Frazer Lake – Mound
Mineral property of Allegiance Resources Corp. (ALLG)
- JurisdictionThunder Bay Mining Division, Ontario, Canada
- StageExploration
- CommoditiesLithium
- Deposit typeSpodumene-bearing LCT (Lithium-Cesium-Tantalum) pegmatite
- Area8,310 ha
- Interest100% (subject to option agreement with Valor Resources Ltd. ASX:VAL — see VERIFY note) · 100% owned; definitive option agreement signed Feb 10, 2024 granting Valor Resources Ltd. right to acquire 100% by Sep 30, 2024 deadline
- Coordinates49.170, -87.900
Location
Townships of Cockeram, Church, McIvor, Adamson, Purdom and Oskawe Lake Area; approximately 95 km NNE of Thunder Bay, Ontario. Adjacent to Black Sturgeon Provincial Park (SW boundary).
Access via highway from Thunder Bay (~95 km SSW). Planet X Exploration Services Corp. operated core shack in Nipigon, ON. Remote northern Ontario location.
Best drill intercepts
2 drill programs on file.
| Hole | Year | From (m) | Interval (m) | Grade | Zone |
|---|---|---|---|---|---|
| K043382 | 2023 | — | — | — | Islander Dyke — High-Grade Rock Chip Zone |
| K043379 | 2023 | — | — | — | Islander Dyke — High-Grade Rock Chip Zone |
| K043380 | 2023 | — | — | — | Islander Dyke — High-Grade Rock Chip Zone |
| CHANNEL-K043151-K043203-COMPOSITE | 2023 | 0 | 44 | — | Islander Dyke — Full Composite |
| K043163 | 2023 | 13 | 1 | — | Islander Dyke — Peak 1m channel interval |
| K043382 | 2023 | — | — | — | Islander Dyke — High-Grade Rock Chip Zone |
| K043379 | 2023 | — | — | — | Islander Dyke — High-Grade Rock Chip Zone |
| K043380 | 2023 | — | — | — | Islander Dyke — High-Grade Rock Chip Zone |