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Max Power Mining More Than Doubles Lithium Footprint in Nunavik’s Raglan District, Northern Quebec
VANCOUVER, British Columbia, July 17, 2023 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) has becom
About this update from Max Power Mining Corp
[{"type":"text","content":" VANCOUVER, British Columbia, July 17, 2023 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) has become a leading landowner in the emerging Raglan Lithium District, Northern Quebec, with the acquisition of 802 claims or 336 sq. km at Raglan South beginning approximately 10 km south of KoBold Metals’ large battery metals project. Combined with its holdings at Raglan West (refer to July 11, 2023 news release), MAX Power now has 100% ownership of 558 sq. km in the broader Raglan district. This makes MAX Power the second largest lithium-focused landowner in this key part of Nunavik featuring two operating mines and a deep-sea port (refer to attached map, Figure 1). Highly-trained crews utilizing state-of-the-art technology will quickly and extensively cover Raglan South following completion of Phase 1 field work at Raglan West, ahead of initial drilling this summer of prospective pegmatite zones in Phase 2 follow-up. The Company is highly encouraged by a just-completed Phase 1 program at its Spark Property in the New Leaf Lithium Camp in southern Nunavik, underscoring the rationale for its strategic entry into geologically-rich Nunavik (comprising the top third of Quebec) for the potential discovery of entirely new high-grade lithium districts. MAX Power’s exploration partner, GroundTruth Exploration, is excelling at logistics, exploration coverage, and community relations. Raglan South Highlights: MAX’s dominant land position at Raglan South captures approximately 80% of the nearly 60-km-long northern border of the district which straddles a major tectonic boundary; Strong geochemistry: Each of MAX’s Raglan South claim blocks has a notable concentration of 99th percentile lithium and cesium in lake bottom sediments in the Quebec government database; Favourable geology: MAX’s Raglan South land package includes the metavolcanic Peltier Belt set within tonalitic and felsic intrusive host rocks; Historically mapped pegmatites: While Raglan South has only been lightly prospected and mapped historically, pegmatites have been noted in the district, including on ground held by MAX Power, but these pegmatites were never tested for their lithium potential according to historic reports. These host rocks have undergone magmatic fractionation. As a result of this, the rocks are enriched...