- Xplore Resources Corp. (XPLR) has announced that it has contracted Prospectair Geosurveys Inc. to complete a heliborne magnetic survey of the Surge lithium property
- The site is in the Patricia Mining District, Ontario, Canada, approximately 150 km east of Red Lake, Ontario
- Surge is located 12 km east of the Root Lake pegmatite group which includes the McCombe lithium deposit
- Xplore Resources is a mining exploration company focused on the acquisition and development of mineral projects in the Americas
- The share price of Xplore Resources Corp. remained unchanged at $0.045 by 11:12 AM ET.
Xplore Resources Corp. (XPLR) has announced that it has contracted Prospectair Geosurveys Inc. to complete a magnetic survey of the Surge Property.
The site is in the Patricia Mining District, approximately 150 km east of Red Lake, Ontario.
“We were fortunate to be able to join a consortium of lithium focused exploration companies who have aggressively acquired claims in the region, largely due to the discovery potential for lithium bearing pegmatites associated with the Allison Lake batholith and Root Lake pegmatite group,” said Wes Hanson, P.Geo., President and CEO of Xplore Resources.
“Participating in this consortium not only reduces the overall costs of the survey for all participants, but more importantly, it will generate preliminary results by mid-May, allowing us the opportunity to prioritize areas of interest for field follow up and sampling during the coming field season,” he added.
Surge is located 12 km east of the Root Lake pegmatite group which includes the McCombe lithium deposit, (a historic mineral resource of 2.3 million tons @ 1.3% Li20 as per Mulligan R., Geological Survey of Canada, 1965).
The southeast trending tail of the Allison Lake batholith trends into the PLSJ and a series of peraluminous granitic intrusions, including the one dominating the center of the Surge claims, outcrop along this E-W trend.
Xplore Resources is a mining exploration company focused on the acquisition and development of mineral projects in the Americas.
The share price of Xplore Resources Corp. remained unchanged at $0.045 by 11:12 AM ET.
