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Ophir Gold Corp. Acquires Lithium Property with Historically Mapped Lithium Pegmatite, James Bay Region, Quebec
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - Ophir Gold Corp. (TSXV: OP...
About this update from Ophir Metals Corp
[{"type":"text","content":"Ophir Gold Corp. Acquires Lithium Property with Historically Mapped Lithium Pegmatite, James Bay Region, QuebecVancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - Ophir Gold Corp. (TSXV: OPHR) (FSE: 80M) (OTCQB: KPZIF) (\"Ophir\" or the \"Company\") is pleased to announce it has entered into an Option (the \"Agreement\") with Eastmain Resources Inc. (the \"Optionor\"), a wholly owned subsidiary of Fury Gold Mines Limited, to acquire a 100% interest in the Radis Property (the \"Property\"), located approximately 70 km east-northeast of Wemindji, Quebec. The Property is within 10 km of a major all-season road and hydropower infrastructure corridor in the James Bay region of Quebec.The Property consists of 152 claims totaling 7,850.3 ha and is situated within a volcano-sedimentary sequence (i.e. greenstone belt) belonging to the Yasinski Group. The greenstone belt over the Property contains at least one known lithium pegmatite and is considered highly prospective for additional lithium pegmatites, hosting a tight regional fold which may provide favourable zones of dilation for pegmatite emplacement (Figure 1, 2). Further, located approximately 10 km to the west-southwest of the Radis Property, within and on trend of the same greenstone belt, is the Mia Li-1 (0.47% Li2O) and Mia Li-2 (2.27% Li2O) spodumene pegmatite occurrences of the Mia Property, recently acquired by Queensland Gold Hills Corp. Historical work in 1959 (Main Exploration Company Ltd., GM10200) within the adjacent Mia Property has mapped an approximate 8.3 km trend of pegmatite (up to 30.5 m wide) with spodumene crystals of approximately 0.61 m noted, extending from the Mia occurrences towards the Company's Radis Property (Figure 1, 2). \"We are delighted to have optioned a property with so much lithium discovery potential. Having the right greenstone geology, on trend with a significant spodumene occurrence in James Bay and having at least one known lithium pegmatite gives us a diversified asset base going into 2023,\" comments CEO Shawn Westcott. \"Our team has vast experience in lithium discovery and financing on an international basis and are very excited by the potential we see at Radis.\"Management cautions that past results or discoveries on adjacent properties (i.e. Mia) may not necessarily be indicative to the presence of mineralization ...