CYR SOUTH LITHIUM PROJECT

Medaro Mining has acquired the Cyr South Lithium Property which consists of 52 mining claims covering approximately 2,748 hectares the in James Bay area of Quebec, Canada.

Cyr South is located about 15km south of the Eastmain River and 100 kilometers east of James Bay.

The property is about 3 km to the to the south of Galaxy Resources (ASX: GXY) “James Bay Lithium Project” which has 40.8 million tonnes indicated resources at 1.4% lithium oxide (JORC 2012) calculated down to a depth of 335 m below surface.

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CYR SOUTH: HIGHLIGHTS

The work by previous operators identified several pegmatites on the property which are part of the James Bay pegmatite swarm, and the surface samples indicated anomalous lithium, niobium, and tantalum values.
Geologically, the property is located in the Archean Lower- Eastmain Group, constituted of volcano-sedimentary formational units and ultramafic to felsic intrusives.
The Archean intrusives of the Kapiwak Pluton includes tourmaline-muscovite pegmatites, granodiorites, monzonites, and lithium bearing spodumene pegmatites.
The geological reports of the area indicate that pegmatite dykes generally strike WSW-ENE with dips of 60 degrees or steeper.
The property is accessible through the James Bay Road that connects Matagami and Radisson (highway 109 from Val d’Or). The highway cuts through the property. A large, multi-service truck stop is located nearby.

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