06:24:31 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Newfoundland Discovery Corp
Symbol NEWD
Shares Issued 92,643,357
Close 2023-08-17 C$ 0.035
Market Cap C$ 3,242,517
Recent Sedar Documents

Newfoundland Discovery acquires Voltstone project

2023-08-21 12:32 ET - News Release

Mr. Jeremy Prinsen reports

NEWFOUNDLAND DISCOVERY SECURES EXPANSIVE LITHIUM PROPERTY IN NORTHWESTERN ONTARIO

Newfoundland Discovery Corp. has acquired 100 per cent of the Voltstone project, an extensive mineral property located in Northwestern Ontario, acquired through strategic internal staking.

The company's cost-efficient approach led to the acquisition of 266 mineral claims. This new project is strategically located less than 10 kilometres from Pegmatite One's Frazer Mound property, a significant lithium discovery. Geological analysis confirms the Voltstone project shares the same foundational geological characteristics as the Pegmatite One Frazer Lake discovery.

Satellite imagery-driven preliminary evaluations indicate the presence of promising mineralization within the Voltstone property. Distinct outcrops and potential mineral trends identified before this acquisition solidified Voltstone's potential. It is now poised to stand alongside the eminent lithium discoveries within Ontario's renowned lithium belt as Newfoundland Discovery has several lithium potential projects. This belt is home to notable lithium-focused companies such as Ultra Lithium, Rock Tech Lithium, Newpath, Imagine Lithium, Clean Air Metals, Brunswick and, most recently, Pegmatite One Lithium.

Chief executive officer Jeremy Prinsen commented: "This isn't merely another acquisition. It's our stake in the rapidly evolving Canadian lithium market. Initial evaluations of the Voltstone project are promising, and we're preparing for an extensive exploration phase. As the global focus shifts to sustainable energy, the crucial role of lithium becomes undeniably evident."

Plans are under way for the company's first-pass exploration program for Voltstone, targeting potential mineralized zones and setting the stage for more exploratory endeavours.

About Newfoundland Discovery Corp.

Newfoundland Discovery is a dynamic Canadian junior mining exploration company, with a primary focus on the exploration and development of mineral assets in active Canadian mining districts. Its portfolio of projects includes exciting lithium prospects in the Hearst, Ont., district, a robust portfolio of precious and base metal projects in Newfoundland, and a strategic early-mover foothold on projects in the Detour Lake gold mine district of Ontario.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.