- Medaro Mining (MEDA) released soil and rock sample results from their 2022 exploration work on the CYR South Lithium Property in northern Québec’s James Bay region
- The results indicate lithium values that were higher than expected in several pegmatites sampled across the property
- A total of 600 soil samples and 18 rock samples were collected as part of the work program
- Medaro Mining (MEDA) was trading at $0.265 per share
Medaro (MEDA) released soil and rock samples from 2022 exploration on the CYR South Lithium Property.
The results indicate lithium values that were higher than expected in several pegmatites sampled across the property. These pegmatites zones also show concurrent lithium anomalies in soil samples and will be further explored through trenching and drilling.
A total of 600 soil samples and 18 rock samples were collected as part of the work program. A total of 42.58-line kilometres of ground magnetic and VLF geophysical survey was also completed as part of this work program.
Rock samples assays show lithium values in the range of less than 15 parts per million (ppm) to 1,480 ppm, with five pegmatites sampled for higher lithium requiring follow up work of trenching and drilling.
Beryllium (Be) values were in the range of 6 ppm to over 5,000 ppm with six samples showing over 5,000 ppm.
Cesium values were in the range of 6 ppm to 1770 ppm, and rubidium (Rb) in the range of 3.2 ppm to 285 ppm.
Lithium values were in the range of less than 15 ppm to 73 ppm. A cluster of anomalies in the middle of the property is considered as a high value target for trenching and exploratory drilling.
Cesium values were in the range of 0.3 ppm to 26.6 ppm.
Niobium was from less than 2.4 ppm to 24.3 ppm, while tantalum was 0.3 ppm to 21.2 ppm.
Rubidium was in the range of 3.1 ppm to 127 ppm.
Several samples with higher cesium, niobium, tantalum, and rubidium values were concurrent with lithium anomalies.
Michael Mulberry, CEO of Medaro, commented on the news.
“The James Bay area is a prolific region for discovering high-grade lithium deposits with several new discoveries made recently. The company is planning to carry out trenching and diamond drilling programs on the identified targets.”
The company expects to advance the next stage of its exploration work based off the new information gained from the soil and rock sample program.
Medaro Mining is a lithium exploration company based in Vancouver, BC.
Medaro Mining (MEDA) was trading at $0.265 per share as of 1:00 pm ET.