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92 Resources Corp. Discovers Lithium-bearing Pegmatite at the Pontax Property, Quebec
VANCOUVER, BC / ACCESSWIRE / October 25, 2018 / 92 Resources Corp. (the "Company") (TSX.V: ...
About this update from Germanium Mining Corp.
[{"type":"text","content":"\n92 Resources Corp. Discovers Lithium-bearing Pegmatite at the Pontax Property, QuebecVANCOUVER, BC / ACCESSWIRE / October 25, 2018 / 92 Resources Corp. (the \"Company\") (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce that the 2018 surface exploration at the Pontax Property has resulted in the discovery of lithium-bearing pegmatite. The Pontax Property (the \"Property\") is wholly owned by the Company and is located in the James Bay Region of Quebec, proximal to the all-season James Bay Road and powerline infrastructure. The Property is also situated approximately 90 km west of Nemaska Lithium’s Whabouchi Project, which is currently advancing through the construction phase towards production.The 2018 surface exploration at the Pontax Property consisted of reconnaissance-scale prospecting and rock sampling over an approximate one (1) week period. The program targeted areas of interest identified through historic work, satellite imagery review, and airborne geophysics with the primary objective to discover lithium-bearing pegmatite occurrences of significance. The Company is now pleased to report that the field program was highly successful and has resulted in the discovery of a new lithium-bearing pegmatite occurrence on the Property (claim Block C). Two grab samples (129364 and 129366) of the pegmatite returned assays of 0.94% Li2O and 520 ppm Ta2O5, and 0.72% Li2O and 87 ppm Ta2O5, respectively. Spodumene is indicated to be the primary lithium-bearing mineral present based on other occurrences in the area.Surface exploration on Block C of the Property was limited to a single ground traverse with the mineralized samples separated by approximately 0.6 km. The outcrop where sample 129364 (0.94% Li2O and 520 ppm Ta2O5) was collected has estimated dimensions of 40 m x 100 m; however, satellite imagery suggests several outcrop occurrences are present along trend towards sample 129366 (0.72% Li2O), which may indicate a larger, more continuous body is present under a thin veil of overburden. Further highlighting the potential of the discovery is another grab sample of outcrop assaying 631 ppm Ta2O5, with associated anomalous lithium (0.02% Li2O), which was collected a further 1.3 km along strike to the northeast. Due to the limited length of the field program, further constrained by regional forest fires which p...