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SILVERTON METALS ENTERS INTO LETTER OF INTENT TO ACQUIRE LITHIUM PROPERTIES
SILVERTON METALS ENTERS INTO LETTER OF INTENT TO ACQUIRE LITHIUM PROPERTIES Can...
About this update from Lodestar Metals Corp.
[{"type":"text","content":"\n \n \n \n SILVERTON METALS ENTERS INTO LETTER OF INTENT TO ACQUIRE LITHIUM PROPERTIES\n \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 Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, B.C.\n \n \n ,\n \n \n July 19, 2022\n \n \n /CNW/ -- Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) (\"\n \n Silverton\n \n \" or the \"Company\") is pleased to announce that it has entered into a letter of intent (the \"Letter of Intent\") to acquire all of the issued and outstanding shares of The Wholesome Organic Limited (the \"WOL\"). WOL owns the Peny Property (the \"Property\"), comprised of fifteen mineral claims totaling 3,204 hectares in the\n \n Snow Lake\n \n district in\n \n Manitoba, Canada\n \n .\n \n \n \n \n \n \n \n \n \n \n \n \n Peny Property\n \n \n \n The Peny Property is located approximately 25 kilometres north-east of the town of\n \n Snow Lake, Manitoba\n \n . The Peny Property is prospective for Lithium Pegmatite and Volcanic Massive Sulphide (\"VMS\") style mineralization which is known to occur in the local area.\n \n \n The Property encompasses rocks belonging to the\n \n Churchill Province\n \n and comprises metamorphic and metasedimentary rocks; predominantly Felsic and Arkosic Gniess's including arkose, arenite, and quartzite-derived gneiss and migmatite belonging to the Sickle Group, Missi Group and Sickle Metamorphic Suite. The Property is located adjacent to the formally producing Osborne Lake VMS Mine previously operated by the Hudson Bay Mining and Smelting Co, where historical workers report wallrock are intruded by coarse-grained, sheared pegmatite. While the limited historical work on the property indicates that mineralization may include copper and zinc, the Company intends to refocus the asset on the exploration of lithium, which has proven successful at neighbouring sites.\n \n \n \"Although we have significant silver assets in\n \n Mexico\n \n , we believe that diversifying our project portfolio to lithium-focused assets in\n \n Canada\n \n will add significant long term value for shareholders,\" said\n \n Lowell Kamin\n \n , Chie...