New Energy Metals Commences Exploration on Atikokan Lithium Property

August 30, 2023
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New Energy Metals Corp.

TSXV:ENRG | OTC:NRGYF
by James Hyland, MiningIR

New Energy Metals Corp. announce that it has commenced exploration work at the Atikokan Lithium property (the “Property”) located in northwestern Ontario, Canada. Field crews have mobilized and are conducting geological mapping, prospecting, and sampling.

Program Highlights

During the current phase of exploration, an experienced field team has been deployed to conduct field prospecting activities across the claim block. This process will involve the systematic examination and sampling of the potential fertile granitic pegmatite dykes for lithium and other rare elements. This crucial step will provide valuable insights into the mineralogy and lithium content of the identified pegmatites, aiding in the development of an extensive understanding of the property’s lithium exploration potential for further work. Initial scanning of samples will be carried out by a handheld laser-induced breakdown spectroscopy (LIBS), which has recently emerged as a tool for instant geochemical analysis versus traditional laboratory analysis and resultant lag time. The LIBs can measure Li in minerals, rocks, soils, and brines in-situ in the field.

About the Atikokan Lithium Property

The Atikokan Lithium Property consists of 4 mining claims comprising 3,788 hectares and is located approximately 12 km east of Atikokan, Ontario. Geologically, the claims straddle the contact between a peraluminous S-type muscovite-bearing granite and metasediments within the Quetico subprovince. The Quetico-Marmion subprovincial boundary lies just 4 km north of the Property. Numerous lithium deposits of northwestern Ontario occur proximal to a subprovincial boundary. Muscovite-bearing pegmatite dykes and small pegmatitic granite masses are widely exposed along Highway 11 between Nym Lake Road junction and west to Niobe Lake (McIlwaine and Larsen 1981a, 1981b as cited in Breaks et al., 2003). Historically, the Atikokan area has documented strongly anomalous lake sediment results in Li, Rb, Cs, Ga and Sn (Jackson, 2001 as cited in Breaks et al., 2003).

Recently, lithium has been the primary mineral of economic interest in northwestern Ontario where lithium and rare-element mineralization style is dominantly hosted within spodumene-bearing pegmatite dykes. Reconnaissance mapping and sampling by Breaks et al., 2003 along Highway 11 concluded that “the discovery of columbite-tantalite group minerals and beryl by this survey gives strong indications that, with careful prospecting, further rare-element minerals may be discovered.  

“We are thrilled to initiate exploration activities at the Atikokan Lithium Property,” said Rishi Kwatra, CEO. “We have engaged industry professionals with significant local knowledge to execute our Phase 1 exploration program.”

Rishi Kwatra, CEO

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Kilbourne, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS,

New Energy Metals Corp.

Rishi Kwatra
CEO & Director

#610 – 700 West Pender Street
Vancouver, BC V6C 1G8 Canada
Tel: 604-669-9788

www.new-enrg.com

References and Disclosures

  1. Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p. 

About New Energy Metals Corp.

New Energy is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG.

The Company has an option to purchase a 100% interest in the Atikokan lithium Project which comprises 3,788 hectares and is located approximately 12 km east of Atikokan, Ontario. The claims straddle the contact between a peraluminous S-type muscovite-bearing granite and metasediments within the Quetico subprovince. The Quetico-Marmion subprovincial boundary lies just 4 km north of the Property.

The Company also has an option to purchase a 100-percent interest in the Roslyn lithium property, covering 5,100 hectares located 20 kilometers southeast of the Georgia Lake pegmatite field and 35 kilometers southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tons) grading 0.88 percent lithium oxide and an inferred mineral resource of 4.2 Mt grading 1.0 percent Li2O.

The Company also has an option to purchase a 100-percent interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.

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MiningIR hosts a variety of articles from a range of sources. Our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR
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