Megawatt Mobilizes for IP Survey at Cobalt Hill
VANCOUVER, BC, June 7, 2021 /CNW/ - Megawatt Lithium and Battery Metals Corp (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the "Company" or "Megawatt") announces that SJ Geophysics of Delta, BC has mobilized to conduct a 3D Induced Polarity Survey (IP) at the Company's Cobalt Hill Project. Cobalt Hill consists of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division near Castlegar in the Province of British Columbia.
The survey consists of 22.8 line kilometres and is intended to test a large gold soil anomaly. The scope of the survey was upgraded to also test a copper-cobalt occurrence when this type of mineralization was sampled on the property.
The survey is expected to be completed over the next weeks, the results will be interpreted for the purposes of defining drill targets for first phase drilling.
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada. Additionally, the Company has acquired a 60% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver Project and the Century South Silver-Zinc Project (see press release dated August 13, 2020), an indirect 100% interest (subject to a 1% NSR) in and to certain mining tenements in Northern Territory and New South Wales, Australia prospective for nickel-cobalt-scandium and rare earths and a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126 hectares (see press release dated February 3, 2021).
Investors can learn more about the Company and team at https://megawattmetals.com.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company's common shares on the Exchange and the Company's use of proceeds and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.
SOURCE MegaWatt Lithium and Battery Metals Corp.
David Thornley-Hall, Chief Executive Officer, [email protected]
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