Boxi Property Exploration Program Expanded Revolving Around Mineralized Dyke

VANCOUVER - Rush Rare Metals Corp. reported on its spring 2024 exploration program at its Boxi property in Quebec. Boxi is a road accessible property comprised of over 8,000 hectares a short distance from Mont Laurier.  Based on early Boxi samples returning high values for Uranium. Orano dropped the Property following the Fukushima incident In 2013, prior to Rush Rare Metals ownership, Uranium mining was suspended in Quebec under a temporary moratorium still in place today. Rush subsequently acquired the Property on the strength of Niobium values in samples taken by Orano in 2011.

Niobium is categorized as a critical mineral in Canada and is used to make strong, light weight and corrosion resistant steel, superconductors, and various other highly topical products. There are only three Niobium mines of any significance in the world, two of them in Brazil, and the third, the Niobec Mine, just 350km from Boxi in Quebec. At Niobec, mining occurs at between 90 and 450 meters, and Niobium grades are between 0.4 and 0.5% (based on previous disclosures made by Niobec's operator).

Given the limited number of Niobium mines world-wide, and the multiple and increasing uses for Niobium, there has been a surge of market interest in Niobium projects recently.  

The spring 2024 exploration program expands on a similar program conducted in 2023, both revolving around a mineralized dyke that runs along the surface through the Boxi Property and for a distance of as much as 15km or more. In addition to completing the spring 2024 program, some additional data was discovered on SIGEOM (a government sponsored interactive map containing geoscientific data collected within Quebec over the past 150 years) surrounding past exploration at Boxi - 15 additional samples taken along the dyke in 2011 that have not previously been reported.

In 2024, stripping and sampling along the dyke was expanded in all directions, and we have now collected or obtained historical data for a total of 58 samples (including the newly discovered 2011 samples from SIGEOM) along a corridor of just over 2km, as well as completed a limited number of shallow backpack drill holes.

Pete Smith, CEO, said, ”These results show that pockets of high-grade Niobium are still occurring within the dyke, along with interesting grades for a variety of REE's, but the consistency of the mineralization is something we are still trying to fully understand. There are several key variables that are as-of-yet unknown - for example, how often are these highly mineralized pockets occurring, and do they increase in size or intensity with depth? Are there larger areas along the dyke, or at depth, where high mineralization may be more consistent? Perhaps most importantly, within all these dykes and off-shoots, is there a larger system yet to be discovered? We will conduct further analysis and seek recommendations to ascertain our best strategy for exploration going forward, but it is noteworthy that there are many sections along the dyke, including one area identified as anomalous on SIGEOM as a radiometric anomaly, that are yet to be explored."