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Caron Lithium Property

REGION

Uchi Subprovince

SIZE

4671 Hectares

NUMBER OF CELLS

230

STATUS

Unavailable – Option Pending

TARGET COMMODITY

Lithium

ACTIVITY

Grassroots Prospecting

The Caron Property is a lithium-REE exploration opportunity located 45 km south of Pickle Lake, Ontario.

The Caron Property is within the Uchi-English River Subprovince boundary zone, being located about ~12 km north of the contact. The property overlies the majority of the mapped Caron Batholith, an S-type, peraluminous granite and the metasediments and metavolcanics surrounding it.

The Caron Property is a lithium-REE exploration opportunity located 45 km south of Pickle Lake, Ontario.

Government geological mapping (Map P3086) identifies numerous occurrences of indicator minerals such as garnets, tourmaline and apatite in pegmatites associated with the peraluminous granite. Further, along with the Twiname Lake Batholith, the Caron Lake Batholith was proposed as one of two potential parental granites associated with the East Pashkokogan spodumene-bearing pegmatite located south of the property.

Next steps include grassroots prospecting to identify the location and orientation of pegmatites, document the characteristics of the pegmatites and collect samples for geochemical analysis to determine the degree and direction of fractioning and test for the presence of rare elements.

The following recommendation for exploration was provided for this area, arising from the reconnaissance work completed by the Ontario Geological Survey during Operation Treasure Hunt:

The newly recognized Twinname Lake stock is a fertile peraluminous granite that is currently the most easterly known in the Uchi-English River subprovince boundary zone. The pluton is the likely parental source of a profusion of peraluminous pegmatitic granite dikes in the general area outlined by Kay and Stott (1985). New niobium-tantalum-bearing pegmatite dikes were discovered by the present survey near the East Pashkokogan Lake spodumene pegmatite occurrence.

Source: Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, SuperiorProvince, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File
Report 6099, 179p.

About Bounty Gold Corp.

Bounty Gold Corp. is a privately held company with over 100,000 hectares of mineral claims currently available for option in Northern Ontario. The current focus of our grassroots prospecting activities and mining claims available for option is: gold and lithium-REE.

Bounty Gold Corp is continually seeking and acquiring new exploration opportunities, check back frequently to see the latest updates. Since 2020, we have optioned 28 properties covering 45,501 hectares.

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104 Howey Steet, P.O. Box 1160
Red Lake, Ontario
P0V 2M0

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