Spark Energy Confirms Pegmatites at its Minas Gerais Brazilian Lithium and Rare Earths Projects
VANCOUVER, BC / ACCESSWIRE / January 16, 2023 / Spark Energy Minerals Inc.,
(“Spark” or the “Company” (CSE: EMIN) (Frankfurt: M1N) (OTC: MTEHF), announces that
Foxfire Metals Pty Ltd (“Foxfire”), the Company’s JV partner, has completed a geochem-
ground reconnaissance and mapping program on three of its Lithium and Rare Earth licenses
held in the state of Minas Gerais, just 38 kilometres Southeast of Sigma Lithium (TSX-V:
SGML).
Current geochem and mapping have confirmed pegmatites and old workings. Assay
results testing for LCT pegmatites are expected in the 1st quarter of 2023.
The program was completed in late December 2022. The soil and rock chips samples
collected have been delivered to independent SGS laboratories in Brazil.
Background:
Spark acquired a 75% interest in eight Brazilian exploration licenses ("the Brazilian
Portfolio"), six for lithium and two for rare earth elements (“REE”) (the “Brazilian Portfolio”).
The Brazilian Portfolio totals 12,315 hectares of highly prospective lithium and REE
exploration licenses, in the states of Minas Gerais and Bahia for lithium and Goas for REEs.
Brazil is now recognized as one of the world's major high grade lithium producers confirmed
by Tesla supplier recently securing off take agreements with Sigma Lithium Corporation's
subsidiary, Brazilian Sigma Mineração SA (Sigma).
Spark Energy confirms pegmatites at its Minas Gerais
Brazilian Lithium and Rare Earths projects
Bahia: pegmatite structures were mapped in 2022. A follow
up program in 2023 is slated to test for LCT pegmatites.
Goias: consists of two REE licenses. Brazil is the biggest REE
resource outside of China; exploration is scheduled in the
first half of 2023.
Minas Gerais: consists of three lithium Els with pegmatites
and old workings confirmed. A geochem program was
completed in December 2022. Results are expected in the
first quarter of 2023 testing for Lithium (LCT).
Three project areas of Foxfire’s tenements
in Brazil acquired by Spark covering 12,315
hectares.
Page 2
.
Figure 2. Location map of Spark’s Minas Gerais lithium and rare earth licences. The
dotted lines indicate distance from Spark’s licences to the state owned Companhia Brasileira
de Litio's mining operation, Lithium Ionic (TSX-V: LTH) and SGML. Recent discoveries in the
same, well known lithium province and pegmatite area of Minas Gerais have also been made
by Latin Resources (ASX).
The Minas Gerais Projects
Foxfire completed a geochemical soil and rock sampling
and mapping program on its three licences in Minas
Gerais in late December 2022.
These Three lithium licenses lie within the highly
prospective northern portion of the state of Minas Gerais
in the municipality of Padre Paraiso –the location of the
Brazilian lithium producing districts and lithium belt. The
areas are known to host lithium bearing pegmatites
associated with spodumene, lepidolite, and amblygonite.
The current geochem and mapping program completed
have confirmed Pegmatites and old workings. Assay results
testing for LCT pegmatites are expected in the first quarter
of 2023.
Page 3
Highlight: An exploration program commenced in late December 2022 and confirmed
pegmatites on the license areas. Old workings were also identified where pegmatites have
been mined, but it is unclear if this mining was for lithium. Rock chip and soil samples will be
forwarded to SGS laboratories in Brazil with results expected in first quarter of 2023.
Old workings at Minas Gerais and surface exposure of pegmatities have been confirmed.
The technical information contained in this news release has been reviewed and
approved by Dr. Paul Woolrich (BSc Geology, MSc Geochemistry, PhD Metallurgy) who is a
Member of the MAusIMM, a Qualified Person as defined under National Instrument 43-101
and is a Technical Director of Foxfire Metals Pty Ltd.
About Spark Energy Minerals Inc.
Spark Energy Minerals, Inc., is a Canadian company pursuing battery metals and
mineral assets with newly acquired interests in Brazil and Canada. The Company has
acquired assets in some of the world's most prolific mining jurisdictions, Brazil's growing
lithium and provinces and in the Newfoundland, Canada region which is gaining recognition
as a world hot spot for lithium and rare earth mineral exploration.
FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEB SITE AT
https://sparkenergyminerals.com
Email to [email protected]
Contact: Peter Wilson, CEO, Tel. +1-604-649-0945
Spark Energy Minerals News – 1-15-2023 |
Page 4
Neither the Canadian Securities Exchange 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.
Further information about the Company is available on www.SEDAR.com under the
Company's profile.
Certain statements contained in this release may constitute “forward–looking
statements” or “forward-looking information” (collectively “forward-looking information”) as
those terms are used in the Private Securities Litigation Reform Act of 1995 and similar
Canadian laws. These statements relate to future events or future performance. The use of
any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”,
“anticipates” and similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking information and are based on the
Company’s current belief or assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. In particular, this release contains forward-looking
information relating to the business of the Company, the Property, financing and certain
corporate changes. The forward-looking information contained in this release is made as of
the date hereof and the Company is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as
required by applicable securities laws. Certain statements contained in this release may
constitute “forward–looking statements” or “forward-looking information” (collectively
“forward-looking information”) as those terms are used in the Private Securities Litigation
Reform Act of 1995 and similar Canadian laws. These statements relate to future events or
future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated”, “anticipates” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and
are based on the Company’s current belief or assumptions as to the outcome and timing of
such future events. Actual future results may differ materially. In particular, this release
contains forward-looking information relating to the business of the Company, the Property,
financing and certain corporate changes. The forward-looking information contained in this
release is made as of the date hereof and the Company is not obligated to update or revise
any forward-looking information, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Spark Energy Minerals News – 1-15-2023 |