{"id":25561,"date":"2023-01-16T11:49:49","date_gmt":"2023-01-16T16:49:49","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=25561"},"modified":"2024-03-20T16:44:55","modified_gmt":"2024-03-20T20:44:55","slug":"helicopter-borne-drilling-resumes-at-stria-pontax-project-as-winter-road-construction-blazes-forward","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/helicopter-borne-drilling-resumes-at-stria-pontax-project-as-winter-road-construction-blazes-forward\/","title":{"rendered":"Helicopter Borne Drilling Resumes at Stria Pontax project as Winter Road Construction Blazes Forward"},"content":{"rendered":"

Stria Lithium (TSXV:SRA) announced that the helicopter-supported core drilling program has resumed after Christmas holidays at its flagship Pontax Lithium property, in west-central Eeyou Istchee Baie-James Territory of northern Qu\u00e9bec.\u00a0 The drilling program aims to complete another 3 holes as it waits for the completion of a winter road to mobilize three land-based drill rigs to the site.\u00a0 This road is vital for carrying out proposed 12,000 plus metres winter program designed to delineate a resource as well as test the extensions of the Central Pontax zone, to be completed by early April 2023.<\/p>\n

The winter core drilling program at the Pontax LSPD prospect was designed and will be overseen by partner Cygnus Gold Limited (ASX: CY5).<\/p>\n

\"\"
Figure 1: Winter Road being developed at Pontax Lithium Project, Fall 2022<\/figcaption><\/figure>\n

In July 2022, Stria announced a partnership with Cygnus Gold (ASX: CY5) by which Cygnus has been granted the sole and exclusive option to acquire up to a 70% undivided interest in Stria’s Pontax-Lithium property under a two-stage option for total cash payments of $6 million and exploration expenditure commitments totalling $10 million.<\/p>\n

Cygnus has been exploring the property under the terms of the first of the two-stage option, by which Cygnus is required to incur exploration expenditures on the Property in the amount of $4 million over a period of 18 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stria Lithium (TSXV:SRA) announced that the helicopter-supported core drilling program has resumed after Christmas holidays at its flagship Pontax Lithium property, in west-central Eeyou Istchee Baie-James Territory of northern Qu\u00e9bec.\u00a0<\/p>\n","protected":false},"author":25,"featured_media":25477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2430,56],"tags":[2161,2160,2189],"class_list":{"0":"post-25561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy-transition-metals","8":"category-featured","9":"tag-investing-in-lithium","10":"tag-stria-lithium","11":"tag-tsx-vsra"},"acf":[],"yoast_head":"\nHelicopter Borne Drilling Resumes at Stria Pontax project as Winter Road Construction Blazes Forward | Capital 10X<\/title>\n<meta name=\"description\" content=\"Stria Lithium (TSXV:SRA) announced that the 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