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Beyond Minerals Announces Expansion of Mckenzie Bay, Wapesi Lake and Wapesi North Properties
Winnipeg, Manitoba--(Newsfile Corp. - April 18, 2023) - Beyond Minerals Inc. (CSE:BY) (OTCQB: BYD...
About this update from Beyond Minerals Inc
[{"type":"text","content":"Beyond Minerals Announces Expansion of Mckenzie Bay, Wapesi Lake and Wapesi North PropertiesWinnipeg, Manitoba--(Newsfile Corp. - April 18, 2023) - Beyond Minerals Inc. (CSE:BY) (OTCQB: BYDMF) (the \"Company\" or \"Beyond Minerals\") is pleased to announce that the Company has expanded the McKenzie Bay, Wapesi Lake and Wapesi North properties by low-cost map staking. Highlights of the expansion announced today by the Company in the Wapesi Lake area in Ontario include:The new claims cover 227 provincial grid cells and add 5,169 additional hectares The McKenzie Bay (6,186 hectares), Wapesi Lake (944 hectares) and Wapesi North (1,864 hectares) properties are now connected to form one contiguous property covering 14,163 hectaresThe expansion covers important interpreted geological trends (granite and pegmatite fractionation trends) and possible structural controls on these interpreted trends (Wapesi Lake Fault)\"With a 14,163-hectare land position, Beyond is now the largest player in the Wapesi Lake area. This area has recently seen increased interest by resource exploration companies, including Collective Metals Inc. and Cashbox Ventures making significant acquisitions to the west of our property,\" said Allan Frame, President and CEO of Beyond. \"This type of activity, which we are seeing in other parts of Ontario as well, seem to support our decision to focus on Ontario. This province is quickly emerging as a reliable global supplier of responsibly sourced critical minerals.\"\"World-class deposits of high purity, low-iron spodumene are currently being discovered and advancing toward production. We are confident more of these deposits remain to be discovered here. While other jurisdictions such as Quebec have seen success from a geological standpoint, we feel the economics of transactions being done in Ontario are more compelling and conducive to creating shareholder value.\"Mr. Frame concluded: \"It is also important to note that this expansion of our footprint in the Wapesi Lake area is consistent with our corporate strategy of acquiring properties for which significant amount of geological information is available, as demonstrated by the information contained in this press release.\" Figure 1 - McKenzie Bay Property Tenure Map To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/f...