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Mosaic Minerals Presents Lithium Projects Portfolio (50,000+ hectares) and Exploration Priorities for 2023
MONTREAL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”). After several acquisitions, Mosaic summarizes it
About this update from Mosaic Minerals Corp
[{"type":"text","content":" MONTREAL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”). After several acquisitions, Mosaic summarizes its portfolio of properties focused on lithium exploration located mainly in James Bay (Quebec). All the exploration projects for lithium and strategic minerals held by Mosaic are located in a geological environment favorable to the discovery of spodumene pegmatites. Several indicators such as the presence of mica, tourmaline, beryl as well as anomalous indices in lithium associated with the presence of pegmatites allow to believe in this potential. MOC currently owns more than 57,000 hectares of land, of which approximately 35,000 hectares will be explored during 2023. In collaboration with ALS Goldspot Discoveries and Japosat, the Company is preparing for the spring/summer 2023 period, a first phase of exploration including prospecting and sampling of targets defined by the analysis of satellite data and various current geophysical and radiometric surveys. Based on the results obtained during this first phase of field exploration, the company will then undertake more extensive work such as geochemistry and stripping, possibly followed by drilling. Here are the highlights of our main lithium projects : Lithium SM : 194 claims – 10,864 Ha. Located 40 km north of the Quévillon mining area. This project is easily accessible by forest and secondary roads connecting Quévillon to Matagami A vast granitic batholith in contact with volcanics containing several pegmatites with lithium anomalies (rock samples-MERN) ranging from 50 to 299 PPM in LI and 330 PPM in Rb as well as anomalies in tantalum and tin have been identified by historical exploration. The management of the Company intends to undertake a vast exploration and prospecting campaign on this project as soon as access conditions permit. Mirabelli SM : 290 claims – 15,370 Ha. This project is accessible by the main road leading to Eastmain. Located to the west and south of the band of green rock containing the James Bay Lithium deposit (Allkem – 37M tm @ 1,3% Li (2021)). This project contains a favorable geological environment for the presence of spodumene pegmatites. Several pegmatites containing biotite, muscovite, beryl, and tourmaline have already been listed by the MERN. This project will also be the subject of a vast...