Peggy Group Lithium Property

Peggy Group Lithium Property

100% undivided interest in 15 contiguous mining claims comprising the Peggy Group Lithium property located approximately 80 km north of Sioux Lookout, in the province of Ontario 

The Property covers approximately 7,386 hectares (73.9 km2). It is located approximately 80 km north of Sioux Lookout, Ontario (Figure 1), is easily accessible year-round by way of well-maintained highway and logging roads, and features good outcrop exposure. The Property is located 8 km south of the McCombe-Root Lithium project owned by Green Technology Metals (ASX: GT1), which has announced high grade lithium results from their 24,000 m drill program on the project in recent months, new spodumene bearing pegmatite dyke discoveries in the area of the project, and the commencement of baseline environmental studies, all of which highligh the importance of this emerging pegmatite field. The McCombe-Root Lithium project has a historic resource of 2.297 Mt grading 1.3% Li2O (Mulligan R., Geological Survey of Canada, 1965).

Figure 1 – Regional Location of Peggy Group Lithium Property

Figure 2 –Location of Peggy Group Lithium Property located North of Sioux Lookout

Figure 3 – Regional Geology

Craig Gibson, President & CEO commented, “The Peggy Group Lithium property is an exciting addition to our growing portfolio of lithium properties and other mineral assets. The Property is hosted within metasediments in contact with muscovite bearing granitic rocks, a peraluminous S type fertile parental granite. Metasediments make excellent hosts for lithium bearing pegmatites.”