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Be the first with the news that moves the market- Minnova Corp. (MCI) has identified potential for lithium-cesium-tantalum (LCT) pegmatites at the PL Mine
- First pass query of the PL Mine project development database returned over 200 pegmatite intercepts ranging in width from 0.1 metres to over 19.0 metres
- Also, the company has granted a total of 1,500,000 options to purchase common shares of the company to certain directors, officers, employees and consultants
- Minnova Corp. is an evolving cleantech company building a worldwide pipeline of green energy projects
- Minnova Corp. (MCI) was up 7.143 per cent, trading at C$0.075 at 10:47 AM ET
Minnova Corp. (MCI) has identified potential for lithium-cesium-tantalum (LCT) pegmatites at the PL Mine in Manitoba.
The increasing demand for lithium and other critical minerals prompted a review of all technical records at the PL mine.
First pass query of the PL Mine project development database returned over 200 pegmatite intercepts ranging in width from 0.1 metres to over 19.0 metres.
Pegmatite dykes have also been reported during surface geological mapping programs well beyond the limits of the PL deposit drill hole database.
All previous exploration, development and operations have focused on delineating and expanding the gold-mineralized structures that host the PL Mine resource and exploration for additional gold-mineralized structures.
The company conducted a literature review on LCT pegmatite depositional models, which supported an initial program of relogging and sampling of a selection of pegmatite intercepts from the drillhole database.
A total of 15 lithogeochem samples were collected and submitted to SRC Geoanalytical Laboratories. Geochemical results were encouraging, returning up to 24 ppm lithium in core samples while relogging identified two distinct pegmatite mineral assemblages.
“The combination of favourable geology/host rocks, high concentration of untested pegmatite dykes and encouraging results from our initial re-logging and sampling program support additional fieldwork and sample collection,” said Gorden Glenn, CEO.
“We intend to design an expanded program of core sampling, surface mapping, geochemical sampling, mineralogy, petrography and trace element studies to identify lithium-bearing minerals (spodumene and petalite) and pathfinder elements to fully test the potential for PL to host economic LCT pegmatite mineralization,” he added.
Furthermore, the company has granted a total of 1,500,000 options to purchase common shares of the company to certain directors, officers, employees and consultants. The options are exercisable at a price of $0.08 per common share for a period of 5 years.
Minnova Corp. is an evolving cleantech company building a worldwide pipeline of green energy projects.
Minnova Corp. (MCI) was up 7.143 per cent, trading at C$0.075 per share at 10:47 AM ET.
