Lightning Minerals uncovers multiple new lithium targets in Canada
–News Direct–
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 companys 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
View source version on newsdirect.com: https://newsdirect.com/news/lightning-minerals-uncovers-multiple-new-lithium-targets-in-canada-780834811
Lightning Minerals Ltd
COMTEX_439321792/2655/2023-08-31T13:14:53
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