Completed Field Survey On Elon Lithium Property

VANCOUVER - Musk Metals Corp. reported completion of its first ground survey on the Elon Lithium Property. It recently completed a high-resolution heliborne magnetic survey conducted by Prospectair Geosurveys Inc that identified magnetic anomalies that could relate to felsic or intermediate intrusions hosted into volcanics, which was Phase 1 of a three Phase exploration program. Following this survey, Musk Metals started Phase 2 which include data compilation, geological mapping, trenching and sampling. Phase 3 should be conducted during the fall and would consist of diamond drilling and metallurgical testing.

Exploration work shows that a thick layer of sand covers the center and northern part of the Property, while more outcrops and till are available on the southern part. The survey discovered outcrops and boulders that demonstrate that the geology of the Property is a favorable host for lithium mineralization. Boulders and outcrops showed gabbros associated with felsic and mafic intrusions. Some of the outcrops are associated with chloritic and potassic alterations. Mineralization associated with the outcrops includes pyrite, pyrrhotite and chalcopyrite ranging from traces to 5% content (pyrite). Multiple samples are also interesting for their gold and base metals potential.

The main low magnetic anomalies found during the previous airborne survey has yet to be explained. On the southern part of the Property, soils samples in till were taken and should allow the Company to better define where potential lithium mineralization may be found in relation to the magnetic low, by using glacial drift directions and assay results. Finally, multiple boulders (glacial floats) were also sampled during this work phase. Sampled boulders include gabbros, felsic intrusions and also quartz veins (associated with copper mineralization).

A total of 19 outcrop rock samples, 22 boulder samples and 29 till samples were collected and sent to ALS Laboratories for trace elements analysis. The Company expects to receive the results in the following month and will report them once interpretation is completed. Musk Metals’ 100% owned Elon Lithium project spans over 245 hectares in the La Corne and Fiedmont townships of Quebec.