Visible Gold Mines acquires 78 James Bay mineral claims
2022-03-10 16:36 ET - News Release
Mr. Martin Dallaire reports
VISIBLE GOLD MINES ACQUIRES 100% INTEREST IN 3,996 HECTARES OF LAND (40 SQ KM) ADJACENT TO PATRIOT BATTERY METAL LITHIUM'S DISCOVERY IN THE JAMES BAY REGION
Visible Gold Mines Inc. has acquired, by map designation, 100-per-cent-ownership interest in 78 mining claims covering 3,996 hectares (40 square kilometres) of mining land package directly bordering Patriot Battery Metals' latest lithium pegmatite discoveries (see Patriot's press release dated March 8, 2022).
The mining claims are located 3.25 kilometres southeast of the recent Corvette lithium discovery. Situated along the La Grande greenstone belt about 30 km from the La Grande 4 hydroelectric power plant, high-voltage power lines and airport, the property has the potential to host multiple deposit types. A technical compilation will be completed in the coming weeks followed by a field exploration program this summer.
Martin Dallaire, president and chief executive officer of Visible Gold Mines, stated: "Historically, the focus over this area was gold and base metals and amazingly numerous outcrop pegmatites were never evaluated nor sampled. Patriot confirmed the presence of numerous high-grade spodumene pegmatites while exploring for gold and base metals. This summer, during our first exploration phase, we will wear many hats!"
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