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Queensland Gold Hills Announces Acquisition of Mia Lithium Project in Quebec Hosting 8km Spodumene-Pegmatite Trend and Concurrent Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2022) - Queensland Gold Hills Cor...
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[{"type":"text","content":"Queensland Gold Hills Announces Acquisition of Mia Lithium Project in Quebec Hosting 8km Spodumene-Pegmatite Trend and Concurrent Private Placement FinancingVancouver, British Columbia--(Newsfile Corp. - November 28, 2022) - Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) (\"Queensland Gold\" or the \"Company\") is pleased to announce that it has entered into an agreement with an effective date of November 21, 2022 (the \"Purchase Agreement\") with 9219-8845 QC Inc., a private Quebec company dba Canadian Mining House (\"CMH\") and certain investors in CMH (\"CMH Nominees\") to acquire a 100% interest in the 86 square kilometre Mia Lithium Property (the \"Property\") in the James Bay area of Quebec, Canada (the \"Acquisition\"). President & CEO Alicia Milne states, \"Our entry into the lithium space represents a new value creation opportunity for our shareholders. Quebec is a top global mining jurisdiction and the James Bay region is a highly attractive investment destination for lithium exploration due to its prolific hard rock lithium endowment. We are looking forward to revealing the enormous potential we see in the Mia project.\" About the Mia Lithium PropertyThe Mia Property is comprised of 170 mineral claims, located 62 km East of Wemindji Community in the Eeyou Itschee Territory, James Bay, Quebec. The lithium mineral showings are located approximately 10 kilometres from the nearest highway.Figure 1 - Mia Lithium Property Regional LocationTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/1454/145806_f62b05b224905a0c_001full.jpgThe Property geology is part of the Yasinski Lake area, identified by narrow greenstone belt slivers, belonging to volcanic rocks and related sediment the Yasinski Group and pierced by syn-tectonic tonalite and granodiorite suite. The Property is situated in the western extremity of this geological area, covering various lithologies and favourable structures, known to host spodumene bearing pegmatites. The southern half of the Property covers a northeast limb of the Vieux Comptoir granite and a concordant intrusive body described as a spodumene granite on SIGEOM, the Quebec provincial government's geomining information system: https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr.Figure 2 - Mia Lithium PropertyTo view an enhanced vers...