Pinnacle Minerals Limited (ASX: PIM) is thrilled to announce its latest strategic move with the acquisition of two promising lithium projects in the renowned Abitibi Greenstone Belt of Quebec. Covering a vast expanse of 271.2 km2, these projects, known as "Lac Rug" and "Lac Bignibi," mark a significant addition to Pinnacle's growing portfolio.
Key Highlights:
- Prime Location: Located in the mineral-rich Abitibi Greenstone Belt in Quebec, one of the world's largest mineral-rich areas, these projects offer immense geological potential.
- 100% Ownership: Pinnacle Minerals Limited proudly owns these projects in their entirety, ensuring full control over their exploration and development.
- Untapped Potential: Despite their exceptional geological attributes, these projects have seen limited exploration activities, providing an exciting opportunity for discovery and development.
- Lac Rug Project: Spanning 205 claims over 116.5 km2, this project sits atop a 10km strike of greenstone belt and boasts multiple pegmatite outcrops.
- Lac Bignibi Project: Comprising 282 claims covering 154.7 km2, this project is strategically adjacent to the Laberge Deformation Zone, a crucial setting for pegmatite mineralization.
- Abitibi Greenstone Belt: The Abitibi region is renowned for its gold resources and, more recently, for economically significant lithium deposits, further highlighting the potential of these projects.
- Accessible Infrastructure: These projects are easily accessible year-round via well-maintained roads, situated within 30 km of the regional town of Lebel-sur-Quévillon, which also boasts a registered aerodrome and railway.
- Cutting-Edge Exploration: Advanced satellite and radar imagery analysis have been conducted to detect lithium-bearing minerals, offering numerous high-potential targets for future exploration.
- Upcoming Fieldwork: Pinnacle Minerals Limited is gearing up for fieldwork, including mapping and rock chip collection, scheduled to commence in November. This effort aims to follow up on multiple pegmatite occurrences and lithium targets identified through extensive analysis.
With these acquisitions, Pinnacle now commands a substantial 344 km2 of claims across two highly prospective lithium exploration regions in Quebec, including James Bay and the Abitibi Province. These regions are associated with significant lithium projects, such as Winsome's Adina Project and Patriot Battery Metals' Corvette Project in James Bay, as well as Piedmont Lithium Inc. and Sayona Mining Ltd's North American Lithium (NAL) Hub in the Abitibi Province.
Pinnacle Minerals Limited is excited to advance these projects and is partnering with IOS Services Géoscientifiques, a distinguished Quebec-based geological consulting and contracting service provider, to conduct the upcoming exploration program.
Pinnacle Minerals Managing Director, Nic Matich, commented:
“Pinnacle Minerals transition to a battery metals explorer is progressing rapidly. Pinnacle has added 271.2 km2 of prospective lithium and gold claims, which notably cover 10km of fertile greenstones, and covering two deformation zones (known for their mineral endowment) plus contain pegmatite outcrops along trend from a known spodumene outcrop. The ability to stake these quality Projects in a tier 1 jurisdiction is in our opinion unparalleled anywhere else in the world.”
About us:
Pinnacle Minerals Ltd (ASX: PIM) is an ASX listed technology minerals company focused on delivering shareholder value via the systematic exploration and development of its portfolio of battery and technology metals projects in Canada, Western Australia and South Australia. Pinnacle aims to deliver exploration success via systematic and geologically rigorous techniques. The Company’s focus is the “Adina East Project” in James Bay, Quebec which is proximal to the world class Adina Lithium Project (Winsome Resources: WR1.ASX) and adjacent to the Trieste Lithium Project (Loyal Lithium: LLI.ASX) and the Tilly Lithium Project (WR1.ASX). The Company’s Australian exploration assets are prospective for Rare Earth Elements, Mineral Sands and Kaolin.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
