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New Energy Metals begins exploration on Roslyn lithium property

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| October 27, 2023

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  • New Energy Metals Corp. (TSXV:ENRG) has begun exploration activities at the Roslyn lithium property in Ontario
  • The Canadian resource company has mobilized field crews who are conducting mapping, prospecting and sampling
  • The project is within the Georgia Lake Pegmatite Field located 50 kilometres northeast of Nipigon and is composed of eight mining claims (195 cells) covering 42.1 square km
  • New Energy Metals Corp. last traded at $0.02 per share

New Energy Metals Corp. (TSXV:ENRG) has begun exploration activities at the Roslyn lithium property in Ontario.

The Canadian resource company has mobilized field crews who are conducting mapping, prospecting and sampling.

Field prospecting activities across the claim block will involve the systematic examination and sampling of the potential fertile granitic pegmatite dykes for lithium and other rare elements.

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Source: New Energy Metals Corp.

The project is within the Georgia Lake Pegmatite Field located 50 kilometres northeast of Nipigon and is composed of eight mining claims (195 cells) covering 42.1 square km.

The Georgia Lake Pegmatite Field represents the largest concentration of rare-element mineralization in northwestern Ontario and is being explored and developed by Rock Tech Lithium Inc. (TSXV:RCK), Imagine Lithium Inc. (TSXV:ILI) and Ultra Lithium Inc. (TSXV:ULT).

Click to enlarge
Source: New Energy Metals Corp.

“The Georgia Lake Pegmatite Field is not confined to its initial 2008 limits,” New Energy CEO Rishi Kwatra said in a news release. “Recent lithium and rare element-bearing pegmatites discovered by Pegmatite One at Frazer Lake, Solstice Gold at its Frazer Lake property and Forgan Lake by Ultra Lithium provide merit that the entire region within the Quetico Subprovince hosts potential for lithium mineralization. The Roslyn lithium property is no exception.”

New Energy Metals Corp. is engaged in the acquisition and exploration of mineral exploration properties in mineral deposits.

New Energy Metals Corp. last traded at $0.02 per share.

Join the discussion: Find out what everybody’s saying about this stock on the New Energy Metals Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

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.




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