Location & Geography
The Seymour Lake Extension property is located approximately 60 Kilometers north of Thunder Bay, Ontario, It consists of 27 claims, covering 1371 acres. It is situated within the Caribou-Marshall Lake Greenstone Belt, and is 300 meters east of Green Technology Metals’ (ASX: GT1) Seymour Lake lithium deposit – which is estimated to contain 2-3 million tons of 1.25% lithium.
This Joshua Gold Resources property consists of 27 claims, and gives the company sole rights to:
- Explore for minerals, and:
- Apply for a mining lease for their extraction
Exploratory History & Assessment
Lab results of seven ground samples taken from JSHG’s Seymour Lake Extension property show lithium indicators that can be considered elevated. The values from the samples indicate that a more intensive exploration of the property is required, especially considering the vastness of the approximately 1100-acre property.
Using LiDAR survey data, JSHG’s Chief Geologist, Fred Sharpley (QP), was able to assess that the JSHG property appears to have a geological structure consistent with a potential lithium mineral deposit, along with the presence of indicator minerals, like pegmatite, suggesting the same:
“The lithium occurs in pegmatite related to the lenticular hornblende tonalite and granite batholith. The pegmatite deposits occur as:
- Structural zones related to the contact of the granite and mafic volcanics.
- North-South structural zones within the granite.”
The company’s exploration progress also follows recent news from the neighboring Green Technology Metals lithium property. The company reported that the site had doubled its interim mineral resource to 9.9MT @ 1.04% Li20 (a 105% increase over previous data).
In addition to that, the lithium activity at the adjacent Green Technology Metals property, combined with the explosive growth of electric vehicles and the need for more lithium production also makes further exploration imperative.