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Li3 Lithium Shifts Focus to its 100%-Owned Northern Lights Copper Project Located in Nevada in Close Proximity to Nevada Copper's Producing Mine
Prior small-scale copper production in the early 1900s Historic reports document copper minerali...
About this update from Global Copper Corp
[{"type":"text","content":"Li3 Lithium Shifts Focus to its 100%-Owned Northern Lights Copper Project Located in Nevada in Close Proximity to Nevada Copper's Producing MinePrior small-scale copper production in the early 1900sHistoric reports document copper mineralization grading 3% to 12% CuRecent sampling confirms ore-grade copper (1% to 19% Cu) over widths up to 4 meters at the surfaceAccelerated exploration program to be undertaken as a priority to test width & gradeToronto, Ontario--(Newsfile Corp. - December 15, 2023) - Li3 Lithium Corp. (TSXV: LILI) (FSE: WD9) (\"Li3 Lithium\" or the \"Company\") is pleased to announce that it is shifting its focus to copper going forward and, more specifically, to its 100%-owned, 485 hectare Northern Lights Copper Project (the \"Project\"). The Project is located 25 km from Yerrington, Nevada and is in close proximity to Nevada Copper Corporation's producing Pumpkin Hollow copper mine which has in excess of 6.5 billion lbs of copper equivalent resource. Historic records confirm prior small-scale intermittent production of copper on the Northern Lights property in the early 1900s. Sampling undertaken by the Company confirms that Northern Lights has ore-grade copper (1% to 19% Cu) over widths up to 4 meters at the surface. Review of historic reports dating back to the 1910 to 1920 era suggests that copper mineralization grading 3% to 12% Cu at an average width of 1 to 2 meters (2 to 6 feet) extends to a depth of 100 meters (325 feet). Underground workings are not accessible, and these grades cannot be confirmed without drilling. Results from the Company's data compilation, geologic mapping, surface rock geochemistry, and the magnetic survey confirm that additional exploration at Northern Lights is justified. The Company intends to commence a two phase exploration program as recommended in the Northern Lights Copper Project 43-101 Report dated 31 December 2021. Phase 1 will include a ground-based EM (electromagnetic) survey to define high-grade copper mineralization coincident with the magnetic anomalies previously identified. Results from the EM survey, magnetic survey, geologic mapping, and surface copper geochemisty will be used to further refine drill targets. Phase 2 will consist of reverse circulation drilling to confirm copper mineralization indicated by the four data sets described above. Reverse circulat...