Lodestar Battery Metals Corp. announced it has acquired an additional 7,859 ha of mineral claims adjacent to the Peny Property in the Snow Lake District, Manitoba. Lodestar remains committed to solidifying its presence in the Snow Lake District in Manitoba.

The Company recognizes the importance of the expansion of its Peny Property as it focuses on growth in the world-class lithium pegmatite region. Lodestar looks forward to providing stakeholders with further updates pertaining to its upcoming exploration initiatives in the coming months. This coupled with silver property provides an excellent investment opportunity to create near to mid-term shareholder value through aggressive advancement and expansion.

Peny Staking Expansion: The new management, appointed in 2022, decided to stake additional property in the Snow Lake District, with favourable infrastructure and lithium pegmatite potential in the surrounding district. Throughout February 2023, local crews staked a total of 32 additional claims totalling 7,859 ha, thereby expanding the Peny claims package to a total of 47 claims for 11,191 ha. The claims were staked over the prospective ground along the northward extension of the Crowduck Bay fault and Berry Fault systems which are noted regionally to host pegmatites along this late stage controlling fault trends.

Where these intersect Kisseynew Domain toward the north, claims have additionally been staked over areas with favourably oriented potentially dilatational structures interpreted from regional magnetics over parts of the property. The expanded claims blocks include outcroppings of Pegmatite noted from aerial reconnaissance over the property in late 2022. Based on a historical data compilation over the property, a total of 86 drill holes have been identified on the property, including 18 drill holes with noted pegmatite previously unsampled.

The property also hosts a pegmatite mineral showing in the northwest and numerous instances of mapped syn to post tectonic Pegmatites and potentially fertile leucogranites. 2022 Exploration Results: A preliminary field exploration program was completed in September – October 2022 to confirm potential mineralization and the favourability of the geological environment to host lithium-bearing pegmatites. Initial prospecting was undertaken, as well as selective surface geochemical sampling and overall evaluation of the property.

A total of 70 rock samples were collected over the OG Peny claims. Samples were principally collected from exposures of Quartz and Feldspar dominant pegmatites across selected parts of the property. A further 268 soil samples were collected along the eastern margin of the OG Peny claims near the Crowduck Bay fault. Although results from the 2022 sampling program failed to produce significant results for Lithium, an initial evaluation of the results indicates a strong correlation between Li, Ce, and Ta.

The results are currently being analyzed to determine further favourable trace element geochemical vectors. A remote sensing satellite data acquisition and processing study has been commissioned to provide analysis of synthetic aperture radar data and multispectral Sentinel & Aster data over >100 km2 covering the property and surrounding areas. By combining modern remote sensing techniques using multispectral imaging and synthetic aperture radar to analyze topography, structure, alteration, vegetation and ground movement, complex anomalies covering large areas can be quickly and effectively identified.

This multivariate exploration approach combines existing geological, geochemical, and geophysical data with multiple satellite analyses to identify new potential mineral targets.