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New Age Metals Inc. Continues to Expand Lithium Portfolio with Acquisition of 19,321 ha at McLaughlin Lake Li Project, Manitoba
(TheNewswire) April 5, 2023 - TheNewswire - Rockport, Ontario - New Age Metals ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Inc. Continues to Expand Lithium Portfolio with Acquisition of 19,321 ha at McLaughlin Lake Li Project, Manitoba\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n April 5, 2023\n \n \n -\n \n \n TheNewswire -\n \n \n Rockport,\nOntario - New Age Metals Inc. (TSXV:NAM\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:NMTLF\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:P7J2) (“NAM” or\n“Company”) is pleased to report that it has acquired 19,321\nhectares of mineral exploration license (MEL) area at McLaughlin Lake,\nManitoba. The MEL covers approximately 30 kms strike length of the\nStull-Wunnummin Fault structure. The property hosts spodumene-bearing\npegmatites with historical assay values up to\n \n \n 2.87% Li\n \n \n 2\n \n \n O\n \n \n 1\n \n \n and numerous prospective LCT-style pegmatites.\n \n \n \n \n The newly acquired property is located in Northern\nManitoba’s Oxford Lake - Knee Lake Greenstone belt (figure 1) which\nis largely underexplored for LCT Pegmatites. All the claims are held\nby Lithium Canada Development, a 100% owned Lithium Division of New\nAge Metals.\n \n \n The Company is\nlooking to find a strategic partner to advance the project to a drill\nready stage.\n \n \n \n \n KEY HIGHLIGHTS OF THE MCLAUGHLIN LAKE\nLITHIUM PROPERTY\n \n \n \n \n \n \n Spodumene-bearing pegmatites have been historically\ndocumented at McLaughlin Lake. A channel sample taken across the main\ndyke assayed\n \n \n 1.32% Li2O over\n1.52m\n \n \n and more recent whole-rock sampling\nconducted by the Manitoba Geological Survey (MGS) on this dyke assayed\n \n \n 1.64% Li\n \n \n \n \n \n \n The dyke was traced at surface for a reported length of\n \n \n 400 meters\n \n \n and varies in thickness from 1.2 – 2.2 meters.\n \n \n \n \n \n \n Spodumene forms up to 40%\n \n \n of the dyke locally with individual crystals noted to be up\nto 35 centimeters long and 7 centimeters wide\n \n \n \n \n \n \n \n \n In a later report by Barry (1962)\n \n \n , a second spodumene-bearing dyke was described ~20 meters\nwest of the main showing.\n \n \n \n \n \n \n Two representative grab samples taken from\n \n \n a second spodumene bearing dyke in the area\nassayed 2.87% and 0.98% Li\n \n \n \n \n \n \n The pegmatite has an ex...