2023-04-05 09:54:21 ET
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New Age Metals ( TSXV: NAM:CA ) ( OTCQB:NMTLF ) said Wednesday it has acquired 19,321 hectares of mineral exploration license (MEL) area at McLaughlin Lake, Manitoba.
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The MEL covers about 30 kms strike length of the Stull-Wunnummin Fault structure.
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The property hosts spodumene-bearing pegmatites with historical assay values up to 2.87% Li2O1 and numerous prospective LCT-style pegmatites.
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The newly acquired property is located in Northern Manitoba’s Oxford Lake - Knee Lake Greenstone belt, which is largely underexplored for LCT pegmatites.
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All the claims are held by Lithium Canada Development, a 100% owned Lithium Division of New Age Metals.
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The company said it is looking to find a strategic partner to advance the project to a drill ready stage.
For further details see:
New Age Metals buys over 19k hectares of lithium property in Manitoba