CHILE
Monti Lithium
33,100 HA.
The Monti Lithium Project, located in the Salar de Atacama district of Chile. GSC has the rights to earn 100% the potential mining rights of the Monti Lithium Project once granted, subject to the satisfaction of annual option payments over a 4-year period.
Project Geology
The Salar de Atacama is a Tier 1 lithium production salar with estimated pre-mine resources greater than 6.0 Mt Li. Lithium is hosted in subterranean brine solutions which are pumped to the surface, where the lithium is extracted via evaporation processes producing a lithium carbonate (LiCO3) concentrate product.
On 20 September 2023, GSC announced that it had executed an Option Agreement allowing the Company to earn 100% of the Monti Lithium Project in Chile located in the Salar de Atacama district, Chile's largest lithium-brine production region.
The Company has since filed additional exploration concessions representing a 40% increase in the project area. Further to these new filings preliminary reconnaissance exploration of the Monti Lithium Project may commence.
The Salar de Atacama basin comprises an extensional depression controlled by first-order normal faulting within a more extensive N-S trending Preandean rift system. The geometry of the basin is interpreted to have resulted from to the interaction of crustal-scale, N-S trending, normal faults and conjugate northeast and southeast-trending structures. The same structural trends also appear significant for the control on emplacement of porphyry copper deposits - e.g., Chuquicumata, Spence, Gabi, Escondida - located within the Preandean Cordillera de Domeyko volcanic domain west of the depressional divide. GSC has aimed to strategically locate its exploration concessions coincident with interpreted major structures and basinal in-flow zones.
The Salar de Atacama basin comprises an extensional depression controlled by first-order normal faulting within a more extensive N-S trending Preandean rift system. The geometry of the basin is interpreted to have resulted from to the interaction of crustal-scale, N-S trending, normal faults and conjugate northeast and southeast-trending structures. The same structural trends also appear significant for the control on emplacement of porphyry copper deposits - e.g., Chuquicumata, Spence, Gabi, Escondida - located within the Preandean Cordillera de Domeyko volcanic domain west of the depressional divide. GSC has aimed to strategically locate its exploration concessions coincident with interpreted major structures and basinal in-flow zones.
Exploration Programme
Over the coming months, GSC will conduct due diligence on the project and prepare plans for its exploration programmes. Work will include reconnaissance field trips to undertake surface sampling and mapping programmes.
