About the Nemaska2 Lithium Property
Nemaska2 consists of 57 map-designated mining titles covering a total area of 3042.80 hectares and is located adjacent to
Nemaska2 hosts at least 20 white pegmatite outcrops, each approximately 1000 square metres in size. The
Management Commentary
We are delighted to have closed the Nemaska2 transaction and have turned our attention to securing the best teams, equipment and technology available to quickly and effectively assess the lithium potential within the Property', remarked
Advantaged Location and Access
Nemaska2 hosts easily accessible on-site infrastructure including a powerline, aerodrome, railway and an accommodations camp. The Property is bisected by the region's primary east-west road and is 5km by road from additional accommodations, fuel and supplies.
Geology / History
The Property and surrounding area have been the focus of sporadic exploration work since 1963. The first work, which was undertaken by the Government of
The Property is located in the
Based solely on its geological environment, the Property has the potential to host a number of deposit types. However, based on the known discoveries, two types of mineralization are possible on the Property: Type 4 (Magma-related mineralization) and Type 6 (Rare-Element LCT-type Pegmatite) with the major Whabouchi lithium deposit in the area.
The airborne magnetometric survey completed in the past by the
The Property is at an early stage of exploration with regional reconnaissance mapping and sediment sampling programs having been completed in the past. In spite of limited historical exploration at Nemaska2 it is a important prospect due to: the presence of white pegmatites mapped in regional reconnaissance the presence of anomalous values of Li and Cs obtained by the Ministry in regional till sampling and the existence of a major lithium deposit (Whabouchi) in the area Why Quebec.
Marketing/Investor Relations
Brigadier has entered into a contract with
Contact:
Tel: (604) 4248131
Forward-Looking Information Cautionary Statement
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to: the Company further exploring Nemaska2; securing the best teams, equipment and technology available; quickly and effectively assessing lithium potential within Nemaska2; conducting exploration programs and publishing results in an efficient and timely manner; the lack of need for use of helicopters in reconnaissance, mapping, sampling or drilling; Nemaska2 having the potential to host a number of deposit types and other risks and uncertainties relating to the actual results of current exploration activities; the possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); environmental and regulatory requirements; availability of permits, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of th e date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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