The Project is comprised of 101 mineral claims covering approximately 5,800 hectares (58 square kilometers) located in the heart of Lithium-rich Eeyou Istchee, James Bay Territory of Quebec.
The Project is in a highly active prospective zone of James Bay Area, being situated 30 km south of Allkem Limited’s James Bay Lithium Project which has a published Mineral Reserve Estimate of 40.3Mt at 1.4% Li2O1. About 1 km west of the Project lies Stria Lithium Inc.’s (“Stria”) Pontax Project, which hosts the Pontax Lithium Showing. Stria’s previous 25 hole, 3,286 meter drill program produced the following highlights; 15.6 m of 1.6%Li2O at 83.9 mts depth, and 4.8 mts of 2.6% Li2O at 19.4 m. In addition, Brunswick Exploration drilled 18 holes for 3,712 m on its Anatacau West project, neighbouring Allkem’s James Bay Lithium Deposit. Partial results include a 26.5 mt. intercept of 1.51% Li2O.
The Pontax project has two other high-profile neighbors. Patriot Battery Metals Inc. owns a block of 35 mining titles, 6km to the west and has previously announced a proven and probable resource of 37.2 million tonnes at 1.3%Li2O on its Corvette Property. Li-FT Power Ltd. contains the Moyenne Project directly south of Medero’s property. Several geochemical anomalies in Lithium and Tantale were recently delimited from a regional till sampling on this property.
The Project is located in LaGrande Subprovince, close to the boundary with the Némiscau Subprovince. Both Subprovinces are separated by the Causabiscau Shearzone. The Project is underlain with granitoids of diverse composition within which are found dismembered volcanic units that could represent remnants of the Chambois Greenstone Belt.
While the Project has not yet been prospected for lithium, anomalous Li values (up to 17.7 ppm Li) from a regional lake bottom sediment survey (Beaumier 1996)2 are reported on the Project. For comparative purposes, the highest Li value reported on Stria’s Pontax Property is 16.6 ppm Li. Most of these anomalous Li values are located at or in the vicinity of Chambois Lake. In addition, high resolution satellite imaging shows an abundance of NE-SW aligned outcrops most notably in the surroundings Chambois Lake. A Hydro-Quebec powerline traverses the center of the Project where a large part of these outcrops are found, which may facilitate their accessibility.