Canadian Mining Journal


LITHIUM: Aldrin Enters Lithium Market With Acquisition of Two Critical Mass, Drill Ready Projects

VANCOUVER: Aldrin Resource Corp. today announced the signing of an agreement to acquire two prospective lithium projects with previously completed work programs having demonstrated the presence of lithium over wide areas. The properties, respectively at Case Lake, Ontario and Larder River, Nova Scotia, have positive past drill results, drill ready targets and nearly ten kilometres of combined strike length.

President and CEO Johnathan More, noted: “The forecasted demand for lithium is set to continue to expand as batteries, electric vehicles and energy storage play a greater and greater role globally. The Company intends to play a meaningful role in meeting the needs of the lithium market.

We are extremely pleased to have been able to bring onboard assets that already have demonstrated lithium values of up to 2% Li2O, through drilling over true widths similar to those seen at projects such as Nemaska’s 27.3 million tonne Wabuchi deposit.

Both properties allow year-round access and are close to major infrastructure. As well, pegmatites outcrop at surface and appear to be formed in a stacked sequence, which should allow the Company to undertake an aggressive drilling campaign with the goal of confirming an NI 43-101 compliant resource, in a rapid and cost efficient manner.”

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