Musk increases lithium footprint with Ontario project buy

Near the main blowout area of Frontier Lithium’s Pennock pegmatite in northwestern Ontario. Credit: Frontier Lithium

Canadian junior Musk Metals (CNSX: MUSK) has added a new lithium project to its portfolio by acquiring a 100% interest in the Pakeagama claims, located in the so-called electric avenue pegmatite field of northwestern Ontario.

The move comes only two weeks after it announced it had bought the Elon lithium project in Quebec, officially adding the battery metal to its gold-focused pipeline.

Pakeagama is a group of four contiguous mining claims covering approximately 1,490 hectares, located next-door to Frontier Lithium’s claims.

The property is only 3km south of the SPARK and PAK lithium deposits, which contain one of North America’s highest-grade, large tonnage hard-rock lithium resources in the form of a rare low-iron spodumene, according to the company.

Musk increases lithium footprint with Ontario project buy
Musk Metals Pakeagama lithium claim location along the Electric Avenue, northwestern Ontario. (Image courtesy of Musk Metals.)

It’s is also located along the Sandy Lake First Nations winter road and the PAK lithium deposit winter road.

Musk Metals, known until early March as Gold Plus Mining, said Ontario’s electric avenue hosts four known lithium bearing pegmatite deposits.

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