Many Peaks Gold (ASX:MPG) reports the granting of an additional 2 mineral licences expanding the Aska Lithium Project from 151km to 193km-square area in an emerging lithium district in Newfoundland, Canada.
The additional mineral licences are contiguous with previously granted mineral licences and covers the same favourable geological setting host to Lithium Caesium-Tantalum (LCT) type pegmatites at Aska.
Aska is hosted in the same terrane with similar age of intrusions as the major lithium deposits in the Avalonia lithium belt in Ireland and the Piedmont deposit and Kings Mountain lithium mine in the eastern US.
The company is planning field programs, including reconnaissance mapping and rock chip sampling supported by interpretation of various satellite imagery datasets to better define the metallogenic zonation of the pegmatite field within the Aska Lithium Project. This mapping and sampling campaign is anticipated to vector exploration activity into the targeted metalliferous zone(s) for lithium often referred to as the ‘Goldilocks zone’ where Many Peaks will provide regular updates for results and follow-on exploration plans as they develop.
Many Peaks’ Executive Chairman Travis Schwertfeger says: “Preliminary reconnaissance field checks covering <1% of the project area have confirmed pegmatite outcrops associated with targets generated with remote sensing techniques and provide confidence in our desktop targeting methods to expand our footprint at the Aska Project.
“We look forward to further advancing exploration at Aska over the coming months on this exciting opportunity for the company as we progress into more amenable weather conditions in North America”
We look forward to further advancing exploration at Aska over the coming months on this exciting opportunity for the company as we progress into more amenable weather conditions in North America.”
The potential for extensions to the pegmatite field is identified from desktop study work following confirmation of pegmatites in recent reconnaissance work and subsequent review of the desktop expression of confirmed pegmatites.
Target generation work based off available datasets has generated multiple new targets and these areas (mineral licences 035513M and 035514M) will be added to planned mapping and reconnaissance work anticipate to be completed from April through early Q2 this calendar year.
The Aska Lithium Project Situated proximal to Newfoundland’s southern coast approximately 45km east of the town of Cape Ray, Aska is a 193km-square contiguous landholding in a segment of the Gander-Dunnage terrane hosting multiple LCT type pegmatite occurrences. At Aska, multiple pegmatites have been identified hosted both in S-Type granites and pegmatite dikes extending into adjacent metamorphic host rocks associated with caesium and tantalum anomalism in regional scale datasets.
The Gander-Dunnage zone in Newfoundland and the extensions of that terrane into Ireland and the Carolinas formed an integral part of the Gondwanan supercontinent and was situated in a major tectonic collision zone which formed multiple granite intrusions at the margin of the Avalonia subcontinent.
Lithium deposits in the same terrane including the world class Carolina Tin-Spodumene Belt ((Piedmont Lithium (ASX:PLL) & Albemarle Corp (NYSE:ALB)) and the Avalonia Project in Ireland ((Ganfeng Lithium Corp (HKG:1772)) are associated with similar age of intrusions (early Devonian) as the causative intrusions that bookend the Aska project area.
Recognition of the lithium potential in Newfoundland is in its early stages and is currently being explored for regionally across the Dunnage-Gander zone by multiple Canadian listed explorers, including the recent discovery of spodumene (lithium) mineralisation and high-grade caesium mineralisation at the Kraken pegmatite district located approximately 60km east of Aska.
Write to Adam Orlando at Mining.com.au
Images: Many Peaks Gold Ltd
