Eureka Conducts Portfolio-Wide Sampling Program and Identifies Large, Outcropping Pegmatites at New Leaf Project, Nunavik, Quebec
Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) has completed an extensive exploration program at its New Leaf project in Nunavik, Quebec. The program included 576 till samples, 404 rock samples, and 153 lake sediment samples. Notably, large, zoned pegmatitic outcrops were discovered in the Leaf River West and SR Leaf River West properties, containing minerals such as garnet, tourmaline, and muscovite. These pegmatites are part of a regional NW/SE trending swarm. The company is now moving to conduct similar fieldwork at the Raglan West and Raglan South projects. Eureka emphasizes the importance of Inuit consultation in their exploration efforts, having engaged with local communities to plan their programs.
Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) ha completato un ampio programma di esplorazione presso il suo progetto New Leaf in Nunavik, Quebec. Il programma ha incluso 576 campioni di till, 404 campioni di roccia e 153 campioni di sedimenti lacustri. È stata una scoperta notevole quella di ampie affioramenti pegmatitici zonati nelle proprietà Leaf River West e SR Leaf River West, contenenti minerali come granato, tormalina e muscovite. Questi pegmatiti fanno parte di uno sciame regionale che si estende da NW a SE. L'azienda sta ora procedendo a condurre lavori di campo simili presso i progetti Raglan West e Raglan South. Eureka sottolinea l'importanza della consultazione Inuit nei propri sforzi di esplorazione, avendo collaborato con le comunità locali per pianificare i propri programmi.
Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) ha completado un amplio programa de exploración en su proyecto New Leaf en Nunavik, Quebec. El programa incluyó 576 muestras de till, 404 muestras de roca y 153 muestras de sedimento de lago. Es notable el descubrimiento de grandes afloramientos pegmatíticos zonados en las propiedades Leaf River West y SR Leaf River West, que contienen minerales como granate, turmalina y moscovita. Estos pegmatitos son parte de un enjambre regional en dirección NW/SE. La empresa ahora se está moviendo a realizar trabajos de campo similares en los proyectos Raglan West y Raglan South. Eureka enfatiza la importancia de la consulta Inuit en sus esfuerzos de exploración, habiendo colaborado con las comunidades locales para planificar sus programas.
유레카 리튬 코퍼레이션 (CSE: ERKA) (OTCQB: UREKF)은 퀘벡 누나빅에 있는 뉴 리프 프로젝트에서 대규모 탐사 프로그램을 완료했습니다. 이 프로그램에는 576개의 틸 샘플, 404개의 암석 샘플 및 153개의 호수 퇴적물 샘플이 포함되었습니다. 특히, 리프 리버 웨스트 및 SR 리프 리버 웨스트 지역에서 대규모로 구획이 나눠진 페그마타이트 노출이 발견되었으며, 여기에는 가닛, 투어말린 및 뮈스코바이트와 같은 광물이 포함되어 있습니다. 이러한 페그마타이트는 NW/SE 방향으로 지역적으로 형성된 군집의 일부입니다. 회사는 현재 라글란 웨스트 및 라글란 사우스 프로젝트에서 유사한 현장 작업을 진행할 예정입니다. 유레카는 이누이트 상담의 중요성을 강조하며, 지역 사회와 협력하여 프로그램을 계획해왔습니다.
Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) a terminé un large programme d'exploration sur son projet New Leaf à Nunavik, Québec. Le programme a inclus 576 échantillons de till, 404 échantillons de roche et 153 échantillons de sédiments lacustres. Il est à noter que d'importants affleurements pegmatitiques zonés ont été découverts dans les propriétés Leaf River West et SR Leaf River West, contenant des minéraux tels que grenat, tourmaline et muscovite. Ces pegmatites font partie d'un essaim régional orienté NW/SE. L'entreprise se prépare maintenant à mener des travaux de terrain similaires sur les projets Raglan West et Raglan South. Eureka souligne l'importance de la consultation inuit dans ses efforts d'exploration, ayant collaboré avec les communautés locales pour planifier ses programmes.
Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) hat ein umfassendes Explorationsprogramm in seinem New Leaf-Projekt in Nunavik, Quebec, abgeschlossen. Das Programm umfasste 576 Till-Proben, 404 Gesteinsproben und 153 Seesedimentproben. Bemerkenswert ist die Entdeckung großer, zonierter pegmatitischer Aufschlüsse in den Leaf River West und SR Leaf River West Liegenschaften, die Mineralien wie Granat, Turmalin und Muskovit enthalten. Diese Pegmatite sind Teil eines regionalen NW/SE verlaufenden Schwarmes. Das Unternehmen plant nun, ähnliche Feldarbeiten in den Projekten Raglan West und Raglan South durchzuführen. Eureka betont die Bedeutung der Inuit-Konsultation in ihren Explorationsbemühungen und hat mit den lokalen Gemeinschaften zusammengearbeitet, um ihre Programme zu planen.
- Completed extensive sampling program with 576 till samples, 404 rock samples, and 153 lake sediment samples
- Discovered large, zoned pegmatitic outcrops in Leaf River West and SR Leaf River West properties
- Identified pegmatites containing potentially valuable minerals like garnet, tourmaline, and muscovite
- Expanding exploration to Raglan West and Raglan South projects
- Implemented rigorous QAQC program and pre-laboratory XRF analysis for sample evaluation
- Assay results from collected samples are still pending
- Economic viability of discovered pegmatites not yet determined
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka Lithium" or "Eureka" or the "Company), owner of the largest lithium-focused land package in the top third of Quebec, is actively underway in its 2024 exploration program targeting lithium-bearing pegmatite deposits in the mineral-rich region of Nunavik.
Eureka Lithium is pleased to announce the completion of an aggressive field exploration program at the New Leaf project. This program set out to perform follow-up prospecting, till and lake sediment sampling within areas previously prospected during the Company's 2023 field work. Additionally, reconnaissance prospecting was completed within the newly acquired add-on ground at the Leaf River West and SR Leaf River West properties.
Preliminary Results from New Leaf
The GroundTruth team successfully completed 576 samples in the till program, 404 rock samples, and 153 lake sediment samples.
The new Leaf River West and SR Leaf River West properties contain the largest and most interesting pegmatites observed to date by the field crew. A particularly large, zoned pegmatitic outcrop in the Leaf River West block contains some regions bearing garnet, tourmaline and minor muscovite. This pegmatite is hosted within a metasedimentary package and is hypothesised to be within a fault zone. Pegmatites observed in the SR Leaf River West property contained an abundance of 1-10 cm scale muscovite, tourmaline and garnet. The pegmatites across all Eureka claims are trending NW/SE and are hypothesised to be part of a regional pegmatite swarm. Extensive samples have been collected in both these zones of pegmatites and are pending assay results.
The samples collected during this program are being initially scanned and sorted in the field using a handheld XRF analyzer and all samples will be sent to the laboratories for analysis. A field quality assurance program has been developed which includes retaining traverse trackfiles, inserting QAQC samples for assays, and retaining digital data files of all geological data collected.
DJ Bowen, Eureka interim-CEO commented: "The New Leaf area has shown great prospective geology and we are looking forward to receiving the final results of this 2024 program."
Figure 1: Highlighted pegmatite number 1. (A) close up image of weathered surface. (B) map of claim area, star indicates pegmatite one and diamonds indicate other mapped pegmatites. (C) image depicting extent of visible outcrop. (D) close up of fresh surface with tourmaline.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9639/222087_ad1097f5a4c0f952_002full.jpg
Figure 2: Highlighted pegmatite number 2 and 3. (A) Outcrop extent of pegmatite number 3. (B) close-up of a nearby occurrence of equal composition to pegmatite 2 and 3. Muscovite, garnet and tourmaline observed. (C) close up of pegmatite 2 showing several cm scale tourmaline. (D) map of claim location of pegmatite 2 and 3 (stars) and other mapped pegmatites (diamonds)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9639/222087_ad1097f5a4c0f952_003full.jpg
Figure 3: Map of New Leaf properties with highlighted pegmatites (star) and other mapped pegmatites (diamonds)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9639/222087_ad1097f5a4c0f952_004full.jpg
Remaining Nunavik Programs for 2024
With completion of the New Leaf program, the GroundTruth Exploration field crew will move north to conduct similar fieldwork at the Raglan West and Raglan South projects. Crews will begin at the Raglan West property, working from the town of Salluit. This program will build on the follow-up work from fall 2023 with extensive till sampling, lake sediment sampling, and infill prospecting.
The GroundTruth team will then mobilize for the final program at Raglan South, consisting of till sampling, lake sediment sampling, and detailed follow-up prospecting based on 2023 results. These programs will employ the same rigorous QAQC program and pre-laboratory XRF analysis.
Importance of Inuit Consultation
The New Leaf program was planned with the help of discussions with local Inuit communities. Erin Bros (géo), Senior Geologist & Indigenous Relations Advisor with GroundTruth consulted on behalf of Eureka with local Inuit landholding corporations (LHC) of Nayumivik and Arkivik during fall 2023, as well as spring 2024 to help determine best timing for the New Leaf field program. Mitigation measures were put in place at the request of Arkivik LHC from the community of Tasiujaq. Both Eureka and GroundTruth believe that proper respect to Inuit communities is necessary for a successful field program and longevity of exploration in Nunavik. After completion of all field programs this season, GroundTruth will proceed with a Nunavik community tour on behalf of Eureka to present and discuss the 2024 field programs with local Inuit communities across all Nunavik programs.
Corporate Video
To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:
https://www.youtube.com/watch?v=9Vvm0zfNFp4
Corporate Presentation
Visit the Eureka Lithium homepage or click on the following URL to view the Company's Corporate Presentation:
https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Eureka Lithium Corp.
Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100-per-cent ownership of three projects comprising 1,408 square km in the emerging Raglan West, Raglan South and New Leaf lithium camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access. The recent acquisition of the La Motte lithium project near Val D'Or, Quebec broadens Eureka Lithium's holdings into the heart of Canada's major lithium production district.
For more information please contact:
DJ Bowen
Interim Chief Executive Officer
Email: info@eurekalithiumcorp.com
Cautionary Statement
Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222087
FAQ
What are the key findings from Eureka Lithium's (UREKF) New Leaf project exploration in 2024?
How many samples did Eureka Lithium (UREKF) collect during its 2024 New Leaf project exploration?
What are Eureka Lithium's (UREKF) plans for further exploration in Nunavik, Quebec in 2024?
How is Eureka Lithium (UREKF) engaging with local Inuit communities for its exploration activities?
