Monger Gold kicks-off due diligence exploration program at Brisk lithium project
92 Energy has discovered a new zone of uranium mineralisation in Canada’s Athabasca Basin.
Monger Gold (ASX: MMG) has kicked off an inaugural exploration program across the entire Brisk lithium project area in Canada’s prolific James Bay district.
The program will form a critical part of the company’s due diligence review prior to closing out its option to acquire the project from asset generation firm DG Resource Management.
DG was responsible for identifying the potentially world-class Corvette lithium project now owned by Patriot Battery Metals and located 80 kilometres to the east of Brisk.
Monger’s program at Brisk will include helicopter-supported surface exploration, prospecting and geochemical sampling to confirm several potential lithium targets within six prospects over a total 98.5 square kilometres.
Exploration will be managed by Canadian firm Dahrouge Geological, which is accredited with significant discoveries across commodities including lithium, rare earths, uranium and specialty metals.
Project ownership
Monger chief executive officer Adam Ritchie said the inaugural program was an important step towards project ownership.
“This program is a critical step in our option period as we aim to test and confirm several of the targets for their potential to contain lithium,” he said.
“I am looking forward to joining the team in the field and reporting back on the findings as we move towards completing this transaction and securing 100% of Brisk.”
Brisk acquisition
In August, Monger executed an exclusive option to acquire 100% of the Brisk project, located along trend from Corvette and the Cancet project (owned by Winsome Resources, ASX: WR1).
It is also located within proximity to the La Grande Complex, which is one of the world’s largest hydroelectric developments providing carbon-free energy and associated infrastructure (including the all-weather Trans-Taiga road) for the region’s future mine developments.
Brisk was initially identified by Dahrouge using similar methods which led to the identification of Corvette, and is prized for its potential to contain hard rock, pegmatite-hosted lithium mineralisation.
The project comprises six prospects over a large area and is host to several known pegmatite outcrops however it has not been subject to historical lithium-focused exploration.
Mr Ritchie said the acquisition of Brisk would complement the Scotty lithium project in the US state of Nevada which hosts lithium brines and clay.