Business
Coloured Ties Capital Provides Lithium Portfolio Update and Substantial Issuer Bid Tender Deadline Update
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2023) -  Coloured Ties Capital In...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"Coloured Ties Capital Provides Lithium Portfolio Update and Substantial Issuer Bid Tender Deadline UpdateVancouver, British Columbia--(Newsfile Corp. - January 10, 2023) -  Coloured Ties Capital Inc. (TSXV: TIE) (\"CTI\" or the \"Company\") is pleased to provide the following update on the Company's lithium portfolio.Quebec Pegmatite Corporation Holds Corvette Lithium District and Mazerac Lithium District Claims in QuebecQuebec Pegmatite Corporation (\"QPC\"), a subsidiary of the Company, currently holds Quebec MERN mineral claims prospective for lithium in Quebec at their Vieux Comptoir Lithium Project and the Mazerac Lithium Project.Vieux Comptoir Lithium Project is located between the Corvette Property of Patriot Battery Metal Inc. (\"Patriot Battery\") and the Adina Project of Winsome Resources Ltd. (\"Winsome Resources\"). The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective James Bay region. The Vieux Comptoir Lithium Project is adjacent to established lithium pegmatite occurrences and active successful projects:Approximately 45 km east of Patriot Battery's Corvette Property where numerous Spodumene bearing pegmatites have been discovered, and recent drilling includes intersections up to 1.25% Li2O and 194 ppm Ta2O5 over 58.1 m. (https://patriotbatterymetals.com/portfolio/corvette/); andApproximately 45 km west of Winsome Resources's Adina Project where early-stage explorations have identified outcropping pegmatites across the property returned results up to 4.89% Li2O. (https://winsomeresources.com.au/investors-asx-releases/).The Vieux Comptoir Lithium Project is located approximately 35 km from the nearest road and airstrip with property access by float plane or helicopter. Corvette Property - Patriot Battery (TSXV: PMET) Patriot Battery's Corvette Property is reported to be a large lithium discovery in James Bay region of Quebec.On December 13, 2022, Patriot Battery reported an update on their Corvette Lithium Project:Patriot Battery Metals Inc. (the \"Company\" or \"Patriot\") (TSXV: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce core assay results for twelve (12) additional drill holes (CV22-046, 055, and 057 through 066) from its 2022 drill campaign at its wholly owned Corvette Property (the \"Property\"),...