BMO
. Orix is booked. Things are on the move. Canada is Lithium mad at this stage.
Frontier and GT1 are next door.
Bastion MineralsLtd (ASX:BMO,Bastion,Company or BMO)
has engaged
Orix Geoscience Inc (Orix) consultants to undertake an evaluation of the three property packages in Ontario Canada, where BMO entered into a Binding Heads Of Agreement (HOA) with Austek Resources Pty Ltd (Austek) for an option to acquire.o Orix are a well-established Canadian geological consultancy, which has worked on numerous pegmatite projects in Canada, where there is currently a high level of exploration activity for pegmatites, following years of little exploration for lithium.o
Bastion in consultation with Orix, will evaluate each priority target as part of its due diligence, and is buoyed by early analysis of the prospectivity of its tenement holdings, located close to known pegmatites, where adjacent companies have intersected pegmatites in drilling and have defined and reported resources.
The property groups are referred to as Pakwan East Lithium, Raleigh Lake Lithium, and McCombe North Lithium projects.o Bastion will embark on an aggressive exploration push ,as soon as weather permits ,to sample priority targets which are highly prospective to host spodumene.o
Project activities will be staggered, depending on climatic conditions and access to the sites. The Pakwan East Project has a series of mapped pegmatite clusters, including two clusters measuring more than 1km2.
The Pakwan East Project comprises 17km2 and is located
immediately adjacent to properties owned by Frontier Lithium Inc (TSXV:FL), who have the PAK lithium project which includes the Spark Lithium deposit.o The McCombe North Project comprises 33km2 and immediately
abuts the north of the Root Bay properties owned by Green Technology Metals (ASX:GT1), which released its maiden mineral resource on 19 April, 2023.o
The company expects to outline its exploration strategy for the McCombe North Project shortly.
Best Map I can find of Lithium mining in Ontario is from PAT
Gives an idea
Other listed ASX rushing to the Ontario are
PAT
BLZ
SLZ
CHK
and quietly NRX has been there for a while with no news
Established in Ontario are
GT1 and CRR
May had missed some.
Plenty of news coming.
IMO
(20min delay)
