Sayona Mining Ltd (ASX:SYA) Completes Tansim Acquisition
CVE:QPM) for the remaining 50% stake in tenements subject to an option agreement.
Highlights
- Sayona completes acquisition of Tansim Lithium Project, Quebec following final payment of C$250,000 (approx. A$256,000) to Quebec Precious Metals Corporation (TSX:QPM.V) for tenements subject to option agreement
- Project forms part of new lithium hub in Abitibi encompassing flagship Authier Lithium Project and North American Lithium (NAL) (subject to successful bid).
Located 82 kilometres south-west of Sayona s flagship Authier Lithium Project, Tansim comprises 191 mineral claims spanning 11,042 ha of prospective lithium acreage.
Drilling conducted last year comprising 11 holes for 1,129m resulted in an Exploration Target (refer note below) for the Viau-Dallaire prospect of between 5 million and 25 million tonnes, at an estimated grade of 1.2 - 1.3% Li2O (refer ASX release 19 November 2019).
Quebec Precious Metals Drilling Returns High Grade at La Pointe Extension: 60 8 g/t Au over 0 3 m Within 1 4 m at 15 01 g/t Au, Initiates Metallurgical Testing albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
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Drilling Highlights of 2020 La Pointe Extension discovery
Mineralization from surface up to a depth of 250 m over 1 km strike length and open in all directions
Significant intersections are:
PT-20-162 - 42 m at 1.31 g/t Au
PT-20-159 - 80 m at 1.10 g/t Au
PT-20-155 - 53.8 m at 1.03 g/t Au
PT-20-154 - 70.3 m at 1.14 g/t Au
PT-20-153 - 35.4 m at 1.45 g/t Au
PT-20-151 - 80.1 m at 1.15 g/t Au
MONTREAL, QC / ACCESSWIRE / December 15, 2020 / Quebec Precious Metals Corporation ( QPM or the Company ) (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) is pleased to provide four additional drill results from the 19-hole summer and fall diamond drilling program at La Pointe Extension on the Sakami Project (the Project ) in Quebec s Eeyou Istchee James Bay territory. The program aimed to expand and define the 600 m strike length of mineralization discovered during the 2020 winter campaign at la Pointe Extension. A total of 4,912 m in 19 holes were completed during this campaign. Results from
Fjordland To Acquire Historic Renzy Nickel Copper Project, Quebec; Quebec Precious Metals Monetizes Non-Core Asset albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
Quebec Precious Metals Corporation: Fjordland To Acquire Historic Renzy Nickel Copper Project, Quebec; Quebec Precious Metals Monetizes Non-Core Asset
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Note: refer to Matamec s Press Release dated September 26, 2007 titled Matamec Doubles Mineral Resources at Vulcain
In 2008, Matamec drilled 40 short holes averaging 75 m targeting Induced Polarization ( IP ) anomalies and tested 6 of the 18 areas identified as geophysical target zones based on IP surveys. Results were not press released. The remaining 12 areas have had no exploration conducted over them.
Exploration Potential
The original mineral emplacement model suggested that all mineralization would be near surface. As a result, only shallow targets were explored. Drilling campaigns occurred in 1956, 2005 and 2008. The mid-20th century holes were conducted with AX and EX diameter (approx. 1 ) drill holes down to approximately 32 m as an exploration tool. The later programs targeted the original pit area and certain oth