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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 Wollaston NE Uranium Project that encompasses approximately 81,000 ha (roughly 200,000 acres) within the prolific Wollaston Tectonic Domain, which itself is host to a majority of current and historic uranium production in the Athabasca Basin. Historic basement hosted mineralization at deposits such as McArthur River and more recent discoveries such as Roughrider and Gryphon demonstrate the potential of this basement domain to host significant uranium occurrences.

Favorable basement lithology’s, regional structures, conductors, and a historic boulder with uranium mineralization of 0.72% U3O8 confirm the potential of the Wollaston NE Uranium Project. Exploration efforts going-forward are expected to include a comprehensive analysis of historic data with a view to identifying basement-hosted, structurally-controlled targets similar to those located throughout the Wollaston Domain.

 

The broader Wollaston Northeast region is currently the focus of exploration efforts by a number of publicly-traded exploration companies including Northern Uranium Corp. (“Northern Uranium”), Roughrider Exploration Limited (“Roughrider Exploration”) and Fission 3.0 Corp. (“Fission 3″).

Northern Uranium’s Northwest Manitoba uranium project (optioned (up to 80%) from CanAlaska Uranium Ltd. on terms that include exploration spending of up to $11.6 million) has been the focus of past exploration which has produced numerous priority basement-hosted drill targets. Clean Commodities Corp. notes that Kelowna-based Northern Uranium benefits from the expertise of Dr. Charles Fipke, who serves as a consultant to Northern Uranium and is a reporting shareholder of Northern Uranium.

Roughrider Exploration’s recent acquisition of up to an 85% interest in the Genesis Project from Kivalliq Energy Corp. will require approximately $5 million in expenditures, cash payments and share issuances.

 

Clean Commodities Corp. recommends that its shareholders to review the recent Northern Miner article titled, “Roughrider rises again”, available on the Northern Miner website at: http://www.northernminer.com/news/roughrider-rises-again/1003101171/

Both the Northwest Manitoba and Genesis projects are immediately adjacent to the Wollaston NE Uranium Project.

Wollaston NE Uranium Project

Highlights:

  • District-scale land package approaching 200,000 acres.

  • Located within the profilific Wollaston Tectonic Domain, basement-hosted uranium exploration.