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Sorrento Resources Engages Planet X to Complete Prospecting Program on PEG Lithium Project
VANCOUVER, BRITISH COLUMBIA – TheNewswire - August 10, 2023 – SORRENTO RESOURCES LTD. (the “Company”) (CSE:SRS) (OCT:SRSLF) is pleased to announce that it has e
About this update from Sorrento Resources Ltd.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA – TheNewswire - August 10, 2023 – SORRENTO RESOURCES LTD. (the “Company”) (CSE:SRS) (OCT:SRSLF) is pleased to announce that it has engaged Planet X to complete a prospecting program on the PEG Lithium Project (The “Project” or “Property”) in Central Newfoundland. The Property is located approximately 45km south of Millertown and consists of 1 mineral license covering an approximate area of 4,525 ha. The mineral licenses are 100% held by Sorrento Resources Ltd. Access to the Property is via a well-maintained road connecting Millwertown with the NALCOR hydroelectric facility at Granite Lake. “We are excited to get the field program underway at our recently acquired PEG Property (see news release June 13, 2023). The Property has been relatively underexplored and hosts the first recognized Lithium occurrence in Newfoundland. The Project represents an opportunity to discover new areas of Lithium mineralization with the help of the Planet X team.” Stated Brayden Sutton, CEO. The PEG Lithium Property has the potential for Lithium-Cesium-Tantalum (‘LCT’) Pegmatite mineralization with one of the only known Lithium anomalies in Newfoundland the “Snowshoe Pond Occurrence” with anomalous Lithium values up to 399.4ppm taken from coarse-grained pegmatite containing light green colored muscovite (Magyarosi, 2019). The geological setting of the Snowshoe Pond pegmatite dykes is similar to that of the Superior Province pegmatites found in Ontario and Quebec (Magyarosi, 2019). The pegmatites are located close to a major structural boundary between the Exploits and Meelpaeg subzones, and several are hosted in metasedimentary rocks of the Spruce Brook Formation. The work program will consist of prospecting, mapping, and sampling of pegmatites and host rocks to determine the degree of pegmatite fractionation and any Lithium mineralization present. These results will be used as exploration vectors for future work programs on the Property. References Magyarosi,Z, 2019: Geochemical data from granitic rocks in south-central Newfoundland (NTS map Areas 12A/07,08,09 and 10). Government of Newfoundland and Labrador, Department of Natural Resources, Geological Survey, Open File 012A/1802, 9 pages. Qualified Person The technical information contained in this news release has been reviewed and approved by Dean Fraser, P.Geo., a “Qua...