- Medaro Mining (MEDA) identifies lithium exploration targets from soil sampling program at Superb Lake
- The results show a trend of lithium anomalies along Superb Lake pegmatites in a roughly northwest-southeast direction
- The other two lithium anomalies are located to the north (109 ppm and 311 ppm over two lines) and south of the main lithium trend
- Medaro Mining is a lithium exploration company based in Vancouver, BC. and holds options over the Superb Lake lithium property located in Thunder Bay, Ontario
- Medaro Mining Corp. (MEDA) is down 2.78 per cent, trading at C$0.70 at 11:28 am ET
Medaro Mining (MEDA) has received results of soil sampling from their Phase 1 exploration fieldwork program on its Superb Lake Lithium Property.
The property is located in Northwestern Ontario.
The results show a trend of lithium anomalies along Superb Lake pegmatites in a roughly northwest-southeast direction, and two other anomalies to the north and south of the main trend.
The previous results of four samples taken in 2020 from the spodumene-rich part of the Superb Lake pegmatite indicated lithium oxide (Li2O) values in the range of 1.77 per cent to 4.03 per cent and results of channel sampling in 2021 assayed 1.15 per cent Li2O over 5.8 m.
The Superb Lake pegmatite is known principally for its spodumene-bearing lithium mineralization.
The 2021 exploration work comprised soil and rock channel sampling and geological mapping, which was aimed at defining the extension of lithium mineralization along the strike of the known pegmatite as well as finding new target areas for further exploration.
The interpretation of soil sampling results shows a main northwest-southeast trending soil anomaly in the extension of the Superb Lake lithium pegmatite with lithium values in the range of fewer than 10 parts per million (ppm) to 310 ppm over a strike length of 1250 m.
The other two lithium anomalies are located to the north (109 ppm and 311 ppm over two lines) and south of the main lithium trend.
These anomalies show potential for the discovery of more pegmatites in the area through further soil sampling, trenching, and sampling programs.
The Property consists of 8 mining claims totalling approximately 2,378 hectares of land in the O’ Sullivan Lake / Maun Lake Area, Thunder Bay Mining District of Northwestern Ontario, Canada.
It is located about 375 kilometers to northeast of Thunder Bay.
The nearest town to the property is Nakina situated 45 km to the south of the Property. Geologically, the Property is situated in the eastern part of Wabigoon Subprovince of the Superior Geological Province.
Superb Lake area has had historical exploration work carried out since the 1950s with the discovery of lithium along the shores of Superb Lake.
The Superb Lake pegmatite has a minimum exposed strike length of 16 m, and its width varies from 2.5 m at the shoreline to a maximum of 3.7 m where an old blast pit was excavated.
The results of four samples taken in 2020 from the spodumene-rich part indicate lithium oxide (Li2O) values in the range of 1.77 per cent to 4.03 per cent.
Medaro Mining is a lithium exploration company based in Vancouver, BC., and holds options over the Superb Lake lithium property located in Thunder Bay, Ontario, the CYR South lithium property located in James Bay, Québec, and the Yuchison Uranium Property in Northern Saskatchewan.
Medaro is a party to a joint venture agreement that engages the company in the development and commercialization of a new process to extract lithium from spodumene concentrate, that aims to reduce environmental impact and cost to produce while increasing yields.
Medaro Mining Corp. (MEDA) is down 2.78 per cent, trading at C$0.70 at 11:28 am ET.