Musk Metals Describes Upcoming Exploration On Its Portfolio Of Highly Promising Lithium Projects

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VANCOUVER, British Columbia, June 22, 2021 (GLOBE NEWSWIRE) – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce several upcoming work programs in 2021 on its highly promising portfolio of 100% lithium projects held at world-class mining camps in Canada.

Elon Lithium Project, Abitibi Quebec

The 100% Musk Metals-owned Elon Lithium project covers more than 245 hectares in the townships of La Corne and Fiedmont in Quebec, strategically located approximately 600 meters northeast of the North America Lithium project (“North American ”) (formerly Mine Québec Lithium), which produced more than 907,000 tonnes of material at 1.40% Li2O from 1955 to 1965 (Boily et al, 1989). The Elon lithium property has excellent infrastructure support with road network, rail, electricity, water and a skilled workforce available locally with exploration and development projects. lithium mining assets nearby.

There are several historic and currently active lithium and molybdenum prospects / mines located approximately 3 km to 20 km from the property, such as:

  • Lithium North America (now closed Québec Lithium mine, previously owned by RB Energy 600m to the south)
  • Authier Lithium (property of Sayona Mining of Australia located 30 km to the west)
  • Valor Lithium, Duval Lithium, Lacorne Lithium, International Lithium, Vallée Lithium and Moly Hill.

Musk Metals began a two-phase exploration work program that included data compilation, geological mapping, trenching and sampling in Phase 1, followed by diamond drilling and metallurgical testing in Phase 2. The company recently completed a high resolution helicopter-borne magnetic survey conducted by Prospectair. Geosurveys Inc. which identified magnetic anomalies in the preliminary data.

A media excerpt accompanying this announcement is available by clicking on the image or link below:

Map of “Elon” concessions and adjacent properties

Map 1: Map of the “Elon” concession and adjacent properties

The survey consisted of transverse lines oriented N015 to correctly map the dominant magnetic / geological direction, and with a spacing of 50 m. The control lines were drawn perpendicular to the transverse lines and at a spacing of 500 m with a total study distance of 205 l-km. The close-in flight lines and high-resolution low-altitude magnetic survey commissioned by Musk Metals will direct future exploration efforts to these high-value areas. Musk Metals is planning a two-phase exploration work program that includes the following elements: data compilation, geological mapping, trenching and sampling in Phase 1, followed by diamond drilling and metallurgical testing in Phase 2.

The Elon property appears to contain all three favorable geological features for rare metal pegmatites, such as the presence of matching stacked sills; the presence of a compressed, almost vertical, mobile syntectonic zone which is the host for pegmatite intrusion; and mafic-dominant volcanic lithologies as host rocks, often with intercalated metasediments and gabbroic rocks (Pearse & al., 2016).

The low circular magnetic anomaly in the central part of the Property could be associated with a felsic / intermediate intrusion (Figure 1) and could be the original source of mineralized fluids in the area. The tall magnetic structures could be associated with the mafic and ultramafic horizons, which appear to correspond to MERN observations and agree with historical geological observations in the region. Magnetic lineaments interpreted west and south of the interpreted intrusion could be the manifestation of regional faults. These faults could have been used for fluids to migrate from the intrusion to a bending competent host rock (the mafic unit) to be trapped and accumulate.

The interpreted intrusion, the interpreted magnetic structures and the interpreted mafic units are good targets for a Phase 1 exploration campaign.

A media excerpt accompanying this announcement is available by clicking on the image or link below:

Interpreting Elon Magnetic Survey Results

Map 2: Interpretation of the results of the Elon magnetic survey

Pakeagama Lithium Project, Northwestern Ontario

The 100% Musk Metals-owned Pakeagama Lithium project covers 1,490 hectares and is located in the heart of the “Electric Avenue” pegmatite field in northwestern Ontario and contiguous to the Frontier Lithium group of claims (“ FL “: TSX.V) and only 3 km south of the” PAK “and” SPARK “lithium deposits.

Neighboring Frontier Lithium recently completed a preliminary economic assessment that outlines the lifetime of project revenues of $ 8.52 billion over the total project life of 26 years, and a chemical plant producing 23,174 tonnes of lithium hydroxide battery grade monohydrate (LiOH-H2O) per year. The region is home to an excellent infrastructure support with a road network, railways, electricity, water and a skilled workforce available locally.

Musk Metals is planning a two-phase exploration program including data compilation, geological mapping, trenching and sampling in Phase 1, followed by diamond drilling and metallurgical testing in Phase 2. The Phase 1 program is now scheduled to begin in summer 2021.

A media excerpt accompanying this announcement is available by clicking on the image or link below:

Musk “Pakeagama” Claims Proximity to Frontier Lithium’s PAK and Spark Lithium Deposits

Map 3: Musk “Pakeagama” claims proximity to Frontier Lithium’s PAK and Spark lithium deposits

Musk Metals CEO and Director Nader Vatanchi says: Musk Metals anticipates 2021 work programs on our two very promising lithium projects located in active lithium camps with nearby lithium deposits. A thorough interpretation of the recent completed high resolution helicopter-borne magnetic survey in Elon, is now underway to follow up on the multiple magnetic anomalies identified in the preliminary data. This interpretation will relate to three favorable geological features for rare metal pegmatites and help identify high priority drill targets.

Field teams selected for initial exploration on our Pakeagama lithium property located next one of North America’s high-grade, heavy-tonnage hard rock lithium resources in Ontario Electric Avenue, contiguous and only 3 km south of the “PAK” and “SPARK” lithium deposits.

We anticipate an active 2021 exploration season on our lithium and gold properties as we continue to advance in some of Canada’s major mining camps.

Qualified person

Steven Lauzier, P.Geo OGQ, a qualified person within the meaning of National Instrument 43-101, has reviewed and approved the geological information provided in this press release.

Make sure to follow the Company on Twitter, Instagram and Facebook and subscribe to company updates at www.muskmetals.ca

About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly promising discovery-stage mineral properties located in some of Canada’s major mining jurisdictions. The growing portfolio of mining properties exhibits favorable geological characteristics in under-explored areas within the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi lithium camp” of southwestern Quebec, the “Golden Triangle” district of British Columbia, the “Mineral Rich” the Red Lake mining camp in northwestern Ontario and the Chapais-Chibougamau mining camp, the second largest mining camp in Quebec , Canada.

ON BEHALF OF THE BOARD

Nader Vatanchi
CEO and director

For more information on Musk Metals, please contact:

Telephone: 604-717-6605
Company Email: This e-mail address is protected from spam. You need JavaScript enabled to view it.

Website: www.muskmetals.ca
Business Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. .



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