Midas Minerals identified Argus pegmatites, measuring up to 30m in width and extending at least 450m, from the Reid-Aylmer Project in Canada.

Sample assays reveal lithium oxide concentrations of 7.25%, 5.55%, 5.12%, and 3.97%.

Midas Minerals, having received results from 39 initial samples, plans to explore numerous pegmatite targets across the 157km2 project area.

The company aims to further explore the extensive pegmatite swarms in the area.