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MLK Gold Continues to Increase Its Lithium and Critical Metals Portfolio in Newfoundland
Windsor, Nova Scotia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- MLK Gold Ltd. (“CSE: MLK”) (“MLK” or “MLK Gold” or the “Company”), a growth oriented precious and critic
About this update from Triple One Metals Inc
[{"type":"text","content":" Windsor, Nova Scotia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- MLK Gold Ltd. (“CSE: MLK”) (“MLK” or “MLK Gold” or the “Company”), a growth oriented precious and critical metal exploration company headquartered in Windsor, Nova Scotia, is pleased to report that it has again added to its growing portfolio of lithium and critical metals assets in Newfoundland. The Knob Brook lithium property, acquired by the Company through map staking, consists of 111 mineral claims is located approximately 4 kilometres south of the Company’s previously announced property, and roughly 15 kilometres east of the Kraken lithium discovery made by the Benton Resources-Sokoman Mineral Alliance. The Knob Brook property is crossed by the Burgeo Highway (Route 480) near its western boundary that lies approximately 16 kilometres north of the Town of Burgeo. Access into more remote part of the property is best done by helicopter. Port facilities are available in Stephenville and transmission lines run near the properties. Company Chairman, Bill Fleming stated that, “These are exciting times as Newfoundland emerges as a significant lithium district in the Appalachian Mountain Chain, especially given the significant lithium and caesium discovers in the western Dunnage Zone by the Benton Resources – Sokoman Minerals Alliance. We believe the general lack of historical exploration in the areas for lithium opens a huge opportunity to add to the list of critical metal discoveries in the Province of Newfoundland”. Based on preliminary reconnaissance of the Burgeo granite elsewhere to the south, the Company believes there is significant potential for critical metal-bearing pegmatite development at Knob Brook and its other nearby property. This mineral corridor, in part defined by the Hermitage Flexure with its associated fault structures, may hold potential for the first major lithium- bearing ore deposit in Atlantic Canada. Smith commented, “We know from previous government and academic research that although pegmatite dikes have been mentioned, based on our early field examination, their abundance has been dramatically under-stated. In addition, we also know that numerous quartz – tourmaline ± pyrite veins in the Burgeo Granite resembling the Marathon Gold’s Valentine Lake deposit located approximately 50 kilometres to the north, have not been thoroughly pros...