Subscribe
Be the first with the news that moves the market- Weekapaug Lithium Ltd. (CSE:GRUV) will commence a phase one exploration program at its Nakina lithium property
- The comprehensive multi-phase plan aims to further determine the property’s economic potential
- The first phase will generate a comprehensive report and dataset, including detailed and concise maps, figures, and images building on recently collected and historical data
- Weekapaug Lithium Ltd. (GRUV) opened trading at $0.02 per share
Weekapaug Lithium Ltd. (CSE:GRUV) will commence a phase one exploration program at its Nakina lithium property.
The comprehensive multi-phase plan aims to further determine the property’s economic potential.
The company has engaged Planet X Exploration Services Ltd. to undertake the exploration program. Phase one is expected to last two months and begin on July 1st, 2023. Initial exploration and mapping will investigate the mineralization potential of S-type granites and lithium-cesium-tantalum (LCT) pegmatites.
The geology around the property has yet to undergo systematic geological and mineralogical work directed at mineralization associated with the local rare-element pegmatites and related S-type, peraluminous granites.
The first phase will generate a comprehensive report and dataset, including detailed and concise maps, figures, and images building on recently collected and historical data. Combined with geochemical sample results, comprehensive data will be used to produce a target-generation model for further evaluation and testing in the second phase.
Weekapaug’s CEO and Director, Marc Branson commented on the news.
“We are thrilled to commence our Phase One program, this is an important milestone for the Company. With our amalgamation complete, Weekapaug is fully dedicated to exploring the economic potential of LCT pegmatites at Nakina. We have partnered with exploration service provider Planet X to help us define our Phase One targets while adhering to the highest responsibility and sustainability standards.”
Weekapaug Lithium Ltd holds a 100 per cent interest in the Naikina Lithium Property located in northern Ontario. The company is focused on exploring and developing its mineral properties.
For the latest on what’s happening in the metals and mining sector, click here.
Weekapaug Lithium Ltd. (GRUV) opened trading at $0.02 per share.
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.
