- Caprock Mining (CSE:CAPR) discovered lithium-bearing mineral zinnwaldite during prospecting and sampling at its Newfoundland Ackley property
- Ackley comprises three claim blocks that collectively span an area of 45.5 square kilometres, with potential to host lithium-tin-molybdenum-rare earth elements (REEs)
- Historical work at Ackley returned assays of up to 0.91 per cent lithium oxide, however the specific lithium-bearing mineral was never identified until an internal assessment of recently obtained samples by Caprock’s technical team
- Caprock Mining Corp. opened trading $0.045 per share
Caprock Mining (CSE:CAPR) discovered lithium-bearing mineral zinnwaldite during prospecting and sampling at its Newfoundland Ackley property.
Located in the southeastern portion of the province, Ackley comprises three claim blocks that collectively span an area of 45.5 square km., with potential to host lithium-tin-molybdenum-rare earth elements (REEs).
“Historical work at Ackley returned assays of up to 0.91 per cent lithium oxide, however the specific lithium-bearing mineral was never identified until an internal assessment of recently obtained samples by Caprock’s technical team,” Caprock’s CEO, Vishal Gupta, said in a news release. “We are very excited by this discovery, since we believe that it is much easier and a lot less capital-intensive to produce lithium hydroxide from zinnwaldite than from the highly sought-after mineral, spodumene.”
He added that while it is still early days in our exploration work at the property, initial prospecting work indicates a potential for extensive zinnwaldite mineralization related to the large zone between the granite complex, and metasediments and volcanics over which the claim blocks lie.
Zinnwaldite is a potassium-lithium-iron-aluminum-silicate-hydroxide-fluoride phyllosilicate mineral. Zinnwaldite ore (pictured in the sample above) is the least energy-and capital-intensive hard rock mining alternative to a lithium-brine operation with respect to the production of lithium hydroxide. The team explained that where spodumene concentrate must undergo two separate “high temperature” roast cycles prior to the production of lithium hydroxide, zinnwaldite concentrate must only undergo a single “medium temperature” roast cycle to produce lithium hydroxide.
Caprock Mining Corp. is a Canadian mineral exploration company focused on exploring battery metals in Newfoundland and precious metals in Ontario. The company has an option to earn a 100 per cent interest in the Ackley lithium-tin-molybdenum-REEs property located on the Burin Peninsula in south-eastern Newfoundland. The company’s 100 per cent interest in several gold exploration properties gives it a significant landholding in Ontario’s Beardmore-Geraldton Gold Belt.
Caprock Mining Corp. opened trading $0.045 per share.
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