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K9 Gold Commences Field Work on JB Lithium Project, N. Quebec
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2023) - K9 Gold Corp. (TSXV: KNC) (...
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[{"type":"text","content":"K9 Gold Commences Field Work on JB Lithium Project, N. QuebecVancouver, British Columbia--(Newsfile Corp. - March 7, 2023) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTCQB: WDFCF) (\"K9\" or the \"Company\") is pleased to announce that field work has now commenced on its JB Lithium project, located in the James Bay region of northern Quebec. MPX Geophysics Ltd of Newmarket, ON has been contracted to fly a fixed-wing magnetometer and VLF survey. This will provide K9 with a solid technical base to develop an expected extensive summer field program. The program is fully funded.The property comprises 41 mining claims, totaling 2114 hectares. The property is located approximately 350 km south-southeast of Radisson, Quebec. Other projects in the area include Allkem's James Bay lithium project, which recently received federal approval for development, Patriot Battery Metals Corvette project located 50 km to the west and Winsome Resources Lithium Adina project located approximately 5 km to the east. The JB property is underlain by a package of Archaean rocks that is similar to the geological setting of the Corvette and Adina projects.Adjacent Properties On January 18, 2023, Patriot Battery Metals announced drill results from its Corvette project, including an intersection of 156.9 meters averaging 2.12% Li2O. Patriot further reported that it has now extended the CV5 Pegmatite over a strike length of at least 2200 m.At Winsome Resources' Adina project, initial drill results include 107.6 meters averaging 1.34% Li2O and 52.1 meters averaging 0.70% Li2O in drillhole AD-22-005 (Winsome Resources release January 6, 2023). Allkem Ltd (formerly Galaxy Lithium) released the results of a feasibility and maiden mineral resource estimate for its James Bay Lithium project in a company release dated December 21, 2021. The company reported an Indicated Mineral Resource of 40.3 million tonnes at an average grade of 1.40% Li2O. On January 16, 2023, the Federal Ministry of Environment and Climate Change announced approval for the development of the mining project.About JB Lithium ProjectThe JB Lithium Project is located in the La Grande sub-province of the Archaean Superior Province in Quebec. The Trieste Formation, which hosts lithium mineralization on the adjacent Adina property, transects the James Bay project area. Within the property boundaries, ...