Lithium and Rare Metals Project – Brazil Lake
One of the company’s focuses is the 8,520 acre Brazil Lake property, located approximately 30 kilometres north of Yarmouth, Nova Scotia. Drilling to date has successfully revealed two Lithium bearing pegmatite dikes. In addition to Lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar. Exploration over the summer has identified several other pegmatite dikes. These dikes will be drilled in Q2 2012
Details
Champlain has released assay results from 15 drill holes for several rare metals associated with its lithium discovery including rubidium, beryllium and tantalum.
Hole #02-15 in the lithium pegmatites returned values up to 1398 parts per million (“ppm”) Rb over 15.3 meters including 2625 parts per million Rb over 4.2 meters. Hole #93-4 returned values up to 803 ppm Rb over 41.8 meters including 1,456 ppm Rb over 5.2 meters. Hole #93-2 returned values up to 928 ppm Rb over 24 meters including 1,376 ppm Rb over 7.9 meters.
Hole #02-24 in the lithium pegmatites returned values up to 200 parts per million beryllium (“Be”) over 35.8 meters including 304 parts per million Be over 14.9 meters. Hole #93-2 returned values up to 179 ppm Be over 24.0 meters including 388 ppm Be over 7.9 meters. Hole #02-15 returned values up to 157 ppm Be over 15.3 meters including 994 ppm Be over 2.1 meters.
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Hole #93-2 in the lithium pegmatites returned values up to 102 parts per million tantalum (“Ta”) over 24 meters including 541 parts per million Ta over 1.0 meter. Hole #93-5 returned values up to 96 ppm Ta over 32.9 meters including 160 ppm Ta over 7.3 meters. Hole #02-04 returned values up to 63 ppm Ta over 35.8 meters including 82 ppm Ta over 14.9 meters.
Drill results to date have identified two lithium and rare metal bearing pegmatite dikes that appear at surface and are up to 20 meters wide and having exposed lengths up to 300 meters long. The deepest drill hole intersected the dikes at 50 meters depth. Both pegmatites remain open at depth and future drilling will attempt to extend the depth of the dikes to 100 or 150 meters and to determine if metal grades increase with depth. Three other potential pegmatites have been indicated through geochemical surveys.
Further geochem surveys, exploration and subsequent drilling are planned to define other pegmatite dikes on the property indicated by pegmatite float fields.
