Eureka Secures Advanced Ground Logistics In Nunavik
Vancouver, British Columbia, October 24th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”), announces an update on its 100%-owned, lithium focused exploration properties in Nunavik. The Company, through GroundTruth Exploration, secured access to a large camp that includes an airstrip in close proximity to the Company’s Raglan South project, with the Kobold Metals’ land package immediately to the north (see attached map, Figure 1).
Camp Belanger is situated 9 km north of Raglan South, within several kilometers of a large land package in the Cape Smith Belt owned by privately-held KoBold Metals whose key investors include Bill Gates, Jeff Bezos and Richard Branson. The 229 sq. km Raglan South Property, 80 km south of Glencore’s Raglan Nickel mine, features one of the strongest lithium-cesium anomalies in lake bottom sediments in the entire Quebec government database, along with favorable rock units, including a large mafic structure, and multiple historically mapped pegmatites.
Jeffrey Wilson, Eureka President and CEO commented: “Logistics in this region are key in mitigating costs and increasing exploration efficiency. The ability for our exploration partners, GroundTruth Exploration to secure Camp Belanger is extremely advantageous for Eureka as we continue the largest lithium-focused exploration program in Nunavik. Camp Belanger was used as a large drill camp for nickel exploration in Raglan’s Cape Smith Belt. The camp greatly expands our potential options in the event of a major new lithium discovery. This also improves and streamlines our exploration cost and field program efficiencies.”
Figure 1 – Eureka Raglan District Map
Figure 2 – Eureka Raglan South Lithium-Cesium In Lake Bottom Sediments
Cautionary Statement: Investors are cautioned that the lake bottom sediments information is taken from the publicly available sources in the Quebec government database. The Company has not been able to independently verify the information contained. The information is not necessarily indicative of the mineralization on the Property, which is the subject of this news release. There is no guarantee that significant discovery will be made as a result of its current exploration efforts