On-trend with past-producing lithium mine and several showings
Stream-sediment sample highlights potential for additional spodumene-bearing pegmatites on the property
43 mineral claims, totalling 2,020 hectares.
Property Summary and History The property is located approximately four kilometres east of the past producing Quebec Lithium Mine, covering the same geologic contact and potential extensions to the trend of other lithium occurrences to the northwest. Historic exploration within the region has discovered numerous lithium bearing pegmatites across an approximately 20 km long trend.
The Fiedmont Property is located approximately 4 kilometres southeast of the past-producing Quebec Lithium Mine, which contains a measured resource of 6.9 million tonnes (Mt) at 1.18% Li2O, an indicated resource of 26.3 Mt at 1.19% Li2O, and an inferred resource of 13.8 Mt at 1.21% Li2O; all with a cut-off grade of 0.8% Li2O (from Oct, 12th, 2012 Technical Report, Canada Lithium Corp.). The mine was recently acquired by Jilin Jien Nickel Industry Co. for an undisclosed amount.
The Fiedmont Property is also located approximately 1.3 kilometres southwest of the Vallée Lithium Property of Jourdan Resources. The project was explored in 2011 with 21 drill holes, with results of 1.187% Li20 over 5.5 metres in drill hole VAL11-20.
Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the Company’s properties.
The Système d’information géominière of Québec (SIGEOM) database has compiled several stream-sediment samples in the Fiedmont Property area. Anomalous lithium values of 44 and 48 ppm lithium are noted near the Quebec Lithium Mine and other showings to the west. The Fiedmont Property contains one sample with 34 ppm lithium.
Despite it’s location along trend, the Fiedmont Property has not been explored in detail for lithium.
Geology The Fiedmont Property is located along the contact between the Archean Lacorne Batholith to the south and the Abitibi Greenstone belt (Kinojevis and Malartic Volcanics) to the north. Spodumene-bearing pegmatite dykes are located near this contact zone, intruding both of the major rock types.