Business
Spark Energy Minerals Confirms Pegmatites at its Minas Gerais Brazilian Lithium and Rare Earths Projects
VANCOUVER, BC / ACCESSWIRE / January 16, 2023 / Spark Energy Minerals Inc., ("Spark" or the "Company") (CSE:EMIN) (Frankfurt:M1N) (OTC PINK:MTEHF), announces th
About this update from Spark Energy Minerals Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 16, 2023 / Spark Energy Minerals Inc., (\"Spark\" or the \"Company\") (CSE:EMIN) (Frankfurt:M1N) (OTC PINK:MTEHF), announces that Foxfire Metals Pty Ltd (\"Foxfire\"), the Company's JV partner, has completed a geochem-ground reconnaissance and mapping program on three of its Lithium and Rare Earth licenses held in the state of Minas Gerais, just 38 kilometres Southeast of Sigma Lithium (TSX-V: SGML). Current geochem and mapping have confirmed pegmatites and old workings. Assay results testing for LCT pegmatites are expected in the 1st quarter of 2023. The program was completed in late December 2022. The soil and rock chips samples collected have been delivered to independent SGS laboratories in Brazil. Background: Spark acquired a 75% interest in eight Brazilian exploration licenses (\"the Brazilian Portfolio\"), six for lithium and two for rare earth elements (\"REE\") (the \"Brazilian Portfolio\"). The Brazilian Portfolio totals 12,315 hectares of highly prospective lithium and REE exploration licenses, in the states of Minas Gerais and Bahia for lithium and Goas for REEs. Brazil is now recognized as one of the world's major high grade lithium producers confirmed by Tesla supplier recently securing off take agreements with Sigma Lithium Corporation's subsidiary, Brazilian Sigma Mineração SA (Sigma). Figure 2. Location map of Spark's Minas Gerais lithium and rare earth licences. The dotted lines indicate distance from Spark's licences to the state owned Companhia Brasileira de Litio's mining operation, Lithium Ionic (TSX-V: LTH) and SGML. Recent discoveries in the same, well known lithium province and pegmatite area of Minas Gerais have also been made by Latin Resources (ASX). Highlight: An exploration program commenced in late December 2022 and confirmed pegmatites on the license areas. Old workings were also identified where pegmatites have been mined, but it is unclear if this mining was for lithium. Rock chip and soil samples will be forwarded to SGS laboratories in Brazil with results expected in first quarter of 2023. Old workings at Minas Gerais and surface exposure of pegmatities have been confirmed. The technical information contained in this news release has been reviewed and approved by Dr. Paul Woolrich (BSc Geology, MSc Geochemistry, PhD Metallurgy) who is a Member of the MAusI...