Xplore Resources acquires new lithium properties in Root Project area, NW Ontario

Xplore Resources Corp.  announces entering into an option agreement with arms' length parties to acquire a 100% interest in five additional prospective lithium properties in the Root project area in northwest Ontario. The new properties expand the company's land position in Ontario by 11,000 ha, for a total of 18,800 ha.

Acquisition Highlights

• The Root North and Root Falls Properties are comprised of 14 unpatented mineral claims and expand the land position at the Surge Project by 2,600 ha.

• The Cathy Creek Property is comprised of six unpatented mineral claims totaling 2,600 ha. The property is underlain by metasediments and is located 1.5 km from the boundary of the Rooth South Pluton, a peraluminous S-type fertile granite.

• The Raggy Creek and Aerial Lake Properties are each comprised of six unpatented mineral claims for a total of 5,800 ha. These properties are located in the English Rivier Subprovince and underlain by metasediments and peraluminus S-type granites. The Raggy Creek property is located 10 km from the terrain boundary between the Uchi Subprovince and the English River Subprovince.

 

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