- Newpath Resources (CSE:PATH) has identified a hardrock lithium target on its Alpha/Bravo Project in northern Ontario
- The Vancouver company’s early-stage exploration program identified significant concentrations of lithium
- As of Nov. 7, more than 450 outcrops had been evaluated, including 131 pegmatite occurrences. A total of 116 grab samples and 24 channel samples were collected for analyses
- Newpath Resources last traded at $0.07 per share
Newpath Resources (CSE:PATH) has identified a hardrock lithium target on its Alpha/Bravo Project in Northern Ontario.
The Vancouver company’s early-stage exploration program has identified an area of highly fractionated pegmatite dyking containing key critical element indicator minerals, including coarse grained muscovite that a Laser Induced Breakdown Spectroscopy (LIBS) handheld scanner has identified significant concentrations of lithium.
The Hilltop Pegmatite Showing is the highest priority target and covers an area of interest centred on a broad area of Quetico metasedimentary and metavolcanic rocks in contact with a previously known S-type peraluminous granite where field crews had identified numerous sub-parallel pegmatite dykes.
The bulk of the field work at Alpha/Bravo this year was conventional “boot and hammer” prospecting and mapping by two-person prospecting crews. The crews have completed a first pass of the road accessible and exposed Quetico subprovince rocks on the western and southern half of the Alpha/Bravo utilizing the extensive road network on the project.
As of Nov. 7, more than 450 outcrops had been evaluated, including 131 pegmatite occurrences. A total of 116 grab samples and 24 channel samples were collected for analyses.
“Prior to beginning this grassroots exploration program, we knew from government archives that the project area covered favourable geology, a reported S-type peraluminous granite, over 170 historic pegmatite occurrences and numerous lakes that have yielded lake sediment samples with high concentrations of lithium, cesium, and rare earth elements,” Alex McAulay, CEO of Newpath Resources, said in a statement. “Today, we can say that field crews have discovered an area of highly fractionated pegmatites that demonstrate geochemistry indicating we are getting close to more lithium-rich, potentially mineralized pegmatites. Although we have had a successful exploration program, the onset of winter conditions has forced us to wrap up our field work for the year.
“We look forward to getting back to work in 2024 following the pegmatite system that we uncovered this summer. Newpath aims to continue to follow the geochemical trends that are leading us to a more evolved, lithium rich part of the pegmatite system, with the ultimate hope of finding the first spodumene-bearing pegmatite on the project.”
Newpath‘s early-stage Orefield critical metal exploration project, which is composed of three claim groups (Alpha Bravo, Charlie, and Delta), totals 3,180 claim units covering 674 square kilometres west and southwest of Lake Nipigon in Northern Ontario.
Newpath Resources last traded at $0.07 per share.
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