Vital Battery Metals Inc. (“Vital” or the “Company”) is delighted to declare that it has set foot into the lithium market by gaining, for the cost of staking, the Schofield Lithium Project (“Schofield” or the “Project”).
Situated about 60 km south of Hearst, Ontario, the Project comprises 416 single-cell mining claims totaling nearly 8,824 hectares. Located directly south of the Hurst Lithium project of Brunswick Exploration, the Project is easily reachable by logging road networks. It was staked depending on historical mapping of pegmatite outcrops and favorable geological environments.
Our management team has a strong history in the lithium sector, evident in our work with Patriot Battery Metals and its acquisition of the Corvette property. We strongly believe the Northern Ontario Region is underexplored and this Project acquisition brings a low-risk opportunity to drive value to the Company. With our Schofield Lithium Project in Ontario Canada, our Sting Copper Project in Newfoundland, Canada, and our Vent Copper-Gold project in British Columbia, we believe we are building a portfolio of strong properties that will continue to deliver shareholder value. We will continue to build a robust and diverse critical minerals portfolio of projects.
Adrian Lamoureux, Chief Executive Officer and President, Vital Battery Metals Inc.
Schofield Project Geology
The existence of 17 pegmatite outcrops on the Project was indicated in the historical mapping. Their sizes ranged between decimeter veins and ~1600 m × ~500 m. Even though the mapping shows the presence of pegmatites on the Project, the company has still not confirmed the extent, dimensions, or any mineralization that might exist on the Project.
The Project region has been under-explored; however, intermittent exploration for base metals, gold, and, more recently, diamonds occurred between 1960 and 2001. None of the work finished on the Project has ever concentrated on the economic perspective of the existing pegmatites.
Situated inside the Quetico Subprovince, the Project has a selection of evolved S-type granitoids and pegmatites that are hosted by metamorphosed sediments (paragneisses) and metavolcanics.
The Quetico Subprovince is host to various pegmatite swarms, for example Georgia Lake, Lowther, and Wisa Lake. Medium-grade unmigmatized metawacke with subordinate interbedded metapelite (e.g., spodumene-subtype Wisa Lake pegmatite and albite spodumene-type Georgia Lake pegmatites) and their parent granite (e.g. petalite-subtype MNW pegmatite and lepidolite-subtype Lowther Township pegmatite) (Pye 1965; Breaks, Selway and Tindle 2003a, 2003b) are host to the pegmatites in the Quetico Subprovince.