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Newpath Resources Inc. provides an update on drill results from Metal Energy Corp.'s Source Rock Lithium Brine Project. Historic drilling reveals evidence of evaporite bedforms and lithium anomalies. The Alpha/Bravo Project shows potential for lithium and uranium exploration in Ontario. Newpath's exploration covers a significant brine field, with attention to uranium amidst rising spot prices.
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Newpath Resources Inc. provides an update on the preliminary analyses of the Alpha/Bravo Project, revealing promising trace element and whole rock analyses. The company has identified four target areas for follow-up exploration in 2024 based on positive geochemical results. The preliminary review of the analytical results has refined and prioritized additional target areas that will be pursued in 2024. Newpath's field consultants implemented industry standard sampling, analytical, and QA/QC protocols during the collection of all rock samples collected during the 2023 exploration campaign from the Alpha/Bravo Project.
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Newpath Resources Inc. has been selected to receive a $200,000 Ontario Junior Exploration Program grant to support its exploration efforts on its Alpha/Bravo Project. The grant aims to facilitate the exploration of critical minerals within Ontario, covering 50% of eligible exploration costs. The CEO acknowledges the government's support, highlighting the significance of the grant funding for advancing the exploration of the Project.
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Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) has acquired a 100% interest in 973 unpatented mineral claims over approximately 206 square kilometers in northwestern Ontario. The acquisition was made in consideration for 1,500,000 common shares and the payment of all staking costs related to the acquisition of the Property. The Property is also subject to a Royalty Agreement, with the Optionor retaining a 2% net smelter returns royalty. Newpath Resources Inc. is committed to fostering lasting, transparent, trust-based relationships with the Indigenous communities where they operate, acknowledging the traditional territories of many Nations and recognizing the accountability and commitment owed to these communities.
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Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) provided an update on its lithium exploration program on the Alpha/Bravo Project in northern Ontario. The company's early stage exploration program has identified an area of highly fractionated pegmatite dyking containing key critical element indicator minerals, including coarse grained muscovite that a Laser Induced Breakdown Spectroscopy ('LIBS') handheld scanner has identified contains significant concentrations of lithium. The company aims to continue to follow the geochemical trends that are leading them to a more evolved, lithium-rich part of the pegmatite system, with the ultimate hope of finding the first spodumene bearing pegmatite on the project.
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Newpath Resources Inc. successfully mobilized its first field crew to the Alpha/Bravo Project for preliminary geological reconnaissance. The project covers an area of 63,118 Ha and has identified pegmatite occurrences and anomalous lithium and cesium in lake sediment samples. Additional field crews will be deployed for prospecting and sampling. The CEO is enthusiastic about the prospect of discovering the source of the anomalous lithium. The company has compiled historical data and acquired high-resolution satellite imagery for mapping. The project is situated in a favorable geological and structural setting and is comparable to the Georgia Lake pegmatite field. The CEO also commented on the presence of advanced PGM projects in the area. The Director of the company has resigned. The company acknowledges and respects the Indigenous communities where they operate.
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Newpath Resources Inc. announces the staking of 24 new claim units in Ontario, increasing the project's footprint to over 63,600 hectares. The new claims highlight the possibilities for other critical metals. Field work is expected to begin in July 2023.
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NEWPATH RES INC
OTC:RDYFF
RDYFF Rankings
RDYFF Stock Data
1.09M
16.36M
23.26%
0%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
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