QUEBEC - Lithium One of Vancouver has issued a 43-101-compliant resource estimate for its James Bay lithium project in the Eastmain greenstone belt. The indicated portion is 11.75 million tonnes at 1.30% Li2O, and the inferred material is 10.47 million tonnes at 1.20% Li2O.
The James Bay lithium project hosts a swarm of outcropping spodumene-bearing pegmatite dykes ranging in width from two to more than 50 metres over a corridor stretching almost 5 km. This resource includes data from only the 2-km span of dykes drill tested by Lithium One in 2008 and 2009.
The block model indicates that the resource is amenable to open pit extraction. Furthermore, there are opportunities to increase the grade and tonnage of the resources with additional drilling. The model and pit optimization indicate that the grade of the resources can be increased through the better definition gained by drilling the dykes at closer spacing. In addition, the entire resource occurs in pit shells that bottom at 220 metres, which is near the limit of the existing drilling.
Visit the photo gallery at www.Lithium1.com for detailed pictures of drill core and spoduomene mineralization.