Torp Lake Lithium Deposit
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.
Beaverhill Lithium Oilfield Brine Project
Large-scale 9,216 ha (22,763 acres) project in targeted brine pool coverage.
Historic sampling on CLE tenure of 100 m/l lithium from the Leduc formation
Prospective for petrolithium brine exploration.
The Beaverhill Lithium Brine Project located in the Swan Hills area of west-central Alberta. Within the region, formation waters associated with oil and gas wells are known to contain highly elevated concentrations of lithium, potassium, boron and other commodities.
The Beaverhill Lithium Brine Project encompasses 9,216 ha (22,763 acres). Historic water samples from the Beaverhill Lithium Brine Project have to-date returned up to 100 mg/l lithium from the Leduc formation.
Our Beaverhill Lithium Bring Project is similar to projects being advanced by other publicly-traded exploration companies in the area, including MGX Minerals Inc., and Empire Rock Minerals Inc., each of whom are advancing adjacent and nearby lithium brine projects.
Shareholders interested in learning more about Alberta’s lithium brine potential are encouraged to review the report, Geological Introduction to Lithium-Rich Formation Water with Emphasis on the Fox Creek Area of West-Central Alberta (NTS 83F and 83K)(ERCB/AGS Open File Report 2011-10) available online: http://ags.aer.ca/publications/OFR_2011_10.html
In 2010, the Alberta Geological Survey (AGS) constructed an Alberta-wide Lithium Groundwater and Formation Water Geochemical dataset, which includes data from the AGS and the Alberta Research Council. The intent of the data compilation was to aid industry in evaluating and characterizing potential mineral resources by being able to distinguish background and anomalous concentrations of lithium throughout Alberta. The resulting dataset contains 1,511 records, of which 48 returned results greater than the defined threshold value of 75 ppm Li to a peak of 140 ppm. A total of 19 analyses returned greater than 100 ppm Li from the Beaverhill Lake Formation and Woodbend and Winterburn Groups in west-central to northwestern Alberta.
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