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Cullinan Metals Starts Exploration Program in Ontario and Quebec Lithium Properties
Vancouver, BC - TheNewswire - August 29, 2023 - Cullinan Metals Corp. (CSE:CMT) (OTC:CMTNF) (FWB:7KO) ("Cullinan" or the "Company") is pleased to announce that
About this update from Cullinan Metals Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - August 29, 2023 - Cullinan Metals Corp. (CSE:CMT) (OTC:CMTNF) (FWB:7KO) (\"Cullinan\" or the \"Company\") is pleased to announce that further to its news releases dated August 21 and August 23, 2023, it has started an initial exploration program on its new Ontario and Quebec properties (the “Properties”). The Company has recently signed non-binding letters of intent (“LOIs”) with various arm’s length vendors with respect to these Properties. Under the LOIs, the Company will acquire a 100% interest in and to a series of highly prospective lithium mineral properties in Canada subject to the satisfaction of full due diligence investigation including preliminary sampling and exploration work on the Properties to the extent permitted by applicable mining laws. The Properties Ontario Properties The Ontario properties which include Dory - Aerial Lake, East Haig, West Haig, Flower Fall and Flash Lake properties, are located in a lithium favorable geological setting of northwestern Ontario in the vicinity of the Georgia Lake, Mavis Lake, Separation Rapids, GT1’s Root Lake lithium projects in Northwestern Ontario. Lilypad East and West properties are directly adjacent to significant Ta Cs Rb mineralization. Quebec Properties The Quebec Properties are located mainly in two prolific geological regions: a) the James Bay area (James Bay Pegmatite and James Bay Spodumene properties) where several new lithium discoveries have been made alongside the historical deposits; and b) in the Val d’Or region (VS and VN properties) located within the Archean Preissac-Lacorne batholith, a geological region with known lithium deposits, prospects and an existing lithium mine (North American Lithium or NAL). Cautionary Statement: The above-mentioned information on the adjacent lithium prospects and deposits in this news release is taken from the publicly available information. The Company has not been able to independently verify the information contained. The information is not necessarily indicative of the mineralization on the properties, which are subject of this news release. The Program During the current phase of exploration (“Phase One Exploration”), two experienced field teams have been deployed to conduct field prospecting activities across Ontario and Quebec Lithium properties. This process will involve the systematic...