Vital Battery Metals strengthens its battery metals portfolio with the acquisition of its Schofield Lithium Project
The Schofield Lithium Project is adjacent to Brunswick Exploration’s Lowther Pegmatite Project
With 17 pegmatite outcrops mapped on the project and a preferred geological setting, the Schofield Lithium Project has potential for LCT-style mineralization
Adjacent to Brunswick Exploration’s Hearst Lithium Project
Brunswick Exploration’s Hearst package assays 5.15% Li2O in historic chip samples (see Brunswick Exploration Inc. news release dated October 3, 2022).
There are 17 mapped pegmatite outcrops on the project that have not been thoroughly tested for LCT mineralization.
The project is located 15km north of the terrane boundary of the Quetico-Wawa Sub-province. It has been recognized that these deep-lying regional structures play a role in the LCT pegmatite mineralization.
Located in the Quetico sub-province, hosts a variety of evolved S-type granitoids and pegmatites hosted by metamorphosed sediments (paragneisses) and metavolcanoes.
VANCOUVER, British Columbia, March 7, 2023 (GLOBE NEWSWIRE) — Vital Battery Metals Inc. (“vital” or the “Pursue“) (CSE: VBAM |OTC: VBAMF | FR: COO), is pleased to announce that it has entered the lithium market by acquiring the Schofield Lithium Project for the cost of staking (“Schofeld” or the “Project“). The project consists of 416 single cell mining claims covering approximately 8,824 hectares and is located approximately 60 km south of Hearst, Ontario. The project is easily accessible via the logging road network and is located just south of Brunswick Exploration’s Hurst Lithium Project. The project was staked based on preferred geological settings and historical mapping of pegmatite outcrops.
Adrian Lamoureux, Chief Executive Officer and President of Vital, commented, “Our management team has a strong history in the lithium sector as demonstrated by our work with Patriot Battery Metals and the acquisition of the Corvette property. We firmly believe that the Northern Ontario region is underexplored and that this project acquisition offers a low risk opportunity to add value to the Company. With our Schofield lithium project in Ontario, Canada, our Sting copper project in Newfoundland, Canada and our Vent copper-gold project in British Columbia, we are building a portfolio of strong properties that will continue to deliver shareholder value. We will continue to build a robust and diverse critical mineral project portfolio.”
Figure 1: Map of the Schofield Vital Battery Metals Lithium Project
Schofield Project geology
Historical mapping indicates that there are 17 pegmatite outcrops on the project1. These range in size from decimeter veins to ~1600m x ~500m. Although mapping indicates that pegmatites are present on the project, the Company has yet to confirm the dimensions, extent or any mineralization found on the project could be present. The project area was underexplored, but from 1960 to 2001 there was sporadic exploration for gold, base metals and more recently diamonds. None of the work completed on the project focused on the economic potential of the existing pegmatites.12
The project is located in the Quetico sub-province and hosts a variety of developed S-type granitoids and pegmatites hosted by metamorphic sediments (paragneisses) and metavolcanoes. The sub-province of Quetico is home to several pegmatic schools such as Georgia Lake, Lowther, and Wisa Lake. The pegmatites in the Quetico Subprovince are derived from intermediate-grade, non-migmatized metawacke with subordinate embedded metapelite (e.g., spodumene-subtype Wisa Lake pegmatite and albite-spodumene-type Georgia Lake pegmatite) and their parent granite (e.g., petalite -Subtype MNW pegmatite and lepidolite) -Subtype Lowther Township pegmatite) (Pye 1965; Breaks, Selway and Tindle 2003a, 2003b).12
Figure 2: Schofield Lithium Project claim map
The technical information contained in this news release has been reviewed and approved by Mr. Garry Clark, P.Geo., a “qualified person” as defined by National Instrument 43-101 – Disclosure Standards for Mineral Projects.
The reader is cautioned that mineralization on nearby or adjacent properties does not necessarily indicate that mineral resources may be discovered at the Schofield Lithium Project or, if discovered, that such resources would be economically recoverable.
About Vital Battery Metals Inc.
Vital Battery Metals Inc. (CSE: VBAM | OTC: VBAMF | FRA: C0O) is a mineral exploration company dedicated to the development of strategic projects encompassing battery, base and precious metals in stable jurisdictions. The Company is working to advance its Schofield Lithium, Sting Copper and Vent Copper-Gold projects.
The Schofield Lithium Project covers 8,824 hectares and is adjacent to Brunswick Exploration’s Hearst Lithium Project. With 17 pegmatite outcrops mapped on the project and a favorable geologic setting, the Schofield Lithium Project has potential for LCT-style mineralization. The project is located approximately 60 km south of Hearst, Ontario.
The Sting Project covers approximately 12,700 hectares and hosts several historical Newfoundland and Labrador Government-documented mineral occurrences and is located within a 50 km corridor known for significant volcanogenic massive sulphides (VMS), copper-quartz veins and low-sulphate epithermal gold occurrences . The Vent copper-gold project covers 1,562 hectares in British Columbia. Vital continues to evaluate value-add assets to strengthen its project portfolio.
Visit www.vitalbatterymetals.com for more information
On behalf of the Board of Directors
Chief Executive, Director
+1 (604) 229-9772
1 – Berger, BR, MacMillan, DW and PL Roy 1986: Precambrian Geology of Caithness, and Parts of Schofield, Pellitier, and Doherty Townships, Hearst-Kapuskasing Area, Algoma and Cochrane Districts; Ontario Geological Survey, Geological Series – Preliminary Map p.2961. Scale 1:31,680. Geology 1985.
2 – Breaks, FW, Selway, JB, and Tindle, AG, 2003, Fertile peraluminous granites and associated rare-element pegmatite mineralization, Superior Province, NW and NE Ontario: Operation Treasure Hunt, Ontario Geological Survey, Open File Report 6099, 179 pp .
Disclaimer for Forward-Looking Information
This press release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, programs, forecasts, projections, goals, assumptions, expectations or beliefs regarding future performance, including statements regarding the project acquisition, the a low-risk motoring opportunity provides significant value to the Company, the Company’s build-up of a portfolio of strong properties that will continue to deliver shareholder value, and the Company’s continued build-out of a robust and diverse portfolio of critical mineral projects are “forward-looking statements”. Forward-looking statements in this press release include, but are not limited to, statements regarding the project and its potential for mineralization; the company’s objectives, goals or future plans in relation to the project; the commencement of drilling or exploration programs in the future. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to them. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed in the Company’s filings with securities regulators from time to time, which could cause actual results to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable law securities laws is required.
The Canadian Securities Exchange (CSE) accepts no responsibility for the adequacy or accuracy of this press release.
Photos accompanying this announcement are available at