Medaro Mining Corp. (CSE: MEDA) has obtained positive results from an airborne geophysical survey recently conducted at its Superb Lake Lithium Property located in Northwestern Ontario, Canada.
A preliminary interpretation of the survey data show that lithium bearing spodumene mineralization on the Property is most likely controlled by structural trends in the NW- and NE-directions. The results suggest that the lithium mineralized pegmatites most likely occur along the lithological contacts or within fractures buried in the metasedimentary rocks.
Highlights
- The superimposition of 2021-2022 soil sampling contours on the magnetic tilt map identifies four areas of interest with the highest potential for spodumene-bearing lithium mineralization within the Property. Areas of P1, P2, P3, and P4 are categorized as exploration targets with low magnetic responses and low Versatile Time Domain Electromagnetic (VTEM) conductivity.
- The Northwesterly trend of lithium assay contours implies that LOW magnetic, LOW conductive zones adjacent to mafic dykes or veins are most likely associated with spodumene-bearing lithium mineralization.
- The superimposition of the dB/dt Calculated Time Constant and the Fraser filtered VTEM responses on Magnetic Tilt Derivative contours also reflects four areas of interest with the highest potential for sulphide and graphite mineralization as well as base polymetallic deposits within the Property. The result clearly indicates zones of potentially high concentration of sulphide mineralization with anomalous magnetic/ conductive features that are spatially coincident with existing major faults/fractures, and the boundaries of the metavolcanics with pegmatitic granite and metasedimentary rocks.
In 2022, the company contracted Geotech Ltd. to complete a VTEM and horizontal magnetic gradiometric survey on the Property. A total of 908-line kilometres of survey at 50 metre line spacing was completed on the Property.
The data collected from the Survey shows high potential for spodumene-bearing lithium mineralization within the Property and gives the exploration teams further targets to follow up on with a potential future diamond drill programme.
The company has currently optioned the Property to Rock Edge Resources Ltd. (REDG) to acquire an undivided 70% interest in the Superb Lake Property. REDG has an obligation to incur $700,000 of qualified exploration expenditures on the Property by November 2024. Therefore, Medaro is well positioned to participate in the exploration upside in the Property while remaining focused on its flagship package of assets in Quebec and Saskatchewan.
“The geophysical survey results not only validate Medaro’s ground exploration work in 2021 and 2022, but also identified more targets to follow up.” CEO, Michael Mulberry, said.
“The 2023 programme will carry out further work to explore lithium targets P1 to P4 which are in the extension of the known Superb Lake lithium pegmatites.”
For further information please visit: https://medaromining.com/
