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Ophir Gold Corp. (TSXV: OPHR) (OTCQB: OPHRF) (FSE: 80M) has announced an agreement with Azimut Exploration Inc. (TSXV: AZM) (OTCQX: AZMTF) to acquire a substantial interest in the Pilipas Lithium Property, positioned within Quebec’s prolific James Bay Region.
Lithium and Gold Prospects at Pilipas Property
Profound lithium potential has been identified at the Pilipas Property, alongside significant gold and copper prospects. Existing geological data hints at the presence of lithium-cesium-tantalum (LCT) pegmatites, and previous surveys have revealed high-value minerals in the region.
Strategic Infrastructure and Accessibility
The property boasts several infrastructural positives, including direct highway access and proximity to hydropower sources, which simplifies logistical operations.
Terms of the Lithium Property Acquisition
Ophir is set to make targeted cash, shares, and exploration investments to earn up to a 70% interest in the Pilipas Property over the ensuing years, as per the agreement stipulations.
Strategic Infrastructure and Accessibility
The property boasts several infrastructural positives, including direct highway access and proximity to hydropower sources, which simplifies logistical operations.
Terms of the Lithium Property Acquisition
Ophir is set to make targeted cash, shares, and exploration investments to earn up to a 70% interest in the Pilipas Property over the ensuing years, as per the agreement stipulations.
Terms of the Lithium Property Acquisition
Ophir is set to make targeted cash, shares, and exploration investments to earn up to a 70% interest in the Pilipas Property over the ensuing years, as per the agreement stipulations.
CEO Shawn Westcott expresses confidence in the property’s potential contributions to the company’s expansion endeavors. With the acquisition terms finalized, the focus shifts to on-site crew deployment and exploration advancement.
About Ophir and Azimut
Ophir Gold Corp. continues to reinforce its exploration forte with projects like the Radis Lithium Property in Quebec and the Breccia Gold Property in Idaho. Conversely, Azimut Exploration Inc. stands out with a vast mineral exploration portfolio in Quebec, bolstered by innovative data analytics and exploration strategies.
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