CGrowth Capital Inc presented the findings of a comprehensive desktop research and reconnaissance survey conducted by Metminec (Pty) Ltd on behalf of CGRA Mining Inc. CGRA is a publicly traded holding company specializing in alternative and underappreciated assets. The organization is indifferent to specific sectors and industries, encompassing two divisions—Sports Technology and Mining.
The company is dedicated to investing in growth-oriented opportunities where its capital, expertise, and capabilities can contribute significantly to creating added value for shareholders.
This study aimed to identify potential follow-up targets for lithium exploration and future drilling activities across multiple prospecting tenements owned by the company.
As part of this extensive research initiative, Metminec (Pty) Ltd conducted a seven-day on-site reconnaissance survey to document detailed field observations on the proposed lithium prospecting sites and licensed locations held by CGRA Mining Inc. in the Hombolo, Haneti, Kondoa, and Singida areas.
In summary, the study successfully identified several promising sites for lithium exploration within CGRA Mining Inc.’s explored tenements. Notably, a significant mineral cluster was pinpointed in the western part of the tenements in the Hombolo region, extending through the Hombolo Lithium Block.
This area corresponds to the historical Hombolo-Msangani belt, renowned for its lithium deposits. It indicates a high potential for discoveries within the prospecting licenses recently granted CGRA Mining Inc. by the Ministry of Minerals and the Mining Commission of the United Republic of Tanzania.
For investors, this signifies that specific tenements owned by the company in the Hombolo region, particularly PL/11955/2022, a section of PL/17271/2021, and PL/19510/2022, have been identified as locations with lithium deposits.
These regions confirm the presence of lithium and demonstrate a significant potential for hosting substantial lithium deposits. They exhibit a high prevalence of lithium-bearing minerals, favorable terrain, and proximity to established pegmatite locations.
Furthermore, one of these concessions borders the Auroch Lithium Exploration Project Block within the Hombolo Lithium Block, further enhancing its potential value for the company and its shareholders.
For a detailed presentation of the complete desktop study and reconnaissance survey findings, we encourage shareholders to visit the investor section on the CGRA Mining website. This comprehensive study provides a thorough overview of the applied geological exploration methodologies, an in-depth analysis of the project area, detailed results from specific target locations, and a rigorous validation of these findings.
The release of today’s thorough desktop research and reconnaissance survey marks a significant milestone for CGRA and our shareholders.
Nicolas Link, Chairman, CGrowth Capital Inc
Link continued, “The report not only represents the first formal documentation of our findings but also provides independent validation of the existence of lithium deposits within the tenements we have acquired, in tandem with the prospecting licenses granted to us by the Tanzanian authorities specifically for these properties.”
“The full report, available on the CGRA Mining website, has been independently verified by competent persons in accordance with the industry standards of JORC, SAMREC, and ISO N143-101 which we believe will instill further confidence among our shareholders regarding the authenticity and significance of these findings,” added Link.
Source: https://cgrowthcapital.com/