In short
Location:
Canada
Total Area of Claims
2,876
Hectares
Stage:
TR
Technical Report
Company Highlights
-
Adjacent to Allkem's (former Galaxy Resources) James Bay Lithium Mine
Yorkton's 'Key' claim is located adjacent to the advanced James Bay hardrock lithium mining project, one of the most advanced lithium projects in Canada with a 40.3 Mt, 1.4% Li2O resource.
-
Highly Prospective Claims
Multiple claims located in different parts of Quebec's lithium hardrock district, close to excellent infrastructure for mining operations. Boulders with up to 2.9% Li2O are found on the northern part of the Cyr-Kapiwak property.
-
Mining-friendly Jurisdiction
Both first nations and government support new mining development in the area
Yorkton Ventures $YVI is featured in the following article:
Hardrock project:
Cyr-Kapiwak
Quebec, Canada
Cyr-Kapiwak Summary
Region
Quebec
Total Area of Claims
2,220 ha
Hectares
Stage:
TR
Technical Report
Location: Quebec, Canada
Next Stage: TR
Deposit type: Hardrock
Website: www.yorktonventures.com
Cyr-Kapiwak includes three non-contiguous lithium properties
– Key Lithium Property
The Key lithium property is located adjacent to the advanced James Bay lithium project owned and operated by Allkem (former Galaxy Resources). The James Bay lithium project boasts a 40.3 Mt, 1.4% Li2O resource estimate.
– Amisk West & Amisk East Lithium Property
The properties are located south of the Key property, both properties contiguous with Medaro Mining Corp’s Cyr South Lithium Property. The Amisk properties encompass large tracts of pegmatite-bearing granites that remain largely unexplored.
Key takeaways:
Highly Prospective Area - Historical findings of boulders with 2.9% Li2O
A report from Sylvain Desbiens (geologist) describes the discovery and sampling (conducted by Rock Teck Resources Inc) of erratic blocks on the 3-claim area that now forms part of Yorkton Venture’s Cyr-Kapiwak Project. While the report was written in French, it was summarized by the MERN as follows:
“Significant pegmatite spodumene dykes (Cyr-Lithium prospect) related to the Kapiwak pluton are found just north of the property.
The aim of this project is to check for possible other spodumene-rare metals deposits associated to that pluton. Spodumene pegmatite boulders found in the northern part of the Kapiwak property incite to detail prospecting. Rare metal lithium-bearing pegmatites, including the Cyr-Lithium prospects, are associated with the Kapiwak pluton.
The Kapiwak property covers a large area of the northern part of the Kapiwak Pluton, south of the Cyr-Lithium prospects. Spodumene pegmatite boulders grading up to 2.9% Li2O are found in the northern parts of the Kapiwak property. Potential sources for the above-mentioned spodumene pegmatite boulders could be from a non-outcropping land area southern-fringing the Cyr-Lithium deposits, and/or from the Cyr-Lithium pegmatite dyke swarm.”
Recommended work
The report from 2009 outlined a few recommendations for the project:
– Carry out fieldwork to identify geological similarities to the James Bay Deposit
– Trenching & follow-up diamond drilling if trenching is proven successful
Hardrock project:
Sirmac East
Quebec, Canada
Sirmac East Project Summary
Region
Quebec
Total Area of Claims
656 ha
Hectares
Stage:
TR
Technical Report
Location: Quebec, Canada
Next Stage: TR
Deposit type: Hardrock
Website: www.yorktonventures.com
Key takeaways:
1. Contiguous with Vision Lithium's Sirmac, Winsome Resource's Sirmac-Clapier and the Troilus Gold project
Immidiately east of Yorkton’s Sirmac East property, is the Sirmac Lithium deposit with an estimated 314,328 tonnes grading 2.04% Li2O. The property is also contiguous with claims held by Winsome Resources and Troilus Gold.
2. Historical lithium occurrences
Findings of lithium-bearing boulders and the Clapier lithium showing indicates strong potential for further discoveries.
Management Team
Andrew Lee Smith
CEO - P.Geo, B.Sc
- Andy has over 25 years of experience successfully exploring, developing and operating North American and African base and precious metals mining projects.
- He also holds directorships and management positions with a number of other junior exploration companies, in 2015, Andrew competed in the International Corporate Directors Education Program and received the ICD.D accreditation, the only professional designation for Canadian directors recognized both nationally and internationally.
- Andrew holds a BSc in Earth Sciences from the University of Waterloo and is a professional geologist and a member of the Association of Professional Engineers and Geoscientists of British Columbia.
- He received the Mining Entrepreneur of the Year Award in 1994 from the Quebec Prospectors Association for his role in mine development with Aurizon, and was named Outstanding Alumnus of 2009 by the Science Faculty of the University of Waterloo for his contributions to mineral exploration.
Nicholas Watters
Independent Director
- Nick’s present and past experience includes being a director of several public companies including CPCs and IPOs.
- He is a co-founder of several successful mining enterprises.
- Nick has been an integral part of raising nearly $260 million for start-up and development opportunities in his career and has been part of a team that have brought several projects from initial discoveries to full development situations.
Sean McGrath
CFO
- Sean is a chartered professional accountant (CPA, CGA) in Canada and a former certified public accountant (Illinois) in the United States.
- He has spent more than 20 years providing financial management and consulting services to publicly traded companies, with primary emphasis in the natural resources sector. He has been responsible for corporate strategy, in all aspects of accounting and finance, planning and forecasting, treasury, and internal and external reporting.
- Sean has held senior executive positions with numerous publicly traded companies throughout his career and he is currently a director/officer of several publicly traded companies listed on the TSX Venture Exchange and the Canadian Securities Exchange.
Gordon Neal
Independent Director
- Gordon has over 35 years of experience in governance, corporate finance and investor relations.
- Gordon was vice-president of corporate development at MAG Silver Corp. where he provided capital market strategies and solutions to the board.
- He is currently the president of New Pacific Metals Corp. Gordon has served on the boards of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital and Xiana Mining.
- He has raised more than $500 million for resources companies since 2004.
- Gordon graduated from Dalhousie University with a BSc in biochemistry. He has also served as a member of the Dalhousie University senate and board of governors.