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May 31, 2010 12:04 ET Nemaska Releases Initial NI 43-101 Resource Calculation for its Lithium/Beryillium Whabouchi Deposit QUEBEC CITY, QUEBEC--(Marketwire - May 31, 2010) - Nemaska Exploration Inc. («Nemaska» or the« Corporation») (TSX VENTURE:NMX) is pleased to announce a Canadian National Instrument (NI) 43-101 mineral resource estimate for the Whabouchi Property, located in James Bay Region of Quebec. The resource estimation has been prepared by Andre Laferriere, M. Sc. P. Geo of SGS Canada Inc. (Geostat) of Blainville, Quebec. Highlights * 9.8 million tonnes grading at 1.63% LI2O in the measured and indicated category * 15.4 tonnes grading at 1.57% LI2O in the inferred category * Resource remains open to depth and along strike to the East * Calculation is based on over 12,745 m of drilling in 67 holes and 37 channels covering 1,285 m to an average depth of 265 m for the Western portion of the deposit and 215 m for the Eastern portion. "We are obviously very pleased with the results of this report which places our hard rock spodumene deposit as one of the largest* in the world," commented Mr. Guy Bourassa, President and CEO. "The report confirms that the lithium mineralization is wide, continuous and high grade. This report does not take into account the last hole of the campaign (results pending) that intersected the main mineralized zone at a depth of 430 m. The results of this drill hole should positively impact the resource calculation given the continuity of the mineralized zone covered in this resource estimate." He added, "Looking forward, we are continuing to progress the project toward development at a rapid pace. We have already begun the metallurgical tests which will lead to a scoping study that we expect to complete this year." *Greenbushes lithium operations in Australia is the largest spodumene producer in the world with resources of 22.5 MT (M+I) grading 3.7% Li2O (386,700 tonnes Li metal). Canada Lithium Inc.'s Quebec Lithium project has resources of 31.6 MT (M+I) grading 1.11% (161,500 tonnes Li metal). Nemaska Exploration Inc.'s Whabouchi project has 9.8 MT grading 1.63% Li2O (74,000 tonnes Li metal) Galaxy Resources Mt Catlin deposit in Australia has reserves of 11.4 MT (M+I) grading 1.05% Li2O (55,600 tonnes Li metal) Hier geht´s weiter: http://www.marketwire.com/press-release/Nemaska-Releases-Ini… |
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| aus der Diskussion: | NEMASKA Exploration Lithium und Nickel Player in Quebec Kanada |
| Autor (Datum des Eintrages): | iZock (31.05.10 19:48:00) |
| Beitrag: | 40 von 184 (ID:39610829) |
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