International Lithium and Pioneer Resources Increase Claims

Resource Investing News

International Lithium (TSXV:ILC.V) in conjunction with strategic partner Pioneer Resources (ASX:PIO) have mobilized field crews to the Mavis and Raleigh lithium pegmatite projects in Ontario. As quoted in the press release: Planned Exploration Programs’ Key Highlights: Mavis:  400 lithogeochemical (rock chips) sample program to refine drill targets in high priority areas; Mavis West: 3 claims …

International Lithium (TSXV:ILC.V) in conjunction with strategic partner Pioneer Resources (ASX:PIO) have mobilized field crews to the Mavis and Raleigh lithium pegmatite projects in Ontario.
As quoted in the press release:

Planned Exploration Programs’ Key Highlights:
Mavis:  400 lithogeochemical (rock chips) sample program to refine drill targets in high priority areas;
Mavis West:

  • 3 claims totalling 640 hectares newly staked to encompass extension of high-grade pegmatites near western edge of previous Mavis project boundary;
  • 58 km ground magnetic survey to delineate target lithology along pegmatite trend;
  • 100 lithogeochemical sample program to define continuation of pegmatite corridor;

Raleigh:

  • 500 lithogeochemical sample program to refine and extend drill targets in high priority areas;
  • Comprehensive airborne magnetic survey across entire project to delineate target lithology to assist with drill placement;

Mavis and Raleigh Exploration Programs
A $1 million budget has been allocated across the Mavis and Raleigh lithium pegmatite projects (“Projects”).  The exploration programs will include lithogeochemical sampling, ground and airborne geophysics and 3,000m of diamond drilling with 1,500m allocated to each of the Projects and anticipated for the fall and winter 2016.  The budgeted exploration expenditures will be wholly funded by Pioneer as part of their earn-in on the Projects (See details regarding the terms of the Mavis and Raleigh option agreements in Company news releases dated June 22 and July 26, 2016).

Click here to read the full press release.

The Conversation (0)
International Lithium

International Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

×