Lightning Minerals uncovers multiple new lithium targets in Canada
August 31, 2023 at 01:16 pm EDT
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Lightning Minerals Ltd (ASX:L1M) CEO Alex Biggs tells Proactive the company has set its sights on seven promising pegmatite exploration target areas at the Dalmas and Hiver lithium projects in the James Bay lithium hotspot region of Canada, based on 165 discreet signatures generated from multispectral analysis. Forming an important first proof of prospectivity as the company progresses due diligence on the projects, the target areas are up to 2.7 kilometres long at Dalmas and 2.1 kilometres in length at Hiver. L1M says the results generated in this analysis will form the basis of reconnaissance fieldwork on the project, beginning with phase 1 rock chip sampling and ground truthing, to begin once the acquisition is complete.
“Multispectral analysis is an excellent first step in developing prospectivity of the project areas and has been utilised in the James Bay region recently.
“These target areas now give us a starting point for exploration allowing us to effectively target areas of interest.
“The acquisition of the projects is still pending successful completion of the company’s due diligence but it should be noted that works are on track and positive at this stage.
“We look forward to updating the market as soon as due diligence is finalised,” Biggs said.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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Lightning Minerals Limited is an Australia-based mineral exploration company. The Company is focused on the exploration of critical minerals and lithium at its tenements across Western Australia. Its flagship Dundas Project is located in the Dundas region of Western Australia. Its Caraibas and Sidronio Lithium Projects are located in the Eastern Brazilian Pegmatite Province that encompasses about 150,000 square kilometers, stretching from Bahia state to Rio de Janeiro state. The Company also owns the Dalmas and Hiver lithium projects in Quebec, Canada, another significant and evolving lithium region globally as well as other projects in Western Australia which include Mt Jewell, Mt Bartle and Mailman Hill, which are prospective for base metals and critical minerals. The Dundas Project is 454 square kilometer land holding in Western Australia that is prospective for lithium and critical minerals. The Caraibas Project consists of five separate tenements covering about 1,733 hectares.