www.proactiveinvestors.com.au/companies/...-project-69361.html
Pioneer Resources Ltd has drill-ready spodumene pegmatites at Mavis Lithium Project
Wednesday, June 22, 2016 by Proactive Investors
David Crook, managing director for Pioneer, with a sample of spodumene-bearing pegmatite on site at the Fairservice Prospect
David Crook, managing director for Pioneer, with a sample of spodumene-bearing pegmatite on site at the Fairservice Prospect
Pioneer Resources Ltd (ASX:PIO) is to proceed with the with Mavis Lithium Project acquisition, which is located in the Canadian province of Ontario.
Due diligence has been completed.
Pioneer will also proceed with the strategic alliance with International Lithium Corp. (TSX.V: ILC).
Mavis has drill-ready spodumene pegmatites, a preferred lithium ore.
David Crook, managing director for Pioneer, commented: “We are pleased to report that the due diligence process for the Mavis Lithium Project acquisition and Strategic Alliance has now been satisfactorily completed.
"The recent visit to the Mavis Lithium Project served to validate and enhance our view of the project’s potential and we look forward to working with our partner, International Lithium, to advance the project and thereby add significant value for our shareholders.
"Field crews are on-site and we look forward to updating the market on our plans and progress in due course.”
Pioneer and Lithium Corp
The agreement with International Lithium Corp provides Pioneer with an immediate, direct exposure to the lithium sector through equity in the Mavis Lithium Project, including the Fairservice and Mavis Lake Prospects.
These contain known, strongly mineralised, lithium (spodumene) - bearing pegmatite...