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Megawatt Lithium and Battery Metals Focusing on Developing Prospective Lithium Properties in James Bay Region, Quebec
VANCOUVER, BC, Feb. 24, 2022 /CNW/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the "Company" or "Megawatt") is finetu
About this update from Megawatt Lithium And Battery Metals Corp.
[{"type":"text","content":" VANCOUVER, BC, Feb. 24, 2022 /CNW/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the \"Company\" or \"Megawatt\") is finetuning its strategic intent for the Quebec properties, with the focus shifting to ramp up exploration activity across the Route 381 and Mistumis Lithium Projects1 in the James Bay region. With the global lithium market in the midst of a cyclical upturn, the Board is keen to identify potential targets across the properties for follow up drill-testing. SIZEABLE FOOTPRINT IN HIGHLY PROSPECTIVE REGION The recent acquisition of the Mitsumis Lithium Project, which complements the Route 381 Lithium Project, delivers Megawatt a sizeable footprint in the James Bay region which is highly prospective for lithium mineralisation (Figure 1). Mitsumis consists of 229 mineral exploration claims in the James Bay area of Quebec. The claims cover an area of 12,116 hectares or 121 square kms. Notably, the properties are proximal to Allkem's (AKE: ASX/TSE) advanced James Bay Lithium Project which is a hard rock operation with ore reserves at 37.2Mt at 1.3% Li2O2. Further to the south-west is Nemaska Lithium's Whabouchi Project which is aiming to transform into a fully integrated mining and down-stream processing operation3. Exploration potential While initial exploration work has been conducted on the 381 Route Lithium Project, the vast majority of the tenure is under-explored. Similarly, minimal exploratory work has been undertaken on the Mistumis Lithium Project. As such, Megawatt's technical team will be ramping up exploration activities across both properties in order to identify pegmatite outcrop then follow up surface sampling campaigns with the aim of identifying targets for drill-testing. In addition, the geology team are looking to ascertain if the geology across the two properties is comparable with Allkem's James Bay Lithium Project. David Thornley-Hall, CEO of Megawatt commented, \"With the lithium upcycle showing no signs of slowing up, the Board is keen to rapidly develop the lithium properties in the James Bay region. Megawatt's technical team is working diligently to roll out a comprehensive exploration campaign across both properties. Moreover, with the recent acquisition of the Mitsumis Lithium Project, Megawatt now has a substantial footprint ...