Core Insights - Lancaster Resources Inc. has acquired a 100% interest in additional mineral claims, "Lac Iris 4", enhancing its exploration potential in the James Bay region of Quebec [1][4] - The acquisition adds approximately 1175 hectares to Lancaster's existing mineral claims, increasing the total area in the Lac Iris Project to around 1870 hectares, representing a 170% increase [4] - The new property is strategically located near significant discoveries by Power Metallic Mines Inc., which may indicate potential for valuable mineralization [4][5] Acquisition Highlights - The Lac Iris property is located 10–11 km southeast of the Nisk and Lion discoveries and 7.5 km from previously announced Lac Iris claims [4] - The project lies along a geological trend known for lithium pegmatite deposits and polymetallic mineralization, enhancing its exploration prospects [4] - This acquisition complements Lancaster's existing Lake Cargelligo Gold Project in New South Wales, Australia, reinforcing its portfolio in precious and critical metals [5][7] Company Overview - Lancaster Resources Inc. is focused on building a portfolio of district-scale exploration assets, including the Piney Lake Gold Project in Saskatchewan and uranium projects in the Athabasca Basin [7] - The company holds a 100% interest in the Lac Iris Polymetallic Project and has an option to acquire the Trans-Taiga property [7] - Lancaster's Lake Cargelligo Gold Project covers approximately 62,300 hectares with multiple primary target zones [7]