Prior to this the Company controlled 2,530 hectares bringing the total land position to 7,080 hectares.
The Little Nahanni Lithium project ('LNLP') located in the
Based on the encouraging historic results and the large footprint of this LCT pegmatite system, Lake Winn is in preparation for an estimated 4,000m drill program.
Approximately 25% of the SQUID magnetometer survey have been received and released. The balance of the survey is now complete and results are expected shortly.
The preliminary data has shown striking linear magnetic responses, with one zone lining up with the known pegmatite trend and with a second stronger linear anomaly with no known geological explanation. Field crews will be deployed to investigate this potentially new area of mineralization.
About Lake Winn
Contact:
Tel: +1 (604) 218-8772
Cautionary Statement Regarding 'Forward-Looking' Information
This news release contains 'forward-looking statements' including but not limited to statements with respect to Lake Winn's plans, the estimation of a mineral resource, and the success of exploration activities. In this release, it is not certain if the kimberlite discovered will be economic or not as this depends on many factors. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could affect our plans include our potential inability to raise funds as intended, and in such event, we may require all funds raised, if any, to be used for working capital rather than the intended uses as outlined. Accordingly, readers should not place undue reliance on forward looking statements.
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