Canadian Lithium Projects
About the Canadian Assets
The Projects comprises granted mining claims covering a total area of ~ 124km2 in the James Bay, Abitibi and NW Ontario regions (Figure 1).
Three of the projects (Pontax East, Walrus Island and Le Moyne) are located in prospective Archean granite-greenstones of the James Bay region of Quebec, which contains the Corvette (Patriot Battey Metals, ASX:PMT), Whabouchi (Nemaska Lithium, TSE:NMX) James Bay (Allkem, ASX:AKE) and Rose (Critical Elements, TSX-V:CRE) lithium projects.
The Eades Project is located in the Abitibi granite greenstone belt in the Kirkland Lake region of Ontario, ~ 200km west of the Abitibi Lithium Hub of Sayona Mining (ASX:SYA). The lithium target area of the Eades project is geologically similar to that of the Case Li-Cs Project of Power Metal Corp (TSX-V:PWM), which is 15km northwest.
The Hailstone Project is the fifth area in Northwest Ontario, which covers granite-greenstones of the Confederation-Uchi Greenstone Belt of the Red Lake Mining District of NW Ontario, and near the Root Lithium Project of Green Technology Metals (ASX: GT1). The Red Lake and nearby Thunder Bay Mining districts are an active area of lithium exploration and project development.
The proximity of the Project to the other projects referred to above does not infer that the Company will be able to achieve similar exploration or mining success.
Exploration Program
The Company recently announced that lithium exploration is underway, with the first phase of the desktop geological studies completed. The study identified areas of interest for potential pegmatites on each of the 5 claim areas (Figure 1), which will be further investigated in the field. In addition, the organisation of logistics and stakeholder engagement with First Nations has been initiated and we look forward to building positive ongoing relations. Narryer has engaged consulting company CSA Global (part of the ERM Group) to assist in in its exploration efforts in Canada, utilising the services from both Perth and Toronto Offices. CSA Global has worldwide expertise in lithium exploration.
The Company anticipates initial fieldwork to begin next week, with the first program in Ontario. The geology team will mobilise from Toronto to the Eades Project in Abitibi region. The Company will then progress to the Hailstone Project (NW Ontario), where the company will access ground along existing linear infrastructure. Exploration of the James Bay projects (Pontax East, Le Moyle and Walrus Island) will then follow.
