Business
Vital Battery Metals Solidifies Battery Metals Portfolio with Acquisition of Schofield Lithium Project
The Schofield Lithium Project is adjacent to Brunswick Exploration’s Lowther Pegmatite Project With 17 pegmatite outcrops mapped on the Project and preferred ge
About this update from Aventis Energy Inc
[{"type":"text","content":" The Schofield Lithium Project is adjacent to Brunswick Exploration’s Lowther Pegmatite Project With 17 pegmatite outcrops mapped on the Project and preferred geological environment, the Schofield Lithium Project shows potential for LCT-type mineralization Highlights: Adjacent to Brunswick Exploration’s Hearst Lithium Project Brunswick Exploration’s Hearst package has shown 5.15% Li2O in historical chip samples (see Brunswick Exploration Inc. news release dated October 3, 2022). There are 17 mapped pegmatite outcrops on the Project which have not been thoroughly tested for LCT mineralization. The Project is located 15km north of the Quetico-Wawa subprovince terrane boundary. These deep-seated regional structures have been recognized to play a role in LCT pegmatite mineralization. Located within the Quetico subprovince and contains a variety of evolved S-type granitoids and pegmatites hosted by metamorphosed sediments (paragneisses) and metavolcanics. VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM |OTC: VBAMF | FRA: C0O), is pleased to announce it has entered the Lithium market by acquiring, for the cost of staking, the Schofield Lithium Project (“Schofield” or the “Project”). The Project consists of 416 single-cell mining claims covering approximately 8,824 hectares and is located approximately 60km south of Hearst, Ontario. The Project is easily accessible by logging road networks and is directly south of the Brunswick Exploration’s Hurst Lithium project. The Project was staked based on preferred geological environments and historical mapping of pegmatite outcrops. Adrian Lamoureux, Chief Executive Officer and President of Vital, commented “Our management team has a strong history in the lithium sector, evident in our work with Patriot Battery Metals and its acquisition of the Corvette property. We strongly believe the Northern Ontario Region is underexplored and this Project acquisition brings a low-risk opportunity to drive value to the Company. With our Schofield Lithium Project in Ontario Canada, our Sting Copper Project in Newfoundland, Canada and our Vent Copper-Gold project in British Columbia, we believe we are building a portfolio of strong properties that will continue to deliver shareholder value. We will continue to build a robust...