LITHIUM: Nemaska sells Sirmac property to ABE Resources

QUEBEC – Quebec City-based Nemaska Lithium has sold its 100% interest in the Sirmac lithium property to ABE Resources of Val d’Or, Que. The property, 180 northwest of Chibougamau, consists of 24 map designated mining claims covering about 1,000 hectares. [caption id="attachment_1003721930" align="alignleft" width="300"] Gary H.K. Pearse of Equapolar Consultants examines the No.5 pegmatite dyke at Sirmac in October 2010. (Image: Nemaska Lithium)[/caption] ABE paid for the property with $250,000 in cash and 15 million common shares valued at $0.40 each for a total consideration of $6 million. The transaction makes Nemaska the largest shareholder of ABE with 19.18% of the outstanding shares. Nemaska explored the Sirmac property from 2010 to 2012. A historic measured resource of 185,000 tonnes averaging 1.40% lithium oxide, an indicated resource of 79,000 tonnes averaging 1.40%, and an inferred resource of 40,000 tonnes at 1.10% was estimated. In connection with the purchase, ABE received a 43-101 compliant technical report dated Jan. 18, 2018. The report recommends resampling historic drill core intervals and twinning a number of historic holes to possibly increase the resource numbers. A 3D model of the deposit could then be created. A detailed geological mapping, prospecting and sampling program are also recommended. For additional information about the Sirmac lithium property, visit www.ABEresources.ca.