Bastion Minerals chases LCT pegmatites at McCombe North Lithium property in Canada

ASX-listed exploration and development company Bastion Minerals (ASX:BMO) is chasing lithium-caesium-tantalum (LCT) mineralisation at its recently acquired McCombe North Lithium property in Ontario, Canada.

The company reports its exploration partner, Orix Geoscience, will be conducting early-stage systematic reconnaissance mapping and geochemical sampling, focusing on potential extensions of the pegmatite host sequence where pegmatites are generally located.

Speaking to Mining.com.au, Bastion Minerals Executive Chairman Ross Landles says he hopes that the discovery made by Green Technology Metals (ASX:GT1) at the nearby Root Bay Project extends into McCombe North.

“We’ve appointed a team to do some work for us on that asset; they’ll be on the ground shortly. The snow is clearing and I think they’re on the ground in about 2 weeks’ time.

“They’re going to be doing some preliminary work to see where we will commence some exploration work to effectively define some pegmatite targets in that greenstone belt”

They’re going to be doing some preliminary work to see where we will commence some exploration work to effectively define some pegmatite targets in that greenstone belt.

It’s pretty early days, but that’s the intention, to see whether that mineralisation extends through there to the north. It’s certainly based on data that’s currently available. It does tend to signify that that may be the case, which I think is probably why there’s a little interest in that particular asset, that’s for sure.

”We do expect to have more data that relates to McCombe North and the work on the ground inside the next 4 to 6 weeks, and we should have some more information on progress on McCombe North.”

Bastion reports the McCombe North property contains the western strike of the mafic greenstone unit that appears to host the McCombe and Morrison LCT pegmatites held by Green Technology Metals.

The company also says these LCT pegmatites generally occur in swarms within 10km of the fertile granite source and notes the same intrusive rocks are likely to continue into Bastion’s optioned property, based on government mapping and Green Technology’s interpretation.

Bastion entered a binding heads of agreement (BOA) with Austek Resources for an option to acquire 3 ‘highly’ prospective lithium properties in Ontario in February 2023. Under this agreement, the company secured the McCombe North Lithium, Raleigh Lake Lithium, and Pakwan East Lithium projects.

Bastion Minerals is an Australian early-stage exploration company focused on copper, gold, and green metals. Along with its portfolio of projects in Ontario, Canada, Bastion also holds the Cometa Copper-Gold, Capote Gold, and Garin Gold-Silver projects in the Atacama region of Chile.

Images: Bastion Minerals Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.