Lithium One Metals Inc. has announced that it has closed its acquisition of the Taycan Lithium Project. The Project is comprised of 70 mineral claims covering approximately 3,600 ha within the prolific Corvette lithium camp in James Bay, Quebec.
The Project is located in close proximity to the Patriot Battery Metals Corvette Lithium Discovery and falls within the 50 km “CV Lithium Trend,” a growing spodumene pegmatite district. The Project also includes the standalone “Lac Astrid” claim, which is enveloped by Patriot’s Corvette property.
Previous, early-stage exploration, including government mapping from 2011, identified white pegmatite outcrops with muscovite and tourmaline, which are prospective for hosting high-grade lithium. The Company will be launching an exploration campaign in Spring 2023, with an initial focus on prospecting, mapping, and sampling pegmatites.
Dominic Verdejo, Chief Executive Officer of Lithium One, commented, “The location and geology of the Taycan lithium project in Quebec, Canada, highlights the potential for Lithium One to make a new discovery in Canada’s emerging lithium industry. We are extremely pleased to have secured this acquisition and our experienced technical team is already developing a series of aggressive work programs, the first of which is expected to commence in early 2023.”