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Lithium One (TSXV:LONE) accelerates exploration at Sirmac East

Market News, Mining
TSXV:LONE
22 March 2023 07:20 (EDT)

Source: Lithium One Metals Inc.

Lithium One Metals (LONE) has identified high priority exploration locations on the Sirmac East Lithium Project.

The Sirmac East Lithium Project is located 170 km northwest of Chibougamau, Québec and is comprised of 12 mineral claims covering 6.5 km2.

The new data will enable the team to conduct an accelerated work program at the property, located near Vision Lithium’s Sirmac and Winsome Resources’ (OTCQB:WRSLF) Sirmac-Clapier projects.

Vision Lithium (TSX:VLI) recently reported a positive Preliminary Economic Assessment at the Sirmac deposit, with a pit constrained mineral resource comprising 192 Kt of measured resources at 1.38 per cent Li2O, 81 Kt of indicated resources at 1.39 per cent  Li2O and 49 Kt of inferred resources at 1.05 per cent Li2O.

Source: Lithium One Metals Inc.

In spring 2023, the company plans to launch a multi-phase exploration campaign, starting with ground prospecting, mapping, and pegmatite sampling, followed by drill testing the highest priority targets.

The project area features four lithologies: quartz-biotite-hornblende schists, amphibolitized flows and mafic sills, spodumene-bearing pegmatites and a syenite pluton measuring 6 km in diameter.

Lithium One Metals (LONE) is a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Quebec.

Lithium One Metals Inc. (LONE) opened trading at $0.45 per share.

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