On the right track
Newpath Resources Inc. (CSE: PATH; FSE:0MZ; OTC PINK: RDYFF) has successfully completed the first field reconnaissance at its Alpha/Bravo lithium pegmatite project in northern Ontario. By 7 November 2023, a team of two geologists had assessed over 131 pegmatite occurrences. A total of 116 grab samples and 24 channel samples were taken for analysis. As hoped, highly fractionated pegmatite rock was identified that contains important indicator minerals for critical elements. Using handheld scanners with laser-induced breakdown spectroscopy (“LIBS”), some considerable concentrations of lithium were measured. All grab and channel samples collected to date will be forwarded to an accredited assay laboratory in Thunder Bay for analysis.
Alex McAulay, CEO of Newpath, commented: “We knew from government archives that the project area contains favourable geology with more than 170 historic pegmatite occurrences and lake sediment samples have returned high concentrations of lithium, cesium and rare earth elements. Today we can say that our field team has discovered an area of highly fractionated pegmatites whose geochemistry suggests that we are in the vicinity of additional lithium-rich, potentially mineralised pegmatites.”
Numerous sub-parallel pegmatite veins
The Alpha/Bravo project is located in a favourable geological setting that hosts lithium-bearing pegmatites One Lithium has made a high-grade lithium and spodumene-bearing pegmatite discovery on the Frazer Lake Mound property, 20 km northeast of the eastern boundary of Alpha/Bravo. This Frazer Lake Mound discovery is located within the same belt of metasedimentary rocks that underlie the Alpha/Bravo project.
The Hilltop pegmatite deposit is the highest priority target to date. The field crew has identified numerous sub-parallel pegmatite veins ranging in width from less than one metre to over 15 metres and exposed over a strike length of up to 400 metres. Many of the features of the Hilltop deposit coincide with the geological setting of the Georgia Lake pegmatite field, which is located approximately 70 km east of the Alpha/Bravo project and hosts Rock Tech Lithium’s Georgia Lake project and Imagine Lithium’s Jackpot Lithium project. Rock Tech is planning a lithium converter along the north shore of Lake Superior. Rock Tech Lithium and Imagine Lithium want to exploit potential synergies between their neighbouring and nearby properties.
Summary: Lithium explorer Newpath Resources has made the most of the long summer season. Now 116 grab samples and 24 channel samples are waiting to be analysed in the laboratory. The data will form the basis for exploration in 2024, with the aim of finding the first spodumene-bearing pegmatite on the project in the more developed lithium-rich part of the pegmatite system. Recent success stories from neighbours around Alpha/Bravo, in particular the discovery of spodumene by One Lithium just 20 kilometres away, indicate that Newpath is on the right track.
Disclaimer: The contents of www.goldinvest.de and all other used information platforms of the GOLDINVEST Consulting GmbH serve exclusively the information of the readers and do not represent any kind of call to action. Neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice, but rather represent advertising / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here. Please also note our terms of use.
According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH hold or may hold shares of Brixton Metals and therefore a conflict of interest exists or may exist. We also cannot exclude that other stock market letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Brixton Metals and GOLDINVEST Consulting GmbH, directly or indirectly, which means that there is also a conflict of interest. Especially since GOLDINVEST Consulting GmbH is remunerated in this case for the reporting on the mentioned company.