Stria Lithium Inc. (TSXV:SRA) has recommenced a helicopter-supported core drilling programme at its flagship Pontax Lithium property, in west-central Eeyou Istchee Baie-James Territory of northern Québec.
The drilling programme aims to complete another three holes as it waits for the completion of a winter road to mobilise three land-based drill rigs to the site.
This road is vital for carrying out the proposed +12,000m winter program designed to delineate a resource as well as test the extensions of the Central Pontax zone, to be completed by early April 2023.
The winter road construction contract was awarded to Waska Resources, a local indigenous company based in Waskaganish, Qc. We anticipate the road should be complete by the end of January 2023.
The winter core drilling programme at the Pontax LSPD prospect was designed and will be overseen by partner Cygnus Gold Limited.
IOS Services Géoscientifiques Inc. (IOS) of Saguenay, Québec, are providing technical and logistical support for the winter drilling program while core drilling was performed by Forage RJLL of Rouyn-Noranda, Québec.
In July 2022, Stria announced a partnership with ASX-listed Cygnus Gold Limited by which Cygnus has been granted the sole and exclusive option to acquire up to a 70% undivided interest in Stria’s Pontax-Lithium property under a two-stage option for total cash payments of CA$6M and exploration expenditure commitments totalling CA$10M.
Cygnus has been exploring the property under the terms of the first of the two-stage option, by which Cygnus is required to incur exploration expenditures on the Property in the amount of CA$4M over a period of 18 months.
For further information please visit: https://strialithium.com/
