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Canadian International Minerals Inc.
Summary
| Project: | Leduc | |
|---|---|---|
| Deposit: | Leduc | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 9/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-9-2016: Canadian International Minerals Inc. announces a Supporting Acquisition report for its Leduc deposit at the Leduc project. Amended Technical Report on recently disposed Leduc Property. Canadian International Minerals Inc. (“CIN”) has commissione | |
| Resources: | x | |
| CP/QP: | [Overall Report]: D. Roy Eccles, Michael B. Dufresne (APEX Geoscience Ltd.) | |
| ABSTRACT: | Canadian International Minerals Inc. (“CIN”) has commissioned APEX Geoscience Ltd. to prepare a revised and amended Technical Report to introduce a lithium oilfield brine project in Alberta, Canada. The Leduc Property, which is the subject of this Technical Report, is located in west-central Alberta, directly south and west of the Town of Valleyview, approximately 85 km east of the city of Grande Prairie and 270 km northwest of the capital city of Edmonton, Alberta. The Property consists of 15 contiguous Industrial and Metallic Mineral Permits encompassing 132,773.74 hectares (328,091.06 acres), for which CIN owns 100% interest in the mineral rights. Note: In August 2016, CIN disposed of the Leduc Property and will no longer pursue any activity/development at the Property. In Alberta, rights to metallic and industrial minerals, to bitumen (oil sands), to coal and to oil/gas are regulated under separate statutes, which collectively make it possible for several different ‘rights’ to coexist and be held by ‘different grantees’ over the same geographic location. In Alberta, lithium is considered a metal or mineral, and therefore, the statutes fall under industrial and metallic mineral legislation that is regulated and administered by Alberta Energy. The Permits grant CIN the exclusive right to explore for metallic and industrial minerals for seven consecutive two-year terms (total of fourteen years), subject to biannual assessment work. The Leduc Property represents an early-stage exploration project, and at present, CIN is relying on historical brine geochemical fluid data to assess the lithium-brine potential. These 1990’s to 2010’s government and industry formation water studies have reported that anomalous values of lithium (“Li”) and other elements (e.g., potassium, “K”; boron, “B”; and bromine, “Br”) occur in Devonian aquifers associated with carbonate buildups in the Leduc Formation of the Woodbend Group and the Swan Hills Formation of the Beaverhill Lake Group. In the case of the Leduc Property, brine from the Leduc Formation aquifer is pumped to the surface from depths of approximately 2,500 m as part of hydrocarbon production associated with the Sturgeon Lake oilfield. | |
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