Staff Writer | August 25, 2023 |
James Bay region, Quebec – Image courtesy of Wikimedia Commons
Rio Tinto Exploration Canada has started a lithium exploration programme on Midland Exploration’s (CVE: MD) Mythril area and Galinée projects in the Eeyou Itschee James Bay region of Québec.
The region is currently experiencing a rush of exploration targeting lithium pegmatites.
The Mythril Regional projects are located approximately 12 to 50 kilometers of lithium pegmatites discovered at Patriot Battery Metals’ Corvette project. An initial calculation of Patriot’s CV5 spodumene pegmatite resources yields inferred resources of 109.2 million tonnes at 1.42% Li2O.
Mythril consist of 730 mining claims covering 370.1 square kilometers.
The Galinée project is located approximately 4 kilometers east of the lithium pegmatites discovered at Adina and reported by Winsome Resources. The project consists of 54 mining claims covering 27.7 square kilometers.
According to Midland Exploration, aligned with the Galinée project, lithium mineralization continues to be intersected by Winsome on the Adina project with up to 1.37% Li2O on 61.2 meters from 8.9 meters.
Shares of Midland Exploration rose 5.3% by midday in Toronto. The company has a market capitalization of C$41 million ($30 million).
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