Mound Lake Project
Summer Field Exploration
Location
Activities
and analysis
Duration
June 16 – July 3, 2023
Collection
prospective outcrops
Team
Exploration Services
Analysis
Handheld XRF instrument and ALS Laboratories Canada Ltd.
Lithium
The global demand for lithium, fueled by the electric vehicle and energy storage sectors, outpaces the supply, which faces challenges from limited reserves and geopolitical factors.
Rubidium
The global supply of rubidium is limited and primarily obtained as a byproduct of lithium production, while demand is driven by niche applications in electronics, optics, and research.
Beryllium
Tantalum
Tantalum is crucial for electronics and aerospace, often outpaces its supply, which is constrained by ethical sourcing concerns and geographically concentrated deposits.
Lithium
The global demand for lithium, fueled by the electric vehicle and energy storage sectors, outpaces the supply, which faces challenges from limited reserves and geopolitical factors.
Rubidium
Beryllium
Tantalum
Tantalum is crucial for electronics and aerospace, often outpaces its supply, which is constrained by ethical sourcing concerns and geographically concentrated deposits.
Mound Lake Property
Lithium Exploration
Good Values
multiple sample sites
Key Uses
Primary component in rechargeable batteries, especially for electric vehicles.
Green Transition
Central to the shift towards sustainable energy storage solutions.
Mound Lake Property
Exploring Tantalum
Significant Discovery
Sample GW23-23 with anomalous Ta at 261ppm.
Key Uses
and medical equipment.
Economic Potential
Mound Lake Property
Beryllium's Potential
Noteworthy Occurrence
New beryllium occurrence documented
Key Uses
and medical devices.
Unique Properties
Light, strong, and temperature-resistant.
Mound Lake Property
Rubidium: A Niche Element
Elevated Levels
Noted from Mound Lake samples.
Key Uses
Electronics, optics, and research.
Rare Element
Not abundantly found, increasing its potential value.
Initial Findings + Supply & Demand
Geospatial Mapping
Mapping Objective:
To visually represent elemental concentrations and pinpoint high-potential exploration zones.
Key Observations:
•Property widely sampled across diverse geology.
•A trend of coincident Lithium, Tantalum, Rubidium, and Beryllium values has been identified.
Significant Trend:
The ~3km stretch on Mound Lake's eastern side has been highlighted due to its consistent elevated elemental values, indicating it as a high-potential zone for subsequent in-depth exploration.