- Beyond Lithium (CSE:BY) has acquired a total interest in 279 non-contiguous mining claims totaling 93.7 square kilometres in Ontario
- This acquisition results in a significant expansion of three of its optioned properties known as the Ogani Lake, Maytham and Superb Lake North, as well as the acquisition a new property named Sydere
- Rare-element mineralization in this region has not been investigated in detail since the 1950s
- Beyond Lithium Inc. last traded at $0.34 per share
Beyond Lithium (CSE:BY) has acquired a total interest in 279 non-contiguous mining claims totaling 93.7 square kilometres.
This acquisition results in a significant expansion of three of its optioned properties known as the Ogani Lake, Maytham and Superb Lake North, as well as the acquisition a new property named Sydere. The properties are all located in Ontario.
The Ogani Lake Project is 30 km northeast of the company’s Ear Falls Project and was expanded to 51.7 square km after beryl was found in several pegmatites, which indicates the source of the pegmatites is abundant with the right rare-earth fluid composition for the potential of lithium-cesium-tantalum mineralization in pegmatites.
The Maytham Lake and the Superb Lake Projects are along the Wabigoon-English River boundary zone that has been known for rare-element mineralization with more than a 130 km strike length. Rare-element mineralization in this region has not been investigated in detail since the 1950s. Beyond Lithium completed the Phase 1 program at the two projects earlier this season. Assays from the Phase 1 program at the Superb Project show local clusters of elevated lithium.
The staking for these expansions and Sydere were conducted by Bounty Gold Corp. and Last Resort Resources Ltd. on behalf of Beyond Lithium.
“The expansion of three of our properties comes on the heels of our Phase 1 exploration program results,” the company’s president and CEO, Allan Frame, said in a news release. “We have now moved 17 projects to Phase 2 exploration and expanded three properties, in addition to the expansion of the Ear Falls project announced earlier this week. The upcoming results from our Phase 2 programs, plus pending results from Phase 1 exploration on several properties will dictate which projects will we dedicate exploration dollars to later this year and in 2024.”
Beyond Lithium Inc. is the largest greenfield lithium exploration player in Ontario and owns 64 greenfield lithium properties totalling more than 1,500 square km.
Beyond Lithium Inc. last traded at $0.34 per share.
Join the discussion: Find out what everybody’s saying about this stock on the Beyond Lithium Inc. stock forum discussion, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
