Patriot Lithium secures largest land claim in ‘Electric Avenue’
Tylah Tully, Market Bull
Patriot Lithium is expanding its lithium exploration by acquiring an additional 536 square kilometers (330 miles), encompassing the Berens Project from Midex Resources and the Borland Project from Gold Canyon Resources and Guyana Frontier Mining Corp.
This will make Patriot the largest claim holder in the emerging and prospective ‘Electric Avenue,’ located in Northwest Ontario, with a regional claim package exceeding 890 square kilometers (553 miles).
Patriot Lithium’s chief executive officer and managing director Nicholas Vickery said that the acquisition is a significant step for the company.
“These strategic transactions involving the Berens and Borland Projects are transformational for Patriot in the region, increasing our potential claim holding in the highly prospective ‘Electric Avenue’ lithium district in Ontario by an enormous 250 percent to around 890 square kilometers,” he said.
“Upon completion of these acquisitions, Patriot will be the largest semicontiguous claim holder in the region. Patriot has now acquired or secured rights over 70 kilometers of strike length along one of the most exciting lithium regions in the world.”
The Berens Project
Patriot Lithium’s first transaction involves an option to purchase claims that cover the Berens Project from Midex Resources. Should the option be exercised, the company will expand its holdings by an additional 486 square kilometers (301 miles) to the north of Red Lake, Ontario.
The Berens Project strategically occupies a position along the Bearhead Lake fault zone in Northwestern Ontario, which is a significant geological formation known for hosting numerous substantial two-mica granite intrusions with associated spodumene-bearing pegmatites.
Acquiring these new tenements, Patriot now commands nearly 900 square kilometers (559 miles) along and surrounding Bearhead Lake fault zone, including over 70 kilometers (43 miles) of strike along this promising geological area. The Bearhead Lake fault zone already hosts Patriot’s Gorman Project in the northwest and Frontier Lithium‘s PAK-Spark Project in the southeast.
Patriot’s Gorman Project maintains its steady progress, marked by the release of encouraging findings from its inaugural channel sampling program. These results underscore the significant potential for substantial lithium mineralization, solidifying Gorman’s position as a compelling exploration project in the lithium industry.
In the Phase 3 follow-up geochemistry program at the project, Patriot confirmed the presence of high-grade lithium mineralization within a 5.2-kilometer (3.23 miles) trend of exposed pegmatites. This strategic transaction now positions Patriot’s claims to border and partially envelop Frontier’s claims, which house the world-class PAK-Spark Project. The PAK-Spark Project is renowned for being one of the largest and highest-grade lithium deposits in North America.
Until 2022, all exploration efforts at the Berens Project focused on polymetallic mineralization, primarily gold, silver and zinc. However, in 2022, Midex initiated a brief 10-day prospecting program along the Bearhead Lake fault zone. During this reconnaissance, they identified pegmatite outcrops, including a 200-meter (0.124 miles) wide corridor with individual pegmatites of up to 40 meters (0.024 miles) in visible width, signifying the presence of white, fractionated pegmatites.
This presents significant opportunities for Patriot, as the pegmatites identified here seem to share a similar style with the high-grade lithium-mineralised G0-G3 pegmatites at its Gorman Project to the north.
You can read more about Patriot’s expansion plans here.
Photo courtesy of Patriot Lithium and is an image of the Midex Resources Barens North project in Ontario, Canada.