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Medaro’s Airborne Survey Identifies More Lithium Exploration Targets at the Superb Lake Property, Ontario
VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-fac
About this update from Medaro Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-faceted venture aimed at developing innovative spodumene processing technology concurrent with lithium focused exploration at its properties in Canada, is pleased to announce the results of the airborne geophysical survey recently conducted at its Superb Lake Lithium Property (the “Property”) located in Northwestern Ontario, Canada. A preliminary interpretation of the survey data show that lithium bearing spodumene mineralization on the Property is most likely controlled by structural trends in the NW- and NE-directions. The results suggest that the lithium mineralized pegmatites most likely occur along the lithological contacts or within fractures buried in the metasedimentary rocks. Highlights The superimposition of 2021-2022 soil sampling contours on the magnetic tilt map identifies four areas of interest with the highest potential for spodumene-bearing lithium mineralization within the Property. Areas of P1, P2, P3, and P4 are categorized as exploration targets with low magnetic responses and low Versatile Time Domain Electromagnetic (VTEM) conductivity (see Figure 1). The Northwesterly trend of lithium assay contours implies that LOW magnetic, LOW conductive zones adjacent to mafic dykes or veins are most likely associated with spodumene-bearing lithium mineralization. The superimposition of the dB/dt Calculated Time Constant and the Fraser filtered VTEM responses on Magnetic Tilt Derivative contours also reflects four areas of interest (T1 to T4 on Figure 1) with the highest potential for sulphide and graphite mineralization as well as base polymetallic deposits within the Property. The result clearly indicates zones of potentially high concentration of sulphide mineralization with anomalous magnetic/ conductive features that are spatially coincident with existing major faults/fractures, and the boundaries of the metavolcanics with pegmatitic granite and metasedimentary rocks. In 2022, the Company contracted Geotech Ltd. (“Geotech”) to complete a VTEM and horizontal magnetic gradiometric survey (the “Survey”)on the Property. A total of 908-line kilometres of survey at 50 metre line spacing was completed on the Property. The survey type is an exclusive technology of Ge...