QUEBEC - Toronto-based Canada Lithium Corp. says its 100%-owned Quebec project 60 km north of Val d'Or contains a measured and indicated mineral resource of 31.6 million tonnes grading 1.11% Li2O. There is also an additional inferred resource of 1.12% Li2O. By comparison, the historical estimate was 15 million tonnes grading 1.14%.
The company says the mineralization occurs in a series of parallel, steeply dipping spodumene-bearing pegmatite dykes. The deposit stretches 1,000 metres in a northwest-southeast axis and is 550 metres wide. The deposit continues to at least 430 metres deep. It is amenable to open pit mining.
Canadian Lithium is awaiting the results of a pre-feasibility study conducted by BBA of Montreal for a 2,900-t/d mine and plant to produce approximately 40 million lb of lithium carbonate per year. The study is due in Q1 2011. A sample of mineralized material from the project is undergoing pilot plant testing at SGS Lakefield.
The November 2009 technical report on the Quebec lithium project is available at www.CanadaLithium.com.