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Be the first with the news that moves the market- Q Battery Metals (QMET) has expanded its land holdings around the Quebec-based PegaLith project
- The company’s land holdings now cover an area of 1,409 hectares
- QMET believes the new claims have strong markers to help discover potential lithium
- The claims were originally staked to cover part of a belt that host prospective structures
- Additionally, the company is on track to begin exploration work on the PegaLith project this spring
- Q Battery Metals (QMET) is down 7.69 per cent, trading at $0.12 per share as of 2:38 p.m. ET
Q Battery Metals (QMET) has expanded its land holding around the Quebec-based PegaLith project.
The newly acquired claims have expanded the company’s land holdings to cover an area of 1,409 hectares. QMET believes the new claims have “strong geological and mineralogical” markers to help discover potential lithium.
According to the company, the claims were originally staked to cover part of a belt of that host prospective structures. Additional claims were then added to cover more of the belt while also adding more historic mineral showings to the land package.
Historic data to guide spring exploration
Nearby these claims are 12 historic recordings of small-scale mining, which was said to have produced upwards of 15,000 tonnes of material in the early 1900s. Moreover, the geologic summary for these historic mines suggests that the main rock characteristic is pegmatite or other intrusive rocks that may support a new deposit.
Additionally, QMET stated its geologic team is continuing to collect all available data for the PegaLith project to begin a 2023 phase one exploration program. The work is expected to start by late next month or early May and will initially focus on locating and sampling all known historic pegmatite bodies.
Q Battery Metals (QMET) is down 7.69 per cent, trading at $0.12 per share as of 2:38 p.m. ET.
