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Redstone has secured an exclusive option to acquire 100% of the Radisson East and Sakami Lithium Projects in the James Bay Lithium District in Quebec. These projects cover a 90km2 area of highly prospective greenstone belt, known to host spodumene-bearing pegmatites, and are close to multiple other lithium projects.
An inaugural field program, scheduled for the current Canadian summer season, will test several targets for their potential lithium mineralisation.
The acquisition is part of Redstone's strategy to increase its battery minerals exposure and explore for commodities with growing demand; it complements other Redstone projects in Ontario and Western Australia.
Redstone has successfully completed a Phase 1 exploration program at the Attwood Lake Lithium Project, which involved geological mapping and sampling for lithium and rare-earth elements using a helicopter.
A total of 209 rock grab samples were collected from various pegmatitic bodies and are now being tested for geochemical assay.
The Attwood Lake Lithium Project is located in northern Ontario, near advanced lithium projects and known lithium oxide deposits like the Seymour Lake Lithium Deposit and Root Lake-McCombe Lithium Deposit.
Redstone has completed the Phase 1 exploration at the Attwood Lake Lithium Project which involved a reconnaissance program for lithium and REE, using a helicopter-supported geological mapping and sampling program.
A total of 209 rock grab samples were collected from various pegmatitic bodies during the program and have been sent to the lab for geochemical assay.
The Attwood Lake Lithium Project is close to several advanced lithium projects, including Seymour Lake Lithium Deposit, Rock Tech Lithium and Infinite Ore in the Georgia Lake pegmatite field, and Separation Rapids Lithium deposit owned by Avalon Advanced Materials Inc. among others.
Redstone enters an exclusive option agreement to acquire a 100% interest in the Attwood Lake Area Lithium Properties in northwestern Ontario, Canada, which are highly prospective for lithium and rare elements pegmatite hosted mineralization.
The Attwood Project acquisition complements the Company's existing West Musgrave copper-nickel project and its strategy to increase exposure to the global battery minerals market.
Firm commitments received for a well-supported placement to raise $1.25M (before costs) and planning for Phase 1 exploration program to commence as soon as practicable.