The claims are located approximately 130 km east of Patriot Battery Metals’ Corvette Lithium Property, and 20 to 40 kms northeast of Winsome Resources’ Adina spodumene (lithium) pegmatite.
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Patriot Battery Metals is exploring intensely a more than 20 km trend of lithium bearing spodumene pegmatites on their Corvette Lithium Property, including a recently reported drill intersection of 3.34% Li2O over 52.2 m, including an enriched zone of 5.2% Li2O over 15.0 m, as reported in their news release of
In addition to the discoveries at Patriot Battery Metals’ Corvette Property and Winsome’s Adina Lithium (spodumene pegmatite) Property, the
James Bay lithium – proven and probable reserve of 37.2 million tonnes (Mt) at 1.3% Li2O (Alkem press release datedDecember 21 , 2021).- Rose deposit – probable reserve of 26.3 Mt at 0.87% Li2O and 138 parts per million (ppm) tantalum (Ta); Critical Elements Lithium Corp, press release dated
June 13, 2022 . - Whabouchi deposit – proven and probable reserve of 27.9 Mt at 1.33% Li2O; Nemaska Lithium Inc. National instrument 43-101 technical report dated
May 31, 2019 . - Moblan deposit – proven probable reserve of 10.7 Mt at 1.40 percent Li2O (Sayona Mining Ltd. press release dated
August 24, 2019 )
The claims cover Archean to Neoarchean metamorphic rocks derived from sediments and volcanics, as well as mapped granitic pegmatite. The metamorphic terranes were intruded by granitoid plutons, which may be the source of late stage fluids carrying lithium, tantalum, beryl and other elements of interest that are incompatible with the crystalizing plutons, but can form pegmatites in the intruded metamorphic rocks.
Brascan believes that the occurrence of spodumene pegmatite occurring in similar rocks elsewhere in the
Brascan intends to initiate an exploration program immediately, beginning with a comprehensive compilation of geological geochemical and geophysical data, followed by detailed multi-spectral and image analysis to identify targets, and then target evaluation, prospecting and geological mapping once the snow melts this spring. Priority targets will be sampled and when warranted drill tested in the fall of 2023.
Qualified person
For more information, investors should review the Company’s filings that are available at www.sedar.com.
About the Company
Brascan (CSE: BRAS) is a Lithium and Gold exploration issuer based in
For more information, investors should review the Company’s filings that are available at www.sedar.com.
Contact Information
Director and CEO
Telephone: 604 812 1747
Email: bjohal75@gmail.com
Forward-Looking Statements
This news release contains certain forward-looking statements that are “forward looking information” within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Agreement and the obligations thereunder, the transfer of the claims, the exploration expenditures and Brascan’s exploration work on the Claims are "forward-looking information". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
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