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Pegmatite One Confirms High-Grade Lithium Discovery at Frazer Lake Mound Property
Key Highlights: Discovery: First-ever lithium mineralization identified in Northwestern Ontario's Frazer Lake Mound Property. High-Grade Findings: Identified zo
About this update from Pegmatite One Lithium And Gold Corp.
[{"type":"text","content":" Key Highlights: Discovery: First-ever lithium mineralization identified in Northwestern Ontario's Frazer Lake Mound Property. High-Grade Findings: Identified zone with an average of 6.82% Li2O, peaking at 7.26% Li2O. Promising Potential: 9-kilometre trend of enriched LCT* pegmatite veins and dykes identified. Vancouver, British Columbia--(Newsfile Corp. - August 21, 2023) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) (formerly Madi Minerals Ltd.) (\"Pegmatite One\" or the \"Company\") announces a discovery of high-grade lithium mineralization at the Frazer Lake Mound Property in Northwestern Ontario, Canada. This significant discovery, spearheaded by Planet X Exploration Services Corp. (\"Planet X\"), is the first of its kind in this region. The exploration program, driven by a skilled team of geologists and explorationists at Planet X, resulted in the collection of 231 rock grab samples across the property. An in-depth analysis confirmed the presence of spodumene-bearing pegmatite dykes, reinforcing the monumental nature of this discovery in Northwestern Ontario. Breakdown of the Discovery: Peak Values: In the spodumene-rich pegmatite zone, 6 samples averaged an impressive 6.82% Li2O, reaching highs of 7.25% Li2O. Other Anomalies: 15 samples exhibited readings over 0.02% Li2O. Adding to the excitement, an extensive trend, spanning about 9 kilometres and containing anomalous and enriched LCT pegmatite veins and dykes has been mapped out. This discovery emphasizes the regions potential for hosting further high-grade lithium mineralization. The discovery zone contains visual spodumene with an estimated abundance varying between 1-50% within the pegmatite matrix and the extent of the zone is currently open in all directions. Figure 1: Geographical Distribution of Lithium Grades: Spotlight on High-Grade Zones at Frazer Lake Property in Northwestern Ontario, Canada Kelly Abbott, CEO of Pegmatite One, stated, \"This new data adds to the growing evidence of the exceptional lithium potential of the Frazer Lake Mound Property. We're excited about the implications this has for our future exploration and development strategies moving forward.\" Anticipated maps detailing the discovery will be shared once received. This announcement fortifies Pegmatite One's commitment to unveiling superior lithium sources pivotal for the evo...