ZURICH, SWITZERLAND / ACCESSWIRE / July 27, 2016 / Today, Stephan Bogner from Rockstone Research published an initiating coverage on Equitorial Exploration Corp. (EXX.V) as the company has announced the acquisition of the Little Nahanni Pegmatite Group (LNPG) Lithium Project from Strategic Metals Ltd. yesterday.This property hosts the rare but highly prolific pegmatite-type LCT (Lithium-Cesium-Tantalum), which the world’s largest active lithium mine, Greenbushes in Australia, is also hosting (at an average grade of 2.8% Li2O). LNPG’s best rock samples from spodumene-bearing pegmatites assayed between 1.74% and 3.77% Li2O. Channel samples returned up to 1.59% Li2O across 10 m. Drilling in 2007 resulted in 2 significant lithium-enriched intervals including 1.2% Li2O over almost 11 m and 0.92% Li2O over 18 m. Hence, this property is already somewhat advanced with significant lithium grades demonstrated at surface with sampling and at depth with drilling.
Source: Major Lithium Acquisition for Equitorial Exploration