Lancaster Resources Completes Acquisition of Lac Iris Polymetallic Project

Core Viewpoint - Lancaster Resources Inc. has successfully acquired a 100% interest in the Lac Iris Polymetallic Project in Quebec, enhancing its exploration capabilities in the James Bay region [1][4]. Acquisition Highlights - The acquisition significantly boosts Lancaster's exploration prospects and supports its strategy for precious metal discoveries [4]. - The company has staked new mineral claims that have been approved by the Québec mining authority, correcting previous inaccuracies in their claims map [4]. - The Lac Iris properties are strategically located near significant mineral properties, including the NISK Project and the Whabouchi Mine [5]. Project Details - The acquisition adds approximately 694 hectares across three packages, complementing Lancaster's existing option on the Trans-Taiga Project [5]. - The project is situated along a geological trend known for hosting lithium and polymetallic mineralization, enhancing its exploration potential [5]. - This acquisition expands Lancaster's exploration footprint in James Bay, complementing its uranium and gold projects in Saskatchewan and the Lake Cargelligo Gold Project in Australia [5]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical minerals and gold projects in established mining jurisdictions [7]. - The company holds a 100% interest in the Lake Cargelligo Gold Project and has various other projects in Canada, including the Lac Iris Polymetallic Project [7].