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Lithoquest Conducts Field Program at Miminiska
Commences Discussions with Eabametoong First Nation VANCOUVER, BC / ACCESSWIRE / April 6...
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[{"type":"text","content":"Lithoquest Conducts Field Program at MiminiskaCommences Discussions with Eabametoong First NationVANCOUVER, BC / ACCESSWIRE / April 6, 2022 / Lithoquest Resources Inc. (TSX-V:LDI) (\"Lithoquest\" or the \"Company\") today announced that it has completed ground geophysical surveys, identified high-priority targets, and conducted drilling on the Miminiska Prospect located within the traditional territory of the Eabametoong First Nation (\"EFN\") in northwestern Ontario.\"Results continue to support our thesis that the Miminiska Prospect represents an exceptional opportunity,\" stated Bruce Counts, President and CEO of Lithoquest. \"The high-priority targets identified have the potential to extend and expand the high-grade gold mineralization at Miminiska.\"Miminiska ProspectThe Miminiska Prospect is located within the 5,500 ha Miminiska Project and is characterized by an extensively faulted and folded banded iron formation (\"BIF\"). Drilling conducted between 1944 and 2005 shows that high-grade gold mineralization occurs within the BIF and is associated with conductive sulphide minerals such as arsenopyrite and pyrrhotite. Historical drill results* at the Miminiska prospect include 5.75 g/t Au over 20.8m starting at 51.9m and 13.95 g/t Au over 5.3m starting at 235.8m.Field ProgramThe Company commenced field operations on the Miminiska Prospect in late February. More than 135 line-km of ground magnetic and electromagnetic surveys were completed before drilling was initiated. Drilling tested two of the new high-priority targets. Approximately 650m of core was obtained in total and sulphide mineralization was observed in both drill holes. Samples of the mineralized core will be submitted for assay with results to be reported in due course. Lithoquest suspended drilling after completing two holes to facilitate consultation with the EFN on the Company's three principal projects: Miminiska, Keezhik and Attwood. Drilling is anticipated to resume in the summer of 2022.High-Priority TargetsThe recently completed ground geophysical surveys have identified several targets within the Miminiska Prospect that have not yet been tested with drilling and that are similar in response to the known zones of high-grade gold mineralization.A 45 line-km horizontal loop electromagnetic survey was completed over the Miminiska BIF. Multi-frequency data we...