Business
Newpath Resources Identifies Hardrock Lithium Target on Alpha/Bravo Project
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) ("Newpath" or the "Company")
About this update from Newpath Resources Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) (\"Newpath\" or the \"Company\") is pleased to provide an update on its lithium exploration program on the Alpha/Bravo Project (the \"Project\") in northern Ontario. The Company's early stage exploration program has identified an area of highly fractionated pegmatite dyking containing key critical element indicator minerals, including coarse grained muscovite that a Laser Induced Breakdown Spectroscopy (\"LIBS\") handheld scanner has identified contains significant concentrations of lithium. Alex McAulay, Newpath's CEO states, \"Prior to beginning this grassroots exploration program, we knew from government archives that the Project area covered favourable geology, a reported S-type peraluminous granite, over 170 historic pegmatite occurrences and numerous lakes that have yielded lake sediment samples with high concentrations of lithium, cesium and rare earth elements. Today, we can say that field crews have discovered an area of highly fractionated pegmatites that demonstrate geochemistry indicating we are getting close to more lithium- rich, potentially mineralized pegmatites. Although we have had a successful exploration program, the onset of winter conditions has forced us to wrap up our field work for the year. We look forward to getting back to work in 2024 following the pegmatite system that we uncovered this summer. Newpath aims to continue to follow the geochemical trends that are leading us to a more evolved, lithium rich part of the pegmatite system, with the ultimate hope of finding the first spodumene bearing pegmatite on the project. \"We are further encouraged by the high-grade lithium, spodumene bearing pegmatite discovery by Pegmatite One Lithium on their Frazer Lake Mound Property, 20 km northeast of our eastern boundary. This Frazer Lake Mound discovery is hosted within the same belt of metasedimentary rocks that underlie the Alpha/Bravo Project, supporting our belief that our Alpha/Bravo project is situated in a favourable geological setting for hosting lithium bearing pegmatites.\" To date, our Hilltop Pegmatite Showing is our highest priority target. The Hilltop Showing covers an area of interest centered on a broad area of Quetico metasedimentary and metavolcanic rocks ...