• Dienstag, 23 April 2024
  • 10:00 Uhr Frankfurt
  • 09:00 Uhr London
  • 04:00 Uhr New York
  • 04:00 Uhr Toronto
  • 01:00 Uhr Vancouver
  • 18:00 Uhr Sydney

Medaro Mining Commences Work Program on Superb Lake Lithium Property

22.07.2021  |  Accesswire

VANCOUVER, July 22, 2021 - Medaro Mining Corp. (CSE:MEDA) ("Medaro" or the "Company") is pleased to announce the commencement of its Phase 1 exploration work program (the "Program") on its Superb Lake Lithium Property (the "Property") located in Northwestern Ontario, Canada. The Company expects fieldwork to be completed by mid to late October 2021.

The Property consists of 8 mining claims totalling approximately 2,187 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 the northeast of Thunder Bay. The nearest town to the property is Nakina situated 45 km to the south of the Property.

The Program
The Program will take place in two stages across two exploration work areas (see map below). The first stage will include ground magnetic / VLF survey and soil geochemistry work in the areas adjacent to the pegmatites found and associated granitic intrusions along the strike. The second stage will consist of trenching and channel sampling work along the strike extension of the Superb Lake pegmatites.

Work Area 1
This area represents historical Superb Lake lithium occurrences where previous work indicated lithium values in the range of 1.77 to 4.03% lithium oxide (Li2O). In addition to the Company's planned prospecting, sampling and geophysical survey work in this area, the area will be a main target of follow up trenching, channel sampling and diamond drilling work.

Work Area 2
This area is in the western strike extension of the known pegmatite with similar geological setting, being located within a close distance of the granitic intrusion in the basement rocks. This area will be the secondary target for exploration, with work to include prospecting, sampling (rock and soil), and ground geophysical surveying.

Schedule
The soil and rock sampling and ground geophysical survey work will commence right away with the channel sampling and drilling component to commence by late August or early September 2021 depending upon permitting. Fieldwork is expected to be completed by mid to late October 2021.

Qualified Person
Afzaal Pirzada, P.Geo., a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

On Behalf of the Board of Directors
Hugh Maddin
Chief Executive Officer & Director

About the Company
The Company is a lithium exploration company based in Vancouver, BC. and holds options over the Superb Lake lithium property located in Thunder Bay, Ontario and the CYR South lithium property located in James Bay, Quebec.

For more information, investors should review the Company's filings that are available at www.sedar.com.

Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Program's composition and the timing thereof are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contact Information
info@medaromining.com
604-602-0001

SOURCE: Medaro Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/656605/Medaro-Mining-Commences-Work-Program-on-Superb-Lake-Lithium-Property


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Medaro Mining Corp.
Bergbau
A3CMG7
CA58404N1096

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.