Fox Tungsten Ltd. press release
Metal Energy adds new project as company set to begin hunt for lithium at SourceRock
TSXV - TSX Venture Exchange · Canada · M&A / Asset Transactions
(NewsDirect)
Metal Energy Corp CEO James Sykes joined Proactive's Steve Darling to share news the company has added to its portfolio with the acquisition of a lithium project in Northwestern Ontario called SourceRock.
The project aligns with Metal Energy's focus on exploring materials for electric vehicles. Sykes told Proactive this project is prospective for lithium and quite large covering 913 square kilometres. The project has numerous geological reasons supporting the high potential for lithium brines within the Sibley sedimentary basin of the Thunder Bay-Nipigon area. The land package also has some comparisons with Chile's Salar de Atacama.
SourceRock covers the deepest parts of the basin with sedimentary thickness ranging from 500 m to 1,000 m, enhancing lithium brine prospectivity. Sykes also told Proactive the company has exploration permits issued for preliminary target area of the original project and some proof of concept drilling is expected later this year.
Contact Details
Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
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