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Vital Battery Metals Increases Land Position to 123 km² at the Sting Copper Project in Western Newfoundland
VANCOUVER, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM) (OTCQB: VBAMF) (FSE: C0O), is pl
About this update from Aventis Energy Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM) (OTCQB: VBAMF) (FSE: C0O), is pleased to announce that the Company has entered into an option agreement (the “Agreement”) to acquire a 100% interest in additional mineral tenure at the Sting Copper Project (“Sting” or the “Project”) located 14 km south of the town of Trout River in the province of Newfoundland. The additional acquired mineral tenure (the “New Tenure”) consists of three mineral licences that cumulatively encompass a land area of approximately 87 km². Recently, the Company reported multiple assay results of grab samples at its Sting Copper Project including up to 17.0% Cu and 4.1g/t gold. The Company believes these results adequately confirmed the historically reported copper mineralization at the Jumbo Lode Prospect and validates the prospectivity for adjacent mineralized zones. With this, the Company intends on moving forward with more extensive exploration programs throughout the Project. Acquisition Highlights After earning-in under the Agreement, Vital will have a commanding 123 km² land package, making the Company the largest mineral tenure holder in the York Harbour District (Figure 1). The New Tenure covers an unexplored regional fault structure that is outlined by a magnetic high and located west of the Gregory River Fault Zone (Figure 2). Together with the New Tenure, the Project area now hosts over 40 base and precious metal occurrences that have undergone limited exploration work along a 50 km corridor known for hosting significant Volcanogenic Massive Sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings, mines and projects. Vital believes that the York Harbour area has lacked detailed exploration since the past exploration campaigns of the early to mid 1900’s and believes that the abundance of mineral occurrences in the area is vastly underestimated. Peers in the region have shown significant high-grade drill intercepts of copper and zinc in similar geological formations to those present on the Project, including the New Tenure. Vital is currently formulating a detailed exploration program to further explore the historical mineral occurrences on the Property and generate additional targets in areas that have seen no documented exploration. Adria...