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Equitorial Exploration Acquires Lithium Claims Adjacent to QMC Cat Lake Lithium Project
(via TheNewswire) Vancouver, BC, Canada / TheNewswire / October 26, 2017 - Equi...
About this update from Lake Winn Resources Corp.
[{"type":"text","content":"Equitorial Exploration Acquires Lithium Claims Adjacent to QMC Cat Lake Lithium Project(via TheNewswire)\n \n \nVancouver, BC, Canada / TheNewswire / October 26, 2017 - Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (\"Equitorial\" or \"Company\") is pleased to report that the Company has been granted an exclusive option to acquire a 100% recorded and beneficial interest in 3 claims (Catail Claims) directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp. \n\n\n \nCatail Claims Summary\n\n\n \n\n\n- 3 Claims, 99 hectares\n\n\n\n- Adjacent to Cat Lake Mineral Project (previously Irgon Lithium Mine)\n\n\n\n- Lithium Corp Cat Lake mine situated on south end of Catail claim block\n\n\n\n- Irgon Lithium Mine shaft 150 m from south end of Catail claim block\n\n\n\n- 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba Assessment File 98073)\n\n\n\n- Approximately 150 km northeast of Winnipeg \n\n\n\n- Manitoba Provincial Highway 314 in passes through the claim block\n\n\n\n- Please click to view a map of the claims: http://equitorialexploration.com/wp-content/uploads/2017/10/2017-10-26-Catail-Claims-fwe8mt.jpg\n\n\n\n\n \nCat Lake Mineral Project\n\n\n \nQMC Quantum Minerals Corp News Release September 7, 2017 reported:\n\n\n \n\"Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document's relevance and reliability.\" \n\n\n \nThe property lies within the east-trending Mayville-Cat-Eculid Greenstone Belt (\"MCEGB\") located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (\"BRGB\") which is located along the southern contact of the same batholith, and is parallel to and approximately18km to the south of the MCEGB. The property is lo...