Chariot Corporation
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Black Mountain Project

Black Mountain Lithium Assays

The Opportunity

The Black Mountain Project is Chariot's core hard rock lithium project and features:

  • Large spodumene-bearing pegmatites outcropping at surface.
  • Black Mountain pegmatites are well mineralised with respect to lithium based on reconnaissance rock chip sampling.
  • Eight (8) samples featured lithia (Li2O) grades >4% Li2O, with best assay result of 6.68% Li2O.
  • Drill permits approved by BLM. Drilling anticipated to commence shortly after the Listing.

Location

The Black Mountain Project is situated in Natrona County and lies approximately midway between Casper and Riverton, Wyoming and comprises 134 unpatented lode mining claims (Claims).

Acquisition History

Chariot assembled the claims package underlying the Black Mountain project through the direct claim staking of public land administered by U.S. Bureau of Land Management supplemented by a series of strategic property acquisitions.  As a result, Chariot controls a large, contiguous set of claims in an area with evidence of outcropping spodumene. 

The Company staked 89 Claims in January 2022 and subsequently entered into discussions with two parties to further consolidate Chariot’s position in the area.  In July 2022, Chariot entered into an agreement with Black Mountain Lithium Corps (BMLC) to acquire 27 claims.  In addition, Chariot entered into an agreement with Vesper Resources LLC (Vesper) to acquire two Claims1. These activities, together with the claim staking of an additional 16 Claims in October 2022 at Black Mountain South, resulted in the control of 134 Claims that comprise the Black Mountain Project.

Note:

1. Refer to the Prospectus for further details on the Black Mountain acquisitions and consideration paid.

Black Mountain Lithium Project
Black Mountain geologist

Recent Exploration

22 rock chip samples were taken from the outcropping pegmatite body which returned assays of up to 6.68% Li2O and with an average assay result of 2.16% Li2O. Eight (8) samples were well mineralised with respect to lithium with lithia (Li2O) grades >4% Li2O.

Chariot has also completed phase 1 of a ground magnetics program totaling 163.3 line km. This program covers the central portion of the area underlain by the metabasalts intruded by pegmatites and will inform the drill collars for the phase 1 DDH program.  

 

Property Geology

The Black Mountain claim block is centred on an Archean granite-greenstone inlier and lies within the south-central portion of the Ervay Basin.

Chariot's claims are underlain by Archaean granites and pendants of metasediments, metabasalts that form part of the Granite Mountains and cover the peak of Black Mountain. The Black Mountain peak which is host to the Black Mountain Spodumene Pegmatite is composed primarily of McDougal Gulch Metavolcanics (mafic schists) and mafic dikes. The spodumene-bearing pegmatite outcrops at surface and strikes east-northeast, subparallel to the crest of the Black Mountain peak.

The spodumene crystals, which make up 10% of the pegmatite, is greenish-grey to pale lavender in colour and have been recorded up to 60cm long and 15cm wide.

Black Mountain Project - Lithium Assays