VANCOUVER, Dec. 14, 2017 /CNW/ - Clean Commodities Corp. (TSX VENTURE: CLE)(FRANKFURT: A2ALYM)("Clean Commodities" or the "Corporation") is pleased to provide the following update and particulars regarding the Corporation's principal lithium projects in Canada, as well as an outline of its 2018 exploration objectives.
Phoenix Lithium Project (Canada)
The Phoenix Lithium Project consists of six mineral claims encompassing 4,584 ha. The project is situated within 70 km of Rio Tinto's majority-owned Diavik diamond mine and less than 60 km from the existing winter road infrastructure. Within the Phoenix area, historic prospecting has identified at least eight spodumene-bearing lithium pegmatites with the two most advanced being the Bird Bird Lithium Pegmatite and the Curlew Lithium Pegmatite.
The Bird Bird Lithium Pegmatite has been mapped over a strike length of 1,200 m and is up to 80 m wide.
Past drilling at the Big Bird Lithium Pegmatite included:
- 09PX01: 34.3 m of 1.24% Li2O.
The Curlew Pegmatite has been mapped over a strike length of 400 m and is up to 20 m wide. Three drill holes were completed in 2009 across 315 m of strike, results are as follows:
- 09C01: 25.11 m of 1.37% Li2O
- 09C02: 8.57 m of 1.47% Li2O
- 09C03: 14.87 m of 1.72% Li2O & 6.65 m of 1.26% Li2O
The past drilling at the Big Bird and Curlew pegmatites was completed by North Arrow Minerals Inc. Additional drilling is required to confirm the orientation of the pegmatite(s) and true thickness.
Additional information on the Phoenix Lithium Project may be found at:
Torp Lake Lithium Project (Canada)
The Trp Lake Lithium Project encompasses approximately 1,003 ha and is within 35 km to the west of tidewater at Bathurst Inlet. The project covers the McAvoy lithium pegmatite which has been observed over a strike length of 110 m, with widths of 10 to 15 m. Historic channel sampling returned:
- 6.0 m of 4.5% Li2O
- 7.0 m of 3.3% Li2O
Past work has included the liberation of spodumene from a bulk sample, which confirmed a high-purity lithium concentrate.
Additional information on the Torp Lake Lithium Project may be found at:
Juliet Lithium Project (Canada)
The Corporation's Juliet Lithium Project is located in Quebec, Canada and is situated adjacent to Critical Element Corp.'s Rose Lithium Project. The project is 9,544 ha in scale.
A summer 2017 exploration program at the Juliet Lithium Project successfully identified a spodumene rich, mineralized boulder field with up to 1.65% Li2O (see news release dated September 26, 2017, Clean Commodities Corp. Announces the Discovery of a Distinct Lithium-Rich Boulder Field Assaying up to 1.65% Li2O; Acquires 2,594 Ha of Additional Tenure in Juliet Lithium Project Expansion).
The discovery is located less than 5 km to the northeast of Critical Rare Earth Elements Rose Lithium-Tantalum Deposit and proximal to other known and recently discovered lithium-tantalum pegmatites. The Corporation believes the boulders to be sourced in close proximity and from within tenure held by the company given the abundance, characteristics and metre-scale size of the boulders.
Additional information on the Juliet Lithium Project may be found at:
Spodumene Lake and Dumont Lithium Projects (Canada)
The Corporation's Spodumene Lake and Dumont Lithium Projects (collective, the "Whabouchi Regional Lithium Project") covers two tenure blocks: the Dumont block, covering 14,548 ha; and the Spodumene Lake block at 4,848 ha, both located in close proximity to Nemaska Lithium Inc. Inaugural exploration work at this lithium project last summer identified surface samples up to 344 ppm Li2O (see news release dated October 27, 2017, Clean Commodities Corp. Discovers Lithium at Dumont near Nemaska, Quebec with Surface Samples up to 344 ppm Li2O).
The Corporation recently announced an option partner for the Whabouchi Regional Lithium Project (see news release dated November 30, 2017, Clean Commodities Corp. Announces Option Partner at Dumont and Spodumene Lake Lithium Projects Under $5 Million Exploration Earn-In).
Additional information on the Whabouchi Regional Lithium Project may be found at:
2018 Exploration Objectives at Canadian Lithium Projects
The Corporation is currently developing plans for exploration programs at its Phoenix, Torp Lake and Juliet Lithium Projects.
During the first quarter of 2018, the Corporation anticipates completing a conceptual exploration model at its Phoenix Lithium Projects (the Big Bird and Curlew lithium pegmatites) to validate a potential tonnage model supportive of aggressive follow-on exploration.
During mid-2018, the Corporation intends to conduct field programs at the Phoenix Lithium Project and the Torp Lake Lithium Project to sample additional pegmatites within the area, as well as to further assess the Big Bird, Curlew and McAvoy lithium pegmatite bodies. Follow-up work may also include a diamond drilling program.
At the Juliet Lithium Project, the Corporation anticipates that a ground magnetic survey, trenching and rock sampling may form the basis of exploration at Juliet during 2018. Follow-up work may also include a diamond drilling program.
At the Whabouchi Regional Lithium Project, near-term exploration plans for the project by earn-in partner Cameo Resources Inc. are expected to be announced shortly.
Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the Company's properties. The Corporation cautions that exploration plans are subject to certain prerequisites including, but not limited to, the sourcing of exploration funds, community engagement, and permitting.
For Phoenix and Torp Lithium Projects:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Carl Schulze, P.Geo., a Qualified Person and a Director of the Corporation.
For Juliet and Whabouchi Regional Lithium Projects:
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company involved in a diverse portfolio of clean commodity assets including lithium and uranium projects. For more information, please visit www.cleancommodities.com.
Ryan Kalt, Chief Executive Officer
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
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.
SOURCE Clean Commodities Corp.
For further information: Ryan Kalt, Chief Executive Officer, 1-604-652-1710, [email protected], www.cleancommodities.com