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International Lithium Corp. Acquires High Grade Raleigh Lithium Project Near Mavis; Creates Upper Canada Lithium Pool a New Multiproject Initiative
VANCOUVER, BC / ACCESSWIRE / March 23, 2016 / International Lithium Corp. (the "Company" or "...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Corp. Acquires High Grade Raleigh Lithium Project Near Mavis; Creates Upper Canada Lithium Pool a New Multiproject InitiativeVANCOUVER, BC / ACCESSWIRE / March 23, 2016 / International Lithium Corp. (the \"Company\" or \"ILC\") (TSX Venture: ILC.V) is pleased to announce it has acquired in total 464 hectares of mineral claims in the Kenora Mining District of Ontario through a sale and purchase Agreement and additional staking. All the claims were acquired at or near staking cost and are subject to a 1% Net Smelter Return royalty to the vendor, purchasable at any time for $1,000,000.\nThe Raleigh Project (\"Raleigh\") is located about 7km south of the Trans-Canada Highway, 20 km west of Ignace, Ontario and approximately 270km west of Thunder Bay, Ontario. Access to key parts of the property from the Trans-Canada Highway is by secondary roads and forest access roads. The city of Dryden is approximately 80 km west by highway 17, making the Company's recently announced Mavis joint venture approximately 60 kilometres away.\nRaleigh Project Highlights\nThe rare metal mineralization at Raleigh was first identified by prospecting in 1966 and further categorized between 1993 and 1999 by the Ontario Geological Survey through mapping with particular emphasis on defining the zoned rare metal pegmatite belt and associated rare metal mineralization. This lead to two periods of exploration; the first occurring from 1999 to 2001 focussing on tantalum, while the second in 2010 was expanded to encompass lithium. These exploration campaigns included mapping, lithogeochemistry, trenching (1500m) and diamond core drilling (2817.5m in 17 holes) resulting in the identification of several substantial pegmatites and numerous smaller ones.\nHighlights of previously reported drill intercepts at Raleigh are summarized in the table below. The pegmatites are moderately dipping and appear to flatten at depth.\nImage: https://www.accesswire.com/uploads/ILC%203-23%201.png\nPast work on the property also reported significant tantalum values in grab samples from boulder trains some of which have been traced to sources in outcrop or trenches. Highlights of previously reported drill intercepts are summarized in the table below.\nImage: https://www.accesswire.com/uploads/ILC%203-23%202.png\nAll widths in drill core are drill widths and have not...