The Property is 100%-owned by the Company and is located 45 kilometres northwest of the town of
The 2023 field reconnaissance program was designed to evaluate the potential for LCT (Lithium-Cesium-Tantalum)-bearing pegmatites, copper, and molybdenum porphyry system on the Property. Prospecting on the Property was conducted
Prospective locations for the rock sampling were selected based on the topographic relief and previously mapped outcrops of the surrounding granitic rocks (ARIS 37548 and 39546). The Property is accessible by a well-maintained forest service road. The Project geologist collected both grab and chip samples along the access trails which cover the entire Property.
Geological Summary
The field reconnaissance program was successful at defining granitic-pegmatite lithologies and other potentials which possess the following key characteristics: Coarse mineral grain size with visible pegmatitic textures (graphic mineral intergrowths, exsolution laminae in felspars.
Encouraging the presence of other phases indicative of a fertile melt (biotite, muscovite, and possible tourmaline).
Elevated concentrations of pathfinder elements associated with the presence of LCT pegmatite (tantalum (Ta), niobium (Nb) and rubidium (Rb) are present in the XRF measurements).
Potential copper and molybdenum porphyry system.
Occurrence of the massive sulphide samples.
Next Phase Exploration Plan
Ten out of twenty-eight rock samples have been sent to
An expanded surface geochemical sampling program (soil, rock, and potentially stream sediments). The soil sampling program will be especially valuable in areas of the Project with limited bedrock exposures.
Geological mapping, finding more pegmatite veins and pegmatitic rock exposures to determine the grade of lithium and rare earth elements.
Backpack drilling aimed at intersecting the LCT pegmatite. Check the grades of lithium and rare earth elements in the LCT pegmatite.
Quality Assurance, Quality Control
Lithium standard samples (CDN-Li-1) and blanks (CDN-BL-10) were systematically inserted into each batch of samples at regular intervals. The standard samples were purchased from
About
The Fontaine Gold and Quesnel Nickel properties cover an area exceeding 200 square kilometres and straddle a 32-kilometre length of the Barkerville and Quesnel Terranes. They are contiguous to
Contact:
Tel: 780-993-2193
Forward-Looking Information
This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as 'anticipates', 'expects', 'believes', 'estimates', 'could', 'intends', 'may', 'plans', 'predicts', 'projects', 'will', 'would' and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.
In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.
The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in
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