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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (140604)12/19/2022 3:03:38 PM
From: Goose94Read Replies (2) of 203020
 
AuQ Gold Mining (AUQ-V) Acquires Three New Properties, The Lac Bruce Lithium Project, By Map Staking Within Several Kilometers Of The Historic Mia-li1 And Mia-li2 Lithium Occurrences

Dec 19, '22 - NR

AUQ Gold Mining Inc. has acquired, by map staking, a 100-per-cent interest in 133 mining claims in three blocks (West block, Central block and East block), located several kilometres from one another and covering approximately 6,870 hectares (68.7 square kilometres) in the James Bay region of Northern Quebec. Collectively they are known as the Lac Bruce exploration project, with potential for the discovery of lithium, other strategic minerals, gold and base metals. The three blocks are located approximately 60 kilometres east-northeast of Wemindji, Que. The project area is located within NTS (national topographic system) map sheets 33E01 and 33F04. A map designed by the company is intended to be posted on the company's website.

Very little exploration work has been carried out in the Lac Bruce project area, with AuQ's West block located less than 600 metres north of AuQ's Central block, located less than one kilometre north of and AuQ's East block, located less than 600 metres east of the Mia lithium project recently acquired by TSX Venture Exchange-listed Queensland Gold Hills Corp. (see press release of Nov. 28, 2022). The East block lies within five km, and the West and Central blocks lie within 15 km, of a major all-season road and hydropower line.

The West block is composed of 61 claims covering approximately 3,150 hectares (31.5 square km) and is located less eight km northwest of the historic lithium occurrences known as Mia-Li1 and Mia-Li2. The West block was staked to cover a major northwest-southeast trending fault zone that also passes through the pegmatite-bearing Vieux Comptoir-3 granitic unit that hosts the Mia-Li1 and Mia-Li2 lithium occurrences. The West block was also staked because it lies less than four km west of a mapped exposure of the pegmatite-bearing Vieux Comptoir granitic unit.

AuQ's Central block is composed of 46 claims covering approximately 2,380 hectares (23.8 square km). The Central block is located less than five km northeast of the Mia-Li1 and Mia-Li2 lithium occurrences.

The East block is composed of 26 claims covering approximately 1,340 hectares (13.40 square km). The East block was staked because it is believed to be on strike with the Mia-Li1 and Mia-Li2 lithium occurrences located just seven km farther to the west. Ophir Gold Corp. recently acquired its new Radis lithium property from Eastmain Resources Inc. The Radis lithium property borders the north side of AuQ's East block. Ophir's property hosts a number of documented gold and copper occurrences.

The referenced mineral showings Mia Li-1 and Mia Li-2 were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47 per cent Li2O (lithium oxide) and 2.27 per cent Li2O, respectively. The Mia Li-1 and Li-2 mineral showings are hosted by the intrusive Vieux Comptoir-3 granitic unit. AuQ's geologists are of the view that all three blocks are highly prospective for the discovery of additional lithium-bearing pegmatite occurrences (that is, boots on the ground) in this extremely underexplored area.

Contact Person: Mr. Glen Macdonald

Telephone: (604)719-8129

Email: auqgold@gmail.com

ON BEHALF OF THE BOARD

“Glen Macdonald”
Chief Executive Officer and Director
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