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Cullinan Metals Options Smiley Lithium Property, Thunder Bay, ON
VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Cullinan Metals Corp. (CSE: CMT), (OTC: CMTNF), (FWB: 7KO) ("Cullinan" or the “Company) is please
About this update from Cullinan Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Cullinan Metals Corp. (CSE: CMT), (OTC: CMTNF), (FWB: 7KO) (\"Cullinan\" or the “Company) is pleased to announce that it has entered into an option agreement (the “Agreement”) to acquire a 100% interest in the Smiley Lithium Property (the “Property”) located 55 km north of Thunder Bay, Ontario (Figure 1). The Property consists of 5 mineral claims in one contiguous block covering approximately 1,902 hectares. Provincial highway 527 transects the Property with excellent secondary road access with Thunder Bay providing excellent rail and port facilities. Figure 1. Regional location of the Smiley Lithium Property. Commentary Marc Enright-Morin, CEO, states, “We are excited to be entering the lithium space in northwestern Ontario where the exploration and advancement of several lithium deposits are occurring at a rapid pace. Northwestern Ontario is receiving a lot of attention for its lithium potential from companies around the world providing a low-risk mining friendly jurisdiction with accessible infrastructure and government support. As the world gets closer to zero-carbon emission mandates, lithium remains a key mineral in the electric vehicle (EV) and battery mineral needs. We look forward to the results of our upcoming exploration efforts.” Northwestern Ontario Lithium The Smiley Lithium Property is located in northwestern Ontario where several lithium deposits and occurrences are at different stages of exploration and development (Figure 2). Avalon Advanced Materials (TSX:AVL) is preparing to install a dense media separation (DMS) plant at its Separation Rapids Lithium Deposit north of Kenora, Ontario and continues progress towards acquisition of an industrial site in Thunder Bay for a lithium battery minerals refinery (press release dated August 17, 2022). Green Metals Technology (ASX:GT1) announced a 24,000 m drilling program at their Root Lithium Deposit aimed at resource definition and extensional and step-out drilling (press release dated August 8, 2022) and baseline studies at their Seymour Lithium Deposit (press release dated July 19, 2022). GT1 also announced a strategic collaboration with Lithium Americas (NYSE:LAC) on GT1’s Canadian assets to build an integrated lithium chemicals business in North America (press release dated September 20, 2022). Frontie...