01:09 PM EDT, 03/21/2024 (MT Newswires) -- E-Tech Resources Inc. (REE.V) on Thursday rose 6.7% on last look after reporting the completion of its trenching and sampling program at the Eureka project in Namibia.

The program revealed significant rare earth oxide mineralization across multiple locations within Exclusive Prospecting License 6762, the company said.

Among the highlights, the company said the trenching program results continue to confirm the company's new exploration model.

Early results support the concept of a large-scale, stratigraphic, and structural corridor within the Eureka Dome which hosts the rare earth mineralization, the company added.

Four out of the five new targets confirmed rare earth mineralization; and 18 out of the 19 focussed trenches intercepted rare earth elements bearing monazite mineralization similar to that found in the Eureka Central discovery deposit.