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Be the first with the news that moves the market- Opus One Gold Corp. (TSXV:OOR) will acquire a 100 per cent interest of a second property for lithium in James Bay, Québec
- The property is in the Eeyou Itschee Territory, a district that is currently being intensively explored for its lithium potential by mining companies
- A preliminary satellite evaluation of the area indicated the presence of several coloured rock formations that became exposed from recent wildfires and are consistent with the presence of pegmatite dykes
- Opus One Gold Corp. opened trading at $0.035 per share
Opus One Gold Corp. (TSXV:OOR) will acquire a 100 per cent interest of a second property for lithium in James Bay, Québec.
The property is in the Eeyou Itschee Territory, a district that is currently being intensively explored for its lithium potential by mining companies.
The Wemindji property is situated immediately to the west of the MIA Lithium discovery under Q2 Metals Corp. (TSXV:QTWO). It consists of one claim block covering 25.9 square kilometres. The MIA Lithium discovery consists of a series of spodumene bearing pegmatites along an axis that the team believes might continue onto the Wemindji property.
A preliminary satellite evaluation of the area indicated the presence of several coloured rock formations that became exposed from recent wildfires and are consistent with the presence of pegmatite dykes.
The company is preparing for a summer prospecting, mapping and sampling program on the Wemindji property and the recently acquired LaGrande property nearby. A field crew is expected to be mobilized in late July for the fully funded field program.
Opus One will pay C$40,000 to the property’s owners upon the closing of a future financing within the next six months, along with 4.25 million Opus One shares, valued at 0.05$ per share, and 1 million warrants exercisable at $0.10. All of this will be divided 50 per cent between the two claims’ owners.
Opus One Gold Corp. is a mining exploration company focused on gold and base metals deposits within strategically located properties in proven mining camps close to existing mines in the Abitibi Greenstone Belt, northwestern Québec and northeastern Ontario.
Opus One Gold Corp. opened trading at $0.035 per share.
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