- Coloured Ties Capital (TIE) has provided an update regarding its recent activities
- The company had purchased 108 mineral claims from prospectors, in the Cadillac-Pontiac region, about 50 km southwest of Val-d’Or, Quebec, which provides for a sizeable lithium exploration target
- Coloured Ties has also acquired a total of 3 million shares in privately held Hertz Lithium Inc., which holds the Lucky Mica Lithium property, 114 contiguous lode mining claims
- Coloured Ties Capital Inc. (TIE) was unchanged at $0.31 at 12:35 pm ET
Coloured Ties Capital (TIE) has provided an update regarding its recent activities.
The company had purchased 62 mineral claims from prospectors, in the Cadillac-Pontiac region, about 50 km southwest of Val-d’Or, Quebec.
It has recently acquired another 46 mineral claims, which provides for a sizeable lithium exploration target and the company will seek to monetize this asset.
The company will continue to monitor exploration activity and results obtained from adjoining projects and develop an exploration plan within the area. As per the initial plan, Coloured Ties is compiling detailed geological data of the area.
The Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. Coloured Ties is investigating the potential of spinning the newly acquired lithium project into a public entity.
Coloured Ties has also acquired a total of 3 million shares in privately held Hertz Lithium Inc., which holds the Lucky Mica Lithium property, 114 contiguous lode mining claims.
According to its technical report, Hertz now has sufficient information and data required to proceed with further exploration work with the objective of finding potential mineral resources on the property.
Coloured Ties Capital Inc. (TIE) is engaged in the exploration of near-surface phosphates, potash and other minerals, and potential development of a fertilizer project in Peru.
Coloured Ties Capital Inc. (TIE) was unchanged at $0.31 at 12:35 pm ET.
