92 Resources kicks off week's exploration at Corvette property in Quebec

92 Resources Corp (CVE:NTY) said exploration had now kicked off at its Corvette property in the James Bay region of Quebec.

The work is focused on finding lithium and consists of two main components: channel sampling of the CV1 and CV2 pegmatites, along with potentially identifying additional targets.

The program is expected to take one week and will be immediately followed by a one-week prospecting program at the Pontax property in the same region.

The ground work at Pontax will focus on the numerous pegmatite targets yet to be assessed for their spodumene potential, as well as new gold targets generated from the recently completed heliborne high-resolution magnetic survey.

Corvette lies within the Lac Guyer greenstone belt, which is considered part of the larger La Grande Greenstone belt, in the James Bay Region.

92 bought the property based on a historic observation of spodumene noted on one of the claims.

The company followed-up on the ground in the fall of 2017 and discovered two spodumene-bearing pegmatites (CV1 and CV2), trending sub-parallel and in close proximity, with sample assays of 3.48% Li2O (lithium oxide) and 1.22% Li2O respectively.

The size potential, based on the outcrop exposure at surface, is also encouraging, with the CV1 pegmatite estimated to be between five and 30m in width and 150 m in length.

Corvette is also considered prospective for gold, with numerous high grade occurrences on adjacent properties along the same geological trend.

92 Resources currently holds four principal assets in Canada. These are the Corvette and Pontax lithium properties in Quebec, the Golden Frac Sand property in British Columbia and the  Hidden Lake lithium ]property, which is currently under option to Far Resources Ltd.

Story by ProactiveInvestors