Wednesday, September 27, 2023

Caprock Unveils Groundbreaking Lithium Discovery at Its Ackley Assets in Newfoundland


Caprock Mining Corp. (CSE: CAPR) (“Caprock” or the “Corporate”) is happy to announce that its technical workforce has found out the presence of zinnwaldite, an abnormal lithium-bearing mineral, throughout a just lately concluded prospecting and sampling program at the eastern-most declare block (the “Major Declare Block”) at its Ackley Lithium-Tin-Molybdenum-REEs assets (“Ackley”, or the “Assets”) positioned in south-eastern Newfoundland, for which the Corporate has an solution to achieve a 100% pastime.

Caprock’s CEO Mr. Vishal Gupta states: “Historic paintings at Ackley returned assays of as much as 0.91% lithium oxide, then again the particular lithium-bearing mineral used to be by no means recognized till an inner evaluation of just lately acquired samples via Caprock’s technical workforce. We’re very desirous about this discovery, since we imagine that it’s a lot more straightforward and so much much less capital-intensive to supply lithium hydroxide from zinnwaldite than from the extremely sought-after mineral, spodumene.”

Mr. Gupta is going on to mention, “Zinnwaldite is being effectively mined and processed on the Zinnwald Lithium undertaking in Germany, and its presence has most effective been documented a handful of occasions in Canada, prior to now. Whilst it’s nonetheless early days in our exploration paintings at Ackley, preliminary prospecting paintings signifies a possible for intensive zinnwaldite mineralization at the Assets associated with the huge ‘greisen’ zone that is living on the touch between the Devonian-aged granite advanced, and the Proterozoic metasediments and volcanics over which the Ackley declare blocks lie.”

Assay effects from snatch samples taken throughout contemporary box paintings will probably be revealed in next press releases. The Corporate additionally awaits further affirmation of the zinnwaldite mineralization thru detailed petrographic research of the snatch samples.

Further Knowledge About Zinnwaldite

Zinnwaldite is a potassium-lithium-iron-aluminum-silicate-hydroxide-fluoride phyllosilicate mineral throughout the mica crew that in most cases happens in greisens, pegmatites and quartz veins, and is frequently related to tin ore deposits.

Generally, zinnwaldite ore is the least energy- and capital-intensive laborious rock mining selection to a lithium-brine operation with recognize to the manufacturing of lithium hydroxide, particularly when in comparison to spodumene ore. While spodumene pay attention will have to go through two separate “prime temperature” roast cycles previous to the manufacturing of lithium hydroxide, zinnwaldite pay attention most effective has to go through a unmarried “medium temperature” roast cycle to be able to produce lithium hydroxide.

Moreover, in contrast to spodumene which tends to lose its lithium content material when uncovered to ambient climate stipulations, zinnwaldite isn’t topic to climate stipulations as a method of manufacturing, which permits for higher simple task of provide and keep an eye on of manufacturing.

Determine 1 beneath supplies a picture of a large zinnwaldite pattern accumulated at Ackley.

u200bFigure 1: Massive zinnwaldite sample with remnant granite relics

Determine 1: Huge zinnwaldite pattern with remnant granite relics

In regards to the Ackley Assets

Ackley accommodates 3 declare blocks that jointly span a space of four,550 hectares positioned not up to two hours’ force from St. John’s. The declare blocks overlie parts of the touch zone of a big Devonian-aged granite advanced with Proterozoic metasediments and volcanics, portions of that are “greisened”, or hydrothermally altered, that is identical in age and lithology to the Mount Delightful deposit in New Brunswick and the East Kemptville deposit in Nova Scotia. Restricted historic exploration paintings around the Major Declare Block via corporations together with Esso Minerals, American Zinc, Inco and others, found out occurrences and anomalies of lithium, tin, molybdenum, tungsten and REEs.

Fresh magnetometer survey paintings over a part of the Major Declare Block signifies that the altered touch zone is also intensive, masking a number of sq. kilometres. Fresh restricted prospect sampling and historic Esso trenches around the Major declare block returned assays of as much as 0.91% lithium oxide, 5.0% molybdenum, 0.67% tin and 1-5% fluorine on floor. Newfoundland executive survey maps of this area file one of the most best possible lake sediment values for REEs on all the island.

Figure 2: Location of the three Ackley claim blocks

Determine 2: Location of the 3 Ackley declare blocks

About Caprock Mining Corp.

Caprock Mining Corp. is a Canadian mineral exploration corporate all for exploring battery metals in Newfoundland and valuable metals in Ontario.

The Corporate has an solution to earn a 100% pastime within the Ackley Lithium-Tin-Molybdenum-REEs assets positioned at the Burin Peninsula in south-eastern Newfoundland. Moreover, the Corporate’s 100% pastime in different gold exploration houses provides it a considerable landholding within the historic Beardmore-Geraldton Gold Belt(“BGB”) of Ontario – a belt that has produced over 4 million oz. of gold traditionally, and accommodates the world-class Greenstone gold undertaking (previously referred to as the Hardrock gold undertaking) which is being delivered to manufacturing via a three way partnership partnership between Equinox Gold (TSE:EQX) and Orion Mine Finance.

With an skilled control workforce that has a powerful exploration pedigree, Caprock is poised to generate incremental shareholder worth via advancing its portfolio of extremely potential exploration initiatives.

The clinical and technical knowledge disclosed on this liberate has been reviewed and licensed via Mr. Vishal Gupta, the Corporate’s President & CEO. Mr. Gupta is a P.Geo. registered with the Skilled Geoscientists of Ontario (PGO), and a. “certified particular person” as outlined below Nationwide Tool 43-101, Requirements of Disclosure for Mineral Initiatives.

For Extra Knowledge

Please touch:
Vishal Gupta
President & CEO
E-Mail: [email protected]

Cautionary Remark Referring to Ahead-Taking a look Statements

All statements on this press liberate about expected long term occasions or effects represent forward-looking statements together with, however now not restricted to, statements with recognize to: the potential of intensive zinnwaldite mineralization at the Assets, the discharge of assay effects from snatch samples taken throughout contemporary box paintings and the power to generate incremental shareholder worth via advancing the Corporate’s portfolio of initiatives. Ahead-looking statements are frequently, however now not all the time, recognized by way of phrases similar to “search”, “wait for”, “imagine”, “plan”, “estimate”, “be expecting” and “intend” and statements that an tournament or consequence “would possibly”, “will”, “must”, “may” or “would possibly” happen or be completed and different an identical expressions. All statements, rather than statements of historic reality, integrated herein, are forward-looking statements. Even if Caprock believes that the expectancies mirrored in such forward-looking statements and/or knowledge are cheap, undue reliance must now not be put on forward-looking statements since Caprock may give no assurance that such expectancies will end up to be right kind. Those statements contain recognized and unknown dangers, uncertainties and different components that can purpose precise effects or occasions to vary materially from the ones expected in such forward-looking statements, together with the dangers, uncertainties and different components recognized in Caprock’s periodic filings with Canadian securities regulators. Ahead-looking statements are topic to industry and financial dangers and uncertainties and different components that might purpose precise result of operations to vary materially from the ones contained within the forward-looking statements. Necessary components that might purpose precise effects to vary materially from Caprock’s expectancies come with dangers related to the industry of Caprock; dangers associated with reliance on technical knowledge supplied via Caprock; dangers associated with exploration and possible construction of the Corporate’s mineral houses; industry and financial stipulations within the mining trade usually; fluctuations in commodity costs and forex trade charges; uncertainties with regards to interpretation of exploration effects and the geology, continuity and grade of mineral deposits; the will for cooperation of presidency businesses and First Country teams within the exploration and construction of houses and the issuance of required lets in; the want to download further financing to broaden houses and uncertainty as to the provision and phrases of long term financing; the potential for lengthen in exploration or construction techniques and uncertainty of assembly expected program milestones; uncertainty as to well timed availability of lets in and different governmental approvals; and different chance components as detailed every so often and further dangers recognized in Caprock’s filings with Canadian securities regulators on SEDAR+ in Canada (to be had at Ahead-looking statements are in line with estimates and evaluations of control on the date the statements are made. Caprock does now not adopt any legal responsibility to replace forward-looking statements except for as required via appropriate securities rules. Buyers must now not position undue reliance on forward-looking statements.

Neither the Canadian Securities Alternate nor its Law Services and products Supplier accepts accountability for the adequacy or accuracy of this liberate.



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