- Mosaic Minerals (MOC) acquires 10,864 hectares with 194 mining cells in Jamésie, Québec
- Named Lithium SM, this project was map staked after the geochemical database was analyzed
- The analysis was done by the Quebec Ministry of Energy and Natural Resources
- The project is accessible year-round by a forest road linking Quévillon to Matagami
- Mosaic Minerals (MOC) is a Canadian mining exploration company focusing on the exploration of strategic minerals in the province of Quebec
- Mosaic Minerals (MOC) is trading at C$0.08 as of 2:00 pm ET
Mosaic Minerals (MOC) acquires 10,864 hectares with 194 mining cells in Jamésie, Québec.
Named Lithium SM, this project was map staked after the geochemical database was analyzed. The analysis was done by the Quebec Ministry of Energy and Natural Resources. According to the data, this project is accessible year-round by a forest road linking Quévillon to Matagami.
Lithium SM contains several significant lithium values with pegmatites. The project also includes other strategic index values with whole or part lithium, copper, nickel and zinc.
Jonathan Hamel, CEO of Mosaic, says:
“Lithium SM offers good potential for strategic minerals. Ease of access, very little prospected in past years, located near an urban environment offering all mining facilities, presence of several lithium anomalies located in a potential pegmatite corridor more than 5 kilometres long, as well as several showings of strategic minerals revealing the presence of nickel, copper, zinc, and lithium associated with a corridor of high magnetic intensity more than 13 km long coupled with favourable geology.”
The Lithium SM property is intersected in its center by an EW fault as well as by a few faults trending ENE.
At the center of the project, a volcanic band runs east to west along a high-intensity magnetic anomaly. Several electromagnetic conductors are twinned with this volcanic horizon and this magnetic anomaly.
The lack of prospecting in the past offers interesting discovery potential. Following the development of several logging roads in recent decades, the Lithium SM project is currently very accessible.
The company intends to start with an aerial magnetic survey. Then move on to compilation work and 3D geophysical modelling with the company GoldSpot Discoveries. As the winter period is fast approaching, however, it will not be possible to begin a geological and prospecting survey until spring.
Lithium is a key player in the global decarbonization effort, as it is a key component of lithium-ion batteries as well as the next-generation lithium-iron-phosphate (LFP) batteries used to power electric vehicles (EV). As the green revolution gains momentum over the coming decades, the demand for lithium will also increase. This essential mineral is also widely used in other industrial applications, such as cell phones, laptops, glass, and ceramic production.
The U.S. government has expressed its desire to participate in the financing of viable projects in the strategic minerals sector in Canada to counter the growing influence of China in this critical sector for both consumer products and national security.
Mosaic Minerals (MOC) is a Canadian mining exploration company focusing on the exploration of strategic minerals in the province of Quebec.
Mosaic Minerals (MOC) is trading at C$0.08 as of 2:00 pm ET.