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Nemaska Lithium Inc.
Summary
| Project: | Whabouchi | |
|---|---|---|
| Deposit: | Whabouchi | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 8/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-8-2017: Nemaska Lithium Inc. announces an Exploration/Drilling Update report for its Whabouchi deposit at the Whabouchi project. Drilling results incl. 90.80m @ 1.494% Li2O from 8.20m. Québec, August 1, 2017. Nemaska Lithium Inc. (“Nemaska Lithium” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Louis Caron (Independent) | |
| ABSTRACT: | Québec, August 1, 2017. Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTC: NMKEF) is pleased to announce diamond drilling results from the 2017 drill program at its 100%-owned Whabouchi lithium mine project. The 4,361-metre drill program combines definition drilling to a depth of 50 metres in the ''Five Year Starter Pit" between sections 200E and 700E as well as expansion drilling in the Doris zone located immediately to the SW of the main Whabouchi deposit. “About half of our infill drill holes reported significant widths and grades above 1.5%, which is our reserve grade,” commented Guy Bourassa, President and CEO of Nemaska Lithium. “This is consistent with the results of our bulk sample which was taken from the eastern end of the pit shell and had an average head grade of about 1.7% Li2O. This bodes well for our mine start-up, when project economics are so critical in terms of the capital payback.” Bourassa continued, “I am also very pleased with the grade and width of the Doris Zone results which are all within the current pit shell. With the Doris discovery, what was previously recorded as waste rock is now ore. We will see the impact of Doris in future studies which are planned following the completion of our project financing.” | |
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