Mar 23,2010 10:02 ET
Nemaska Reports 87.5 M At 1.39% Li2O, 151 ppm Berrylium(Be) and 1244 Ppm Rubidium (Rb) From its Drilling Underway on itsLithium/Beryllium Project (Whabouchi)
QUEBEC CITY,QUEBEC--(Marketwire - March 23, 2010) - Nemaska Exploration Inc.(Nemaska or the Corporation) (TSX VENTURE:NMX) is pleased to announcethat it has completed over 9,000 m of drilling (45 holes) that covers1,150 m of strike on its Lithium/Beryllium (Whabouchi project) sinceJanuary 15, 2010. An updated map showing the location of the works andrecent pictures taken on the project will be posted shortly on theCorporation's web site
www.nemaskaexploration.com.
The spodumene bearing pegmatite zoneof the Whabouchi property is now confirmed over more than 1,150 m alongstrike with a width of up to 90 m for the main zone, and a dip of 70 to800 South-East. Each section has between 2 and 4 drill holes and thecontinuity of the mineralization has been established to a depth of 230m. Four (4) other parallels spodumene bearing pegmatite dykes withwidths of up to 27m were also intersected. All zones remain open in alldirections.
"The work is progressing at an excellent pace and we arevery encouraged by the continuity, average width and dip of the mainzone. We continue to see very good lithium grades over significantwidths and drilling has confirmed the presence of at least 4 additionalparallel zones as well as interesting beryllium and rubidium values,"commented Mr. Guy Bourassa, President and CEO. "The results from theother drill holes are pending and will be published as soon as they areavailable."
The first results from 9 holes completed in January andFebruary 2010 are reported in the table below.
Hole Number
WHA-10-08WHA-10-09
WHA-10-10 WHA-10-11
WHA-10-12
WHA-10-13
WHA-10-14WHA-10-15
WHA-10-16 WHA-10-17 WHA-10-18
WHA-10-19
Section
9+00E
9+00 E 7+00 E
7+00 E
7+00 E
6+00 E 4+50 E
2+50 E 2+50 E
From(m)
6,6 82,3 14,54 119 151,8 27,76 64,45 86,25 3,8 22,4 1,5 62,5 111
38,773,4 89 181,6 244
To (m)
12 93,8 39 134,5 156,54 55 69 98 14,634,3 19 69,5 198,5
42,9
97,5 112,8 207 248,1
Core Length (m)
Resultspending 5,4
11,5 24,46 15,5 4,74 27,24 4,55 11,75 10,8 11,9 17,5 787,5
Results pending Results pending
4,2 24,1 23,8 25,4 4,1
CoreLength (m)
6,93 2,88 2,84
100,92 33,96 16,92 12,13 65,34
3,2913,75 20,76
4,42 57,56
True Widths (m)
4,46 11,10 23,60 13,46
4,1123,65 3,95 10,20 9,38 10,33 14,04 6,12 76,50
3,37 17,80 19,10 22,80
3,29
TrueWidths (m)
5,55 2,31 2,27
80,80 24,40 15,80
9,70 49,80 2,5410,60 16,00 3,69 48,00
Li2O% Be ppm 1,38 142
1,77 1441,70 123 1,19 86 1,24 110 1,45 169 2,70 135 1,78 1360,74 157 0,36 68 1,60 151 1,70 123 1,39 151
1,80125 1,81 154 1,65 139 1,62 139 1,42 161
Li2O% Be ppm
1,51128 1,46 174 1,33 163 1,45 147 1,68 167 1,44 137 1,02131 1,75 180 1,55 261 1,52 134 1,64 153 1,76 152 1,40113
Rb ppm
839 1206 921 878 1103 1303 762 1149 1355 590 11791980 1244
637 1466 1455 1363 1274
Rb ppm
N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Previously announceddrill holes completed in October 2009 are below.
Hole Number
WHA-09-01AWHA-09-02 WHA-09-03
WHA-09-04 WHA-09-05 WHA-09-06
WHA-09-07
Section
13+50E 13+25 E 4+50 E
4+50 E 3+50 E 6+00 E
6+00 E
From (m)
48,3719,5 3,93 17,32 14,24 59,14 40,92 103,76 19,67 33,77 60,6 91,48 105,94
To(m)
55,3 22,38 6,77 118,24 48,2 76,06 53,05 169,1 22,96 47,52 81,3695,9 163,5
The Company has reported the intersections lengths as wellas the best estimates of the true widths given the currentunderstanding of the geology. The drill holes were done at an averageazimuth of 330 degrees and a dip of 50 degrees. The pegmatite bands havegenerally an azimuth of 060 degrees and a South-East dip of 70 degreesto 80 degrees.
The samples have been shipped for preparation(crushing and pulverization) to the Table Jame´sienne de ConcertationMinie`re (TJCM) lab in Chibougamau. The prepared samples are then sentby courier to the Toronto laboratory of SGS Mineral Services, Ontario,for lithium, beryllium and rubidium analysis by sodium peroxide fusionmethod. This laboratory is recognized by industry and accredited ISO/MEC17025: 2005 by the Canadian Council of standards. Nemaska Explorationimplements a rigorous quality control protocol to its operations,including the insertion of analytical control samples, duplicates andblanks and follow-up on the results of these assays.
The technicalsections of this press release have been prepared and reviewed by ClaudeBritt, P. Geo. and qualified person as defined in National instrument43-101.
About Nemaska Exploration
Nemaska Exploration Inc. is amineral exploration company involved in the James Bay region of Quebec.Its main assets are the Lac Arques (about 30,000 hectares), Whabouchi(about 1,600 hectares) Lac Levac and Lac des Montagnes properties (about32,000 hectares) all 100 % owned. These properties are contiguous andcover about 70 km of the Lac des Montagnes green belt polymetallicformation. They are easily accessible year round by either the Route duNord from Chibougamau (280 km) or the Route de la Baie James fromMatagami (380 km) and are located near the Cree community of Nemaska andthe Ne´miscau airport.
The statements herein that are not historicalfacts are forward-looking statements. These statements address futureevents and conditions and so involve inherent risks and uncertainties,as disclosed under the heading "Risk Factors" in the Company's periodicfilings with Canadian securities regulators. Actual results could differfrom those currently projected. The Company does not assume theobligation to update any forward-looking statement.
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
For moreinformation, please contact
Nemaska Exploration Inc. Guy BourassaPresident 418-794-6038 bourassag@nemaskaexploration.com or
Linx Inc.Wanda Cutler 416-603-4646 or Mi3 Communications Financieres Inc. LucSt-Pierre ou Nathalie Dion 514-904-133