Rockland Resources to Acquire Wapistan Lithium Project, Canada
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Rockland Resources Ltd. has signed an option agreement to acquire a 100 percent interest in the Wapistan Lithium Project located within the James Bay region of Quebec.
“We are extremely excited to acquire such a large land package covering one of the most promising Greenstone Belts in the James Bay Region of Quebec,” said Mike England, CEO of Rockland.
“Recent exploration by both Q2 Metals and Ophir Gold has shown the western part of the belt to host a number of spodumene bearing pegmatites. While Patriot Battery Metals has demonstrated the James Bay region to host the potential for a world class lithium discovery,” added England.
The Wapistan Lithium Project is a large land package comprised of 219 claims (10,722 hectares) over two claim blocks (Wapistan East and West). The property is easily accessed by all-season roads, hydro, and has two nearby communities offering exploration and mining services.
The Wapistan East Property is underlain by approximately 20 kilometers of the Yasinski Group volcano-sedimentary rocks (greenstone belt). The Wapistan West property is underlain by approximately 11 kilometers of the Yasinski Group rocks.
The Wapistan Project has never been explored with lithium or critical elements in mind, despite the well positioned location. At Wapistan, a small number of pegmatites are described within the regional provincial SIGEOM database. The company has retained Dahrouge Geological Consulting Ltd. to complete a comprehensive property-wide compilation of historical data, and a review and interpretation of high-resolution satellite photos, in order to generate exploration targets for the upcoming field season.
The proposed transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, approval of the Canadian Securities Exchange. A 21-day due diligence period has been granted to Rockland. The proposed transaction would be an arm’s-length transaction for the company and would not constitute a fundamental change or result in a change of control of the company, within the meaning of the policies of the CSE.
About Rockland Resources
Rockland Resources Ltd. engages in the acquisition and exploration of mineral properties in Canada and Mexico. It explores for gold, uranium, and lithium deposits. Rockland Resources Ltd. was incorporated in 2020 and is headquartered in Vancouver, Canada.
To stop by Rockland Resources’ website, CLICK HERE
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