CY5:25 October 2023Auclair Lithium Project, James Bay,...

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    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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