Business
International Lithium Corp. and Pioneer Resources Plan $1 Million Exploration Budget at the Mavis and Raleigh Lithium Pegmatite Projects, Ontario, Canada
VANCOUVER, BC / ACCESSWIRE / July 28, 2016 / International Lithium Corp. (TSXV: ILC ) (the ...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Corp. and Pioneer Resources Plan $1 Million Exploration Budget at the Mavis and Raleigh Lithium Pegmatite Projects, Ontario, CanadaVANCOUVER, BC / ACCESSWIRE / July 28, 2016 / International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce that strategic partner Pioneer Resources Limited (\"Pioneer\") (ASX: PIO) is planning $1 million in exploration expenditures in 2016 on the Mavis and Raleigh lithium pegmatite projects east of Dryden, Ontario, Canada.\n\"This brings the total amount budgeted for exploration to CAD$17 million across the Company's projects in Canada, Argentina and Ireland, making International Lithium Corp. one of the most active exploration companies in the lithium sector. This speaks volumes for the quality as well as the potential of the Company's projects,\" states Kirill Klip, President, International Lithium Corp.\"\nMavis and Raleigh Exploration Programs\nThe $1 million budget will be allocated fairly evenly across the Mavis and Raleigh lithium pegmatite projects (\"Projects\"). The exploration programs will include litho-geochemical sampling, ground and airborne geophysics and 3,000m of diamond drilling with 1,500m planned at each of the Projects in autumn 2016.\nTo date a continuous-reading ground magnetic survey has been completed over much of the Mavis Lake Lithium Project and data processing is underway. In addition, mapping and litho-geochemical rock sampling (170 samples submitted for assay) have been completed to refine targets ahead of drilling.\nField crews will undertake similar exploration programs of geophysics, mapping and litho-geochemistry at Raleigh later this month. Magnetic survey options are being investigated to best suit the local terrain with consideration being given to the use of a low-altitude high-resolution aeromagnetic system.\nAbout the Mavis and Raleigh Lithium Pegmatite Projects\nThe Mavis and Raleigh Lithium Projects are situated 19 and 80 kilometres east respectively from the town of Dryden, Ontario. Both Projects are in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.\nWhen rare-metal pegmatites are emplaced, the host rocks adjacent to the pegmatite are enriched by the associated fl...