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

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

Websitewww.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. 

Investor Slide Deck

Management Team

Andrew Lee Smith

CEO - P.Geo, B.Sc

Nicholas Watters

Independent Director

Sean McGrath

CFO

Gordon Neal

Independent Director

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