(NewsDirect)
Intra EnergyCorporation Ltd (ASX:IEC) MD Ben Dunn tells Proactive the company isset to kick off geological mapping and sampling at its new LlamaLithium Project in the highly prospective James Bay Lithium Districtin Quebec, Canada, after completing a $3.6 million capital raising.The company plans to use high-resolution aerial imagery and magneticsto define high-quality targets for diamond drilling later in theexploration campaign.
IEC has issued 720 million shares at a $0.005 per share withthe placement including a one-for-two free-attaching optionexercisable at A$0.015 and expiring 24 months from the issuedate.
The LlamaLithium Project comprises 123 wholly-owned mineral claims for 63square kilometres of outcropping pegmatites in a region that hosts anumber of other lithium deposits at various stages ofdevelopment.
There are no historicalrecords of geological exploration on Llama but DG Resource Managementpreviously identified the project as being prospective for lithiumafter reviewing the region's pegmatite occurrences withinfavourable host rocks.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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