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K9 Gold Signs Agreement to Add 3300 Ha to the JB Lithium Project, N. Quebec.
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - K9 Gold Corp. (TSXV: KNC) (FSE: 5...
About this update from Americore Resources Corp
[{"type":"text","content":"K9 Gold Signs Agreement to Add 3300 Ha to the JB Lithium Project, N. Quebec.Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTCQB: WDFCF) (\"K9\" or the \"Company\") is pleased to announce that it has entered into a definitive share exchange agreement (the \"Agreement\") to acquire 1415322 B.C. LTD. (\"141 BC\") from the shareholders of 141 BC in exchange for an aggregate of 3,000,000 common shares (the \"Company Shares\") in the capital of the Company issued to the shareholders on a pro-rata basis (the \"Transaction\"). On closing of the Transaction, the Company will add 64 claims (3304 Ha) to its JB lithium project in the James Bay region of northern Quebec. This will bring the total project holdings to 5418 Ha in 105 claims. An aggressive summer exploration is now planned and is fully funded.The Lac Joubert-Tilly (LJ-T) property (the \"Property\") is located approximately 60 km due east of the previously announced Rivière Salomon (RS) property on the JB Li Project. The LJ-T property is located approximately 400 km east-southeast of Radisson, Quebec, and is immediately adjacent to Winsome Resources recently announced Tilly Project (Winsome company release April 19, 2023). 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 40 km to the west. The LJ-T property is underlain by a package of Archaean rocks that is similar to the geological setting of the Corvette and Adina projects, and includes outcrops of Tilly pegmatites, a known host of lithium in the James Bay region.About JB Lithium ProjectThe JB Lithium Project is located in the La Grande sub-province of the Archaean Superior Province in Quebec, and comprises two units, the Rivière Salomon property (see Company release November 15, 2022 for property details) and the newly acquired Lac Joubert - Tilly property.Lac Joubert-Tilly (LJ-T) propertyThe LJ-T property is underlain mainly by the Archean Joubert Suite and the Salomon River formation. Where the Joubert Suite occurs on the property, it consists of a package of foliated, banded or gneissic biotite-tonalite and granodiorite. The Salomon River formation in...