Lithium One has Acquired 63 Claims by Map Staking Adjacent to Go Metals' HSP Nickel-Copper-PGE Project in Quebec, and less than 2 Kilometres from Two Historic Ni-Cu-PGE Occurrences
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - Lithium One Metals Inc. (TSXV: LONE) (FSE: H49) (the "Company" or "LONE" ) reports that it has acquired one block of 63 claims by map staking adjacent to Go Metals Corp.'s HSP nickel-copper-PGE project in Quebec. LONE's new Ni-Cu-PGE property is located less than 1500 meters (1.5 km) from Go Metals' historic Hamlet Ni-Cu-PGE showing as well as 1400 meters (1.4 km) from their EM-A2 Ni-Cu-PGE showing. The 63 claims cover approximately 3340 hectares (33.4 km2) of the Havre-Saint Pierre anorthosite complex.
Based on public information, the Hamlet and EM-A2 showings consist of magmatic or hydrothermal PGEs. At Hamlet the mineralization is recorded as being within a 1.5-meter-wide vein of massive sulphides where historic surface grab samples grading up to 0.55% nickel, 0.69% copper, and significant platinum values have been obtained. The EM-A2 showing consists of semi-massive sulphides, grab samples from which have returned grades of up to 0.38% nickel and 0.17% copper. Neither showing has been drilled, nor are there any drill holes on LONE's adjacent property claims.
LONE's 100-per-cent-owned property was map-staked by the Company in order to explore for extensions of the two historic surface showings, both located within the same ultramafic units that host Go Metals' recent discoveries. The property wraps around the south and east sides of Go Metals' HSP Project.
The Company is currently in advanced negotiations to acquire an additional 140 contiguous claims from a renowned Quebec prospector who has a history of successful project generation. The single block of 140 claims were staked in March of this year and, together, share long borders with both Go Metals' HSP Project to the north and a large property held by Rio Tinto Exploration Canada Inc. to the east.
The claims are still being processed by Quebec's Ministry of Energy and Resources. A property map will be published once the claims registration has been completed. See www.lithiumonemetals.com
On behalf of Lithium One Metals Inc.
Andrew Lee Smith
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of financings, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138041