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International Lithium and Pioneer Resources Plan Drilling for the Mavis Lithium Joint Venture Project, Ontario, Canada
VANCOUVER, BC / ACCESSWIRE / April 20, 2016 / International Lithium Corp. (TSXV: ILC.V ) (t...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium and Pioneer Resources Plan Drilling for the Mavis Lithium Joint Venture Project, Ontario, CanadaVANCOUVER, BC / ACCESSWIRE / April 20, 2016 / International Lithium Corp. (TSXV: ILC.V) (the \"Company\" or \"ILC\") is pleased to announce that strategic partner Pioneer Resources Limited (\"Pioneer\") (ASX: PIO) has advised the Company that they wish to advance an exploration program on the Mavis Lithium project in Ontario, Canada. The program comes ahead of the final decision on an option and joint venture agreement announced by the companies on March 14, 2016 whereby Pioneer was granted an exclusive right to conduct due diligence over a three month period prior to finalizing an option agreement (see Company news release March 14, 2016).\nThe proposed work program will include 6 diamond drill holes to test key spodumene intersections made at the Fairservice and Pegmatite 18 prospects during 2011 and 2012. Ground magnetic surveys totalling approximately 170 line-kilometres are proposed to help define the pegmatite targets and will be followed up with soil geochemical surveys. Subject to drilling results, and to the outcomes of the ground magnetic and geochemistry programs, drilling is expected to continue.\nMr. Kirill Klip, President, International Lithium Corp. comments, \"We are very pleased to see a rapid advancement on the Mavis Lithium project in Ontario with Pioneer Resources Limited. International Lithium is now fully active on 3 continents with high quality projects and strategic partners. This initial program at Mavis, scheduled for June 2016, will allow ILC to begin its multi-project \"Upper Canada Lithium Pool\" targeting raw materials for the lithium supply chain to North America\"\nAbout Mavis Lithium Project\nKey factors that make the Mavis Lithium Project attractive are its location and established infrastructure. Situated only 19 kilometres from the town of Dryden, Ontario and approximately 300 kilometres via the Trans-Canada Highway to Thunder Bay, an industrial centre in Ontario. Rail and power access are also readily available as well as a skilled workforce, experienced in sustainable natural resource development. The claim blocks comprise a total of 2,624 hectares and straddle a continuous pegmatite field exhibiting high-grade, well-evolved, lithium and tantalum zonation as well as significa...