Pegmatites in
These pegmatites were observed in outcrop and sub-crop on both the Custodia and Juremal projects while initial updates on the Cerro Cora and Porta D'Agua project is pending and the Jacurici project has yet to be visited.
Part of this particular swarm is thought to be present in one of the tenements in which several additional occurrences of visually identified spodumene are present.
'I am very pleased with feedback I am receiving from the geological team in the field, and it is exciting to hear that they have observed pegmatite outcrops potentially containing spodumene in this first pass reconnaissance program,' chief executive officer
Initial rock chip sampling has commenced at Custodia and Juremal with additional work planned in the weeks ahead.
The company will submit rock chips collected during this program to laboratories in
Mars Mines deal
All four projects are located in areas known to host lithium-bearing pegmatites and are along strike from and covering known pegmatite bodies.
Subject to shareholder approval, the company plans to acquire an initial 20% in the Cerro Cora and Porta D'Agua, Custodia, Juremal and Jacurici project areas through the issue of shares and options to Mars.
It can then earn a further 55% through incurring project expenditure of
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