Century Lithium Corp. V.LCE

Alternate Symbol(s): CYDVF

Metals & Mining Industrial Metals & Minerals

Century Lithium is an advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. The company’s world-class resource of lithium-bearing claystone is processed at its lithium extraction facility in Amargosa Valley, Nevada. Century Lithium is working towards completion of a Feasibility Study and subsequent permitting with the goal to become a domestic producer of high-purity lithium carbonate.

TSXV:LCE - Post by User

Century Lithium Corp.

Bullboard Posts

Post by GarryJan1on Feb 10, 2018 2:01pm

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Post# 27539088

We should have the 43-101 report soon.

The resource estimate on the Dean should attract attention. If the estimate is even close to or exceeding a million tons of Li you can bet it will be announced after a trading halt, so don't be out of shares when/if that happens.

Welcome aboard Ally. As you said "buy on dips" I also grabbed a few more yesterday at 17 cents Canadian however my average cost is still around 11 cents.

From the last news release.

In related activity, the Company has engaged Global Resource Engineers, of Denver, Colorado, to prepare a resource estimate for the Dean property. A NI 43-101 Technical Report on the geology and drilling of Dean has been completed and will be filed on SEDAR.

Global Resource Engineers

Geology and Resource Estimation

Our geological team is well versed in exploration, geologic modeling, and resource estimation. Our Qualified Persons team includes Certified Professional Geologists (CPG), Professional Engineers (PE), and Mining and Metallurgical Society of America (MMSA) members. We work hand in hand with your project geologist who has intimate knowledge of the deposit to ensure that we don’t miss any details. We use state of the art software packages including LeapFrog, Vulcan, Datamine, Techbase, Mircomodel, and Carlson Software.

A typical project starts by taking your original dataset and completing a quality control check to verify the data integrity and catalogue the available data which typically includes lithology, mineralization, alteration, and assay information. We then model the deposits structure and lithology to define the structural and lithological controls. These controls are used to accurately delimit the mineralized domains which are verified through statistical multivariate analysis. Once the mineralized domains are defined, we complete variography on the data within each domain to determine the principal direction of continuity and appropriate estimation parameters. Each mineralized domain is then estimated separately using the most accurate estimation method for each zone. Finally, the resource model is verified through a combination of visual checks, swath plots, back tagging the core with the wireframes, cross validation, and other estimation methods. The final resource is then categorized into inferred, indicated, and measured resources using a combination of data quality, geologic continuity, cutoff grade, number of samples, number of drill holes, and distances from the samples.

For more advanced projects, we take the extra step to determine the mining boundaries and mining block size to provide you with a diluted resource that is ready for incorporation into an economic model. We also model other key parameters for deposits including acid rock drainage (ARD) potential and geometallurgical ore types. Complex deposits with many geometallurgical ore types can be accurately modeled using multivariate adaptive regression splines and validation testing.

Geology and Resource Estimation services include: