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Rock Edge Resources Signs LOI to Acquire Val-D’or East Lithium Project
VANCOUVER, BC / ACCESSWIRE / March 20, 2023 / Rock Edge Resources ("Rock Edge", or the "Company") is pleased to announce that is has entered into an arm's lengt
About this update from Inspiration Mining Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 20, 2023 / Rock Edge Resources (\"Rock Edge\", or the \"Company\") is pleased to announce that is has entered into an arm's length letter of intent (\"the LOI\") to acquire all of the issued and outstanding securities or all or substantially all of the assets of 1403437 BC LTD, including but not limited to the Val-d'Or East Mineral Claims (the \"Property\") in the Province of Quebec, Canada. The Property consists of 90 mining claims covering approximately 5,292 hectares or 53 square km. The Property is located 30km southeast of Val-d'Or, accessible via the regional 117 highway. The Property is located approximately 65km southeast from The NAL Lithium Processing Plant (A Piedmont/Sayona Joint Venture), which just announced it produced its first batch of spodumene concentrate (SC6)1 and 30km southwest of Val-d'Or, a logistics hub for mining service. Sayona is also planning for commission of a refinery outputting Lithium Hydroxide approximately 70km southeast of the Property and a third refinery near Becancour some 200km southeast of the Rock Edge's Val d'Or East Lithium Project. Quebec will have the only rock to finished battery grade lithium Carbonate and Hydroxide outside of Asia, making Quebec the foremost lithium production hub outside of Asia. The Property is contiguous to Sayona Mining Limited's (ASX: SYA) property and to Brunswick exploration property. The Property lies chiefly on the metagraywackes of the Pontiac Geological Subprovince. The Réservoir Decelles Batholith is located 1-3km away from the Property and consists of a heterogeneous granite which contain muscovite-pegmatites. The vicinity of the Property was prospected for Cu-Ni (Lac Granet, Lac Louvicourt-South and Céré-Villebon) and the search for pegmatites were ignored until very recently. The Lac-Granet showing, located on Sayona Mining Limited's claims is located 3km away from the west limit of the Property and 10km north of the Réservoir Decelles Batholith. A drill program by Canadian Malartic Gold Mines Ltd. in 1955 (GM03673) documented several intercepts of aplite and fine grained granitic dykes as well as pegmatites with greenish muscovite. These pegmatites are likely linked to the batholith being formed at its margin. Such pegmatites are interpreted to being produced during late stages of crystallization, which is a pri...