The James Bay Region is a prime investment opportunity for lithium exploration and production hosting several known spodumene bearing pegmatite projects. Québec’s advantageous resource development sector, abundance of skilled labor and close proximity to thriving electric vehicle markets in North America and Europe make it an attractive destination for investment. Furthermore, the Canadian Government’s recently unveiled Critical Minerals Strategy seeks to establish Canada as the leading supplier of sustainably and responsibly sourced critical minerals, including lithium.
The Carmoy property (75.8km2) has primarily been interpreted to be underlain by Neoarchean biotite-muscovite granites and biotite-magnetite bearing granites and tonalites. The property contains a mapped pegmatite outcrop in the south and a prominent linear dyke structure interpreted visible from aerial photography.
The identified linear structures are north-west along strike and in the same orientation as the known spodumene bearing pegmatite dykes at the Corvette Property to the south-west. The dyke structures (easily seen in aerial photos) represent a prime target for immediate mapping and sampling and are interpreted to be prospective to host lithium mineralisation.
The Taiga property (16.3km2) is a promising exploration area situated just 15 km north of Patriot Battery Metals’ CV5 deposit. Mineralization on the CV trend coincides with the contact between the magnetic iron formation of the Guyer group and the tonalite formations. The Taiga project targets a similar interpreted contact between iron-rich Guyer formation and the overlying monzodiorite. This interpretation is supported by the subdued magnetic high located over the Taiga property.
The Mago North property (5.6km2 ) is located 25km west of Taiga and is underlain by Neoarchean tonalitic gneiss. The tonalitic gneiss is in contact with the Guyer group greenstones to the south of the claim block. One interesting feature of the project is the approximately 1.7-kilometer-long, unidentified northeast trending linear intrusive structure evident on the property.
Mapped pegmatite outcrop has been identified on the Mago North property
McCoy Lake, Ontario
The McCoy Lake project is an exciting exploration opportunity located in the Red Lake region of northwestern Ontario, Canada, covering a vast area of 70km2 . It is 100% owned by Hampden, with no existing royalties. The Project is situated approximately 75km east of the Frontier Lithium (TSX.V: FL) PAK and Spark deposits, which total 58.4 Mt @ 1.50% Li2O (Indicated and Inferred over two deposits) drill results in February 2022 include 322m @ 1.6% Li2O.
The McCoy Lake project targets an underexplored greenstone assemblage, situated near fertile granite systems that are bounded by an interpreted fault toward the northeast. While a number of northwest trending structures are visible within the southern extend of the mapped greenstones, no field observations have been made on site as the area is generally covered by vegetation.
The project is located remotely in northwestern Ontario however year-round access is available through float or ski-equipped aircraft from Red Lake, Ontario, which is approximately 180km away
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