Canadian Lithium Project
Bastion has entered into a Binding Heads of Agreement (HOA) with Austek Resources Pty Ltd for an option to acquire three highly prospective lithium properties located in Ontario Canada, a rapidly growing lithium province.
The three properties are located close to known pegmatites, where adjacent companies have intersected pegmatites in drilling and have defined and reported resources. The property groups are referred to as Pakwan East Lithium, Raleigh Lake Lithium, and McCombe North Lithium projects.
Pakwan East Project
The Pakwan East project comprises 17km2 and is located immediately adjacent to properties owned by Frontier Lithium Inc (TSXV: FL), who have the PAK lithium project which includes the Spark Lithium deposit.
The Pakwan East project is located on the Bear Fault which is a major geological system in the area and multiple historical outcropping pegmatites have been mapped in the project area. Ground reconnaissance is being planned and set to occur as soon as possible.
McCombe North Project
The McCombe North project comprises 33km2 of tenure and immediately abuts the north of the Root Bay properties owned by Green Technology Metals (ASX: GT1), where they are drilling the Morrison and McCombe lithium deposits. The project contains a continuous strike of more than 6km of greenstone belt in the same geological setting as GT1’s Lithium deposits.
Raleigh Lake Project
The Raleigh Lake project consists of two (2) claim groups comprising 13km2 and is located in an area of known mapped pegmatites, immediately adjacent to properties owned by International Lithium Corp (TSXV: ILC), where ILC have drilled 6,251 metres of core.
The Raleigh Lake Lithium property is hosted within the Wabigoon Terrane, also host to the Mavis Li Deposits (Critical Resources Ltd ASX:CRR) and the Raleigh Lake Li-bearing pegmatites of International Lithium Inc (TSXV: ILC).