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Torp Lake Lithium Deposit

Highlights:

  • 6.0 m grading 4.5% Li2O

  • 7.0 m grading 3.3% Li2O

The Torp Lake Project covers 1,003 ha and is located only 35km from tidewater in the north Slave region of Nunavut. The Torp Lake Project hosts the McAvoy lithium-rich pegmatite.

Past channel sampling work on this spodumene bearing pegmatite has returned 6.0 m grading 4.5% Li2O and 7.0 m grading 3.3% Li2O. The channels were located 78 m apart and orientated perpendicular to the north-south strike of the pegmatite.

Lithium is contained in the mineral spodumene, high concentrations of which are observable within the McAvoy pegmatite over a 110m strike length with widths of 10m to 15m. Testing the down dip and additional along-strike potential of the McAvoy pegmatite will require a program of ground geophysics and drilling. Mineralogical analysis, completed by SGS Canada Inc., of a composite sample indicated excellent liberation of spodumene (99%) and microprobe analysis confirmed the spodumene is exceptionally pure and clean of major elements, particularly iron and manganese.

The McAvoy pegmatite is a potential source of premium-priced rare technical grade spodumene.

The Athabasca Basin Diamond Project is located in northwest Saskatchewan and consists of 26 individual tenure claims comprising approx. 63,167 ha (approx. 156,022 acres).

Clean Commodities’ Athabasca Basin Diamond Project represents the second largest tenure position currently held by a publicly-traded company in the mapped region (behind Fjordland Exploration Inc.).

 

Exploration work on the Athabasca Basin Diamond Project for the current assessment period must be completed by mid-summer 2018.

 

Among other exploration companies active in the region is CanAlaska Uranium Ltd., which recently signed a property option agreement with De Beers Canada Inc. providing for up to $20.4 million in exploration work (see CanAlaska Uranium Ltd. news release dated May 18, 2016).

 

The area in which the Athabasca Basin Diamond Project is located has seen a recent surge in tenure staking by both publicly-listed and privately-held companies. The Corporation believes that this tenure acquisition activity reflects the expanding geographic area of exploration interest in the region.

The Corporation cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the Corporation’s properties.

Athabasca Basin Diamond Project

Highlights:

Full Size Project Map

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project map.