Musk Metals Announces IT Will Begin Drilling ON Its 100% Owned “Elon” Lithium Project in Quebec
MUSK METALS ANNOUNCES IT WILL BEGIN DRILLING ON ITS 100% OWNED “ELON”
LITHIUM PROJECT IN QUEBEC, CANADA
October 5, 2022, VANCOUVER, BC – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK)
(OTC: EMSKF) (FSE: 1I30 ) is pleased to announce it will start its fifth exploration program for Phase 1, on its
100% owned "Elon" lithium project in Quebec. Intervention permit has been recently received for the drill program.
The Company proceeded to trench ing in 2022 but the ove rburden thickness was too significant to obtain samples
beneath the overburden. The Company then requested the additional permitting to support a diamond drill campaign.
The drilling work will start after the hunting season, around the end of October, and will be targeting magnetic
anomalies and possible source of soil anomalies from the previously completed soil surveys.
Dynamic Discoveries Geosciences was previously mandated to identify targets using high resolution heliborne
magnetic survey (2021) and DEM. Possible dyke swarms cross-cutting the interpreted intrusions, concordant with
till anomalies which show a context alike the Quebec Lithium Mine located 600m south -west of the Elon Lithium
Property (the "Property").
The Program
The Company is expected to drill 8 holes approximately 150m deep each, for a total 1200 meters. Six holes (001 to
005 and 008) are located on a previously authorized permit, while the last two (006 and 007) are subject to the
authorization of a new permit. The holes targets magnetic low, possible sources of soil anomalies or interpreted
contact between units (Table 1). Unexplored targets in the present program will be subject to future exploration work,
such as shallow drilling or further trenching.
Table 1: Drill Holes Details.
DDH Name Easting Northing Azimut Dip Length Target
DDH-2022-001 292878 5366840 210 -45 150
Hole 1 is located on the T4 Trench, it aims at the NNW-SSE low
magnetic corridor emanating from the interpreted intrusion
DDH-2022-002 292917 5367450 30 -45 150
Hole 2is located on the T10 Trench, it aims at a low magnetic
corridor emanating from the interpreted intrusion that has been
interpreted as a possible dyke swarm
DDH-2022-003 292993 5367160 280 -45 150
Hole 3 aims at a low magnetic corridor emanating from the
interpreted intrusion that has been interpreted as a possible
dyke swarm
DDH-2022-004 292920 5367010 30 -45 150
Hole 4 aims at the same low magnetic corridor than Hole 3,
emanating from the interpreted intrusion that has been
interpreted as a possible dyke swarm
DDH-2022-005 293521 5366510 30 -45 150
Hole 5 aims at the E-W low magnetic corridor emanating from
the interpreted intrusion
DDH-2022-006 293537 5366390 125 -45 150
Hole 6 aims at the E-W low magnetic corridor emanating from
the interpreted intrusion
DDH-2022-007 293438 5366840 210 -45 150
Hole 7 is located in the intrusion. It aim at the possible source of
a soil anomaly in the area
DDH-2022-008 292875 5367400 210 -45 150
Hole 8 is located on the trail to the T10 Trench, it aims at a low
magnetic corridor emanating from the interpreted intrusion that
has been interpreted as a possible dyke swarm
Mountain Bike trails, Cross -Country Ski trails and other trails are present on the southern part of the Property. To
prevent damage to these trails, the Company will be using existing roads outside of the trail system to access their
drill pads (Figure 1).
Figure 1. Planned Holes, Existing Trails and Access.
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 infrastructure development (September 27th, 2022 press release).
Jourdan Resources is investigating a pegmatite field approximately 1000m SE of the Elon Property, and 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 plans to conduct a second drilling campaign (September 15th, 2022 press release)
This indicates to the Company that the general area is fertile in lithium and that the regional environment is favorable
for lithium discoveries.
Debt Settlement
Also, the Company settled $65,375 in related party accounts payable owing to three directors and one former director
through the issuance of 1,307,500 common shares at a price of $0.05 per share. The securities issued pursuant to the
debt settlement are subject to a statutory four-month-and-one-day hold period.
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.
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/
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
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.
Make sure to follow the company on Twitter, Instagram and Facebook as well as subscribe for company updates at
www.muskmetals.ca
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 underexplored 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.
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: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.