by –News Direct–
Lightning Minerals Ltd (ASX:L1M) MD Alex Biggs tells Proactive the company has completed its initial exploration program at its Dalmas and Hiver projects in the James Bay region of Quebec, Canada, confirming historical reports of outcropping pegmatitic lithologies at both project areas. Following the execution of a binding agreement to acquire the Dalmas and Hiver projects, the company has quickly completed its first reconnaissance phase exploration, taking multiple samples for analysis, ahead of the Canadian winter.
Biggs said: Confirmation of pegmatite lithologies at both Dalmas and Hiver is a positive indicator for our future exploration in Canada. It is important that the company has taken its first step quickly and effectively by confirming the target areas that have been previously identified.
We know the James Bay region is prolific as a lithium district and initial indications at Dalmas and Hiver suggest that potential for lithium-caesium-tantalum (LCT) mineralisation exists.
Our next step will be to evaluate existing geophysical surveys that may define geological trends of sub-cropping pegmatite structures across both projects. The company continues to employ a diligent and structured approach to its exploration across all its projects with a view to defining drill targets for potential discovery.
"Having projects in two of the most prospective lithium regions globally significantly increases our chances of that. We look forward to keeping you updated on our progress.
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-confirms-multiple-pegmatites-in-quebec-953747637
Lightning Minerals Ltd
COMTEX_443046695/2655/2023-11-06T14:14:29
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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