Property 2 is a 2,963.7-hectare mineral claim package comprising 1.5 contiguous claim blocks in
Claims map (below) of the Brasil-Li Lithium Property 2 in relation to CBL and SIGMA. Salinas Formation in blue, intruding granitoids in various shades of pink to red.
Property 2 covers mapped metasediments of the Salinas Formation (unit 1), comprising mica-quartz and quartz-mica schists, as well as locally occurring meta conglomerates and micaceous quartzites (CPRM Geology map, 1:250:000 scale; 2016). This is the same unit of the Salinas Formation that has been mined by CBL for spodumene lithium for almost 30 years, and contains Sigma's Grota do Cirilo deposit. Brascan intends to start prospecting, sampling, detailed mapping and multispectral analysis of satellite data immediately to identify potential exploration targets.
Brascan has been granted an option to acquire a 100% right, title and ownership interest in Property 2 by (i) paying an aggregate of
Option Period 1
Option Period 2
Option Period 3
He further said 'Brascan will continue to implement the business plan to acquire several highly prospective lithium assets in two World Class Hard Rock Lithium Districts in
About the Company
Brascan (CSE: BRAS) is a Lithium and Gold exploration issuer based in
Contact:
Tel: 604 812 1747
Email: bjohal75@gmail.com
Forward-Looking Statements
This news release contains certain forward-looking statements that are 'forward looking information' within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the option, the obligations thereunder, exploration at Property 2 and valuations possible for Brascan's two Brasil-Li properties upon exploration, discovery and development of a new lithium resource are 'forward-looking information'. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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