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Mosaic Minerals Acquires Four New Projects Conducive to the Discovery of Lithium and Strategic Minerals
MONTREAL, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) announces the acquisition by map staking of 156 m
About this update from Mosaic Minerals Corp
[{"type":"text","content":" MONTREAL, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) announces the acquisition by map staking of 156 mining cells covering approximately 8,325 hectares composing four new exploration projects for lithium and strategic minerals. Located in Jamésie (Northern Québec), these projects join the two other lithium projects previously staked by the Company. Mosaic now holds a portfolio of six projects focused on exploration for lithium and strategic minerals. All these projects are in a geological environment favorable to the discovery of such minerals. Mosaic also holds three other projects targeting nickel potential. According to data from the Quebec Ministry of Energy and Natural Resources (MERN), the new Maqua SM project, consisting of 69 cells with a size of approximately 3,569 hectares and located in the granitic suite of Vieux Comptoir, can offer phases of spodumene pegmatites. There is very little geological data currently available on this project. This vast project is located west of the Mia L1 and Mia L2 lithium showings recently acquired by Queensland Gold Hills (See press release of November 28, 2022). As for the Gervais SM project, it consists of four (4) mining blocks in a sector comprising several showings of cobalt, copper, zinc, and nickel as well as lithium. This project totals 28 cells for a dimension of approximately 1,535 hectares. This project is located west of the Sirmac and Moblan lithium showings. The Bordier project comprising 48 cells for an area of approximately 2,651 hectares is located further south, along the Ontario border. According to the MERN, several random rock samples revealed significant lithium values. Finally, the Sakami SM project, made up of 11 cells covering an area of 570 hectares, is in contact with a biotite paragneiss and a white pegmatitic granite and an alkali feldspar and biotite and muscovite, tourmaline, garnet, and beryl in the Lake Sakami area. Depending on the exploration budgets available, these projects should all be the subject of exploration work including a geological, geochemical, and geophysical survey as well as detailed sampling during the spring and summer of 2023. All these projects are accessible year-round via main and forest roads. “Lithium and strategic minerals including nickel are in high demand for th...