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Lion Rock Secures Fleuron Lithium Project in Strategic Acquisition
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - Lion Rock Resources Inc. (TSXV: ...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"Lion Rock Secures Fleuron Lithium Project in Strategic AcquisitionVancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (the \"Company\") is pleased to announce that it has entered into an option agreement (the \"Option Agreement\") to acquire the Fleuron Lithium Project, strategically located 35 km south of Val d'Or, Québec (Figure 1). The Fleuron Lithium Project is comprised of 205 claims spanning 11,380 ha and lies within a highly prospective region with limited lithium exploration history. The property is host to over 150 documented pegmatite outcrops.1Acquisition HighlightsThe Fleuron Lithium Property. The 11,830 ha property is situated at the eastern edge of the Superior Province within the Pontiac Subprovince. It features granite, paragneiss, and localized metasedimentary units, as well as over 150 documented pegmatite outcrops. The property is strategically located with proximity to infrastructure, major mining centers Val d'Or and Rouyn-Noranda, and recent lithium discoveries.The Val d'Or Lithium District. Located in Pontiac Subprovince of Québec, the Val d'Or lithium district is a highly prospective region with minimal lithium exploration history. S-type pegmatites have been identified, and the area hosts projects such as Sayona Mining's Tansim project, Vision Lithium's Cadillac project, and Winsome Resources' Decelles and Mazarac projects.Québec's Lithium Boom. As one of the country's fastest-growing lithium jurisdictions, Québec has over ten advanced-stage projects and numerous early-stage occurrences. Notably, the Whabouchi mine is one of the world's largest bulk tonnage lithium deposits, boasting a Mineral Resource of 36.6 Mt at 1.3% Li2O and a proposed 33-year mine life.2 The James Bay Lithium Mine, with a Mineral Resource of 40.3 Mt at 1.4% Li2O, is projected to produce an average of 321 Kt of spodumene concentrate annually over a 19-year mine life.3Planned Work Program. When it is able to begin work on the Property, the Company will commence a comprehensive exploration campaign, initially focusing on prospecting, mapping, and sampling pegmatites at the Fleuron Lithium Property.Figure 1. The Company's Fleuron Lithium Project map showing documented pegmatite locations, property access and notable neighbouring projects.To view ...