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Nemaska Lithium Inc.
Summary
| Project: | Whabouchi | |
|---|---|---|
| Deposit: | Whabouchi | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 6-9-2016: Nemaska Lithium Inc. announces an Exploration/Drilling Update report for its Whabouchi deposit at the Whabouchi project. Drilling results incl. 15.2m @ 1.43% LiO2 from 2.6m. Quebec, September 6, 2016. Nemaska Lithium Inc. (“Nemaska Lithium” or t | |
| Resources: | (Resource, M+I): 27.9Mt @ 1.57% Li2O | |
| CP/QP: | [Overall Report]: Jean-Philippe Paiement (SGS Canada Inc.) | |
| ABSTRACT: | Quebec, September 6, 2016. Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTC: NMKEF) is pleased to provide an update on the previously announced definition drilling campaign for its Whabouchi lithium project. The drill program was expanded from 44 drill holes over 13,700 m to 50 holes over 17,000 m after the company encountered a new lithium bearing zone in the southwestern end of the planned pit area (Figure1). The initial discovery was made on holes WHA-16-190; that intersected a new mineralized zone over 29.1m along core at 150 m vertical depth, WHA-16-184 over 81.7 m along core at 245 m vertical and WHA-16-189 over 44.8 m at 500 m vertical on the same section (3+50). Five (5) holes to confirm the lateral extensions of this new lithium zone up to 100m East and West of section 03+50 along strike are currently being drilled and are expected to be completed in early September 2016. Additional details of this new lithium zone will be released as the Corporation receives assay results. “Drilling has gone even better than expected and I am obviously very pleased with this new lithium discovery” commented Guy Bourassa, President and CEO of Nemaska Lithium. “What we know now is that the new zone is quite a thick dyke and we are seeing true widths similar to the main zone at Whabouchi. I am excited to see what impact this new discovery will have on our world class Whabouchi lithium project,” commented Guy Bourassa, President and CEO of Nemaska Lithium. | |
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