First Lithium Expands Lidstone Project To 12,830 Hectares Following OGS Report
FULL DISCLOSURE: This is sponsored content for First Lithium Minerals.
First Lithium Minerals (CSE: FLM) this morning is reporting that it has substantially expanded its Lidstone exploration project in Ontario. The expansion follows a Recommendations For Exploration report issued by the Ontario Geological Survey, which highlighted the Witchwood and Morden Lake areas, which are found in the immediate area of the Lidstone project.
The report, which is based on the Resident Geologist Program, highlighted the potential for lithium-cesium-tantalum pegmatite potential in the immediate region. The recommendation is said to be based on field work and sampling conducted in the area last year by the Ontario Geological Survey, as well as historical data for the region. Pegmatite samples collected at surface are said to have been coarse muscovite with possible apatite.
“While we have long recognized the Lidstone project area as an attractive exploration target for lithium and potentially copper, the recent Ontario Geological Survey report on recommendations for exploration in the Lidstone project area solidified our belief and made our project even more exciting,” commented CEO Rob Saltsman.
READ: First Lithium Receives Environmental Approval For Proposed Drill Program
The expanded project comes as a result of staking, with First Lithium having staked an additional 547 claims in the region, expanding the project area by 11,105 hectares to a total size of 12,830 hectares. The new claims are adjacent to the existing Lidstone claims, found in the Witchwood and Morden Lake areas, approximately 120 kilometres northeast of Armstrong, Ontario in the Thunder Bay Mining Division.
Exploration for 2024 is set to include geologic mapping, geophysical and geochemical surveys, and reconnaissance exploration.
First Lithium last traded at $0.085 on the CSE.
FULL DISCLOSURE: First Lithium Minerals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Lithium Minerals. The author has been compensated to cover First Lithium Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
