Tuesday 6th December 2016

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Posts tagged ‘Nemaska Lithium Inc (NMX)’

Cardiff Energy expands its James Bay lithium property

July 11th, 2016

by Greg Klein | July 11, 2016

Cardiff Energy TSXV:CRS reaffirmed its new focus on lithium by nearly doubling its Eastmain River property in Quebec’s James Bay region. The 1,109-hectare acquisition covers a 1.8-kilometre-long outcrop of white pegmatite that has yet to be mapped in detail or explored for lithium, the company announced July 11. It lies “at the periphery of the Kapiwak Pluton and adjacent to the Lower Eastmain Greenstone Belt, a geological setting which is reported to offer great potential for rare metal-bearing pegmatites.”

Cardiff Energy expands its James Bay lithium property

Cardiff stated that ASX-listed Galaxy Resources’ James Bay deposit and the Cyr-2 lithium showing “form an approximately four-kilometre-long corridor of spodumene-bearing pegmatite that is roughly parallel to the trend of the regional bedrock geology. The pegmatite outcrop of the eastern claim block is located approximately 4.5 kilometres southeast of the Cyr-2 lithium showing in a direction that is roughly on strike to the regional bedrock geology.”

The region’s more advanced projects include Critical Elements’ (TSX:CRE) Rose lithium-tantalum deposit and Nemaska Lithium’s (TSXV:NMX) Whabouchi project.

Cardiff’s property lies 2.5 kilometres from a highway, with accommodations and other amenities eight kilometres southwest and an airport 30 kilometres away. The company is currently planning a work program.

Read interviews with Chris Berry and Jon Hykawy discussing energy metals.