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Nemaska Lithium Inc.
Summary
| Project: | Whabouchi | |
|---|---|---|
| Deposit: | Whabouchi | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 12/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 1-12-2016: Nemaska Lithium Inc. announces a Resource Estimation report for its Whabouchi deposit at the Whabouchi project. Updated mineral resource estimate for Whabouchi project. Quebec, December 1, 2016. Nemaska Lithium Inc. (“Nemaska” or the “Corporati | |
| Resources: | (Resource, M+I): 36.620Mt @ 1.48% Li2O at Whabouchi | |
| CP/QP: | [Resources]: Jean-Philippe Paiement (SGS Canada Inc.) | |
| ABSTRACT: | Quebec, December 1, 2016. Nemaska Lithium Inc. (“Nemaska” or the “Corporation”) (TSX: NMX) (OTC:NMKEF) (FRANKFURT:NOT) is pleased to announce that, following the completion of the Summer 2016 definition diamond drilling campaign, (see press release of July 13, 2016), an updated Mineral Resource estimate has been completed by Jean-Philippe Paiement, P.Geo., M.Sc., of SGS Canada Inc. The Mineral Resource was interpolated using ordinary Kriging and was limited inside an optimized pit shell. Following interpolation by SGS Canada Inc., the block model was submitted to Met-Chem/DRA to run pit optimization using MineSight©. The portion of the block model located below the optimised pit shell is not included in the updated Mineral Resources. The company is currently preparing a National Instrument 43-101 format updated Feasibility Study on the Whabouchi project, which will include the updated Mineral Resource estimate. Currently, there is a National Instrument 43-101 format Feasibility report on the Whabouchi project with an effective date of April 4, 2016 (revised on June 8, 2016), that incorporates the past Mineral Resource estimate prepared by Jean-Philippe Paiement, P.Geo., M.Sc. of SGS Canada Inc. with an effective date of January 22, 2014. | |
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