- MLK Gold (MLK) has added a second lithium asset to its growing portfolio of properties
- The new mineral licence consists of 100 mineral claims having highly prospective potential for critical metal mineralization
- The company plans to complete a full assessment of these claims starting in Q2 2023
- MLK Gold Ltd. (MLK) is currently trading at $0.03 per share
MLK Gold (MLK) has added a second lithium asset to its growing portfolio of properties.
This property is located approximately 18 kilometres due east of the high-grade Kraken lithium and cesium discoveries made by the Benton Resources-Sokoman Mineral Alliance. The new mineral licence consists of 100 mineral claims having highly prospective potential for critical metal mineralization.
The company plans to complete a full assessment of these claims starting in Q2 2023.
The company’s President and CEO, Paul Smith (P. Geo.), stated that only three previous exploration companies have carried out historical work in the area, apparently for uranium, but no reports were filed with the government.
“Based on preliminary examination of the Burgeo granite elsewhere to the south, the company believes there is significant potential for critical metal-bearing pegmatite development in this region.”
He also noted that previous government and academic research indicated that although pegmatite dikes have been found, based on the team’s preliminary field examination, their abundance has been dramatically understated. In addition, the company also knows that numerous quartz-tourmaline±pyrite veins resembling Marathon Gold’s Valentine Lake deposit located 50 kilometres to the north have not been thoroughly prospected or mapped.
MLK Gold’s Chairman of the Board, William Fleming, added that this marks another advance in the company’s strategy to enhance its critical minerals portfolio, and where better to do this than on the front step of Newfoundland’s first significant discovery of high-grade lithium and cesium mineralization made by the Benton-Sokoman Alliance.
The company is also continuing exploration at its flagship Caledonia Brook property, where it intends to follow up on the anomalous rock, soil, and glacial till sampling during earlier programs. This work is expected to commence in June and be completed by end of August 2023.
MLK Gold Ltd. is a Canadian precious and critical metal exploration company offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential.
MLK Gold Ltd. (MLK) is currently trading at $0.03 per share.