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copper|energy|environment|exploration|gold|mining|project|projects|resources|roads|supply chain

Mosaic acquires four new projects

1st December 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Canadian resources company Mosaic Minerals has acquired, by map staking, 156 mining cells covering about 8 325 ha, comprising four new exploration projects for lithium and strategic minerals.

Located in Jamésie, Northern Québec, these projects join the two other lithium projects previously staked by the company.

Mosaic now holds a portfolio of six projects focused on exploration for lithium and strategic minerals. All the projects are in a geological environment favourable to the discovery of such minerals, the company highlights.

Mosaic also holds three other projects targeting nickel potential.

According to data from the Quebec Ministry of Energy and Natural Resources (MERN), the new Maqua SM project, consisting of 69 cells with a size of about 3 569 ha and located in the granitic suite of Vieux Comptoir, can offer phases of spodumene pegmatites.

There is very little geological data currently available on this project. This vast project is located west of the Mia L1 and Mia L2 lithium showings recently acquired by Queensland Gold Hills.

The Gervais SM project consists of four mining blocks in a sector comprising several showings of cobalt, copper, zinc and nickel, as well as lithium. This project totals 28 cells for a dimension of about 1 535 ha. This project is located west of the Sirmac and Moblan lithium showings.

The Bordier project, comprising 48 cells for an area of ​​about 2 651 ha, is located further south, along the Ontario border. According to the MERN, several random rock samples revealed significant lithium values.

The Sakami SM project, made up of 11 cells covering an area of ​​570 ha, is in contact with a biotite paragneiss and a white pegmatitic granite and an alkali feldspar and biotite and muscovite, tourmaline, garnet, and beryl in the Lake Sakami area.

Depending on the exploration budgets available, these projects should all be the subject of exploration work, including a geological, geochemical, and geophysical survey, as well as detailed sampling during the spring and summer of 2023. All these projects are accessible year-round by main and forest roads.

“Lithium and strategic minerals including nickel are in high demand for the foreseeable future. Mosaic wants to establish itself in this sector, which is increasingly mobilising the attention of major players, including certain States.

“These seek to secure their supply chain for their military and high-tech industries. The Gaboury project also offers a great opportunity for nickel,” outlines Mosaic president and CEO Jonathan Hamel

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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