Poncheville Lithium Prospects

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SUMMARY

MINERAL TARGETSLithium Pegmatite
LOCATIONThe Chabinoche Project is located in the James Bay Lithium District situated with road access approximately 60 kilometers north of Matagami in northern Quebec, Canada.
PROPERTY SIZEApproximately 40,000 hectares
OWNERSHIP100%

The Project is comprised 711 claims (approximately 40,000 hectares) with two main targets: the Chabinoche Target; 266 claims that span around 14,630 hectares, and the Poncheville Target; 445 claims that cover around 25,000 hectares. The two blocks were staked to cover some of the highest lithium lake sediment anomalies in central Quebec with most values exceeding the 97%  percentile (28.5 ppm Li) and 40% exceeding the 99% + range (37.3 ppm + Li) and 27% above 99.5% (42.6 ppm). The Lake sediments are also extremely anomalous in other LCT known indicator elements such as , Cs (95-99 % range, 2.2 to 4.5 ppm) and Rb again in the 95 – 99% range (40-80 ppm). From a structure point of view both claim blocks straddle a large regional NW -SE trending shear zone, known locally as the Nottaway shear zone and the claims have many locally cross cutting structures that can be seen on the regional magnetic tilt derivative map. The Project straddles Poncheville lake that has over 100 pegmatite dyke mapped along its shore by the Quebec geological survey.