New Age Metals Inc. Continues to Expand Manitoba Lithium Portfolio
New Age Metals Inc. reported that it has acquired 19,321 hectares of mineral exploration license (MEL) area at McLaughlin Lake, Manitoba.
The newly acquired property is in Northern Manitoba’s Oxford Lake – Knee Lake Greenstone belt (figure 1) which is underexplored for LCT Pegmatites. All the claims are held by Lithium Canada Development, a 100% owned Lithium Division of New Age Metals. The Company is looking to find a strategic partner to advance the project to a drill ready stage.
Spodumene-bearing pegmatites have been historically documented at McLaughlin Lake. A channel sample taken across the main dike assayed 1.32% Li2O over 1.52m. More recent whole-rock sampling conducted by the Manitoba Geological Survey (MGS) on this dike assayed 1.64% Li2O3. The dike was traced at surface for a reported length of 400 meters and varies in thickness from 1.2 – 2.2 meters.1
Spodumene forms up to 40% of the dike locally with individual crystals noted to be up to 35 centimeters long and 7 centimeters wide.
In a later report by Barry (1962), a second spodumene-bearing dike was described ~20 meters west of the main showing. Two representative grab samples taken from a second spodumene bearing dike in the area assayed 2.87% and 0.98% Li2O.
The pegmatite has an exposed width of up to one meter and was traced for 10 meters before disappearing under overburden. The nearby and related Magill Lake pluton contains abnormally high Rb (8 samples range from 238 to 692 ppm Rb), and a high degree of fractionation is inferred; the associated pegmatites therefore have a potential for rare-element mineralization.
Analysis of regional till sampling conducted by the MGS returned coincident Li-Cs-Rb anomalies with the McLaughlin Lake pegmatite indicating an effective exploration tool and shows additional anomalies occurring west on the property that have yet to be investigated 2.
For Further Information
New Age Metals Inc.
59 Burtch's Lane
Rockport, Ontario K0E 1V0
Phone: +1-613-659-2773
Fax: 1-613-659-388
Email: info@newagemetals.com
https://newagemetals.com/
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