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Manning Ventures to Begin Exploration Program at the Bounty Lithium Project
Vancouver, British Columbia – TheNewswire - May 12, 2022 – Manning Ventures Inc. (the “Company” or “Manning”) (CSE:MANN); (FRA:1H5); (US:MANVF) is pleased to an
About this update from Manning Ventures Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - May 12, 2022 – Manning Ventures Inc. (the “Company” or “Manning”) (CSE:MANN); (FRA:1H5); (US:MANVF) is pleased to announce that its initial exploration program at the Company’s 100%-owned Bounty Lithium Property (the “Property”), located in the James Bay Lithium District of northern Quebec, will commence on or around May 20, 2022. The 7,544 hectare Property was staked due to its prospective nature for hosting hard-rock, pegmatite-hosted lithium mineralization. It was selected as a result of a regional targeting method which included the review of pegmatite occurrences across Quebec with the appropriate indicator-mineralogy and indicator-chemistry for hosting Lithium-Cesium-Tantalum (LCT) style, spodumene-bearing pegmatites, within favourable host-rocks. The Property is host to several known pegmatite outcrops, but the project remains underexplored as little to no lithium-focused work has ever been conducted on the Property. Data compilation targeting efforts have outlined a total of 62 target areas , many with previously defined indicator-mineralogy and indicator-chemistry for hosting Lithium-Cesium-Tantalum (LCT) style, spodumene-bearing pegmatites (Figure 2). This initial exploration program is designed primarily to map and sample newly identified target areas and is expected to last approximately one week. “This reconnaissance program will provide critical data in moving Bounty forward,” said Alex Klenman, CEO. “As has already been recognized, Bounty shows favourable geological characteristics that are conducive to lithium mineralization. With over 60 pegmatitic targets to test in an increasingly established lithium district, we like the way this project is developing. The positive exploration proposition at Bounty is abundantly clear,” continued Mr. Klenman. The James Bay Pegmatite District of Quebec is known to host several large lithium pegmatite deposits including: James Bay Project of Allkem. Rose Lithium-Tantalum Deposit of Critical Elements Lithium Corp; and Whabouchi Lithium Deposit of Nemaska Lithium Spodumene bearing pegmatites are important sources of hard rock lithium. With rising EV demand lithium hydroxide and lithium carbonatite prices have risen by over 200% during 2021. Despite the price rises the forecast lithium market im...