The PEG Property is located in Central Newfoundland, approximately 100 km southwest of the community of Badger.
The Property consists of 1 mineral license comprised of 181 claims and covers an approximate area of 4,525.00 ha. Title to these mineral licenses is 100% held by Sorrento Resources Ltd.
Anomalous lithium values up to 399.4 ppm were obtained from samples of coarse-grained pegmatite containing light green colored muscovite. The light green colour suggests that it may be lithium bearing. (Magyarosi, 2020).
The geological setting of the Snowshoe Pond pegmatite dykes is similar to that of the Superior Province pegmatites. They are located close to a major structural boundary between the Exploits and Meelpaeg subzones, and several are hosted in metasedimentary rocks of the Spruce Brook Formation. The grade of metamorphism ranges from greenschist to amphibolite facies, but is locally higher.