Zimtu Capital Corp. Announces Closing of its Acquisition of the Eagle Lake, Grove Lake, and Whitefish Lake Mining Claims in the Province of Ontario - Seite 2

Property is underlain by gneissic and foliated tonalite, massive granodiorite to granite, with minor mafic metavolcanic rocks. Recent digitization of historic Ontario geological survey maps shows dozens of mapped pegmatite occurrences in and around the properties. Historic mapping has been at low resolution (or wide spacing) as these units have been classically overlooked as prospective units for mineralization.

30 of 75 of Lake sediment samples in the properties are >99th percentile for Li (>28.1ppm, max 43.7)

22 of 75 of Lake sediment samples in the properties are >99th percentile for Cs (>2.4ppm, max 84.05)

28 of 75 of Lake sediment samples in the properties are >99th percentile for Cs (>37.1ppm, max 63.07)

Foto: Accesswire

Figure 4: Whitefish Lake Group Claim Blocks, Bedrock Geology, Lithium in Lake sediment analyses, mapped pegmatites, land tenure

Grove Lake Claims

The Grove Lake Claims are comprised of 1,620 claims (instead of the 1,520 claims noted in the June 16th News Release) covering 25,027 hectares.

This claim group lies directly North of Sioux Lookout, Ontario, a town with population 5,500. CP rail lines pass through the town. All claim blocks are road accessible.

The Grove Lake Claims were staked over several anomalous populations in lake sediment samples in Li and Rb. (Each claim block contains >99th percentile samples for Li). Dominantly E-W magnetic trending lineaments crosscut the properties.

Property is underlain by gneissic and foliated tonalite, massive granodiorite to granite, crosscut by metasedimentary and greenstone (mafic metavolcanic) units. Recent digitization of historic Ontario geological survey maps shows dozens of mapped pegmatite occurrences in and around the properties within all geologic units.

14 of 102 of Lake sediment samples in the properties are >99th percentile for Li (>28.1ppm, max 40.12)

3 of 102 of Lake sediment samples in the properties are >99th percentile for Cs (>2.4ppm, max 2.48)

21 of 102 of Lake sediment samples in the properties are >99th percentile for Cs (>37.1ppm, max 45.66)

Foto: Accesswire

Figure 5: Grove Lake Group Claim Blocks, Bedrock Geology, Lithium in Lake sediment analyses, mapped pegmatites, land tenure

Eagle Lake Claims

The Eagle Lake Claims are comprised of 1439 claims covering 30,302 hectares.

This claim group lies directly southeast of Dryden, Ontario, a city with population 7,500 located on the trans-Canada highway. CP rail lines pass through Dryden. All claim blocks are road accessible.