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Ophir Metals has announced the discovery of large spodumene pegmatite outcrops at its Pilipas Lithium Property in James Bay, Quebec. The primary discovery, HW1, spans over 150 meters in length and 30 meters in width and is open in multiple directions. Additional spodumene-bearing outcrops were found 500 meters south of HW1, covering a strike length of 450 meters.
Ophir plans a fully funded drill program for late summer/fall 2024, following the collection of over 460 grab samples. These samples are currently undergoing rush analysis at SGS Canada. The discovery is near existing infrastructure, which facilitates future exploration and development efforts.
CEO Shawn Westcott expressed excitement about the findings, highlighting the potential for further discoveries. The project benefits from its geological setting and proximity to essential infrastructure. The assay results from the initial exploration program are awaited to guide further exploration efforts.
Ophir Gold Corp. has officially changed its name to Ophir Metals Corp., effective June 18, 2024. The Company's stock symbol on the TSX Venture Exchange (TSXV: OPHR) remains unchanged. This name change aims to better represent the Company's diversified metals portfolio, which includes lithium projects in James Bay, Quebec, and gold and silver projects at the Breccia Gold Project in Idaho. Existing shareholders do not need to take any action regarding this change, as it will not affect their share certificates. For further inquiries, shareholders are encouraged to contact the Company or their broker.
Ophir Gold Corp. (TSXV: OPHR, OTCQB: OPHRF, FSE: 80M) has announced a proposed name change to Ophir Metals Corp., reflecting its diversified metals portfolio. The stock symbol 'OPHR' on the TSX Venture Exchange will remain unchanged. The name change, approved by the company's directors on May 28, 2024, is pending approval from the TSX Venture Exchange and relevant regulatory authorities. Shareholders do not need to take any action, as current share certificates will remain valid. Further updates on the effective date will be provided by the company.
Ophir Gold Corp announced plans for its first exploration campaign at the Pilipas Lithium Property in James Bay, Quebec. The campaign will begin on May 20, 2024, and will include geological prospecting, rock sampling, and a Property-wide LiDAR and orthophoto survey, with a budget of approximately $500,000. The aim is to evaluate high-priority targets identified from historical data and satellite imagery. Several large pegmatite outcrops with potential for lithium mineralization have been identified. Permitting is underway for a drill program later in the summer. Ophir has also granted 200,000 stock options to consultants, exercisable at $0.15 per share for five years.
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