Eureka Lithium Advances Due Diligence on Lac La Motte Lithium Project
Eureka Lithium Corp. continues its detailed review and assessment of the Lac La Motte lithium project, as part of its ongoing due diligence under the letter of intent with Medaro Mining Corp. This process is a precursor to the negotiation and drafting of the Definitive Agreement with Medaro.
The Lac La Motte property, situated in the La Corne township of the Abitibi-Témiscamingue region, Quebec, is approximately 40 km northwest of Val d'Or. This region, known for spodumene lithium occurrences since the 1950s, is part of the La Corne Batholithe, recognized globally for its potential in hard rock lithium deposits.
Positioned midway between the North American Lithium (NAL) mine and the Authier project, the Lac La Motte project is poised to become part of an emerging lithium hub in the area. Its proximity to these key sites, along with numerous advanced and early-stage projects, underscores its strategic importance.
Jeff Wilson, CEO of Eureka Lithium, expressed optimism about the project's potential. He highlighted the favorable terms under which Eureka could earn a 100% interest in the project, enabling significant investment in exploration and drilling. The project, already drill-ready and permitted, is poised for further exploration in the coming months.
Identified Areas of Interest
Two key areas of interest have been identified on the Lac La Motte Property: the West Target and East Target. The East Target, located near Lac La Motte's southeast corner, has shown promising spodumene occurrences, confirmed by sampling, prospecting, mapping, and a nine-hole diamond drill program in 2022.
Highlights of the Work Results
The surface samples from the main La Motte showing have indicated lithium oxide (Li2O) values ranging from less than 0.02% Li2O to 2.58% Li2O. Several drill holes have intersected pegmatites with varying Li2O concentrations.
