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Xplore Announces Airborne Survey of Surge Lithium Property
Toronto, Ontario--(Newsfile Corp. - March 30, 2022) - Xplore Resources Corp . (TSXV: XPLR) ...
About this update from Xplore Resources Corp.
[{"type":"text","content":"Xplore Announces Airborne Survey of Surge Lithium PropertyToronto, Ontario--(Newsfile Corp. - March 30, 2022) - Xplore Resources Corp. (TSXV: XPLR) (\"Xplore\" or the \"Company\"), is pleased to announce that it has contracted Prospectair Geosurveys Inc. (\"Prospectair\") of Gatineau, Quebec to complete a high-resolution heliborne magnetic survey of the recently optioned 3416 ha lithium Surge Property (the \"Property\" or \"Surge\") located in the Patricia Mining District, Ontario, Canada approximately 150 kms east of Red Lake, Ontario. Wes Hanson, P.Geo., President and CEO of Xplore Resources, commented, \"We were fortunate to be able to join a consortium of lithium focused exploration companies who have aggressively acquired claims in the region, largely due to the discovery potential for lithium bearing pegmatites associated with the Allison Lake batholith and Root Lake pegmatite group. Participating in this consortium not only reduces the overall costs of the survey for all participants, but more importantly, it will generate preliminary results by mid-May, allowing us the opportunity to prioritize areas of interest for field follow up and sampling during the coming field season. That allows us to double down on field evaluation as our Perrigo Lake claim block, acquired initially for its gold potential, lies immediately west and adjacent to the Allison Lake Batholith, giving us two properties in this dynamic region. We are very encouraged by the commitments outlined in Ontario's recently announced Critical Minerals Strategy, focused on positioning the province to benefit from the anticipated exponential growth of electric vehicle manufacturing. This includes financial support for the exploration for and development of critical battery metals, including lithium, throughout northern Ontario.\"Surge PropertySurge is located 12 kms east of the Root Lake pegmatite group which includes the McCombe lithium deposit, (historic mineral resource of 2.3 million tons @ 1.3% Li20 as per Mulligan R., Geological Survey of Canada, 1965 (Ref. Figure 2.0). The Root Lake pegmatite group lies within the Pakwash - Lake St. Joseph (\"PLSJ\") rare element pegmatite trend, a 20 km wide, +100 km long trend containing multiple peraluminous (Al-rich) granitic intrusions, rare earth pegmatites and lithium bearing pegmatites, including the Allison Lake b...