VANCOUVER, British Columbia, April 19, 2023 (GLOBE NEWSWIRE) — Medaro Mining Corp. (CSE: MEDA) (OTC:MEDAF) (FSE:1ZY) (“Medallo” or “company”) is the Phase 1 Exploratory Fieldwork Program (“program”) Darling Lithium Properties (“property”) is located in Val-d’Or, Quebec, Canada. This work has identified lithium anomalies in soil sampling and will be followed up during exploration work in the summer of 2023. The 2022 work program included airborne and surface geophysical surveys, soil and rock sampling, and diamond drilling.
Result highlights:
- A total of 209 soil samples were collected along two grids in the Darling North and South claim blocks during the 2022 summer and fall exploration operations (see Figures 1 and 2 below).
- Lithium (Li) values ranged from less than (<) 15 parts per million (ppm) to 123 ppm, indicating a trend more widespread in the eastern and northern parts of the property.
- The samples also reflected anomalies of other rare elements such as niobium (Nb), tantalum (Ta), rubidium (Rb), and cesium (Cs).
- Results from eight diamond-drilled holes (see Figure 3 below for location) blocked larger widths and lower grades of lithium in the pegmatite range from <15 ppm to 272 ppm. Li's lithium intercept above 100 ppm will be tracked to develop a work program for his upcoming 2023 work.
Figure 1: Darling North Soil Grid
Figure 2: Darling South Soil Grid
Program description
The program consisted of soil and rock sampling and geological mapping and aimed to sample, map and identify groups of pegmatites that could potentially host lithium mineralization. A 21.83 line-kilometer surface magnetic and very low frequency (VLF) geophysical survey was also completed as part of the program. A high-resolution, helicopter-mounted magnetic geophysical survey was also conducted at Medallo’s Darling and Rapide claims. The results will be reported in subsequent news releases as soon as they become available.
A total of 8 diamond drill holes were drilled and a total of 1,286 meters of NQ-sized cores were drilled.Two holes were abandoned at shallow depths of 27m and 33m respectively due to difficult ground conditions. The borehole intersected several pegmatites with varying widths and lithofacies.
All rock, soil and drill core samples were bagged and tagged using best practices and sent to Activation Laboratories (“Act Lab”), sample preparation and analysis using laboratory code Ultratrace 7, Ancaster, Ontario.ACTLABS is an independent, commercial, accredited and ISO accredited laboratory. was harvested and sampled in
Figure 3: Location of drill holes in 2022
Medaro CEO Michael Mulberry said: As we receive and analyze soil sampling results from the characterization of Darling Lithium, we become increasingly optimistic about the potential of this characterization. The data we have collected so far show signs of lithium mineralization and we are confident in the viability of the project. A contractor logically increases the value proposition of a project. We remain committed to maximizing the potential of this asset and look forward to continuing further exploration work in 2023 by expanding our soil exploration grid. ”
qualified person
Afzaal Pirzada, P.Geo., a “Qualified Person” for the National Instrument 43-101 Mineral Project Disclosure Standardshas reviewed and approved the scientific and technical information contained in this news release.
On behalf of the Board of Directors
Michael R. Mulberry
Representative Director and President
About the company
We are a lithium exploration company based in Vancouver, BC. It also holds options on Lithium properties in Darling, Rapide, Lac Lamotte and CYR South in Quebec. The Eurickson uranium deposit in the Athabasca Basin of Saskatchewan. The Company is party to a joint venture agreement involving the Company in the development and commercialization of a new process for extracting lithium from spodumene concentrate.
For more information, investors should review the company’s filings available at: www.sedar.com.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. historical, including without limitation, statements regarding future estimates, plans, programs, projections, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding our 2023 work program at the Property; All statements that are not factual – statements of appearance. These forward-looking statements reflect the expectations or beliefs of our management based on currently available information. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed in our filings with securities regulators from time to time. This could cause actual results to differ materially from those set forth in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this release and the Company may not make any forward-looking statements or statements as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise the information. except as required by applicable securities laws.
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