CANADA LITHIUM PROJECT
Mclaughlin Lake Lithium
- NMR to acquire 51% of the highly prospective McLaughlin Lake Lithium Project (MEL 1028A) located in the Oxford Lake region of Manitoba Canada.
- Previous work in MEL 1028A has mapped a 400m long outcropping pegmatite dyke with a width of up to 2.2m wide. [1]
- A 1.5m long channel sample from across the dyke assayed 1.32% Li2O. [1]
- Grab sampling of a 2nd dyke returned assays of 98% & 2.87% Li2O. [1]
- MEL 1028A encompasses 19,321 Ha in area and is approximately 30 km in length and up to 7.5 km in width and straddles the east-west contact between the Bayly Lake gneiss and the Oxford Lake belt.
- Numerous pegmatite dyke outcrops have been mapped.
- Exploration to commence immediately upon completion of transaction.
- NMR can acquire up to 75% of Mineral Exploration License (MEL 1028A) after meeting certain milestones.
- The Oxford Lake belt is a highly prospective, yet largely underexplored greenstone belt, adjacent to the Bayly Lake plutonic complex.
- Geologically, the McLaughlin Lake Project is located in the Superior Province of the Canadian Shield, which is host to a number of significant lithium resources.
