Coloured Ties Capital Inc., an investment company focused on business incubation and opportunities that disrupt their industry, has announced that Longford Exploration has designed and is mobilizing on exploration programs for the company’s Mazerac and Vieux Comptoir projects.
The Mazerac Project is project has 108 contiguous claims located around the Decelles Reservoir, about 50km southwest of Val-d’Or and easily accessible by a network of forestry roads. This property is immediately adjacent to claims currently held by exploration companies including Winsome Resources, Brunswick Exploration and Vision Lithium and near infrastructure including (see regional map in Schedule1). This expanded area, known as Mazérac, has recently attracted many lithium prospecting and exploration companies due to recent discoveries of several lithium bearing pegmatites in the region.
The Vieux Comptoir Lithium Property comprises a total of 381 Quebec mineral exploration claims, which amount to a total of 19,533.81 hectares or 195 square kilometers. Located in the centre of significant lithium discoveries by Patriot Battery Metals (V.PMET) and Winsome Resources (ASX:WR1). The Vieux Comptoir Lithium Property has been optioned to Superior Mining International (V.SUI) and was successfully approved by the TSX-V. Pursuant to the terms of the option QPC will receive a total of 14 million shares of Superior Mining over an 18-month disbursement schedule.
Located approximately 45 km east of Patriot Battery Metals Corvette Lithium Discovery where extensive drilling has encountered high grade lithium intersections including recently announced 83.7m of 3.13% Li2O, including 19.8m of 5.28% Li2O.
“The Eeyou Istchee James Bay region is experiencing heightened staking activity based on its abundance of lithium-bearing pegmatites including four deposits with defined resources. Quebec Pegmatite acquired the projects in mid 2022, well before the staking rush of 2023. In addition, this region has recorded numerous recent discoveries including Corvette by Patriot Battery Metals just east of our projects underscoring the exploration potential of the area. The Mazerac Region has also seen increased staking activity and recent work by other companies active in the area suggests prospects for lithium discoveries in the area. We believe both properties have excellent potential for the discovery of lithium-bearing pegmatites,” states Mike Stier, CEO of Quebec Pegmatite Corp.