Musk Metals Receives Complete Drilling Results ON Its 100% Owned “Elon” Lithium Project in Quebec, Canada and Provide Interpretation of Results
MUSK METALS RECEIVES COMPLETE DRILLING RESULTS ON ITS 100% OWNED “ELON”
LITHIUM PROJECT IN QUEBEC, CANADA AND PROVIDE INTERPRETATION OF RESULTS
April 3, 2023, VANCOUVER, BC – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK)
(OTC: EMSKF) (FSE: 1I30) is pleased to announce it has received its assay results from the 2022 drilling campaign
on its 100% owned "Elon" lithium project in La Corne, Quebec. Four drill holes were drilled on the west part of the
Property from October 22nd (see news release dated December 28th) to November 1st.
The drill planning objectives were to test magnetic lows, possible sources of soil anomalies or interpreted contacts .
Magnetic low targets were identified by Dynamic Discoveries Geosciences using high resolution heliborne magnetic
survey (Dubé, 2021) and DEM. Low magnetic corridors emanating from the interpreted intrusion were identified,
with possible dyke swarms cross-cutting the interpreted intrusions, which are concordant with till anomalies, showing
a similar context as the Quebec Lithium Mine located 600m south-west of the Elon Lithium Property (the “Property”).
The Program
A summer trail opening campaign was conducted with the aim to expose bedrock. All the trenches were terminated
before reaching bedrock, as the overburden was too thick. Following the trenching campaign , four drill holes
(“DDH”) were successfully completed (see news release dated December 28th). The overburden in the area is thick,
with thickness ranging from 20 to 39m of sand. All the drilled holes reached a depth of 150m.
Although the geochemical assays show anomalous lithium content, no lithium minerals were visualized during the
logging. The Company’s technical team is of the opinion that the lithium anomalies are generated by alteration and
will try to further investigate the source of the anomalies in the upcoming work programs. Initial targets and expected
pegmatite bodies were not reached. Magnetic anomalies were not explained, and possible sources of soil anomalies
were not identified. Unexpected Chromium and Nickel values were intersected in hole EL22-001 in sheared andesite,
as well as gold and silver values in hole EL22-007 in a volcanoclastic volcanic tuff unit. It is important to note that
this first drill phase is very limited in length and additional drilling will allow to further inspect the Property.
Table 1: Drill Holes Assay Results
Drill Hole ID From (m) To (m) Length (m) Average Result (ppm)
EL22-001 61.1 61.9 0.8 1255 Cr + 1260 Ni
62.6 63.6 1 1160 Cr + 1360 Ni
EL22-003 49.3 51.1 1.8 48.05 Li
EL22-004 55 55.5 0.5 48.9 Li
97.75 99 1.25 41.1 Li
EL22-007 71.75 73.1 1.35 0.246 Au + 1.15 Ag
Figure 1. Overview of Elon Property 2022 Drilling Campaign
Next Steps
In the upcoming days, the Company plans to split the rest of the cores adjacent to the anomalies and send additional
sections for assaying. Th is way, the lithium, nickel, and gold anomalies will be investigated to determine possible
extensions. Further geochemical interpretations will be conducted to better understand the geological context of the
area.
The Company is currently planning for a new drilling campaign which will take into account the new results as well
as adjacent properties results. The Company is also investigating the possibility of doing till sampling at the bedrock
interface with the use of a small drill, in order to follow up on the previously discovered lithium anomalies and to
better localize its source. Other planned work include addi tional prospecting for boulders, which hosted lithium
anomalies in the previous surveys.
Musk Metals CEO, Nader Vatanchi states, "This maiden drill program on the Elon Property allowed the Company’s
technical team to obtain significant information about the local geology. The Elon Property is located approximately
600m from the Quebec Lithium mine and we expect that additional work will lead to furth er discoveries. The Elon
Property hosts lithium anomalies in till samples, and the current work completed and future work to take place aim
at finding the source of those anomalies on the Property. The Company already defined lithium anomalies in
pegmatite that are part of glacial floats. Currently, the focus is to find the source of those boulders in order to find out
if additional mineralization is located at its source or in its surrounding."
The Property and Adjacent Properties
The Elon Property is strategically located in Abitibi, Qc at approximately 600 meters northeast of North American
Lithium Project (recently acquired by Sayona Québec) and formerly known as Mine Québec Lithium. North
American Lithium produced over 907,000 tons of material at 1.40% Li2O between 1955 and 1965 (Boily et al, 1989).
In a June 28th, 2022 news release, Sayona Québec formally approved the restart of North American Lithium operation
for lithium extraction and spodumene concentrate production. In September 2022 Sayona announced a 200 million
dollars contract for the mining operations (September 27 th, 2022 press release) . In March 2023, Sayona reported
having produced 1200 tons of lithium concentrate from North American Lithium (March 15th, 2023 news release).
Jourdan Resources is investigating a pegmatite field approximately 1000 m SE of the Elon Property , has reported
lithium content of up to 2.38% Li2O over 0.90m and 1.33% Li2O over 5.25m in pegmatites (June 9th, 2022 and July
7th, 2022 news release) and 1.23% over 4.15m (February 15th, 2023 press release)
References:
Boily, M., Pilote, P., Raillon, H., 1989: La métallogénie des métaux de haute technologie en Abitibi-Témiscamingue.
Ministère des Ressources Naturelles, MB 89-29.
Dubé, J., 2021: Technical Report, High-Resolution Heliborne Magnetic Survey, Elon Lithium Property. Dynamic
Discovery Geoscience for Musk Metal Corp. GM 72093.
Jourdan Resources inc., June 9 th, 2022 news release. Jourdan Announces First of Eighteen Drillholes Assay Results
With Li20 Grades.
https://jourdaninc.com/jourdan-announces-first-of-eighteen-drillhole-assay-results-with-li2o-grades/
Jourdan Resources inc., July 7th, 2022 news release. Jourdan Announces More Elevated Li20 Grades From Its Drill
Campaign.
https://jourdaninc.com/jourdan-announces-more-elevated-li2o-grades-from-its-drill-campaign/
Jourdan Resources Inc., September 15th, 2022 news release. Jourdan Announces Soil Sampling Program Expansion
And Arrival Of Second Drill To Accelerate Completion Of Its Phase 3 Summer Drill Campaign.
https://jourdaninc.com/jourdan-announces-soil-sampling-program-expansion-and-arrival-of-second-drill-to-
accelerate-completion-of-its-phase-3-summer-drill-campaign/
Jourdan Resources Inc., February 15th, 2023 news release. Jourdan Intersects 1.23% Li2O over 4.15m at Vallée.
https://jourdaninc.com/jourdan-intersects-1-23-li2o-over-4-15-m-at-vallee/
Sayona Québec inc. June 28 th, 2022 news release. Sayona & Piedmont Formally Approve NAL Restart .
https://sayonamining.com.au/wp/wp-content/uploads/2022/06/SYA_NAL-restart_28-Jun-22.pdf
Sayona Québec inc. September 27th, 2022 news release. Sayona et L. Fournier & Fils signent un contrat historique
pour les opérations minières.
https://www.sayona.ca/wp-content/uploads/2022/09/Communique-Entente-Fournier-2.pdf
Sayona Québec inc. March 15th, 2023 news release. 1200 Tonnes de Concentré de Lithium Commercialisable
Produites au Complexe Lithium Amérique du Nord.
https://www.sayona.ca/wp-content/uploads/2023/03/PR_14_mars_2023.pdf
Qualified Person
This press release was prepared by Pierre-Alexandre Pelletier, P.Geo OGQ, and Steven Lauzier, P.Geo OGQ whom
are qualified persons as defined under National Instrument 43 -101, and who reviewed and approved the geological
information provided in this news release.
About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-
stage mineral properties located in some of Canada's top mining jurisdictions. The growing portfolio of mineral
properties exhibit favorable geological characteristics in under-explored areas within the prolific "Electric Avenue"
pegmatite field of northwestern Ontario, the "Abitibi Lithium Camp" of southwestern Quebec, the "Golden Triangle"
district of British Columbia, the Mineral Rich "Red Lake" mining camp of Northwestern Ontario and the "Chapais -
Chibougamau" mining camp, the second largest mining camp in Quebec, Canada.
Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at
http://www.muskmetals.ca/
ON BEHALF OF THE BOARD
___Nader Vatanchi___
CEO & Director
For more information on Musk Metals, please contact:
Phone: 604-717-6605
Corporate e-mail: [email protected]
Website: www.muskmetals.ca
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical fact that
address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the
future are forward-looking statements. Forward-looking statements in this news release include, but are not limited
to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans
of the Company. The forward-looking statements reflect management’s current expectations based on information
currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially
from those discussed in the forward-looking statements including that the Company may use the proceeds of the
Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors
beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-
looking statements are reasonable, forward-looking statements are not guarantees of future performance and,
accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could
cause actual results or events to differ materially from current expectations include general market conditions and
other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise,
except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents or accuracy of this press release.