SAGA Metals announces commencement of exploration programme by Rio Tinto
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Saga Metals Corp., a North American exploration company focused on critical mineral discovery in Canada, has announced that Rio Tinto Exploration Canada (RTEC) has commenced its initial exploration programme on the Legacy Lithium project.
Saga and RTEC executed an option to joint venture agreement on 28 June 2024 (the “Option Agreement”) on the Legacy Lithium Project in the renowned James Bay Lithium District.
RTEC is a Canadian subsidiary of the Rio Tinto Group.
The Legacy Lithium Project is located in Quebec’s Eeyou Istchee James Bay region.
The Legacy Lithium project is a lithium-cesium-tantalum (LCT) pegmatite exploration project consisting of an aggregate of 663 claims covering an area of 34 243.76 ha. These claims are subject to the Rio Tinto Option to Joint Venture Agreement.
RTEC will act as project operator under the Option Agreement during the First Option period and the Second Option period. Saga and RTEC have formed a technical committee to review and prepare exploration programmes.
The inaugural programme operated by RTEC has commenced, with plans to have boots on the ground for 2 weeks. This first phase will focus on scouting pegmatites using the helicopter, as well as sighting landing pads for reconnaissance mapping and prospecting. This phase will also draw the first observations of outcrop abundance and regional to property scale geology; special focus is to be paid to shear zones that are known to host pegmatites in the area.
Airborne magnetics and radiometrics surveying are scheduled to commence on August 11th. Results from this survey, as well as early geochemical data will be reviewed prior to the next phase of fieldwork.
Read the article online at: https://www.globalminingreview.com/mining/13082024/saga-metals-announces-commencement-of-exploration-programme-by-rio-tinto/
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