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Coloured Ties Acquires 62 Claims in Cadillac-Pontiac Lithium Belt and Reports NAV at $0.96 per Share
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2022) - Coloured Ties Capital Inc. (TS...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"Coloured Ties Acquires 62 Claims in Cadillac-Pontiac Lithium Belt and Reports NAV at $0.96 per ShareVancouver, British Columbia--(Newsfile Corp. - July 25, 2022) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC PINK: APEOF) (FSE: 97A0) (\"Coloured Ties\" or the \"Company\") provides the following corporate update.62 LITHIUM CLAIMS ACQUIRED IN QUEBEC LITHIUM BELTColoured Ties reports that the Company has purchased 62 mineral claims, in the Cadillac-Pontiac region, about 50km southwest of Val-d'Or. The claims are immediately adjacent to claims currently held by Winsome Resources, a well-funded ASX listed Lithium exploration company and Vision Lithium, a TSX-V listed Lithium explorer. The Mazérac claims are accessible by a dense network of trails and other logging roads. The area also accessible through boat or seaplane within watershed of Decelles water reservoir, hosting the Rapid-7 hydroelectric dam of Decelles.The general area has recently attracted many lithium prospecting and exploration companies such as Brunswick Exploration V.BRW, High Tide Resources V.HITI, Medaro Mining C.MEDA, NeoTerrex Corporation (private company), Renforth Resources C.RFR, Sayona Mining ASX.SYA, Vision Lithium V.VLI, and Winsome Resources ASX:WR1.The Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. The latest discovery of high grade lithium prospects by Vision Lithium Inc, spurred several other exploration and drill programs within the Cadillac area. Since December 2021, approximately 4000 new claims have been registered in the greater Mazerac area and the Pontiac Subprovince region, south of Val-d'Or and Rouyn-Noranda.The claims have been acquired from prospectors, Mr Griesbach and Junita Asihto. Mr Griesbach is a Canadian-certified geologist with more than 40 years of mineral exploration experience across Canada, Africa, China, and Southeast Asia; Mr. Junita Asihto is a Quebec-based prospector with a strong understanding of the Mazérac region. The acquisition is subject to final TSX-V exchange approval. The Company will continue to monitor exploration activity of adjoining projects and develop an expanded exploration plan within the area. As per initial plan, Coloured Ties is compiling a detailed geological data of the area. The adjoining property is owned by Winsome R...