CY5:
25 October 2023
Auclair Lithium Project, James Bay, Canada
Auclair emerging as major lithium
discovery with three large spodumenebearing pegmatites identified
Two of the new pegmatites sit side by side and measure up to 75m long x 50m wide
and 65m long x 30m wide; all contain widespread spodumene mineralisation*
Cygnus Managing Director David Southam said: “Two of these new pegmatites, named Pegasus,
are spectacular discoveries and provide more strong evidence that Auclair may host a
substantial mineralised system.
“We have now established a 6km corridor of fertile strike, which remains open, and identified
substantial pegmatite outcrops up to 75m long and 50m wide which are riddled with spodumene.
This is a major exploration breakthrough which shows Auclair has clear scope to create
substantial value for our shareholders.
“On top of this, significant amounts of spodumene mineralisation have been observed with
coarse grained crystals over 1m in length. These are some of the largest crystals we have seen
to date.
“Our success at Auclair has been delivered in a mere three months into the exploration season
and clearly demonstrates we have only just scratched the surface of this untapped project
tenure”.
Refer to todays ann. for more info.
glall
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