Sultan Resources Limited (ASX: SLZ) has entered into an agreement to acquire 100% of the two compelling lithium projects in Ontario, Canada.
The Kember Lake Lithium Project
The Kember Project is located in the province of Ontario about 180km north of the town of Red Lake adjacent to the Bear Head Fault Zone which is a major geological system in the area. Demonstrating the prosperity of this area, the Kember Project is located about 8km from the lithium projects of Frontier Lithium Inc.
In their recent exploration programme, Frontier recently intersected 398.25m of pegmatite averaging 1.88% Li2O, including a 23.4m zone of 3.12% Li2O.
Furthermore, at Frontier’s PAK Lithium Project and Spark Lithium Project they have made recent discoveries of deposits containing an NI 43-101 complying Inferred Resource of 29mt @1.57% Li2O.
There has been no recorded exploration over the Kember Project area, however mapping by the Geological Survey of Ontario has historically recorded the presence of pegmatitic granites and the company will investigate these and report their findings to the market shortly.
Two greenstone belts that are located along the Bear Head Lake Fault Zone are the Favourable Setting Net Lakes and the North Spirit Lake greenstone belts located to the northwest and southeast of the Kember Lake Property, respectively. The belts are connected through the Pakeagama Lake area by the Bear Head Lake Fault system.
The Ruddy Lithium Project
The Ruddy Project directly abuts ground held by Green Technology Metals Limited (ASX: GT1) and is located in the province of Ontario about 162km north-north-east of the town of Dryden. The Ruddy Project sits on the northern extremity of the Allison Lake Batholith, a fertile intrusive responsible for the development of proximal fractionated pegmatites with potential to host lithium, caesium and tantalum mineralization.
Although there has been no exploration over the Ruddy Project claims, previous study of the area by the Ontario Geological Survey established the margins of the Allison Lake Batholith as an important new target for rare-element mineralization. Breaks et al describe the margin of the Allison Lake Batholith as “an important new exploration target for rare-element mineralization and is the largest such granite thus far documented in Ontario.
The Ruddy Project claims lie adjacent to Green Technology Metals’ Allison Lake Project and are interpreted to contain meta-volcanic and meta-sedimentary lithologies on the margins of the Allison Lake Batholith that have potential to host fractionated pegmatite dykes.
Reports by Green Technology Metals describe the identification of the spodumene-bearing Ourobororos Pegmatites which lie approximately 10km southwest of the Ruddy Project in a similar geological setting
For further information please visit: https://www.sultanresources.com.au/