Subscribe
Be the first with the news that moves the market- Sorrento Resources (CSE:SRS) is gearing up for a prospecting program at its PEG Lithium Project in Newfoundland
- Planet X will complete the prospecting program for the company
- The property consists of one mineral license spanning an area of 4,525 hectares
- Shares of Sorrento Resources are down 2.04 per cent to C$0.24 as of 9:54 a.m. ET
Sorrento Resources (CSE:SRS) is gearing up for a prospecting program at its PEG Lithium Project in Newfoundland.
In a news release, the Vancouver-based exploration company said Planet X will complete the prospecting program.
Sorrento said the program will include prospecting, mapping and sampling of pegmatites and host rocks to determine the degree of pegmatite fractionation and any lithium mineralization present.
The results will then be used as exploration vectors for future work programs on the property.
According to Sorrento Resources, the PEG Lithium Property has the potential for lithium-cesium-tantalum (LCT) pegmatite mineralization with one of the only known lithium anomalies in Newfoundland – the “Snowshoe Pond Occurrence.”
The Snowshoe Pond Occurrence has lithium values of up to 399.4 ppm taken from coarse-grained pegmatite containing light green colored muscovite.
“The property has been relatively underexplored and hosts the first recognized Lithium occurrence in Newfoundland,” Brayden Sutton, CEO of Sorrento Resources, said in a statement. “The project represents an opportunity to discover new areas of Lithium mineralization with the help of the Planet X team.”
Sorrento Resources is focused on the acquisition, exploration and development of mineral property assets in Canada.
Shares of Sorrento Resources are down 2.04 per cent to C$0.24 as of 9:54 a.m. ET.
Join the discussion: Find out what everybody’s saying about this stock on the Sorrento Resources Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
