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Metalite Resources Provides Update on Lithium Exploration Activities in Liberia
TORONTO, ON / ACCESSWIRE / May 30, 2023 / Metalite Resources Inc. (CSE:METL) (OTC:JNCCF) (Frankfurt:5VHA) ("Metalite" or the "Company") is pleased to provide an
About this update from Metalite Resources Inc
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / May 30, 2023 / Metalite Resources Inc. (CSE:METL) (OTC:JNCCF) (Frankfurt:5VHA) (\"Metalite\" or the \"Company\") is pleased to provide an overview of its portfolio of assets obtained through the recent acquisition of Next Generation Resources Inc. (\"NextGen\") and provide an update on its lithium exploration activities in Liberia. Highlights The recent acquisition of NextGen provides the Company with control and access to a portfolio of properties in Liberia which are highly prospective in lithium, rare earth elements, base metals and gold in an under-explored portion of the West African craton. Metalite's portfolio of eight Reconnaissance Licenses (granted or pending as set out below) encompasses 3,228 km2 which are distributed across the country targeting exploration hotspots with numerous occurrences of pegmatites, coltan, rare earth elements, base metals and gold occurrences mapped and reported by USGS. Initial site visits, reconnaissance soil sampling, prospecting and mapping programs were completed in 2022. A total of 7,764 soil samples, and 137 rock samples were collected mostly from pegmatites. Samples are being analysed using a portable handheld XRF. Based on these results selected anomalous samples will be sent for geochemical analysis. 444 soil and 137 rock samples have been sent to the laboratory for analysis. Liberia first mover advantage for battery metals exploration. Geological Background of Liberia Metalite's portfolio of Liberian assets includes two active reconnaissance licenses and six Reconnaissance Licenses in various stages of renewal/application covering 3,228 km2 (Figure 1). The licences are located in favourable geologic settings that have the potential to host lithium and rare earth elements (REE) deposits in addition to gold and polymetallic base metal deposits. Prior to its acquisition by Metalite, NextGen had been actively investigating the LCT (Lithium-Caesium-Tantalum) Pegmatite potential of Liberia. Desktop studies and a compilation of historical geological, geophysical, and geochemical data was completed. Reconnaissance licence selection was based on the results of this work. Liberia is underlain by rocks of the west African craton and straddles the boundary between the Archean (3260-2850 Ma) and Paleoproterozoic (2150-1800 Ma) basement rocks. The Archean rocks in ce...