News Brief: Lancaster Resources Inc.

Thursday, August 24, 2023

Vancouver, British Columbia based Lancaster Resources Inc. (CSE: LCR) (OTC Pink: LANRF) (FRA: 6UF0) announced KLM Geophysics is commencing the Magneto-Telluric geophysics program at Lancaster's Alkali Flat Lithium Project located in Lordsburg, New Mexico, USA.

According to the release, the MT program is targeting highly conductive stratigraphic units (layers) to further delineate drill targets in a highly prospective area on the NE part of the property.

Within the next few weeks, Lancaster anticipates receiving survey results, which management expects will guide them in identifying clear drilling targets.

Lancaster's recent exploratory and geochemical results have highlighted a location believed to host a lithium-rich aquifer.

"Combining this MT survey with our geochemical and conductivity data will sharpen our drilling focus, targeting the discovery of lithium-saturated aquifers," remarks Andrew Watson, Vice President of Engineering and Operations at Lancaster.

Lancaster Resources is engaged in exploring energy transition metals to take advantage of the global shift towards decarbonization and electrification. Its Alkali Flat Lithium Project, in Lordsburg, New Mexico, USA, involves the exploration of a below-surface lithium brine target.

Shares traded last session down 2 cents at $0.12