Ontario’s newest explorer to acquire lithium project

• Lion Rock Resources (TSXV:ROAR) has signed an option agreement to acquire the Revell Lithium Project in Ontario
• The project is located 25 kilometres east of the Township of Ignace and consists of 112 claims covering 23.5 sq. km
• The Revell Lithium Project lies on trend of the Raleigh Lake pegmatite field, which hosts the Raleigh Lake Lithium-Rubidium deposit
• Lion Rock Resources Stock (TSXV:ROAR) opened trading at $0.13 per share

Lion Rock Resources (TSXV:ROAR) has signed an option agreement to acquire the Revell Lithium Project in Ontario.

The project is located 25 kilometres east of the Township of Ignace, and consists of 112 claims covering 23.5 sq. km.

The Revell Lithium Project lies on trend of the Raleigh Lake pegmatite field, which hosts the Raleigh Lake Lithium-Rubidium deposit. It is underlain by prospective S-Type granite and felsic to intermediate metavolcanics.

Nearby projects include the Raleigh Lake Lithium Project, where a recently announced mineral resource estimate included 2.3 Mt at 0.64 per cent Li2O (Measured and Indicated) and 3.9 Mt at 0.58 per cent Li2O (Inferred).

The company will commence a comprehensive exploration campaign this summer, initially focusing on prospecting, mapping and sampling pegmatites at the Revell Lithium Property.

Under the agreement, the company will deliver 1.6 million common shares once the TSX Venture Exchange accepts the agreement and pay $150,000 on or before six months after it is accepted. Lion Rock will also provide 2 million shares and $100,000 by the first anniversary of the TSX Venture’s acceptance of the deal.

Lion Rock Resources Inc. is northwestern Ontario’s newest gold‐copper explorer whose flagship property, the Maybrun, is a past‐producing mine (Maybrun gold‐copper deposit). The company recently appointed director R. Dale Ginn as President and Chief Executive Officer. Click here to read more.

Lion Rock Resources Inc. (ROAR) opened trading at $0.13 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.