Welcome to our dedicated page for Xplore Resources news (Ticker: XPRCF), a resource for investors and traders seeking the latest updates and insights on Xplore Resources stock.
Xplore Resources Corp. (XPRCF) is a mineral exploration company focused on lithium discovery in Ontario's Root lithium district. This page provides authorized updates about corporate developments and exploration progress at the Surge Lithium Project.
Investors and industry observers will find consolidated access to official press releases covering strategic land acquisitions, drilling results, technical reports, and partnership announcements. All content is sourced directly from company disclosures to ensure regulatory compliance.
Key updates include exploration program expansions, geological survey findings, and corporate governance changes. The news collection enables stakeholders to track operational milestones while maintaining perspective on market positioning within the lithium exploration sector.
Bookmark this page for streamlined access to Xplore Resources' latest developments. Combine these updates with independent research when evaluating the company's evolving exploration strategy and mineral claim portfolio.
Xplore Resources Corp. (TSXV: XPLR) has appointed Devin Pickell as its new President, Chief Executive Officer, and director. Pickell brings nearly 20 years of industry experience as a professional geologist, specializing in gold and lithium project advancement in North America. His notable achievements include key roles in the Rice Lake region of the Red Lake greenstone belt, where he contributed to the sale of the Rice Lake mine to Klondex mines and discovered multiple new deposits. He also co-founded 1911 Gold and currently serves as a senior geological consultant for various junior gold and lithium projects in Ontario.
Pickell expressed enthusiasm about leading the company's Surge Project in northwestern Ontario, highlighting its potential as a critical minerals project in the Root Bay area. The appointment follows the resignation of Dominic Verdejo from his positions as President, CEO, and director.
Xplore Resources Corp. (TSXV: XPLR) has completed its surface exploration program at the Surge Lithium project in northwest Ontario, identifying new drill targets. The project is strategically located adjacent to Green Technology Metals' Root Bay Project, which has a 10.1 Mt at 1.29% Li2O JORC Resource. Recent drilling near Xplore's property boundary has shown promising results, including intersections of 17.3 meters at ~30% spodumene. The Surge property covers 10 km of prospective geology along the Root Bay - Root Bay East trend. New Lidar survey data and ground prospecting have revealed additional structures and outcrops, with drilling plans to be announced soon.
Xplore Resources Corp. (TSXV: XPLR) has appointed John Newell to its Board of Directors. Newell brings over 35 years of capital markets experience and 25 years in financing and managing resource exploration companies. He currently serves as President and CEO of Golden Sky Minerals. This appointment coincides with Xplore's preparations to drill its flagship Surge lithium project in northern Ontario. Additionally, Xplore has closed the Surge North property transaction, issuing 1,500,000 common shares and paying $75,000 to the vendor, who retains a 2% NSR, half of which can be bought for $750,000.
Xplore Resources has expanded its land position at the Surge Lithium Project by entering into two agreements. The first, the Assignment Agreement with Lithium One Metals, Bounty Gold, and Last Resort Resources, grants Xplore the option to acquire the Root South property, which is adjacent to its existing Surge Project. This acquisition adds 175 claims over 3,570 hectares.
The second agreement, the Surge North Agreement, allows Xplore to acquire 100% rights to mineral property claims in the Surge Project area, adding 86 claims over 1,800 hectares. As a result, the Surge Project now encompasses approximately 12,480 hectares.
Recent drilling in nearby areas has revealed potential new lithium deposits, enhancing the project’s prospects. To finalize these agreements, Xplore will issue shares and make cash payments, subject to TSX Venture Exchange approval.
Xplore Resources has received an Early Exploration Permit for its Surge Lithium Project in northwest Ontario's Root lithium district. The project is adjacent to Green Technology Metals' Root Bay project, which has reported significant lithium deposits. Xplore's drill program will commence in June 2024, targeting prospective zones within 10 km of the Root Bay lithium trend. Green Technology Metals' recent drilling near Xplore's boundary has reported positive lithium concentrations, suggesting high potential for Xplore's project. The Surge property spans approximately 10 km of prospective geology.
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