Business
Leading Edge Materials Provides Update on Romanian Cobalt Exploration Alliance
Leading Edge Materials Provides Update on Romanian Cobalt Exploration Alliance Can...
About this update from Leading Edge Materials Corp.
[{"type":"text","content":"\n\n\n\nLeading Edge Materials Provides Update on Romanian Cobalt Exploration Alliance\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 6, 2018\n\n\n\nVANCOUVER, Nov. 6, 2018 /CNW/ - Leading Edge Materials Corp. (\"Leading Edge Materials\" or the \"Company\") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) following a recent on-site technical review, the Company is pleased to provide an update regarding the progress of its Romanian Exploration Alliance (see press release dated 9 August 2018).  The Exploration Alliance is focused on the discovery and development of lithium ion battery raw materials.  \n\n \n \n\n \nThe principal efforts of the Exploration Alliance to date has been directed towards cobalt mineralization within the Upper Cretaceous Carpathian magmatic belt of the Balkan region.  The Carpathian is a well mineralized intrusive arc that extends from Western Turkey to Hungary, forming the western end of the Tethyan Metallogenic Belt. \nFollowing technical and commercial due diligence, Leading Edge Materials established a local branch company (\"LEM Romania\") of which it is the majority shareholder with the right to earn a 90% interest.  LEM Romania is owner of the 25.5 sq km (2,550 ha) Bihor Sud Prospecting Permit in central western Romania.  Bihor Sud lies within the same intrusive belt and less than 400km north of Nevsun Resources Ltd.'s Timok copper-gold project in Serbia which is currently subject to a friendly takeover bid by Zijin Mining Group Co. Ltd.  Other notable deposits in the West Tethyan Metallogenic Belt include Skouries, Chelopech, Bor and Majdanpek.\nStaff and consultants to LEM Romania have been active on Bihor Sud Prospecting Permit over the summer period, compiling historic data, sampling historic mine waste dumps, completing preliminary ground geophysics and soil sampling.  Review of progress and results to date are considered highly encouraging, and it is anticipated that LEM Romania shall proceed to Exploration License application across prospective areas.\nBlair...