AM Resources Corporation ("AM Resources" or the "Company"), a dynamic junior mining company dedicated to exploring and developing high-potential pegmatite lithium deposits, unveiled the discovery of 26 new pegmatites.
AM Resources’ 1500 km2 land package. Image Credit: AM Resources
This breakthrough stems from the ongoing compilation of government databases since acquiring its 1500 km2 land package. With this recent finding, AM Resources successfully identified 187 pegmatites, solidifying its strategic foothold in Austria's most promising lithium regions.
First Group
The company has identified eight large pegmatites ranging in length from 329 to 887 m. The largest pegmatite measures an astounding 281 m in width.
Second Group
An additional 18 pegmatites, ranging from 102 m to 560 m in length, have been discovered, with the thickest pegmatite measuring 195 m in width. The diverse range in size and shape within this group enhances the prospectivity of AM Resources' holdings. Many of these pegmatites are situated within mica schists, a geological setting conducive to lithium-bearing minerals.
Since the acquisition, we've been compiling the data available to us in preparation for our upcoming exploration program scheduled for June. We are very pleased with the number and size of the pegmatites found so far. Once we finish compiling the data, we'll have a better picture of the work that needs to be done to fully evaluate the lithium potential of our properties.
David Grondin, CEO, AM Resources Corporation
Location, Location, Location
The AM Resources team has been working hard to put together a sizable prospective land package, and the four main pillars of their approach are proven geology, accessibility to important markets, historical knowledge, and a well-defined, tested mining code. The Austrian properties of AM Resources are directly connected to a vast rail network and are situated 620 km away from 14 proposed battery plants.