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CANADA SILVER COBALT Has Signed A LOI to Purchase A Greenfield Lithium Property in Northern Ontario
(TheNewswire) The property is contiguous with Power Metals’ Case Lake Lithium ...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"CANADA SILVER COBALT Has Signed A LOI to Purchase A Greenfield Lithium Property in Northern Ontario\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 The property is contiguous with Power\nMetals’ Case Lake Lithium property near Cochrane, Ontario.\n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire -\n \n \n November 9,\n2022 -\n \n \n Canada Silver Cobalt\nWorks Inc.\n \n \n (TSXV:CCW) (OTC:CCWOF)\n(Frankfurt:4T9B) (the \"Company\" or \"Canada Silver\nCobalt\") announces it has signed a non-binding LOI to purchase a\n24-unit multicell greenfield lithium property in Case Township, in the\nCochrane District, Ontario.\n \n \n \n \n The Property is contiguous to Power Metal’s Case Lake\nLithium Property. It is located approximately 5 kilometers north-west\nof their West Joe Dyke and Main Dyke areas. Some of the recent\nhighlights from the West Joe Dyke and Main Dyke pegmatites are:\n \n \n \n \n \n \n 1.11 % Li2O (Lithium) over\n6.84m\n \n \n in PWM-22-128 (See Power Metals Corp News\nRelease August 19, 2022)\n \n \n \n \n \n \n 1.58 % Li2O (Lithium) over\n15.00m\n \n \n in PWM-22-134\n \n \n (See\nPower Metals Corp News Release September 8, 2022)\n \n \n \n \n \n \n 1.86 % Li2O (Lithium) over\n19.00m\n \n \n in PWM-22-135\n \n \n (See\nPower Metals Corp News Release September 8, 2022)\n \n \n \n \n \n \n The Property is comprised of a single 24-unit multicell\nmining claim totalling 4.5 square kilometers or 450 hectares. The\nProperty is sandwiched between several ‘domes’ identified and\nowned by Power Metals. These ‘domes’ are dome-shaped laccolith\nigneous intrusions that typically host the pegmatitic dykes that\ncontain spodumene which is a lithium aluminium inosilicate, otherwise\nknown as a lithium ore mineral. A collection of these domes appears to\ntrend through the Property outlined in this LOI, and the Property has\noutcropping pegmatites on surface.\n \n \n \n \n The non-binding letter of intent sets forth the terms\nand conditions which shall form the basis of the option agreement\nwhereby Canada Silver Cobalt Works Inc. (the “Company”) may\nacquire up to a 100% interest in certain mining claims located in Case\nTownship, The Cochrane District, Ontario (the “Property”).\n \n \n \n \n The Company and O...