Source: Ophir Gold Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Ophir Gold Corp. (OPHR) is preparing for a surface exploration program at its Radis Lithium Property in Québec
  • This surface work will build the foundation of a potential fall drill program, which would be the first known to specifically target Lithium-Cesium-Tantalum pegmatites at Radis
  • The property is made up of 152 claims over 78.5 sq. km., and the greenstone belt over the area has one known prospective lithium pegmatite
  • Ophir Gold Corp. (OPHR) is up 4.35 per cent, trading at $0.24 per share as of 11:45 a.m. ET

Ophir Gold Corp. (OPHR) is preparing for a surface exploration program at its Radis Lithium Property in Québec.

The spring/summer 2023 surface exploration program will include mapping and sampling of the historically documented lithium pegmatite occurrence at Radis, as well as prospecting and rock sampling throughout the Yasinski Greenstone Belt, which underlies the majority of the property.

This surface work will build the foundation of a potential fall drill program, which would be the first known to specifically target Lithium-Cesium-Tantalum (LCT) pegmatites at Radis.

The property is made up of 152 claims over 78.5 sq. km., and the greenstone belt over the area has one known prospective lithium pegmatite.

The property is 10 kilometres from an all-season road and hydropower infrastructure corridor in the James Bay region of Québec.

Within the same trend on the same greenstone belt is more spodumene pegmatite occurrences coming from the nearby Mia Property. Ophir Gold believes these occurrences extend towards its Radis Property.

The company signed a service agreement with Dahrouge Geological Consulting Ltd. to evaluate and compile historical data.

Jody Dahrouge of Dahrouge Geological, commented,

“We are very excited to continue our working relationship with Ophir, extending it to the highly prospective Radis Property, which has never seen any significant exploration for LCT pegmatites. The Property is close to hydropower and road infrastructure. It covers parts of the highly prospective Yasinski Greenstone Belt, which is host to several LCT pegmatites along trend to the west on the adjacent Mia Property held by Q2 Metals Corp. The lithium pegmatites discovered to date within the Yasinski Greenstone Belt at Mia and at Radis suggest good potential for a large scale and highly fertile mineralizing system.”

The company has the option to earn a 100 per cent interest in the Radis Lithium Property over a three-year period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Ltd. (TSX:FURY).

Ophir Gold Corp. (OPHR) is a gold exploration company focused on developing its flagship property, Breccia Gold Property, located in Lemhi County, Idaho.

Ophir Gold Corp. (OPHR) is up 4.35 per cent, trading at $0.24 per share as of 11:45 a.m. ET


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.