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Musk Metals Corp. (EMSKF)

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0.0823-0.0004 (-0.48%)
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Previous Close0.0827
Open0.0823
BidN/A x N/A
AskN/A x N/A
Day's Range0.0823 - 0.0823
52 Week Range0.0025 - 0.1805
Volume925
Avg. Volume57,806
Market Cap2.52M
Beta (5Y Monthly)1.08
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Musk Metals Identifies Magnetic Anomalies From Airborne Geophysical Survey on Its 100% Owned “elon” Lithium Project in Quebec
    GlobeNewswire

    Musk Metals Identifies Magnetic Anomalies From Airborne Geophysical Survey on Its 100% Owned “elon” Lithium Project in Quebec

    VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) -- Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce that Prospectair Geosurveys Inc. has completed a high-resolution heliborne magnetic survey on its 100% owned “Elon” Lithium property and has identified magnetic anomalies in preliminary data. Musk Metals CEO and Director, Nader Vatanchi states, “It is possible that the eye-shaped low mag in the central part of the survey is associated to a felsic/intermediate intrusion. This area and the contact zone at its periphery could be a good area to look for pegmatite dykes. Lots of detail has now been revealed compared to the regional data. Data clarity will be improved with the final processing that is anticipated in approximately 6 weeks. With several historical and currently active lithium and molybdenum prospects and mines in close proximity to the ELON property, we are focused on rapidly advancing the project through our Phase 1 exploration work program and defining targets for Phase 2 diamond drilling.” The survey consisted of traverse lines oriented N015 to properly map the dominant magnetic/geological strike, and with a 50m line spacing. Control lines were flown perpendicular to traverse lines and at a 500 m line spacing with a total survey distance of 205 l-km. The closely spaced flight lines and low flying high resolution magnetic survey comissioned by Musk Metals will vector future exploration efforts to those areas of high merit. Musk Metals is planning a two-phase exploration work program includes: data compilation, geological mapping, trenching and sampling in Phase 1 followed by diamond drilling and metallurgical testing in Phase 2. The Elon Property appear to contains the three favorable geological features for rare metal pegmatites, such as the presence of concordant stacked sills; the presence of a compressed, near vertical, syntectonic mobile zone that is the host of pegmatite intrusion; and dominantly mafic volcanics lithologies as host rocks, often with intercalated metasediments and gabbroic rocks (Pearse & al., 2016). The circular shaped low magnetic anomaly in the central part of the Property might be associated to a felsic/intermediate intrusion (Figure 1) and could the original source of the mineralized fluids in the area. Magnetic high structures could be associated with mafic and ultramafic horizon, which appear to fit with observation by the MERN and is consistent with historic geological observations in the area. Interpreted magnetic lineaments west and south of the interpreted intrusion could be the manifestation of regional faults. These faults could have been used for the fluids to migrate from the intrusion to a flexing competent host rock (the mafic unit) to be trapped and accumulate. The interpreted intrusion, the interpreted magnetic structures and the interpreted mafic units are good targets for a Phase 1 exploration campaigns. Figure 1: Interpretation of Magnetic Survey Results Qualified Person This press release was prepared by Pierre-Alexandre Pelletier, P.Geo OGQ, and Steven Lauzier, P.Geo OGQ whom are qualified persons as defined under National Instrument 43-101, and who reviewed and approved the geological information provided in this news release. Make sure to follow the company on Twitter, Instagram and Facebook as well as subscribe for company updates at www.muskmetals.ca References:Boily, M., Pilote, P., Raillon, H., 1989: La métallogénie des métaux de haute technologie en Abitibi-Témiscamingue. Ministère des Ressources Naturelles, MB 89-29.Pearse, HK., Paiement, J.P., Skiadas. N., Stapinsky, M., Boyd, T., Bonneville., Gagnon, D., Clayton, G., Michaud, A., Boilard, A., 2016: NI 43-101 Technical Report - Feasibility Study on the Whabouchi Lithium Deposit and Hydromet Plant (Revised). Prepared for Nemaska Lithium Inc. By Met-Chem Canada Inc. About Musk Metals Corp. Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. The growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi Lithium Camp” of southwestern Quebec, the “Golden Triangle” district of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada. ON BEHALF OF THE BOARD ___Nader Vatanchi___ CEO & Director For more information on Musk Metals, please contact: Phone: 604-717-6605Corporate e-mail: info@muskmetals.caWebsite: www.muskmetals.caCorporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1 Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • Musk Metals Engages Prospectair for Airborne Geophysical Survey on its 100% Owned “Elon” Lithium Project in Quebec
    GlobeNewswire

    Musk Metals Engages Prospectair for Airborne Geophysical Survey on its 100% Owned “Elon” Lithium Project in Quebec

    VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce that it has retained Prospectair Geosurveys Inc. (“Prospectair”) to complete a high-resolution heliborne magnetic survey on its 100% owned “Elon” Lithium property. The survey covers over 245 hectares in the La Corne and Fiedmont townships of Quebec, approximately 40 kilometres north of the mining town of Val d’Or. The Property is strategically located approximately 600 meters northeast of the Lithium Amérique du Nord (“North American”) project (formerly Mine Québec Lithium), which produced over 907,000 tonnes of material, at 1.40% Li2O from 1955 to 1965 (Boily et al, 1989). Once the survey commences, the Company will make a further announcement. The traverse lines are oriented N015 to properly map the dominant magnetic/geological strike, and with a 50m line spacing. Control lines will be flown perpendicular to traverse lines and at a 500m line spacing with a total survey distance of 205 l-km. The closely spaced flight lines and low flying high resolution magnetic survey commissioned by Musk Metals will vector future exploration efforts to those areas.The Company has decided to withdraw from the survey any lots owned by the Loisir & Sport Plein Air Corporation since it decided to not have any potential or future impact on their activities Musk Metals is planning a two-phase exploration work program including: data compilation, geological mapping, trenching and sampling in Phase 1, followed by diamond drilling and metallurgical testing in Phase 2. The Elon lithium property has excellent infrastructure support with road network, railway, electricity, water, and trained manpower available locally. The Property is in an active lithium exploration/mining area with several lithium projects in the vicinity (Figure 1). There are several historical and currently active lithium and molybdenum prospects/mines located approximately 3 km to 20 km from the property such as: Lithium Amérique du Nord (now closed mine Quebec Lithium, which was formerly owned by RB Energy 600m to the south), Authier Lithium (owned by Sayona Mining of Australia located 30 km west), Valor Lithium, Duval Lithium, Lacorne Lithium, International Lithium, Vallee Lithium, and Moly Hill. Musk Metals CEO and Director, Nader Vatanchi states, "Musk Metals has quickly commenced its Phase 1 work program shortly after its recent acquisition of the ELON lithium property. With several historical and currently active lithium and molybdenum prospects and mines in close proximity to the ELON property, we are focused on rapidly advancing the project through our Phase 1 exploration work program and defining targets for Phase 2 diamond drilling. Musk has diversified its portfolio of highly prospective exploration projects to now include two highly prospective lithium properties, as we strive to maximize shareholder value by participating in the battery revolution.” The Elon Property contains three favorable geological features for rare metal pegmatites, such the presence of concordant stacked sills; the presence of a compressed, near vertical, syntectonic mobile zone that is the host of pegmatite intrusion; and dominantly mafic volcanics lithologies as host rocks, often with intercalated metasediments and gabbroic rocks (Pearse & al., 2016). Figure 1: Adjacent Properties Qualified PersonThis press release was prepared by Pierre-Alexandre Pelletier, P.Geo OGQ, and Steven Lauzier, P.Geo OGQ whom are qualified persons as defined under National Instrument 43-101, and who reviewed and approved the geological information provided in this news release. Make sure to follow the company on Twitter, Instagram and Facebook as well as subscribe for company updates at www.muskmetals.ca About Musk Metals Corp. Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. The growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi Lithium Camp” of southwestern Quebec, the “Golden Triangle” district of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada. ON BEHALF OF THE BOARD ___Nader Vatanchi___ CEO & Director For more information on Musk Metals, please contact: Phone: 604-717-6605Corporate e-mail: info@muskmetals.caWebsite: www.muskmetals.caCorporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1 Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. References Boily, M., Pilote, P., Raillon, H., 1989: La métallogénie des métaux de haute technologie en Abitibi-Témiscamingue. Ministère des Ressources Naturelles, MB 89-29. Pearse, HK., Paiement, J.P., Skiadas. N., Stapinsky, M., Boyd, T., Bonneville., Gagnon, D., Clayton, G., Michaud, A., Boilard, A., 2016: NI 43-101 Technical Report - Feasibility Study on the Whabouchi Lithium Deposit and Hydromet Plant (Revised). Prepared for Nemaska Lithium Inc. By Met-Chem Canada Inc.

  • Musk Metals Acquires the Pakeagama Lithium Claims in the “Electric Avenue” Pegmatite Field, Northwestern Ontario
    GlobeNewswire

    Musk Metals Acquires the Pakeagama Lithium Claims in the “Electric Avenue” Pegmatite Field, Northwestern Ontario

    Map 1 Figure 1. Proximity of Musk Metals claims to the PAK and Spark lithium deposits of Frontier Lithium Map 2 Figure 2. Musk Metals Pakeagama lithium claim location along the Electric Avenue, northwestern Ontario VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce that it has entered into an agreement to acquire a 100% interest in the Pakeagama Lithium claims, located in the “Electric Avenue” pegmatite field of northwestern Ontario. The property consists of four contiguous mining claims covering approximately 1,490 hectares. Musk’s Pakeagama property is contiguous to Frontier Lithium’s claim group and only 3km south of the “PAK” and “SPARK” lithium deposits (see Figure 1). The nearby PAK Lithium deposit contains one of North America's highest-grade, large tonnage hard-rock lithium resources in the form of a rare low-iron spodumene. The PAK deposit has a mineral reserve in the proven and probable categories of 5.77 MT averaging 2.06% Li2O and hosts a rare technical/ceramic grade spodumene with low inherent iron (below 0.1% Fe2O3). The Spark Deposit, located 2.5km northwest of the PAK, was winner of the “2019 Discovery of the Year Award”. The Spark Deposit has a mineral resource estimate of 3.2 MT averaging 1.59% Li2O (indicated) and 12.2 MT averaging 1.36% Li2O (inferred). Frontier Lithium recently completed a Preliminary Economic Assessment that outlines life of project revenue of $8.52 billion over 26-year total project life, and a chemical plant producing 23,174 tonnes of battery-quality lithium hydroxide monohydrate (LiOH-H2O) per year (See FL: TSX.V news dated February 16th 2021). Figure 1. Proximity of Musk Metals claims to the PAK and Spark lithium deposits of Frontier Lithium is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bab11b74-b907-4bf8-8d65-c01d795339a4 Musk Metals CEO and Director, Nader Vatanchi states, "Musk’s second lithium project acquisition is situated next to one of North America's highest-grade, large tonnage hard-rock lithium resources in Ontario’s Electric Avenue. Musk Metals has continued to diversify its portfolio of highly prospective exploration projects to include the “Pakeagama” lithium property as the Company continues to maximize shareholder value by participating in the battery revolution.” The Electric Avenue is host to four known lithium bearing pegmatite deposits thus far, all occurring in a northwest trending belt proximal to the Bear Head Fault (Figure 1). The Bear Head Fault is a regional crustal scale structure that is traceable for over 400km through Ontario and Manitoba and is associated with the emplacement of peraluminous fertile granites host to the spodumene-rich lithium bearing pegmatites. Studies by Breaks et al. (OFR6000) in 1998 concluded that the Pakeagama Lake pegmatite field was one of the largest and most evolved rare-element pegmatite systems in the Superior Province of Ontario. Within Musk’s Pakeagama lithium claims are six pegmatic granite occurrences that have been mapped by the Ontario Geological Survey (Map P3224). The property is also strategically located along the Sandy Lake First Nations winter road and the PAK lithium deposit winter road. Figure 2. Musk Metals Pakeagama lithium claim location along the Electric Avenue, northwestern Ontario is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bde99d8a-055e-46dc-b96c-be9b6cf04316 Acquisition TermsThe Company has entered into an option agreement with two arm’s length parties pursuant to which the Company has agreed to the following terms: (a) payment of $8,000 and issuance of 300,000 common shares of the Company within three business days of signing the option agreement; (b) payment of $12,000 and issuance of 300,000 common shares of the Company on the first-year anniversary; (c) payment of $20,000 on the second-year anniversary; and (d) payment of $30,000 on the third-year anniversary. The property is subject to a 1.5% Net Smelter Return (“NSR”) to the Vendor of which the Company has the right to purchase a 0.5% NSR for $500,000. The agreement is subject to normal course due diligence and applicable regulatory approval. Qualified PersonMike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company. Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at www.muskmetals.ca About Musk Metals Corp. Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. The growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi Lithium Camp” of southwestern Quebec, the “Golden Triangle” district of British Columbia, the mineral-rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada. ON BEHALF OF THE BOARD Nader Vatanchi CEO & Director For more information on Musk Metals, please contact: Phone: 604-717-6605Corporate e-mail: info@muskmetals.caWebsite: www.muskmetals.caCorporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1 Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.