New Energy Metals Announces Option Agreement for Atikokan Lithium Property and Amends Troitsa Agreement

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[{"type":"text","content":"New Energy Metals Announces Option Agreement for Atikokan Lithium Property and Amends Troitsa Agreement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n August 14, 2023 -\n \n \n \n New\nEnergy Metals Corp.\n \n \n \n \n (TSXV:ENRG)\n \n \n \n (\n \n \n \n OTC:NRGYF) (\n \n \n \n “\n \n \n \n New\nEnergy\n \n \n \n ” or the “\n \n \n \n Company\n \n \n \n “\n \n \n \n )\n \n \n \n \n is pleased to\n \n \n \n announce that it has entered into an option agreement (the\n\"\n \n \n Agreement\n \n \n \") dated July 28, 2023, to acquire a 100% interest in\nthe highly prospective Atikokan Lithium Property (the\n\"\n \n \n Property\n \n \n \"). The Property consists of 4 mining claims comprising\n3,788 hectares and is located approximately 12 km east of Atikokan,\nOntario (Figure 1).\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure\n1.\n \n \n Regional location of the\nAtikokan lithium property.\n \n \n \n \n The claims straddle the contact between a peraluminous\nS-type muscovite-bearing granite and metasediments within the Quetico\nsubprovince (Figure 2). The Quetico-Marmion subprovincial boundary\nlies just 4 km north of the Property. Numerous lithium deposits of\nnorthwestern Ontario occur proximal to a subprovincial boundary\n(Breaks et al., 2003). Historically, the Atikokan area has documented\nstrongly anomalous lake sediment results in Li, Rb, Cs, Ga and Sn\n(Jackson, 2001). Muscovite-bearing pegmatite dykes and small pegmatitc\ngranite masses are widely exposed along Highway 11 between Nym Lake\nRoad junction and west to Niobe Lake (McIlwaine and Larsen 1981a,\n1981b). In 2003, Breaks et al., took 16 bulk rock samples along\nHighway 11 largely within the Property boundary (Figure 3). Bulk rock\nchemistry showed a significant number of anomalous lithium values.\nLithium ranged from 11 to 164 ppm with a mean content of 72 ppm,\nhowever, 25% and 60% of the data, respectively, exceeded 100 ppm and\n50 ppm. Taylor (1964) states that lithium values exceeding 100 ppm\nindicate extreme fractionation.\n \n \n \n \n The Gilbert Lake rare-element mineral occurrence,\nsample 01-JBS-78-07 within the Property boundary was the most evolved\npegmatitic rock encountered by the survey. This beryl-type pegmati...

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