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Canada Silver Cobalt Finalizes Option Agreement for LCT Lithium Property near Power Metals Corp Case Lake Project
The property package is approximately 240 km2 and is contiguous with Power Metals' Case Lake Lith...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Finalizes Option Agreement for LCT Lithium Property near Power Metals Corp Case Lake ProjectThe property package is approximately 240 km2 and is contiguous with Power Metals' Case Lake Lithium LCT property near Cochrane, Ontario.Coquitlam, British Columbia--(Newsfile Corp. - February 6, 2023) - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the \"Company\" or \"Canada Silver Cobalt\") announces it has finalized and signed the Option Agreement to acquire a large prospective LCT Pegmatite land package (Lithium-Cesium-Tantalum) near Power Metals Case Lake Project. The Company has strategically staked a large package surrounding both the claims provided by the Option Agreement and claims adjacent to the Power Metals Case Lake LCT Lithium project for a total holding of close to 240 square kilometres. The Property and project will be focused on exploring the LCT potential in the area. Gerhard Kiessling, P.Geo. VP Exploration, commented, \"The location, size, and proximity to existing lithium discoveries has our team excited to get started working on this property. With the demand for lithium increasing, we feel that we are in the right place at the right time, and are currently in the process of planning a substantial exploration program for the 2023 field season.\"The claim package is contiguous with Power Metal's Case Lake Lithium Property to the east, where their West Joe Dyke and Main Dyke areas have identified some significant lithium grades such as 1.86% Li2O (Lithium) over 19.00m in hole PWM-22-135, 1.58 % Li2O over 15.00m in PWM-22-134 (See Power Metals Corp News Release September 8, 2022), and 1.11% Li2O & 2.15% Cs2O (Cesium) over 6.84m in hole PWM-22-128 (See Power Metals Corp News Release August 19, 2022),The Property acquisition had focused on two important requirements. The first requirement was land that is both proximal to known mineralization (Power Metals Case Lake) and land that contains pegmatites identified at surface from historical bedrock, quaternary, or engineering maps. The second requirement was whether the property contained the contact between Archean sedimentary rock and Archean massive to foliated granodiorite. The Property covers approximately 52 kilometres of this potentially critical contact. This age of rock and type of contact is a common environment ...