Spod Lithium Announces Discovery Of Several Pegmatite Outcrops At Spod’s Megali Lithium Project In James Bay Quebec
VANCOUVER, British Columbia, Oct. 04, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:SPODF) is pleased to provide shareholders with an exploration update on its MegaLi project located approximately fifty (50) kilometres south-southwest of the 2779 MW LG4 hydropower facility and 16 km from all-weather road access, JamesBay. The property consists of 78 mining claims covering a total area of 3,996.67 hectares (40 square kilometers) and is accessible by helicopter operating from a camp located along the hydropower reservoir.
- The MegaLi project shares its border with Patriot Battery Metals Inc’s Corvette property and is located about 3 km south from CV5 pegmatite system.
- A significant discovery was made on Block “C” where multiple large pegmatite intrusions follow the north-east regional structural trend.
- Host rocks of the pegmatite observed are composed mainly of amphibolite, although described as a tonalite on the MERN website.
- Martin has put together a comprehensive exploration program on the Megali lands and more specifically on Block “C”.