- Eureka Lithium (CSE:ERKA), a Canadian lithium stock, has discovered favorable targets during a first-pass field program at its Raglan West Project in Quebec
- Assays from 24 pegmatite units and samples from elevated lake bottom lithium and cesium will guide an expanded program over the next few weeks
- Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec
- Eureka Lithium (CSE:ERKA) last traded at $1.02 per share. The stock is up by 920 per cent year to date
Eureka Lithium (CSE:ERKA), a Canadian lithium stock, has discovered favorable targets during a first-pass field program at its Raglan West Project in Quebec.
The company and its exploration partner, Ground Truth Exploration, collected 61 rock samples that have been submitted for assaying. The samples focused on 24 pegmatite units notable for their high presence of metamorphosed supracrustal rocks, providing a prospective geological setting for LCT (lithium-cesium-tantalum) pegmatite systems.
The company also sampled Raglan’s lake bottom sediment values from the Quebec government database, where the project’s lithium and cesium values rank in the 99th percentile.
Raglan West covers 443 square kilometres and has never been systematically explored for lithium. An expanded program, including potential drilling, is scheduled over the coming weeks.
“Our crews are efficiently covering a lot of ground very quickly in this first-pass program with follow-up to come,” Jeffrey Wilson, Eureka’s president and CEO, said in a statement. “We’re very encouraged by the early indications of a number of pegmatites in supracrustal rocks and we look forward to more updates during the second half of August as work on the ground continues and more results become available.”
Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec. Its holdings encompass 1,408 square kilometres across the emerging Raglan West, Raglan South and New Leaf lithium camps, all of which were acquired from legendary prospector Shawn Ryan.
Eureka Lithium (CSE:ERKA) last traded at $1.02 per share. The stock is up by 920 per cent year to date.
Join the discussion: Find out what everybody’s saying about this stock on the Eureka Lithium Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
