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Stria Completes Initial 2,000-Metre Drilling Program at its Pontax-Lithium Project, Quebec
(TheNewswire) OTTAWA, ONTARIO – TheNewswire - December 21, 2022 - St...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Completes Initial 2,000-Metre Drilling Program at its Pontax-Lithium Project, Quebec\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTTAWA, ONTARIO –\n \n \n TheNewswire -\n \n \n December 21, 2022 - Stria Lithium Inc.\n(TSXV:SRA) (“Stria” or the “Company”) is pleased to announce\nthe completion of its fall 2022, 2,028-metre helicopter-supported core\ndrilling program at its flagship Pontax lithium spodumene pegmatite\ndyke (LSPD) prospect located on the Company’s Pontax Lithium\nproperty, in west-central Eeyou Istchee Baie-James Territory of\nnorthern Québec. The drilling program was designed to test the\ncontinuity at depth of the spodumene mineralization over the entire\nknown strike length of the central spodumene-bearing pegmatite dyke\nswarm zone at the Pontax LSPD prospect.\n \n \n \n \n The fall core drilling program at the Pontax LSPD\nprospect was designed and operated by partner Cygnus Gold Limited\n(ASX: CY5) (“\n \n \n Cygnus\n \n \n ”) and comprised of seven (7) inclined\nNQ-diameter holes for a total of 2,028 metres drilled (holes\n975-22-026 to 975-22-032). Analytical results for the first set of\ndrill core samples expedited to SGS Canada Inc. Laboratories in\nLakefield, Ontario, are expected early in the first quarter of 2023.\nIOS Services Géoscientifiques Inc. (IOS) of Saguenay, Québec,\nprovided technical and logistical support for the drilling program\nwhile core drilling was performed by\n \n \n \n \n Forage RJLL\n \n \n of Rouyn-Noranda, Québec.\n \n \n \n \n In July, Stria announced a partnership with\n \n \n \n \n Cygnus Gold Limited (ASX:\nCY5) (“\n \n \n Cygnus\n \n \n ”)\n \n \n by which Cygnus has been granted\nthe sole and exclusive option to acquire up to a 70 % undivided\ninterest in Stria’s Pontax-Lithium property (“\n \n \n Pontax\n \n \n ”) under a\ntwo-stage option for total cash payments of $6.0 million and\nexploration expenditure commitments totalling $10.0 million. Cygnus\nhas been exploring the property under the terms of the first of the\ntwo-stage option, by which Cygnus is required to incur exploration\nexpenditures on the Property in the amount of $4.0 million over a\nperiod of 18 months.\n \n \n \n \n “Our partner Cygnus has...