Green Technology Metals Ltd is in the hunt for an 80% interest in Landore Resources Canada Inc’s Junior Lake Project, which consists of 591 staked mineral claims on 109 square kilometres of tenure right next to GT1’s flagship Seymour Project in Ontario, Canada.
The Canada-focused multi-asset lithium business has entered into a binding option agreement with Landore to secure the lithium-hosting project covering about 109 square kilometres of tenure.
These tenements are some 22 kilometres from the company’s flagship Seymour project in Ontario and are host to three drill-ready lithium-caesium-tantalum (LCT) pegmatite prospects that point to the project’s lithium potential.
The LCT targets were confirmed by historical exploration activities on the property and present similar geology to Seymour. The company thinks Junior Lake offers outstanding potential for it to make new proximal lithium discoveries and strategically grow the resource base for Seymour.
GT1 is now preparing for summer mapping and an initial 1,200-metre drilling program to begin in the third quarter of the year, subject to all the relevant approvals.
“We are excited to secure the agreement with Landore, adding a sizeable tenement package to our portfolio and look forward to commencing exploration on the Junior Lake Project,” GT1 chief executive officer Luke Cox said.
“This offers the company a unique combination of a close proximity location, identified targets through previous regional exploration and early indications of similar geology to our flagship Seymour Project. We plan to commence exploration activities imminently at Junior Lake as we look to grow our resource base for greater Seymour and move swiftly into development.”
