISO 9001-2015) accredited laboratory independent of Showcase. No officer, director, employee, or employee of Showcase or the vendor was involved in sample preparation and analysis. Samples were analyzed by ICP-MS (0.1 ppm – 1% U3O8) at ACTLABS in Ancaster, Ontario for Laboratory Code 8 – U3O8 and “approximate total” of thorium (Th)4 acids and rare earth elements (REE ) were analyzed using ICP-MS. Code 8 – REE.
Qualified person
Afzaal Pirzada, P.Geo., a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this news release.
About showcase minerals
Showcase Minerals is a Canadian mineral exploration company with an option to acquire a 100% interest in the Pontiac property, subject to a 2% net smelter profit royalty. The project includes 60 mineral claims located near Fort Coulanges in southwestern Quebec.
About Pontiac Uranium Property
The Pontiac Uranium property spans approximately 3,461 hectares and is located on NTS Sheet 31F15 near Fort Coulange, Quebec. The site is supported by local infrastructure and a history of successful exploration, and benefits from road access from Ottawa via Highway 148. The property is located within Glenville County and features a variety of geological formations, including migmatized semi-gneiss and granite intrusions. The uranium-thorium deposit, discovered in 1955, is hosted in pegmatite and granite, with mineralization detected in areas of up to 0.11% to 1.0% U3O8 and up to 16.0% ThO2.
For more information, investors are encouraged to review the Company’s filings available at www.sedarplus.ca.
Figure 1: Rock sample analysis statistics for rare earth minerals.
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Figure 2: Analysis of rock samples
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235889.
Source: Showcase Minerals Inc.
