Source: MLK Gold Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • MLK Gold (MLK) has added a second lithium asset to its growing portfolio of properties
  • The new mineral licence consists of 100 mineral claims having highly prospective potential for critical metal mineralization
  • The company plans to complete a full assessment of these claims starting in Q2 2023
  • MLK Gold Ltd. (MLK) is currently trading at $0.03 per share

MLK Gold (MLK) has added a second lithium asset to its growing portfolio of properties.

This property is located approximately 18 kilometres due east of the high-grade Kraken lithium and cesium discoveries made by the Benton Resources-Sokoman Mineral Alliance. The new mineral licence consists of 100 mineral claims having highly prospective potential for critical metal mineralization.

The company plans to complete a full assessment of these claims starting in Q2 2023.

The company’s President and CEO, Paul Smith (P. Geo.), stated that only three previous exploration companies have carried out historical work in the area, apparently for uranium, but no reports were filed with the government.

“Based on preliminary examination of the Burgeo granite elsewhere to the south, the company believes there is significant potential for critical metal-bearing pegmatite development in this region.”

He also noted that previous government and academic research indicated that although pegmatite dikes have been found, based on the team’s preliminary field examination, their abundance has been dramatically understated. In addition, the company also knows that numerous quartz-tourmaline±pyrite veins resembling Marathon Gold’s Valentine Lake deposit located 50 kilometres to the north have not been thoroughly prospected or mapped.

MLK Gold’s Chairman of the Board, William Fleming, added that this marks another advance in the company’s strategy to enhance its critical minerals portfolio, and where better to do this than on the front step of Newfoundland’s first significant discovery of high-grade lithium and cesium mineralization made by the Benton-Sokoman Alliance.

The company is also continuing exploration at its flagship Caledonia Brook property, where it intends to follow up on the anomalous rock, soil, and glacial till sampling during earlier programs. This work is expected to commence in June and be completed by end of August 2023.

MLK Gold Ltd. is a Canadian precious and critical metal exploration company offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential.

MLK Gold Ltd. (MLK) is currently trading at $0.03 per share.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.