GBML maintains an option to acquire up to a 100% interest in the La Poile Lithium Project in Newfoundland.
The La Poile Property consists of 320 claims encompassing approximately 80 km² in southwestern Newfoundland, approximately 35 km from the Golden Hope property jointly held by Sokoman Minerals Corp. and Benton Resources Inc. The Sokoman and Benton Alliance recently announced intersecting 1.22% Li 2 O over 13.37 m at their Killick Zone and also announced mobilizing a second drill to begin testing the Hydra Cesium Dike, the first high- grade cesium mineralization recorded on the Island of Newfoundland.
Initial exploration of the La Poile Project began in 2022 with a focus on an area of siliciclastic sediments known for its high lithium values in till samples. During a preliminary late-season prospecting survey, several pegmatite dikes were discovered and sampled but were below LiO2% detection limits. While limited, the overall prospecting efforts within license #33417m were successful in identifying at least one occurrence of a potential lithium-bearing dike swarm. Another area of interest was located to the far north within license #33415m.
Previous government till sampling on the La Poile property shows Li values in the 29.1-52.6 ppm range These high Li values appear to be related to granitic rocks from the larger Appalachian Caledonian belt that extends from the Ireland and the UK, through Newfoundland and into the eastern US. Included in the belt are the important lithium deposits held by Ganfeng Lithium / International Lithium Corp. Blackstairs Lithium Project in Ireland, as well as by Piedmont Lithium Inc. in the Carolinas, US.
A comprehensive exploration program is in place for summer 2023 that will allow GBML’s team to spend adequate time revisiting existing prospects and gathering key geological information about the mineralogy, host rocks and structure. The findings will guide the subsequent steps of the exploration program, including the identification of priority areas for further exploration.
