Canada Lithium intersects higher-grade lithium and confirms depth potential
of Quebec Lithium Project
TSXV: CLQ
The higher grade intercepts were from the initial holes of a 28-hole, 7,500-metre drill program undertaken to confirm, and potentially expand, the deposit's historical but non-NI 43-101 compliant resource of 15 million tonnes grading 1.14% Li2O.
"The initial assay results demonstrate a very successful program and a strong indication that the current drilling grades may be higher than the historical grades. There is close spacial correlation between the historical drilling and the new twinned holes but more significantly, mineralization was found in holes drilled deeper than those documented in mine records," said
The Company's geological consultant, Caracle Creek International Consulting Inc. (CCIC), is currently preparing a resource estimate compliant with NI 43-101 requirements. An initial Independent Technical Report produced by CCIC has been filed and is available on SEDAR or at
"We anticipate CCIC will complete an NI 43-101 compliant resource estimate in February, which puts the Company on target to finalize a prefeasibility study later this quarter,"
Highlights of the drill program assay results received to date (6 holes complete) include the following:
------------------------------------------------------------------------- Intercept From To Width(1) Hole No. (metres) (metres) (metres) % Li2O ------------------------------------------------------------------------- S09-007 91.68 103.48 11.80 1.47 ------------------------------------------------------------------------- S09-008 56.25 75.25 19.00 1.33 ------------------------------------------------------------------------- S09-009 98.02 106.80 8.78 3.08 ------------------------------------------------------------------------- S09-010 105.39 120.26 14.87 1.75 ------------------------------------------------------------------------- S09-010 226.60 236.75 10.15 1.53 ------------------------------------------------------------------------- S09-010 312.30 323.18 10.88 1.25 ------------------------------------------------------------------------- S09-030 87.78 94.75 6.97 1.30 ------------------------------------------------------------------------- (1) Intercepts have not been corrected for true thickness as interpretation is in progress, but were drilled typically at 45-60 degree inclination across dykes dipping 60 degrees to near vertical.
The latest exploration program also included a 20-tonne surface bulk sample and 500 metres of metallurgical core for processing by SGS Lakefield in the first stage of the previously announced pilot plant metallurgical tests scheduled to begin in February.
Please note that in reference to the historical resource above and the potential tonnage (conceptual target) estimate announced in November, 2009, a Qualified Person has not yet done sufficient work to classify either estimate as current mineral resources and the historical estimate should not be relied upon.
Quality Assurance and Quality Control, Qualified Person
The assay analyses performed during CLQ's drill programs are subject to a formal quality assurance and quality control (QAQC) program. Diamond drill core is logged and sampled on site with sample transport by the Company to SGS Laboratories Ltd. (
The Independent Technical Report was prepared by
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of
------------------------------------------------------------------------- Intercept From To Width Hole No. (metres) (metres) (metres) % Li2O ------------------------------------------------------------------------- QL-S09-007 91.68 103.48 11.80 1.47 ------------------------------------------------------------------------- QL-S09-008 56.25 72.25 19.00 1.33 ------------------------------------------------------------------------- QL-S09-008 138.32 141.32 3.00 1.26 ------------------------------------------------------------------------- QL-S09-008 170.00 174.62 4.62 1.03 ------------------------------------------------------------------------- QL-S09-008 184.91 188.91 4.00 1.34 ------------------------------------------------------------------------- QL-S09-009 9.25 19.35 10.10 1.65 ------------------------------------------------------------------------- QL-S09-009 41.80 44.80 3.00 1.29 ------------------------------------------------------------------------- QL-S09-009 98.02 106.80 8.78 3.08 ------------------------------------------------------------------------- QL-S09-009 179.05 184.50 5.45 1.02 ------------------------------------------------------------------------- QL-S09-009 188.00 192.93 4.93 0.96 ------------------------------------------------------------------------- QL-S09-010 3.70 7.70 4.00 1.16 ------------------------------------------------------------------------- QL-S09-010 105.39 120.26 14.87 1.75 ------------------------------------------------------------------------- QL-S09-010 184.22 186.94 2.72 1.13 ------------------------------------------------------------------------- QL-S09-010 226.60 236.75 10.15 1.53 ------------------------------------------------------------------------- QL-S09-010 243.40 251.20 7.80 1.77 ------------------------------------------------------------------------- QL-S09-010 255.38 261.36 5.98 1.48 ------------------------------------------------------------------------- QL-S09-010 262.49 266.40 3.91 1.79 ------------------------------------------------------------------------- QL-S09-010 312.30 323.18 10.88 1.25 ------------------------------------------------------------------------- QL-S09-022 26.68 31.58 4.90 1.17 ------------------------------------------------------------------------- QL-S09-030 27.30 31.90 4.60 1.22 ------------------------------------------------------------------------- QL-S09-030 86.78 94.75 7.97 1.30 ------------------------------------------------------------------------- QL-S09-030 106.84 112.84 6.00 1.27 -------------------------------------------------------------------------
%SEDAR: 00007891E
For further information: Peter Secker, President and CEO, (416) 361-2821; Olav Svela, Director, Investor Relations, (416) 361-2821, [email protected]; Dan Symons, Renmark Financial Communications Inc., (514) 939-3989, [email protected]; Please visit the Canada Lithium website at www.canadalithium.com
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