Nemaska's Whabouchi Lithium Project Continues To Produce Wide High-Grade Drill Results
24 März 2011 - 12:47PM
Marketwired Canada
Nemaska Exploration Inc. ("Nemaska" or the"Corporation") (TSX
VENTURE:NMX)(OTCBB:NMKEF)(FRANKFURT:NOT) is pleased to announce the initial
results from 12 holes of its current 48 holes (10,000 metre) drill program on
its 100% owned Whabouchi project. The Company has drilled 36 holes (7,600
metres) to date at Whabouchi and is expecting to complete the program by the end
of April 2011. These results confirm the impressive width of the main
mineralized zone as well as its grade and confirm the presence of parallel zones
to the South. Highlights include: 76.7 m at 1.73% Li2O, 77.3 m at 1.67% Li2O,
72.7 m at 1.61% Li2O, 42.5 m at 1.80% Li2O and 28.2 m at 2.18% Li2O.
"The high-grade and exceptional width of these results are as expected and are
part of an infill drill program that was recommended by independent consultants
in a preliminary economic assessment of our project earlier this year,"
commented Mr. Guy Bourassa, President and CEO. "The results support our current
NI 43-101 resource estimate prepared by Mr. Andre Laferriere, M.Sc., P. Geo. of
SGS Geostat in May 2010, and should result in an increase in the measured,
indicated and inferred categories. " He continued, "Unlike many lithium hard
rock deposits, Whabouchi is a large straight-forward ore body with a homogeneous
grade. So far, these key features have enabled us to fast track our exploration
to date and rapidly move the project towards feasibility and production. With a
strategic Chinese investor already involved we are also on track to market
spodumene concentrate to Asian markets."
The intersections from the first 12 holes are reported in the table below:
----------------------------------------------------------------------------
Core True
To length width
Section Hole From (m) (m) (m) (m) Li2O % Be ppm Rb ppm
----------------------------------------------------------------------------
6+75 E WHA-10-67 90.8 146.3 55.5 52.0 1.55 163 1310
----------------------------------------------------------------------------
6+75 E WHA-10-68 176.9 184.8 7.9 7.2 1.58 124 2236
----------------------------------------------------------------------------
6+75 E 192.2 200.9 8.7 7.9 1.45 112 619
----------------------------------------------------------------------------
6+75 E 209.7 230.1 20.4 18.6 1.65 139 1134
----------------------------------------------------------------------------
6+50 E WHA-10-69 169.4 232.7 63.3 52.7 1.21 112 385
----------------------------------------------------------------------------
6+25 E WHA-10-70 110.9 180.0 69.1 58.8 1.16 92 629
----------------------------------------------------------------------------
6+00 E WHA-10-71 136.5 142.3 5.8 4.0 1.48 166 1010
----------------------------------------------------------------------------
6+00 E 157.0 234.0 77.0 53.0 1.36 122 1333
----------------------------------------------------------------------------
5+75 E WHA-10-73 87.9 91.7 3.8 2.8 1.63 115 890
----------------------------------------------------------------------------
5+75 E 104.3 120.4 16.1 11.9 1.70 164 1298
----------------------------------------------------------------------------
5+75 E 136.5 174.6 38.1 28.2 2.18 163 954
----------------------------------------------------------------------------
5+75 E WHA-10-74 173 176.0 3.0 2.7 1.20 158 1133
----------------------------------------------------------------------------
5+75 E 186.7 266.0 79.3 72.7 1.61 148 1108
----------------------------------------------------------------------------
5+50 E WHA-10-75 103.4 107.0 3.6 3.2 1.83 157 1106
----------------------------------------------------------------------------
5+50 E 113.7 202.0 88.3 77.3 1.67 133 971
----------------------------------------------------------------------------
5+00 E WHA-10-76 79.0 85.4 6.4 5.5 1.60 124 2071
----------------------------------------------------------------------------
5+00 E 103.9 107.0 3.1 2.7 1.62 112 1384
----------------------------------------------------------------------------
5+00 E 112.7 202.0 89.3 76.7 1.73 135 1096
----------------------------------------------------------------------------
3+75 E WHA-10-77 8.0 10.0 2 1.8 1.62 144 1163
----------------------------------------------------------------------------
3+75 E 24.5 30.5 6 5.3 1.36 134 1123
----------------------------------------------------------------------------
3+75 E 65.5 75.0 9.5 8.4 1.56 148 1102
----------------------------------------------------------------------------
3+75 E 118.0 162.9 44.9 39.7 1.87 138 1312
----------------------------------------------------------------------------
3+75 E 169.8 176.0 6.2 5.5 2.31 145 608
----------------------------------------------------------------------------
3+25 E WHA-10-78 16.2 29.0 12.8 10.6 1.85 128 1276
----------------------------------------------------------------------------
3+25 E 65.5 74.6 9.1 7.5 1.65 109 1331
----------------------------------------------------------------------------
3+25 E 126.0 177.3 51.3 42.5 1.80 131 1173
----------------------------------------------------------------------------
4+25 E WHA-10-79 28.2 31.4 3.2 2.6 1.68 198 683
----------------------------------------------------------------------------
4+25 E 109.6 162.0 52.4 41.9 1.55 134 1805
----------------------------------------------------------------------------
The Company has reported the intersection lengths as well as the best estimates
of the true widths given the current understanding of the geology. The drill
holes are aiming at an average azimuth of 330 degrees and a dip of 50 degrees.
The pegmatite bands have generally an azimuth of 060 degrees and a South-East
dip of 70 degrees to 80 degrees.
All samples have been shipped to the Table Jamesienne de Concertation Miniere
("TJCM") in Chibougamau, Quebec, for preparation process: inventory, drying,
weigh, crushing, split and pulverization. The pulverized portions were then sent
by secured courier to either the laboratory of SGS Mineral Services in Don
Mills, Ontario ("SGS"), or to the ALS Chemex facilities in North Vancouver,
British-Colombia ("ALS"), for lithium, beryllium and rubidium analysis by
Inductively Coupled Plasma methods. These laboratories are recognized by the
industry and accredited ISO/MEC 17025 by the Standards Council of Canada. In
addition to the quality assurance and quality control ("QA/QC") employed by SGS
and ALS, Nemaska Exploration develops a rigorous QA/QC protocol to its
operations, including the insertion of analytical standard samples, duplicates
and coarse silica blanks on a systematic basis. To determine the QC warning,
+/-2x Std.Dev., and QC failure +/-3x Std.Dev. were used. QC results did not
highlight any significant analytical bias.
The technical sections of this press release have been prepared by Yvan
Bussieres, P. Eng and reviewed by Yves Caron, M.Sc., P. Geo., qualified persons
as defined in National instrument 43-101.
About Nemaska
Nemaska Exploration Inc. is a mineral exploration company involved in the James
Bay region of Quebec. Its main assets are the Whabouchi (about 1,716 hectares),
Lac Levac (about 9,200 hectares), Lac Arques (about 39,470 hectares), and Lac
des Montagnes (about 12,740 hectares) properties, all 100 % owned. These
properties are contiguous and cover about 85 km of the Lac des Montagnes green
belt polymetallic formation. They are easily accessible year round by either the
Route du Nord from Chibougamau (280 km) or the Route de la Baie James from
Matagami (380 km) and are located near the Cree community of Nemaska and the
Nemiscau airport.
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and so involve
inherent risks and uncertainties. Actual results could differ from those
currently projected. The Corporation does not assume the obligation to update
any forward-looking statement.
