Lancaster Resources Inc. Engages KLM to Conduct Magneto-Telluric  Surveys at its Alkali Flat Lithium Project

Lancaster Resources Inc. Engages KLM to Conduct Magneto-Telluric Surveys at its Alkali Flat Lithium Project

Lancaster Resources Inc. (CSE: LCR) (OTC Pink: LANRF) (FSE: 6UF0) ("Lancaster"), is pleased to announce it has engaged KLM Geophysics to conduct a Magneto-telluric (MT) Survey at its Alkali Flat Lithium Project in Lordsburg, New Mexico, USA to target highly conductive statigraphic units (layers) to further delineate drill targets in a highly prospective area on the NE part of the property.

"Drawing on our recent exploration results, we've pinpointed a promising location that we suspect hosts a lithium brine-rich aquifer," shares Andrew Watson, Lancaster's Vice President of Engineering and Operations. "Our next steps will involve integrating MT survey data with the dataset from Arizona Lithium's published exploration results and our own geochemical and conductivity findings. This systematic approach should allow us to refine our drilling targets with the goal of discovering a lithium brine-filled aquifer."

The targeted area of the MT Survey is situated approximately 8 miles north of the Lightning Dock Known Geothermal Resource Area (KGRA). Around the world, geothermal heat sources and related fault structures are acknowledged as a possible main source of lithium for brines and sediments in lakebed basins, similar to the Lower Animas Basin, where the Alkali Flat Lithium Project is located.

The area is also adjacent to Arizona Lithium's Lordsburg Brine Project. Arizona Lithium's exploration results have provided crucial insights into the underlying geology, enhancing Lancaster's ability to predict and identify promising drilling locations.

The MT program will use naturally occurring electromagnetic sources like solar flares and lightning, to measure variations in magnetic and electric fields. It will seek to exploit the distinct properties of lithium brine deposits, as brine waters are highly conductive compared to fresh water and water saturated sediments. The survey's data will be consolidated with geochemical lithium findings that previously revealed up to 149.5 ppm Li on surface sediments.

This survey will be comprised of three east-west lines, spaced ~500m apart, with receivers positioned every 500m. A total of 15 receiver stations are expected. These MT sites will function overnight, recording data for at least 14-16 hours. After the data gathering session concludes, all the equipment will be collected and any excavated holes will be refilled with soil, leaving little to no trace. The results will show a 2D and 3D model of subsurface conductivity that will inform geological interpretation and lithology and enhancing target precision for drilling locations planned for fall/winter 2023.

In line with Lancaster's commitment to sustainable practices, this non-invasive MT survey has a minimal carbon footprint, demonstrating the company's dedication to environmental stewardship while pursuing its exploration work. The MT survey will be conducted once permitting is in place.

The engagement of KLM Geophysics was motivated by its competitive pricing, a well-structured survey methodology, and its experienced crew. KLM Geophysics brings to the table an impressive track record in lithium brine exploration, adding another layer of expertise to the project.

"Lithium, a key component in lithium-ion batteries, is crucial for climate change mitigation and global electrification. These batteries, vital for electric vehicles and renewable energy storage, support a sustainable transition away from fossil fuels. As lithium demand surges with this energy shift, our goal is to tap into lithium-rich aquifers to significantly contribute to this global initiative," explains Penny White, CEO and President of Lancaster.

Andrew Watson, PEng, a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About KLM Geoscience

KLM Geoscience, established in 2014, is a respected geophysical exploration company based in Nevada, USA. Their extensive repertoire of geophysical methods and state-of-the-art equipment allows them to perform efficient surveying even in challenging terrains. Their services span from induced polarization (IP), natural-source magnetotellurics (MT, AMT), and controlled-source audio-frequency magnetotellurics (CSAMT), to passive seismic, gravity, and magnetic potential field surveys, in addition to claim staking and soil/rock sampling.

About Lancaster Resources Inc.

Lancaster Resources is engaged in exploring energy transition metals to take advantage of the global shift towards decarbonization and electrification. Its Alkali Flat Lithium Project, in Lordsburg, New Mexico, USA, involves the exploration of a below-surface lithium brine target. Lancaster's goal is to produce Climate-Positive Lithium there using direct lithium extraction technology and solar power. Lancaster recently acquired the rights to a 100% interest in the Trans-Taiga Lithium Property located within the James Bay lithium district of Quebec, and lying on the same fault as significant lithium discoveries, including Patriot Metals's Corvette Property. Lancaster plans to conduct exploration activities with a holistic view of stakeholder interests. Recognizing the importance of the diverse interest of various stakeholders, the company considers the environmental, social, and economic impacts of its activities, aimed at balancing resource exploration with sustainable practices, cultural sensitivity, and fair benefit distribution. Guiding Lancaster Resources' journey is a skilled management and technical team, with collective involvement in over 15 commercial mineral discoveries, and endowed with extensive experience in the creation of lithium brine targets and the exploration and development of Lithium projects across Canada, the American West, Mexico, and South America.

Penny White, President & Chief Executive Officer, Lancaster Resources Inc.
penny@lancasterlithium.com
Tel: 604 923 6100

www.lancaster-resources.com

The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news release.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events, or Lancaster's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, ability to enter into a long form agreement for the acquisition of the Trans Taiga Lithium Property, obtain exploration and drilling permits retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties and integrate sustainable energy sources and innovative technologies for climate-positive resource production constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information.

Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175977

News Provided by Newsfile via QuoteMedia

LCR:CC
The Conversation (0)
Lancaster Resources Provides Corporate Update

Lancaster Resources Provides Corporate Update

Lancaster Resources Inc. (CSE:LCR | OTC:LANRF | FRA:6UF0) ( the "Company" or "Lancaster") is pleased to provide a corporate update. The Company's portfolio of projects includes the Piney Lake Gold Project, Catley Lake and Centennial East Uranium Projects in Saskatchewan, the Alkali Flat Lithium Brine Project In New Mexico and the Trans-Taiga Project in James Bay, Quebec. The Company continues to review gold and critical mineral projects for acquisition.

Piney Lake Gold Project

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lancaster Resources Engages KorrAI Technologies Inc. for Uranium Exploration Using AI Advanced Geospatial Solutions

Lancaster Resources Engages KorrAI Technologies Inc. for Uranium Exploration Using AI Advanced Geospatial Solutions

Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF0) ("Lancaster"), a North American lithium exploration company, is thrilled to announce the signing of a service agreement with KorrAI Technologies Inc. ("Korrai"), a pioneering artificial intelligence, earth systems modelling, and remote imaging company. This collaboration marks a significant step forward in Lancaster's mission to leverage cutting-edge technology to optimize and enhance its critical mineral exploration projects.

Under the terms of this agreement, KorrAI will provide Lancaster with advanced geospatial data products to identify field targets for sampling. This technology will be integral to Lancaster's exploration activities, specifically for uranium at the Catley Lake and Centennial East properties. The scope of KorrAI's work, as outlined in the contract, will include the identification and digitization of outcrop exposures from AI-based detection, mapping of iron oxide signatures, mapping and source vectoring of vegetation stress signatures, integrating geological and geophysical datasets, and the recommendation of exploration targets for field exploration and sampling programs.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lancaster Resources Announces Update on Exploration Plans at Uranium Prospective Catley Lake and Centennial East Properties in Athabasca Basin and Announces Financing

Lancaster Resources Announces Update on Exploration Plans at Uranium Prospective Catley Lake and Centennial East Properties in Athabasca Basin and Announces Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) ("Lancaster" and the "Company") announces an update on its exploration plans for its Uranium prospective Catley Lake & Centennial East properties in the Athabasca Basin of Saskatchewan, Canada.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Miguel Paucar Joins Lancaster Resources Advisory Board to Propel Corporate Growth and Sustainable Operations

Miguel Paucar Joins Lancaster Resources Advisory Board to Propel Corporate Growth and Sustainable Operations

Lancaster Resources Inc. (CSE:LCR) (OTCQB: LANRF) (FRA:6UF0) (" Lancaster "), a critical mineral exploration company, is pleased to announce the appointment of Miguel Paucar, B.Sc., M.Sc. to its Advisory Board. With over 28 years of extensive experience in the international mining sector, Miguel brings a wealth of knowledge and expertise from his work across diverse geographical regions including South Africa, Australia, Chile, Mexico, Peru, and Brazil. His career has encompassed significant roles in both underground and open-pit mining as well as geomechanics.

Miguel notably served as the Mining Director at Sigma Lithium from 2021 to 2022, where he spearheaded major advancements in lithium extraction technologies and sustainability practices. Under his leadership, the company implemented initiatives such as using 100% renewable energy and recycled water, producing "quintuple zero green" lithium with a focus on zero tailings dams and zero hazardous waste.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lancaster Resources Appoints Paola Rojas to Advisory Board, Bolstering Global Expertise in Metals and Energy

Lancaster Resources Appoints Paola Rojas to Advisory Board, Bolstering Global Expertise in Metals and Energy

Lancaster Resources Inc. (CSE:LCR) (OTCQB: LANRF) (FRA:6UF0) (" Lancaster "), a critical mineral exploration company, is pleased to announce the appointment of Paola Rojas as a member of its Advisory Board. With her extensive experience in metals, energy, and technology investments, Paola will provide strategic insights and guidance to support Lancaster's growth and development.

Paola Rojas is a recognized corporate advisor, investor, and director with a significant track record in the Australian and American markets. As a principal at Synergy Resource Capital, she has spearheaded numerous successful initiatives, overseeing more than USD $80 million in mergers, acquisitions, and capital raising efforts with a strong focus on lithium, copper and precious metals. Her expertise in cross-border deal design, financial analysis, and investor relations will be invaluable to Lancaster as it continues to expand its project portfolio.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CSE Bulletin: Name & Symbol Change and Consolidation - ACME Lithium Inc.

CSE Bulletin: Name & Symbol Change and Consolidation - ACME Lithium Inc.

ACME Lithium Inc. (ACME) has announced a name and symbol change to Surface Metals Inc. (SUR) and a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every three (3) pre-consolidated common shares.

As a result, the outstanding shares of the company will be reduced to approximately 26,157,575 common shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brunswick Continues to Intersect Lithium Mineralization on Globex's Lac Escale Royalty Property

Brunswick Continues to Intersect Lithium Mineralization on Globex's Lac Escale Royalty Property

GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF OTCQX International in the US) is pleased to report that Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB) in a press release today, announced additional wide intersections of lithium mineralization on Globex's Lac Escale royalty claims, a part of Brunswick's Mirage property.

Intersections include 36 meters grading 1.51% Li 2 O in Hole MR-24-102 and 1.32% Li 2 O over 28 metres in Hole MR-24-101. A total of 24 drill holes were completed in the winter drill program. Please access Brunswick's press release of today's date for further details.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Drills 36 Meters at 1.51% and Continues to Extend the Mineralized Footprint of Mirage

Brunswick Exploration Drills 36 Meters at 1.51% and Continues to Extend the Mineralized Footprint of Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the first results from the 2025 Mirage winter drilling campaign where it drilled an additional twenty-four holes targeting extensions of known mineralized zones. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. This release focuses on the Central Zone including the MR-6, MR-3 dykes and Stacked Dyke area where BRW has continued to intersect wide and well mineralized intervals along strike and at depth.

Highlights include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
ACME Lithium Announces Name Change and Consolidation

ACME Lithium Announces Name Change and Consolidation

ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") announces a proposed consolidation of its issued and outstanding common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every three (3) pre-consolidation Common Shares, and a concurrent change of name to "Surface Metals Inc.".

The Company anticipates the record date for the consolidation and name change will be Monday, April 28, 2025, pending confirmation from the Canadian Securities Exchange (the "CSE"). The symbol under which the Common Shares trade will change to "SUR".

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
McDermitt Project Fast-Tracked Under U.S. FAST-41 Initiative

McDermitt Project Fast-Tracked Under U.S. FAST-41 Initiative

Jindalee Lithium (JLL:AU) has announced McDermitt Project Fast-Tracked Under U.S. FAST-41 Initiative

Download the PDF here.

Latest Press Releases

Related News

×