Mosaic acquires four new projects to help discover lithium and strategic minerals. The Canadian Business Journal

MONTREAL, November 30, 2022 (GLOBE NEWSWIRE) — Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or the “Company”) will develop 156 mining cells covering approximately 8,325 hectares that will comprise four new exploration projects. announced its acquisition by map staking. Lithium and Strategic Minerals.

Located in Jamésie (northern Quebec), these projects join two other lithium projects in which the company has previously invested. Mosaic now holds a portfolio of six projects in his portfolio focused on lithium and strategic mineral exploration. All of these projects are in geological settings suitable for the discovery of such minerals. Mosaic also has three of his projects aimed at nickel potential.

Consisting of 69 cells on an area of ​​approximately 3,569 hectares and located in the Granite Suite of the Vieux Comptoir, the new Maqua SM project can provide phases of spodumene pegmatite, according to Quebec Ministry of Energy and Natural Resources (MERN) data. Very little geological data is currently available for this project. The sprawling project is located west of the recently acquired Mia L1 and Mia L2 Lithium Shows by Queensland Gold Hills (see press release dated 28 November 2022).

As for the Gervais SM project, it consists of four mining blocks in a sector that includes several exhibits of cobalt, copper, zinc, nickel and lithium. The project covers an area of ​​approximately 1,535 hectares with a total of 28 cells. The project is located west of the Sirmac and Moblan Lithium Shows.

The Bordier project, which includes 48 cells on an area of ​​approximately 2,651 hectares, is located further south along the Ontario border. According to MERN, several random rock samples revealed significant lithium values.

Finally, the Sakami SM project, consisting of 11 cells covering an area of ​​570 hectares, contacts biotite paragneiss and white pegmatite granite, alkali feldspar and biotite, muscovite, tourmaline, garnet and beryl. doing. Lake Sakemi area.

Depending on available exploration budgets, all of these projects will be subject to exploration work, including geological, geochemical and geophysical surveys, and in-depth sampling during the spring and summer of 2023. is needed. All these projects are main and forest roads.

“Strategic minerals, including lithium and nickel, are in high demand for the foreseeable future. These are looking to secure supply chains for the military and high-tech industries.The Gaboury project also offers great opportunities for nickel.

Other Lithium and Strategic Minerals Projects

Recently, the company acquired the Lithium SM project in the Lebel-sur-Kevillion sector and the Dalmas SM project in the Adina Lithium exhibition sector from Winsome Resources. Recent drilling by Winsome revealed that over 160 meters of pegmatites were collectively intercepted while drilling beneath the recently discovered Jamar outcrop at Adina. Furthermore, the latest analysis of the Jamar outcrop yielded an exceptional magnitude of up to 4.89% He Li2O.

The 20-kilometer-long and about 10-kilometer-high Lithium SM project is truncated in the middle by an east-west fault and several east-northeast faults. To the south of the property, a number of lithium anomalies directly related to pegmatites are listed by his MERN, suggesting a potential favorable horizon over 5 kilometers. At the center of the project, a volcanic belt runs east-west along a high-intensity magnetic anomaly. Several electromagnetic conductors (inputs) are paired with this volcanic horizon and this magnetic anomaly. A display consisting of strategic minerals Cu, Zn, Ni and Li seems to be associated with this corridor.

The Dalmas SM Project is located in a geological setting that favors strategic minerals such as lithium, nickel, copper, chromium and cobalt. We discovered the existence of pegmatite granites containing peridotite, pyroxenite and beryl. The property contains some geochemical evidence of nickel, copper, and lithium, according to Quebec Department of Energy and Natural Resources data.

Lithium plays a key role in global decarbonization efforts as it is a key building block of next-generation lithium iron phosphate (LFP) batteries used in lithium-ion batteries and electric vehicles (EVs). I’m here. This essential mineral is also widely used in other industrial applications such as cell phones, laptops, glass, and ceramic manufacturing.

gabri project

The Gaboury Project consists of 95 claims covering an area of ​​approximately 6,064 hectares and is accessible year-round by a state road network and a series of logging roads. In 2010-2011, Fieldex Explorations (now Fokus Mining Corp.) drilled his Gaboury property to test for Max-Min electromagnetic anomalies, intersecting with critical nickel grades at appropriate widths. Intersecting mineralization is located in broad bands of mafic to ultramafic rocks. A grade of 0.20% Ni was crossed over a thickness range of 81 m to 88 m in three holes forming the first Pike Nickel display.

Following our first drilling campaign in Q4 2021, we crossed a 165 m zone of 0.26% Ni containing 121.5 m of 0.32% Ni and 0.40% Ni 15 at Hall GA-21-07 (2022 See press release dated January 5). m. Hall GA-21-07 in the Pike West Zone is located approximately 1.8 km west of the original Pike Nickel Zone. Hall GA-21-08, located 300 m to the west, shows three sections of 13.5 m, 16.8 m and 18.2 m, 131.8 m nickel envelope grading of 0.31% Ni, 0.26% Ni and 0.23% Ni respectively Graded 0.17% Ni.

A second phase of 1,000 meters of drilling was completed in August 2022. A grade of 0.23% Ni was intersected in hole GA-22-10 along the length of 120 meters of the hole (see press release dated August 30, 2022). It is located approximately 200 meters west of Hall GA-21-08. Another nickel zone of 0.25% over 17.55 meters was also intersected at this same hole.

The technical content of this press release has been reviewed and approved by Mr. Gilles Laverdière, P.Geo., Independent Consulting Geologist and Qualified Person as defined in NI 43-101.

About Mosaic Minerals Corporation

Mosaic Minerals Corp. is a Canadian mining exploration company listed on the Canadian Stock Exchange (CSE: MOC) focused on exploration for strategic minerals in the Quebec territory.

sauce :

M. Jonathan Hummel
President and CEO
[email protected]
514-317-7956

This release contains certain “forward-looking information” under applicable Canadian securities laws with respect to the arrangement. Forward-looking information reflects our current internal expectations or beliefs and is based on information currently available to us. In some cases, forward-looking information is “may”, “will”, “should”, “expect”, “intend”, “plan”, “expect”, It can be identified by terms such as “believe” and “estimate”. , “project”, “potential”, “scheduled”, “forecast”, “budget” or any negative form of these terms or other equivalent terms. Such forward-looking informed assumptions include, among other things, that the terms of the arrangement’s closing will be met and that the arrangement will be completed on the terms set forth in the definitive agreement. Many of these assumptions are based on factors and events beyond our control and there is no guarantee that they will be correct or prove to be correct. Risk factors that could cause actual results to differ materially from those projected herein include, but are not limited to: our business prospects and opportunities do not proceed as expected; Changes in the global price of gold or certain other commodities (diesel, aluminum, electricity, etc.). fluctuations in US dollar and other currency exchange rates, interest rates or gold leasing rates; Risks arising from holding derivative instruments. Level of liquidity and capital resources. Access to capital markets, loans and interest rates. mining tax regime; ability to successfully integrate acquired assets; Legislative, political or economic developments in the jurisdictions in which we operate; operational or technical issues related to mining or development activities; environmental legislation; employee relations; increased availability and costs associated with mining inputs and labor; The speculative nature of exploration and development. Disputes over ownership of real estate, especially undeveloped real estate. Risks associated with exploration, development and mining operations. Risks and unknowns inherent in all projects include estimated reserves and resource inaccuracies, metallurgical recovery, capital and operating costs of such projects, and future prices of associated minerals. The Canadian Stock Exchange does not assume responsibility for the adequacy or accuracy of this release.

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