Business
Xplore Provides Update on the Surge Lithium Property
Toronto, Ontario--(Newsfile Corp. - December 7, 2022) - Xplore Resources Corp . (TSXV: XPLR) (...
About this update from Xplore Resources Corp.
[{"type":"text","content":"Xplore Provides Update on the Surge Lithium PropertyToronto, Ontario--(Newsfile Corp. - December 7, 2022) - Xplore Resources Corp. (TSXV: XPLR) (\"Xplore or \"the Company\"), is pleased to provide an update on the Surge Lithium Property (\"Surge\"), located approximately 110 kilometres northeast of Sioux Lookout, Ontario.Highlights:A new sulphide trend traced in outcrop along a 1,500 metre east-west trend including three outcrops of massive (+50%) to semi-massive (+25%) pyrite-chalcopyrite-pyrrhotite sulphides;Sixteen (16) saw cut, continuous channel samples of sulphide mineralization collected and submitted for gold and base metal analysis;Multiple, fine-grained pegmatite outcrops similar to those described elsewhere in the district that have been confirmed as lithium-cesium-tantalum pegmatites, prospective for Li2O;Nine (9), saw cut, continuous channel samples of pegmatite collected and submitted for analysis;Confirmed limits of Root Bay Pluton, a peraluminous quartz-mica granite intrusion that may be the source for LCT pegmatites to the west, and;Confirmed road access throughout the entire property in advance of 2023 field programs. Reconnaissance mapping and sampling at Surge has identified multiple pegmatite outcrops on trend to known lithium-cesium-tantalum (\"LCT\") type pegmatites reported on the adjacent Root Property owned by Green Technology Metals Ltd. (\"GT1\"). GT1 has identified LCT pegmatites over an inferred 10 kilometre, east-west trend, parallel to the St. Joseph Fault (\"SJF\"), a regional geological break between the Uchi and English River geological sub-provinces. The SJF bisects the Surge property, extending for over 9.0 kilometres across the northern part of the claims (Ref. Figure 1).GT1 is currently drilling to increase the McCombe lithium deposit, 14 kilometres to the west of Surge, with a historical resource of 2.3 million tonnes averaging 1.3% Li2O (REF Ontario Geological Survey Open File Report 6180 (2006) Table 14 - page 46). The objective of GT1's current drilling program is to expand the McCombe resource. In a press release dated November 22, 2022, GT1 reported a number of drill intercepts, including 8.0 metres averaging 1.72% Li2O. GT1 also indicated LCT pegmatites that extend for over 300 metres at Root Bay, approximately 2.0 kilometres west of the Surge property, with grab samples assaying up ...