Business
Yorkton Ventures Acquires the Cyr-Kapiwak Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2021) -  Yorkton Ventures Inc....
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[{"type":"text","content":"Yorkton Ventures Acquires the Cyr-Kapiwak Lithium ProjectVancouver, British Columbia--(Newsfile Corp. - December 9, 2021) -  Yorkton Ventures Inc. (TSXV: YVI) (the \"Company\") is pleased to announce that it has acquired a group of three non-contiguous lithium properties, Key Lithium, Amisk West Lithium, and Amisk East Lithium, known together as the Cyr-Kapiwak Project, in the James Bay area of Quebec. The Cyr-Kapiwak Project is located roughly 100 km east of the town of Eastmain and 170 km south of the town of Radisson and is accessible via the James Bay Road that connects the towns of Matagami and Radisson, and by Highway 109 that links to Val d'Or to the south. The James Bay Road passes through the Key Lithium Property, 4 km west of the Amisk East Property, and 500 meters south of the Amisk West Property. The Cyr-Kapiwak Lithium Project consists of 42 mineral claims with a total area of 2,220 hectares (22.20 km2) located on NTS map sheet 33C03. The Key Lithium Property is contiguous with Galaxy Lithium Inc.'s James Bay Lithium Mine Property and is located less than 3 km from the James Bay Lithium Mine Project (planned mine) itself. Galaxy Lithium (Canada) Inc. is a wholly owned subsidiary of Australian-listed Galaxy Resources which recently changed its name to Allkem Ltd. (AKE:ASX). The Amisk West and Amisk East Lithium properties are located several kilometres south of the Key Lithium Property and are both contiguous with Medaro Mining Corp's (CSE: MEDA) Cyr South Lithium Property. The Amisk properties encompass large tracts of pegmatite-bearing granites that remain largely unexplored. The Cyr-Kapiwak Project area is considered highly prospective for lithium hosted in spodumene-bearing pegmatites, with several historic occurrences mapped in the region. The Key Property contains three unique locations along a 1.5 km east-west structural geological trend where lithium-bearing boulders have been recorded. The timeline of historic exploration activities around the area of the new Key Property, and the lack of bedrock exposures, are crucial to recognizing the discovery potential of Yorkton's new Key Lithium Property. The boulders were discovered by Rock Teck Resources Inc. and described by Sylvain Desbiens (geologist) in a 2009 report (GM65863) titled \"Property visit, Kapiwak property\". The report describes the discovery a...