VANCOUVER, BC / ACCESSWIRE / May 16, 2022 / Musk Metals Corp. ("Musk Metals'' or the "Company'') (CSE:MUSK) (OTC:EMSKF) (FSE:II30) is pleased to announce it has completed the planning of a fourth exploration program for Phase 1, on it's 100% owned "Elon" lithium project in Quebec. Permit approval is currently pending, exploration work is expected in mid-June to early July, targeting ten anomalies that will be trenched, mapped, and sampled for lithium-rich spodumene. Dynamic Discoveries Geosciences was mandated to identify targets using topographic imagery (LiDAR), cross referenced with a high resolution heliborne magnetic survey (2021) and DEM. Possible surface dykes cross cutting the interpreted intrusions, concordant with till anomalies which show a context alike the Quebec Lithium Mine located 600m south-west of the Elon Lithium Property (the ‘'Property'').
The Program
The Company is expected to trench 250 meters out of the 560-meters of proposed planning. Trenches will be 2m wide, overburden depth is estimated at 0 to 3 meters. Fifty (50) meters of channel sampling is expected, which will be determined following surface mapping once bedrock is exposed. Target priorities are set according to where the bedrock is superficial which is somewhat concordant to outcrop geochemical anomalies rich in lithium, tantalum, and yttrium. Unexplored targets in the present program will be subject to future exploration work, such as shallow drilling or further trenching.
| Priority | TRENCH ID | LENGHT (m) | DEPTH (m) | OVERBURDEN (m3) | TARGET DESCRIPTION |
1 | T3 | 30 | 1 - 2 | 284.67 | Interpreted pegmatite dyke using DEM-high and cross-referenced with LiDAR topographic imagery. Two blocs down-ice returned highest Li values of Fall 2021 prospection survey. |
1 | T4 | 83 | 1 - 3 | 767.79 | Possible pegmatite dyke swarm, identified with Low Mag, high DEM and cross-referenced with LiDAR topographic imagery. |
1 | T5 | 37 | 1 - 3 | 349.38 | Interpreted pegmatitic dyke, 150 meters up-ice from ‘'Zone A'' which returned highest Li values in outcrop samples, including one value at 101ppm Li |
1 | T9 | 62 | 2 - 3 | 574.11 | Possible pegmatite dyke swarm interpreted with Low Mag, high DEM and cross-referenced with LiDAR topographic imagery. |
2 | T1 | 38 | 0 - 1 | 357.03 | Possible pegmatite dyke identified with high DEM. Trench is located 150m NW from ‘'Zone B'' which returned samples with Li values twice the average for basalts. |
2 | T2 | 67 | 0 - 1 | 623.61 | Interpreted pegmatite dyke swarm in a low Mag, which is concordant with ‘'Zone C'' anomalous sector a cluster of 20-30ppm Li in boulders. |
2 | T7 | 86 | 2 - 3 | 791.1 | Interpreted pegmatitic dyke swarm, 300 meters up-ice from ‘'Zone A'' which returned highest Li values in outcrop samples, including one value at 101ppm Li. Dyke swarm would be in inner zone of interpreted intrusion. |
3 | T8 | 41 | 2 - 3 | 383.13 | Possible pegmatite dyke identified with high DEM. Pegmatite dyke would be in inner zone of interpreted intrusion. |
3 | T6 | 78 | 1 - 2 | 718.92 | Interpreted pegmatitic dykes, 100 meters up-ice from ‘'Zone A'' which returned highest Li values in outcrop samples, including a value at 101ppm Li |
3 | T10 | 46 | 2 - 3 | 428.04 | Possible pegmatitic dykes identified with high DEM, and possible dyke swarm identified with Low Mag. Cross referenced with LiDAR topographic imagery. |
The current program is expected to complete trench T1 to T5, T7 and T9.
The Property
The Elon Property is strategically located in Abitibi, Qc at approximately 600 meters northeast of the North American Lithium Project, formerly known as Mine Québec Lithium, which produced over 907,000 tons of material at 1.40% Li2O between 1955 and 1965 (Boily et al, 1989).
Figure 1: LiDAR Digital Elevation Model
Figure 2: Li anomalies in outcrops over J. Dubé Mag survey interpretation
Qualified Person
This press release was prepared by Steven Lauzier, P.Geo OGQ who is a qualified persons as defined under National Instrument 43-101, and who reviewed and approved the geological information provided in this news release.
About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada's top mining jurisdictions. The growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific "Electric Avenue" pegmatite field of northwestern Ontario, the "Abitibi Lithium Camp" of southwestern Quebec, the "Golden Triangle" district of British Columbia, the Mineral Rich "Red Lake" mining camp of Northwestern Ontario and the "Chapais-Chibougamau" mining camp, the second largest mining camp in Quebec, Canada.
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ON BEHALF OF THE BOARD
Nader Vatanchi
CEO & Director
For more information on Musk Metals, please contact:
Phone: 604-717-6605
Corporate e-mail: [email protected]
Website: www.muskmetals.ca
Corporate Address: 303 - 570 Granville Street, Vancouver, BC, V6C 2P1
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans of the Company. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including that the Company may use the proceeds of the Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
References
Bossé, J., Pelletier, P.-A., Leroux, Z. 2022. 2021 Follow-up Report on the Elon Lithium Property, La Corne and Fiedmont Township, Québec, Canada.
Pelletier, P.-A., Lauzier, S. 2022. Musk Metals Announces Results of a Prospection Follow Up and New Geophysical Interpretations on Its 100% Owned "Elon" Lithium Project in Quebec, Canada. https://feeds.issuerdirect.com/news-release.html?newsid=8570378297632587
Dubé, J, 2022. Geophysical review of the Elon Property. Dynamic Discovery Geoscience Ltd for Musk Metals Ltd. Unpublished memo.
Dubé, J., 2021. Technical report, high-resolution heliborne magnetic survey, Elon Lithium property. Dynamic Discovery Geoscience Ltd for for Musk Metals Ltd. GM 72093, 24p. 4 maps
SOURCE: Musk Metals Corp.