North Trout Lake Lithium Property

North Trout Lake Lithium Property

100% undivided interest in the 179 contiguous mining claims covering approximately 3,490 hectares (34.9 km2) comprising the North Trout Lake lithium property located approximately 30 km southwest of Sandy Lake, in the province of Ontario. 

The Property is located approximately 9.5 km east of the Company’s other lithium properties (totaling 2,220 hectares) in the Borland Lake, Favourable Lake, and Gorman River areas of Northwestern Ontario, approximately 37 km north of Frontier Lithium Inc.’s (TSXV:FL) PAK and Spark deposits, and approximately 15 km north of Frontier Lithium’s spodumene-bearing pegmatite at Pennock Lake (see Figure 1). The Pak deposit has a mineral resource of measured, indicated, and inferred categories of 9.3Mt (million tonnes), averaging 2.06% Li2O and the Spark deposit has a mineral resource estimate of 14.4Mt, averaging 1.4% Li2O (Frontier Lithium Inc., NI 43-101 Technical Report, PAK Project, PAK, Red Lake Mining District, Ontario, Canada, prepared by BBA with an effective date of April 5, 2021). Frontier Lithium also recently announced a significant expansion of its Pennock Lake pegmatite, with three grab samples grading 1.7%, 1.7% and 3.0% Li2O.  

Allan Frame, the new President and CEO of Beyond Lithium commented, “This acquisition is consistent with our disciplined approach of (i) focusing on quality assets for which extensive geological data is available, (ii) maintaining financial discipline with regards to terms and conditions of our acquisition, (iii) concentrating on Ontario assets, while being open to strategic transactions in other jurisdictions and (iv) maintaining a share structure that is favorable to value creation for our shareholders.” He added, “Lithium’s footprint in the area now totals 5,710 hectares of carefully selected land. We will shortly be putting in place a comprehensive exploration program to begin as soon as practically possible.”

Figure 1 – Location of North Trout Lake Lithium Property

The Pennock Lake spodumene-bearing dike is hosted within a granitic intrusive (granite, granodiorite, tonalite). Pegmatite dikes on the Property are mapped as being hosted within a large granodiorite sill that is up to 2.4 km wide. The Property covers approximately 12 km of strike length of the granodiorite sill (see Figure 2). The granodiorite sill is reported to contain numerous pegmatite dikes, varying in size from narrow to 50 ft in width, that occupy up to 25% of the sill by volume near the center of the sill (Ayres, 1974). At least one white pegmatite is mapped as being hosted within mafic metavolcanics on the Property.

Figure 2 – Regional Geology

Figure 3 – Trout Lake Property Highlights