International Lithium: Strategic Partner Ganfeng Lithium to Increase Equity Ownership
International Lithium Corp. (TSX.V: ILC) (the “Company” or “ILC”) is pleased to announce that Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”), a leading China based multi-product lithium manufacturer will increase, through a third party share purchase arrangement with TNR Gold Corp., its equity stake in ILC by 2.3% to 18.1% on a non-diluted basis.
Key Highlights:
- Strategic Partner Ganfeng Lithium increases ownership in ILC to 18.1%;
- US12 million budget at Mariana lithium brine project aggressively implemented with maiden resource drilling nearing completion and pump tests commencing in the New Year.
- The Company is working with Ganfeng Lithium to secure an effective long-term exploration and development plan for Avalonia, Ireland.
“I am very pleased that Ganfeng Lithium is reinforcing its strategic stake in International Lithium. Ganfeng is a worldwide leader in lithium materials production based in China. They provide not only the capital to advance our joint venture projects in Argentina and Ireland, but technology to facilitate potential production to their particular needs as a lithium end-user. Ganfeng holds 19 patents and is the only company producing lithium chemicals both from brine and hard rock spodumene sources” states Kirill Klip, President of the Company.
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Wealth Signs Formal Option Agreement for the Atacama Lithium Project, Chile
Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or “Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ), announces that its wholly-owned Chilean subsidiary (“Wealth Chile”) has entered into a formal option agreement with Atacama Lithium SpA, whereby it has been given the exclusive right and option (the “Option”) to acquire a 100% royalty-free interest in 144 exploration concessions (the “Concessions”) referred to as the Proyecto Atacama Lithium project (the “Project”) and located in the Atacama Salar in Region II of Antofagasta, northern Chile (the “Transaction”).
The Company also announces that, in conjunction with the completion of its due diligence on a proposed acquisition of Li3 Energy, Inc. (see press release of February 1, 2016), the Company has elected not to proceed with the proposed transaction. However, the Company continues to monitor projects and developments in the Maricunga Salar and other salars for potential acquisition opportunities.
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Rare Earth Minerals says Cinovec mine boosted by lithium upgrade
Rare Earth Minerals plc (LON:REM) said the potential mine at the Cinovec lithium/tin project in the Czech Republic has been boosted by a substantial upgrade to the higher confidence indicated resource.
The lithium indicated resource was lifted 420% to 2.6 Mt (million tonnes) of LCE (lithium carbonate) contained in 232.8 Mt at 0.45% Li2O (lithium oxide at a 0.1% lithium cut-off.
Meanwhile, the total lithium resource at the project increased 11.8% to 6.46 Mt of lithium carbonate, contained in 606.8 Mt at 0.43% lithium oxide, revealed European Metals Holdings, the operator of the site.
The indicated resource for tin increased by 64% to 28.6 Mt at 0.23% tin, 0.54% lithium oxide for 65,800 tonnes of tin and 0.38 million tonnes of lithium carbonate.
Rare Earths said the exploration target earmarked for lithium remained at between 350 and 450 million tonnes at 0.39% to 0.47% for between 3.4Mt and 5.3 Mt of lithium carbonate.
The significant increase in the indicated portion and the overall resource will have a positive impact for mine planning and the life of mine.
A pre-feasibility study is ongoing and due for publication at the end of March next year.
REM’s chief executive Kiran Morzaria said: “The increase in indicated mineral resource to 2.6Mt of LCE at the Cinovec lithium / tin project is an excellent result from the drilling, interpretation and geological modelling that has occurred over the last few months.
“This work has not only succeeded in delivering substantial increase in the mineral resource, but it has also, critically, delivered a substantial the indicated portion of mineral resource. This will allow the management to maximise the economic returns by targeting high grade sections of the deposit.
“In addition, the conceptual target of between 3.4Mt and 5.3Mt LCE, further illustrates that the Cinovec lithium / tin project still has ample scope for expansion, either in size or in production capacity.”
REM holds a 17.57% economic interest in Cinovec, via its interest in European Metals.
On Friday, EMH held its AGM, in which Rare Earths placing in EMH was approved. It is anticipated that this will complete over the next few days after which REM will hold 20.76%.
Shares in REM nudged 0.94% higher to 0.535p.
Source: http://www.proactiveinvestors.co.uk/companies/news/169382/rare-earth-minerals-says-cinovec-mine-boosted-by-lithium-upgrade-169382.html
Durango Attending Quebec Mines Conference in Quebec City $DGO.ca
- Attending the Quebec Mines conference in Quebec City beginning November 21, 2016
- Meeting with drilling companies as it plans work at its 100%-owned NMX East lithium prospect located in northern Quebec
Vancouver, BC / November 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it will be attending the Quebec Mines conference in Quebec City beginning November 21, 2016 and meeting with drilling companies as it plans work at its 100%-owned NMX East lithium prospect located in northern Quebec.
As outlined in Durango’s news release dated September 21, 2016, lithium anomalies were discovered in three distinct lithium-bearing pegmatite intrusions during Durango’s inaugural exploration program on its NMX East property, adjacent to the Nemaska Lithium (T.NMX) Whabouchi property. Nemaska Lithium announced on September 6, 2016 and October 13, 2016 that drilling had extended the Whabouchi deposit to the east. Durango’s land position is strategically located along the eastern boundary of the Whabouchi property.
The Company intends to begin stripping and/or drilling of the pegmatite targets in the new year to determine the full extent of the intrusive bodies. Durango announced on October 31, 2016 that is accepting bids to drill these targets and will be meeting with contractors at the Quebec Mines convention in Quebec City.
Marcy Kiesman, CEO of Durango, comments, “Durango’s significant new discovery of pegmatites near the Whabouchi deposit has created great potential for the Company. The next step will be to trench and drill the lithium-bearing pegmatite targets to determine the extent to which the mineralization at NMX East reaches at depth.”
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.
The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Pacific North West Capital Corp. Reports Up To 3.04% Lithium Oxide On The Lithium Two Project, SE Manitoba $PFN.ca
- Phase One Program of pegmatite sampling completed on Pacific North West Capital’s (PFN) Lithium Projects in SE Manitoba by its 100% owned Lithium Division, Lithium Canada Developments (LCD)
- Two main pegmatites were sampled
- Multiple high grade surface samples from the Eagle Pegmatite yielding assays of up to 3.04% Li2O
- Surface samples from the FD No. 5 Pegmatite yielded assays of up to 2.08% Li2O
- 2000m drill program recommended and a detailed mapping and sampling program.
November 17th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments has received the assays from its 2016 Phase One Field Program on the Lithium Two Project. The company considers these results to be very positive and highlights the lithium potential of the Lithium Two Project.
The Lithium Two Project is located north of Cat Lake, approximately 145 kilometers (90 miles) northeast of Winnipeg, Manitoba (Canada) and 22 kilometers north of the Tanco Mine Site (Figure 1). Geologically, the project is situated in the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite, which has been mined since 1969 at the Tanco Mine Site. At one time, the Tanco Mine was North America’s only producer of Spodumene (a primary lithium mineral). This Project has excellent access via a major gravel covered provincial highway in the project area.
Two historically known Pegmatites exist in the project area; the Eagle Pegmatite and the F.D. No. 5 Pegmatite. Numerous other surface exposed Pegmatite Dykes occur in the project area. Surface samples were collected during a Phase One Exploration Program to evalute the two major Pegmatites. Assays are displayed in Table 1 and sample locations are shown in Figure 2.
The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Dykes, over a distance of about 823 meters, with a general strike of 077? and a near vertical dip. Approximately 200 meters of the Eagle Pegmatite was examined in this program. In 1947, drilling of the Eagle Pegmatite estimated that there was 545,000 tonnes (600,000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 60 meters (200 feet). This is a historic estimation and is not NI 43-101 compliant and should not be relied upon. The Eagle Pegmatite remains open to depth.
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Figure 1: Lithium Two Project Location Map
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The F.D. No. 5 Pegmatite is exposed over an area of 15 square meters, but is poorly exposed away from the main showing. This Pegmatite strikes at 80? and dips near vertically to the north. The Pegmatite has not been previously drill tested.
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Table 1: Lithium Two Project Assay Result
The Lithium content over each of the sampled Pegmatites is extremely high. In addition, Tantalum, Cesium and Rubidium contents are enriched – consistent with a Lithium-Cesium-Tantalum (LCT) Type Pegmatite. LCT Type Pegmatites are the deposit types of interest in Lithium Exploration. The Tanco Pegmatite is a LCT Type Pegmatite.
The Pegmatite samples were sent to the Activation Laboratories facility in Ancaster, Ontario for analysis. Samples were prepared using the lab’s Code RX1 procedure, in which samples are crushed up to 95% passing through a 10 mesh, riffle split, and then pulverized with mild steel to 95% passing 105 um. Analyses were completed using the lab’s Ultratrace 7 Package. This package is a sodium peroxide fusion, which allows for total metal recovery and is effective for the analysis of sulphides and refractory minerals. Assay Analysis is carried out using ICP-OES and ICP-MS instrumentation. Due to the reconnaissance and prospecting nature of the Phase One Program, independent standards or blanks were not submitted with the samples. However, Activation Laboratories followed their own internal QA/QC procedures. It is recommended that for future detailed mapping/sampling programs and for drilling, a full QA/QC program of standards, duplicates and blanks be implemented.
It is recommended that additional samples be collected along the strike of the Eagle Pegmatite and during reconnaissance sampling of the minor pegmatites in the project area. Additional sampling will occur over the next few weeks. The sampling results will be utilized to create a surface distribution map of the lithium content. During the 2017 field season, it is recommended that the area be mapped in detailed with the purpose of understanding the controls on the Pegmatite emplacement and discovering more Pegmatites. A drill program of 2000 meters is recommended for 2017 to test the Eagle and F.D. No. 5 Pegmatite Dykes.
To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential in the Cat Lake-Winnipeg River Pegmatite Field of southeast Manitoba. PFN is the largest mineral claim holder in the Pegmatite Field. As part of company’s Prospector Generator Model, negotiating is currently ongoing with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives.
About PFN’s PGM Division
PFN’s flagship project is its 100% owned River Valley PGM Project (PFN Website – River Valley Project) in the Sudbury Mining District of northwest Ontario (60 kilometers due east of Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus gold. River Valley PGM-copper-nickel sulphide mineralized zones remain open to expansion and is undergoing continued exploration. Results are expected from the fall drill program in the next few weeks.
Management Commentary
Harry Barr, Chairman and CEO comments; “The positive results from the Lithium Two project correlate well with managements objective to bring three of the companies five lithium projects to the drill stage before the end of the first quarter of 2017. We have also just completed the fall drill program of the 100% owned River Valley Project, which is one of Canada’s largest undeveloped primary PGM projects. Results from both divisions are expected over the next few weeks.”
QUALIFIED PERSON
The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital Corp. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.
On behalf of the Board of Directors
” Harry Barr “
Harry Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
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