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Major multiphase work program slated for these Ontario and Québec Lithium projects

Market News, Mining
TSXV:LONE
07 June 2023 09:00 (EDT)

Source: Lithium One Metals Inc.

Lithium One Metals (TSXV:LONE) detailed a multiphase work program planned to begin immediately in Ontario and Québec.

The company has acquired a dominant land package in both lithium districts and plans to advance the projects quickly through grassroots exploration to drill ready targets. Each project is near an existing discovery.

Phase 1 aims to cover all 12 lithium project areas within a 12-week timeframe with mapping, prospecting, and channel sampling of the pegmatites across 450 sq. km. of property. Handheld Laser Induced Breakdown Spectroscopy (LIBS) will be used for infield lithium analysis. Phase 2 of the program will consist of outcrop stripping and drilling. Outcrop detection analysis has already been completed at the lithium properties using satellite imagery and high-resolution elevation modeling.

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 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.

Because of the current forest fire conditions in Québec, the company intends to adapt its operations as necessary.

Lithium One Metals (LONE) is a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Québec. The company recently appointed Nav Dhaliwal as its new President, Chief Executive Officer, and Director. Click here to read more.

Lithium One Metals Inc. (LONE) opened trading at $0.37 per share.

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.


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