Canada Silver Cobalt has reported the latest results from its ongoing exploration program at the St-Denis Lithium Project in Ontario, Canada, with twelve new pegmatites found during recent fieldwork.
Pegmatites are a rock type that contain useful minerals within it, such as lithium, cobalt, and other elements important to the modern tech industry. Clearly, finding new pegmatites is a positive development as they hold the potential for significant lithium and cobalt deposits.
The twelve new pegmatites have been identified along two regional trends within the project area. They range in size from small, closely spaced bodies to larger, more long-lived bodies. Several new high-grade lithium-bearing samples have been taken from these new pegmatites, and the company is currently awaiting their results.
Additionally, Canada Silver Cobalt has conducted geophysics work on the project to better understand the subsurface of the area. Magnetic surveys, combined with ground truthing, have identified several new high-grade targets for further exploration.
So far, the St-Denis Lithium project has seen an incredibly positive response from the market, with Canada Silver Cobalt stock climbing significantly in value in the wake of these recent findings. Moving forward, the company hopes to build on these new pegmatites with further exploration to determine the viability of long-term mining efforts.
The St-Denis Lithium project is part of Canada Silver Cobalt’s goal of becoming a leader in production for essential elements critical to the modern tech industry. The company’s savvy and streamlined efforts have allowed them to swiftly identify and target high-grade areas within the project, and investors are no doubt eager to learn more of what these results may potentially uncover.
