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Nemaska Lithium Inc.
Summary
| Project: | Whabouchi | |
|---|---|---|
| Deposit: | Whabouchi | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 10/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-10-2016: Nemaska Lithium Inc. announces an Exploration/Drilling Update report for its Whabouchi deposit at the Whabouchi project. Drilling results incl. 18.4m @ 2.05% Li2O from 86.5m. Quebec, October 13, 2016. Nemaska Lithium Inc. (“Nemaska Lithium” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jean-Philippe Paiement (SGS Canada Inc.) | |
| ABSTRACT: | Quebec, October 13, 2016. Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTC: NMKEF) is pleased to provide an update on the assay results received to date from the previously announced definition drilling campaign for its Whabouchi lithium project. The 50 drill holes (17,400m) program was concluded on September 16, 2016. A total of 3,908 drill holes samples (3,897m) were taken from the different Spodumene bearing pegmatites intervals encountered during the drilling campaign. “This drill program is accretive to our existing mineral resources. Objectives 1 and 2 of the drilling program above were designed to increase our resources/reserves in the future open pit mine. Drill results reported to date have accomplished this. By upgrading the inferred resource we will now be able to include material previously calculated as waste rock as mineralized material. Likewise the expansion of the mineralized zone down to 300 m will allow us to add additional material to our resource. I am keen to see the results from the Doris zone as this has the potential to increase the size of the pit shell. Ultimately this drill program has been a complete success and I believe our goals of lowering our already low cost of concentrate while increasing the mine life and mine production rate are achievable,” commented Guy Bourassa, President and CEO of Nemaska Lithium. | |
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