Wednesday, December 13, 2017

The Tanco deposit in the Bernic Lake area of Manitoba, Canada, is a source of lithium, tantalum and cesium; lithium resourc-es in the area have been estimated at 22.3Mt with an average of 0.64% Li. Other important lithium pegmatites are found in Quebec. The Pressiac-Lamotte pegmatite is enriched in beryllium and lithium, the largest of which is the Quebec Lithium deposit with reserves of 17.1Mt averaging 0.44% Li; the project has been developed by Canada Lithium Corp. (TSX:CLQ) and is currently in commissioning. In James Bay in Northern Quebec, Nemaska Lithium (TSXV:NMX) is developing the Whabouchi deposit with an estimated resource of 29.5Mt averaging 0.71% Li. Critical Elements (TSXV:CRE) is developing the Rose lithium-tantalum project located in the southern part of the Middle and Lower Eastmain Greenstone Belt; project resources have been estimated at 26.5Mt with a 0.44% Li grade, excluding inferred resources. Galaxy Resources Ltd.’s (ASX:GXY) James Bay deposit has an estimated 22.2Mt of resources at 0.59% Li. Glen Eagle Resources (TSXV:GER) owns the Authier pegmatite deposit with 8.0Mt of resources at 0.46% Li. Perilya Ltd.’s (ASX:PEM) Moblan West deposit is estimated to have 14.25Mt at 0.65% Li. Elsewhere in Canada, the FI, Thor, Violet, Nama Creek and Lac la Croix deposits have an estimated combined in-situ resources of ~0.6Mt Li. In Ontario, Houston Lake Mining (TSXV:HLM) is exploring the Pakeagama Lake pegmatite, which was found to contain highly anomalous lithium, tantalum and cesium concentrations. Avalon Rare Metals (TSX:AVL) is developing the Separation Rapids deposit (near Kenora), which hosts a large rare metal pegmatite deposit; reserves have been estimated at 7.8Mt grading 0.65% Li. Lithium is also found in some oilfield brines, including the Beaverhill Lake Formation (Leduc Aquifer) in Alberta.
 
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