Vital Battery Metals Inc. (“Vital” or the “Company”) is delighted to declare it has improved its presence in the lithium market by gaining Dickson Lake Lithium Project (“Dickson” or the “Project”) for the cost of staking.
The Project includes 464 single-cell mining claims spanning nearly 9,780 hectares and is nearby Imagine Lithium and Georgia Lake Lithium Deposits. Along with the new acquisitions of Dickson and the Schofield Lithium Project, Vital now possesses more than 18,000 hectares of potential lithium properties in Northern Ontario.
We are very proud to add the Dickson Lake Lithium Project to our portfolio. We believe that the Project ticks a lot of boxes in terms of cost, location, mapped pegmatites, road access, geological environment, and geochemical signatures. We are especially proud that in the past two weeks we have been able to acquire over 18,000 hectares of prospective lithium properties near companies such as Brunswick Exploration, Imagine Lithium, and Rock Tech Lithium without added dilution. We intend to continue to build a strong battery metals portfolio with low-risk opportunities that positively impact the Company and its shareholders. We look forward to providing shareholders with a detailed initial work plan in the coming weeks.
Adrian Lamoureux, Chief Executive Officer, Vital Battery Metals Inc.
The Project is located inside the Quetico subprovince, which is an Archean-aged terrane consisting mainly of derived migmatites, metasedimentary gneiss, amphibolite, and granitoid intrusives. The rocks have gone through regional metamorphism to almandine-amphibolite facies.
Metasedimentary rocks are majorly greywacke in composition, comprising lesser arkose and arenite. Metasediments’ migmitization is usually pervasive with certain sections staying unaffected. Ranging from granite to quartz monzonite in composition, intrusive bodies are in gradational contact with migmatite for the most part.
Mapping done by Carter in 1974 shows that there are a minimum of 25 pegmatite outcrops on the Project. These are predominantly made of pink and white pegmatite with minor aplite (biotite, garnet, and tourmaline).
The mapped pegmatites differ in terms of size from single small outcrops to regions that are 100-m wide and 1,000-m long. Despite the indications of pegmatites’ presence on the Project by previous mapping, the Company has still not identified the extent or dimensions of any mineralization that might exist on the Project. The Project has not been explored completely; however, it saw infrequent exploration in the late 1980s for base metals.