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Mosaic Minerals Acquires 1,490 Hectares East of Adina Lithium Showing
MONTREAL, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) has acquired by map staking a 29-cell property co
About this update from Mosaic Minerals Corp
[{"type":"text","content":" MONTREAL, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) has acquired by map staking a 29-cell property comprising approximately 1,490 hectares east of the Adina lithium showing, in Jamesie (QC). The Dalmas SM project is located in a favorable geological environment for strategic minerals such as lithium, nickel, copper, chromium, and cobalt. We find the presence of peridotite, pyroxenite as well as a pegmatitic granite containing beryl. According to data from the Quebec Ministry of Energy and Natural Resources, this property contains several geochemical showings of nickel, copper, and lithium. An exploration program will be necessary to assess its full potential during 2023. “The current geopolitical context favors lithium projects in Quebec, and we intend to use our exploration expertise to develop properties with strategic mineral potential (lithium, nickel, copper, chromium, and cobalt). Mosaic is positioning itself in this sector, which is now mobilizing major players such as the Pentagon, which aims to secure critical mining projects in Canada,” underlined Mr. Jonathan Hamel, President, and Chief Executive Officer of Mosaic. The Company's management intends to build a portfolio of projects offering strategic mineral potential through map staking. Lithium and nickel being the most sought-after minerals. The company bases its acquisition strategy on the presence of pegmatite granite, ultramafic, geophysical data as well as surface sampling data carried out by the MERN. Several other targets are currently under study. Lithium SM and strategic minerals Recently, the company acquired the Lithium SM project in the Lebel-sur-Quévillon area. This project of nearly 10,900 hectares, 20 kilometers long by about 10 kilometers wide, is intersected in its center by an EW fault as well as by some ENE faults. In the southern part of the property, numerous lithium anomalies directly associated with pegmatites have been listed by the MERN, suggesting a favorable horizon over more than 5 kilometers. At the center of the project, a volcanic band runs east to west along a high-intensity magnetic anomaly. Several electromagnetic conductors (inputs) are twinned with this volcanic horizon and this magnetic anomaly. The showings composed of strategic minerals in Cu, Zn, Ni and Li seem to be as...