Stria’s Jeremiah property consists of 12 titles for a total 683 hectares.

 

Stria’s successful 100% optioning of the property is an exciting opportunity to follow up on a recently discovered spodumene-bearing pegmatite, considered a genuine LCT pegmatite reported in the outcrop in the center of the property, which returned 0.54% Li2O (2500 ppm Li) from a grab sample.

 

The property is conveniently located near the village of St-Mathieu d’Harricana, and easily accessible through private forestry roads. Three more claims, isolated between 5 and 8 km to the west are also included in the land package.

 

Project Jeremiah is strategically located at the periphery of the LaMotte Batholith, straddling its northern contact with the Deguisier mafic volcanic formation and the sediments of the Caste Formation. The LaCorne Batholith is considered as related to the source of the lithium pegmatite currently mined by Sayona Mining at their North American Lithium Mine, 22 km east of Jeremiah, as well as their Authier project, 11 km to the southwest. All the numerous lithium occurrences in this area are located at the fringe of this intrusive, where the last differentiated magmas, such as lithium pegmatite, are injected.

 

The properties surface rights are held with private landholders and a municipality and the key claim owners have given consent to Stria to perform initial exploration work.

 

The location of Project Jeremiah in relation to lithium producing mines and deposits in the Abitibi region of Quebec.

Jeremiah Project Transaction Details

The latest mineral property acquisitions named Project Jeremiah are being financed entirely from Stria’s cash reserves.

Stria has purchased the following claims as follows ($CAD):

Claims 1 (Private Stakeholder)

Phase I:

  • 55 mineral claims totalling 2,927 hectares
  • Payment of $75,000 plus 300,000 common shares of Stria Inc. on closing
  • Stria’s investment of at least $50,000 in work on the property within 14 months of closing, with a minimum $30,000 registered with the government

On or before 14 months, at Stria’s option to proceed…

Phase II:
Payment of $187,500 plus 1,125,000 common shares of Stria

Phase I:

12 mineral claims totalling  683 hectares

Payment of $35,000 on closing

Stria’s investment of at least $250,000 in work on the property within 14 months of closing.

 

On or before 14 months, at Stria’s option to proceed… 

Phase II:

Payment of $110,000 worth of common shares of Stria

Register a 2% NSR with a 1% buy back of 1 million dollars