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Coloured Ties Forms Quebec Pegmatite Corporation to Advance Its Lithium Portfolio in Cadillac-Pontiac Lithium Belt
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2022) - Coloured Ties Capital Inc...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"Coloured Ties Forms Quebec Pegmatite Corporation to Advance Its Lithium Portfolio in Cadillac-Pontiac Lithium BeltVancouver, British Columbia--(Newsfile Corp. - September 15, 2022) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) (\"Coloured Ties\" or the \"Company\") provides the following corporate update.QUEBEC PEGMATITE CORPORATION FORMEDColoured Ties has established Quebec Pegmatite Corporation, a Quebec incorporated corporation to hold and develop and potentially spin out shares in Quebec Pegmatite Corporation to current Coloured Ties shareholders subject to market conditions and regulatory authority approvals. The Company is accepting expressions of interest from parties interested in pursuing potential partnership to advance Quebec Pegmatite Corporation assets. There is no guarantee Quebec Pegmatite Corporation will be advanced to spin out stage.SUMMARY OF QUEBEC LITHIUM PORTFOLIOOn July 25, 2022, Coloured Ties reported 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, MedaroMining, NeoTerrex Corporation (private company), Renforth Resources, Sayona Mining, Vision Lithium, and Winsome Resources.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 Sub province 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...