Burgeo Lithium Project – Spark Energy Minerals Inc.

CANADA

BURGEO NORTH

Burgeo Lithium Project, Newfoundland

High-Grade Lithium Asset & Energy Minerals

The Burgeo Lithium project consists of two mineral exploration licences (033664M 033665M) containing 142 and 66 claims, respectively over 5,200 hectares.
The two licences are located approximately 20 kilometres and 7 kilometres respectively, northeast of the small town of Burgeo on the south coast of Newfoundland.
The evolving deposit model examines radiating pegmatite dykes from the core of the Burgeo and Chetwynd granites. The model being applied on their Grey River area Kraken lithium project by the Sokoman Minerals & Benton Resources join venture is based on analogues with deposits in the Carolinas in the eastern USA and the Caledonides of Ireland.
Government mapping in 1985 suggested the Chetwynd Granite has potential for economic concentrations of F-Sn-W-Mo and U.
The property has potential for lithium, molybdenum, fluorite, tin, tungsten, uranium, tantalum, and other rare metals. A budget of $100,000 is proposed to undertake the initial exploration of prospecting and geochemical sampling for 2023.

LITHIUM + CANADA

A Proven Record of World Class Deposits

Newfoundland and Labrador is resource rich and investment ready. The Province has a proven record of world‑class deposits with diverse mineral potential.
The Government of Newfoundland and Labrador is committed to working with industry partners to ensure long‑term success and development.
The government continues to support responsible mineral exploration, discovery and development in the best interest of the province and are viewed as one of the most mining friendly jurisdictions in Canada.
The Newfoundland Lithium Belt exhibits all the characteristics of a major lithium rich corridor as observed in Ireland and the Carolinas.
These geochemical pathfinders, on a regional scale, reveal a distinct corridor that transects Newfoundland and corresponds to the tectonic suture zone hosting the world-class Carolina Tin-Spodumene Belt and the lithium pegmatite occurrences in Ireland.

REGIONAL GEOLOGY

Burgeo North Regional Projects Include:

Grey River tungsten prospect with tungsten-quartz, wolframite and scheelite with chalcopyrite, native bismuth, fluorite, and silver-bearing minerals are also present.
Gold and lead occurrences are also present in this area under licence predominantly to the Sokoman Minerals & Benton Resources joint venture.
First 2022 assay results from the reconnaissance drilling program, testing the Kraken pegmatite field on the 8.4 metre pegmatite dike averaged 0.95% Li2O with grades hitting a high of 1.76% Li2O
Previous grab samples on the Kraken Lithium Prospect returned grades up to 2.37% Li2O

Burgeo North Project Geochemistry

The Burgeo Granite is known to include aplite and widespread granite pegmatite dykes. These pegmatites are composed of quartz and K-feldspar, with or without plagioclase, muscovite, and biotite. They form pegmatitic or monomineralic segregations, veinlets, and sharply bounded dikes.

The Burgeo Road Molybdenum occurrence lies approximately 10.5 kilometres west of Lic. O33664M and 8 kilometres north of Lic. 033665M. The Mo is hosted in fine grained granite and aplite of the Burgeo Granite. A single pyrite occurrence is reported from Lic. 033664M as being rare blebs up to 1 centimtre in diameter within narrow granite veinlets.