CGRA is pleased to share the results of a comprehensive desktop research and reconnaissance survey undertaken by
Overall, the study successfully pinpointed several promising sites for lithium exploration within the explored tenements owned by
For investors, this means that specific tenements owned by the company within the Hombolo region, notably PL/11955/2022, a portion of PL/17271/2021, and PL/19510/2022, have been identified as sites with lithium deposits. These areas are not only confirmed to have lithium, but they also exhibit a high potential for containing significant lithium deposits. These areas also show high occurrences of lithium-bearing minerals and have favorable terrain and proximity to known pegmatite locations. Additionally, one of these concessions is adjacent to the Auroch Lithium Exploration Project Block, part of the Hombolo Lithium Block, adding to its potential value for the company and shareholders. To view the outcome of the full desktop study and reconnaissance survey, we invite shareholders to visit the investor section on the CGRA Mining website. This extensive study offers a thorough overview of the methodologies applied in the geological exploration, an in-depth analysis of the project area, comprehensive results from specific target locations, and a rigorous validation of these findings.
‘‘The release of today’s thorough desktop research and reconnaissance survey marks a significant milestone for CGRA and our shareholders. The report not only represents the first formal documentation of our findings but also provides independent validation of the existence of lithium deposits within the tenements we have acquired, in tandem with the prospecting licenses granted to us by the Tanzanian authorities specifically for these properties. The full report, available on the CGRA Mining website, has been independently verified by competent persons in accordance with the industry standards of JORC,
Clarification on Titan 1 and Titan 2 Deposits
In the
For regular
Website: https://cgrowthcapital.com
Twitter: @CGRAOTC
Contact: info@cgrowthcapital.com
Source : CGRA
Forward-Looking Statement
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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