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St. Anthony Gold Completes Acquisition of Key Brazilian Lithium and Rare Earth Exploration Licenses
Early Exploration Identifies Pegmatite Outcropping and Historical Mine Workings Throughout the Licenses in Minas Gerais VANCOUVER, BC / ACCESSWIRE / December 22
About this update from Spark Energy Minerals Inc
[{"type":"text","content":" Early Exploration Identifies Pegmatite Outcropping and Historical Mine Workings Throughout the Licenses in Minas Gerais VANCOUVER, BC / ACCESSWIRE / December 22, 2022 / St. Anthony Gold Corp. (\"St. Anthony\" or the \"Company\") (CSE:STAG) (Frankfurt:M1N) (OTC PINK:MTEHF) announces that it has closed its previously announced (October 21, 2022) transaction with Foxfire Metals Pty Ltd (\"Foxfire\"), an arms-length Australian Company, pursuant to which the Company 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 (TSLA:NASDAQ) supplier recently securing off take agreements with Sigma Lithium Corporation's (SGML: NASDAQ) subsidiary Brazilian Sigma Mineração SA (Sigma). Three of these lithium licences lie within the highly prospective northern portion of the state of Minas Gerais in the municipality of Padre Paraiso, approximately ~38 Km's east of Sigma Lithium's Grota Cirilo property in Minas Gerais, Brazil. Sigma Lithium recently announced it is on schedule to make its first shipment of spodumene concentrate in April of 2023 and stands to become one of the largest and greenest lithium operations in the world. Minas Gerais state owned Companhia Brasileira de Litio's mining operation, Lithium Ionic (TSX-V: LTH) and Australian-based Latin Resources Limited (ASX: LRS) have also recently made significant discoveries in the same, well known lithium district in Minas Gerais. The initial exploration program commenced December 2022 on the Foxfire licences in Minas Gerais and has confirmed pegmatite outcropping and historic mine workings where pegmatites have been mined. The Company has not acquired any historical data on the previous mining operations, however rock chip and soil samples are being collected and will be forwarded to SGS laboratories in Brazil to test for LCT pegmatites (lithium, cesium, and tantalum) in line with the historic production within the district. Results are expected in the 1st quarter of 2022. The Company will p...