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Richmond Minerals Announces the Acquisition of Additional Exploration Licenses Targeting Lithium, and Graphite in Austria
TORONTO / Sep 13, 2022 / Business Wire / Richmond Minerals Inc. (TSXV: RMD) (“Richmond” or the “Company”) is pleased to announce the acquisition (through map st
About this update from Richmond Minerals Inc.
[{"type":"text","content":"TORONTO / Sep 13, 2022 / Business Wire / Richmond Minerals Inc. (TSXV: RMD) (“Richmond” or the “Company”) is pleased to announce the acquisition (through map staking) of 245 exploration licenses (“Freischürfe”) covering an area of 114.6 km2 in total. The licenses cover ground that is considered prospective for lithium occurrences in Styria mining district of Austria. The licenses are grouped into three separate properties (collectively referred to as the “Lithium Group” of properties) designated as the Wildbachgraben Project consisting of 32 licenses covering 14.9 km2; the Klementkogel Project consisting of 22 licenses covering 10.5 km2; and the Bretstein Project consisting of 191 licenses covering 89.2 km2. Additonally, 219 exploration licenses covering an area of 107.1 km2 were acquired in Lower Austria. These licenses are located within the Variegated Series of the Moldanubian Zone and are prospective for and have recorded historical production of graphite. Specifically the licenses are grouped into eight separate properties (collectively referred to as the “Graphite Group”) near the hamlets/villages of Fürholz, Hengstberg, Mühldorf, Wurschenaigen, St. Marein, Ranzels, Zettlitz, and Rabesreith. After the acquisition of these exploration licenses Richmond now holds one of the largest exploration license areas in Austria targeting Au, Ag, Co, Cu, Li, Ni, Pb, Sb, Zn, W, and graphite. Acquisition and Description of licenses Lithium Group Bretstein is the most prospective of these three Li license areas as spodumene pegmatite occurrences have been mapped historically at surface. Mali (2004) describes spodumene pegmatite outcrops at Bretstein with Li2O grades up to 2.93% and spodumene crystal sizes as large as 10 cm. Additional grab samples have been collected from several pegmatite outcrops located within the Bretstein Property and Li2O assays will be reported as soon as available. A mapping and sampling campaign is the planned next step of exploration in the fall of 2022. In the Wildbachgraben and Klementkogel area spodumene bearing pegmatite findings have been reported in the past, however little is known about the existing outcrops and spatial distribution of spodumene pegmatites there. Geological mapping and sampling of these pegmatites is the planned next step. Graphite Group Mühldorf is the largest area consisting of 90 lice...