Mr. Owen King reports
TRUE NORTH HAS GRANTED AUQ GOLD MINING INC. THE RIGHT TO EARN A 50% INTEREST IN THE NAKIKOK LITHIUM EXPLORATION PROJECT
True North Gems Inc. has entered into agreement with AUQ Gold Mining Inc. whereby it can earn a 50-per-cent interest in the Nabikok lithium exploration project in the Abitibi region of northwestern Quebec. Under the terms of the agreement, AUQ Gold is required to expend $600,000 over three years, of which $100,000 must be spent in the first year to earn a 50-per-cent interest.
The Nabikok lithium exploration project
The Nabikok pegmatite project is an early-stage lithium-bearing spodumene pegmatite prospect composed of 155 exploration claims, located in the eastern region of the Abitibi belt, Quebec, Canada. The project is located 47 kilometres southwest of Val d'Or and 67 kilometres southeast of Cadillac, Que.
Previous exploration
In 2022, True North Gems completed two prefield, exploration initiatives on the Nabikok property: a high-resolution heliborne magnetic and spectrometric survey and the acquisition of high-resolution multispectral satellite imagery. Based on available information, these are the first geoscientific data collected from the Nabikok property as it is currently configured.
We seek Safe Harbor.
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