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Germanium Mining Corp. Strategically Expands Lac Du Km 35 Germanium Property In Quebec
Thenewswire· 2026-01-14 08:05
Core Viewpoint - Germanium Mining Corp. has expanded its Lac du Km 35 Germanium property by adding 4 mineral claims, increasing the total area to 4,371.28 hectares, which is expected to enhance future exploration opportunities [1][2]. Property Description - The Lac du Km 35 property is located approximately 40 kilometers east of Chibougamau, Quebec, with good access via Highway 167 and a main lumber road [2]. - The property is underlain by the Roy group volcano-sedimentary sequence and the Laganiere gneissic complex, which are part of the Abitibi greenstone belt [3]. Geological Features - A significant structural feature is the Faribault shear zone (FSZ), which could serve as a conduit for hydrothermal fluids [4]. - The Laganiere Germanium showing, discovered in 1998, returned a historical value of 0.02% (186 parts per million) Germanium [5]. Exploration and Sampling - Recent exploration in 2024 involved collecting 39 outcrop samples, yielding values of up to 0.27% nickel, 0.04% cobalt, 0.24% copper, and 0.21 grams per tonne gold [7]. - The area around the Laganiere showing remains largely unexplored, presenting a prime focus for the company [6]. Agreement and Financials - The company has amended its Mineral Property Option and Purchase Agreement, agreeing to issue 200,000 units to the vendor after work is acknowledged by the Ministry of Natural Resources of Quebec [8]. - Each unit consists of one common share and one common share purchase warrant, with an exercise price of $0.60 per share for 24 months [8]. Company Overview - Germanium Mining Corp. is a publicly traded mineral exploration company focused on discovery-stage mineral properties in North America [11].