The Pontax Project is 5,800 hectares, located in the heart of Lithium-rich Eeyou Istchee, James Bay Territory of Quebec.
The Project is in a highly active prospective zone 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.
Patriot Battery Metals Inc. located 6km to the west has previously announced a proven and probable resource of 37.2 million tonnes at 1.3%Li2O on its Corvette Property.
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) 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.
Click image to enlarge
Cyr South Property - James Bay, Quebec
Click image to enlarge
The property is about 3 km to the to the south of Galaxy Resources (ASX: GXY) “James Bay Lithium Project”
Geologically, the property is located in the Archean Lower- Eastmain Group, constituted of volcano-sedimentary formational units and ultramafic to felsic intrusives.
The Archean intrusives of the Kapiwak Pluton includes tourmaline-muscovite pegmatites, granodiorites, monzonites, and lithium bearing spodumene pegmatites.
The geological reports of the area indicate that pegmatite dykes generally strike WSW-ENE with dips of 60 degrees or steeper.
The property is accessible through the James Bay Road that connects Matagami and Radisson (highway 109 from Val d’Or). The highway cuts through the property. A large, multi-service truck stop is located nearby.
