The location surrounding Golden Giant in the
As a reminder, lithium potential was identified on the property after the discovery of pegmatitic boulders scattered across the Kali claims during the recently completed field program. . This is geologically significant for the block's lithium potential, as it is located in close proximity to greenstone belt - granitic pluton contacts, which are known to be highly prospective zones for Li2O-bearing pegmatite dikes. There exists an excellent potential for the block to hold pegmatite dikes directly under the thin layer of overburden that covers the majority of the property. Of particular significance, the high-grade James Bay Lithium deposit has a northwest trend, which is vectoring directly towards the Kali East Block.
Saliently,
The Company plans to complete an aggressive, lithium focused exploration program across the Golden Giant project during the 2023 field season. Work will include: Lithium focused geophysical work across the Kali East Block
A comprehensive till sampling program
Full suite geochemical grab sampling across the property
Detailed structural modelling utilising regional data to determine potential pegmatite dike emplacements across the property
The Company will engage a full team of geologists and field technicians to complete the work during the snow-free months in the
The Golden Giant project comprises three packages of claims,
About
Contact:
Email: aaron.stone@qcxgold.com
Forward-looking statements
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program, the expected positive exploration results, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words 'will', 'should', 'continue', 'expect', 'anticipate', 'estimate', 'believe', 'intend', 'to earn', 'to have', 'plan' or 'project' or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
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