MOSAIC MINERALS CORP. Following the compilation of an exploration program orchestrated by the
The various outcrops visited and described by the MERN in 2001 were mainly composed of tonalite, granodiorite, garnet, and sillimanite paragneiss with a proportion of up to 50% pegmatite. The following map will allow the reader to locate the different pegmatites on Mirabelli SM.
The management of the company also noticed that a large number of pegmatites follows a pegmatitic corridor of NE-SW direction of about 20 KM which corridor seems associated with a major fault located at the contact of a paragneiss and a tonalitic intrusive. During the exploration and sampling work carried out in collaboration with ALS Goldspot Discoveries, this corridor will be treated as a priority, as well as another sector located east of the tonalitic intrusive where several pegmatites have also been listed by the MERN.
“This compilation work made it possible to target a set of pegmatites to be sampled during the summer period. This looks promising for the future. Also, many other outcrops that have not been visited in past years may offer other favorable targets. We can't wait to begin our exploration campaign” underlined Mr.
The company also acquired by map staking 13 new mining cells in the eastern part of its Mirabelli SM project, which now includes 346 claims for an area of approximately 18,340 hectares.
A remote sensing study is also underway on multispectral satellite data to identify and characterize other pegmatite outcrops likely to contain spodumene mineralization. The results obtained will then be integrated into the final target definition process in order to prioritize the sectors to be investigated for the field prospecting campaign planned for the summer of 2023 on the Maqua SM, Pluton SM, Mirabelli SM, Lithium SM and Lichen.
The Lithium SM, Lichen, Maqua SM, Pluton SM and Dalmas SM projects will also be visited during the summer period. Exploration work on Lithium SM and Lichen will begin according to the company's schedule next June and then move on to the projects located in
The technical content of this press release has been reviewed and approved by Mr.
About
Source:
President & CEO
jhamel@mosaicminerals.ca
This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in
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Mirabelli SM Geology
Mirabelli SM Geology
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