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Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.


GREY:NMKEF - Post by User

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Post by cdogou812on Mar 02, 2017 2:07pm
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Post# 25921248

GOOD READ

GOOD READ
Nice Company Summary reading while waiting for news Durango Resources is a Canadian development company with several prospective mineral properties in Canadian provinces. The main focus of the company is the NMX East Lithium Project adjacent to parts of Nemaskas world-class Whabouchi Project. In addition, the company has limestone, graphite, gold and silver licences which could take the Durango shares to the next level in case of a big discovery. NMX East Lithium Project Durango Resources current flagship project is the NMX East Lithium Project in the Canadian province of Qubec. The project consists of four licence areas. Two of the areas (the West Block and East Block) directly border Nemaska Lithiums Whabouchi Project. The last resource estimate for Whabouchi in 2014 indicates open Durango Resources Women power is shaking up the resource sector! Marcy Kiesman, President The NMX East Lithium Projekt consists of four licence areas. Two of the areas (the West Block and East Block) directly border Nemaska Lithiums Whabouchi Project. 39 www.durangoresourcesinc.com well laterally and in strike. Furthermore, most LCT pegmatites exhibit concentric zonation. Moderate grades of lithium, cesium and tantalum as well as higher concentrations of rubidium at the surface indicate a spodumene mineralization at depth. Durango Resources could have up to three spodumene mineralizations on its projects or an extension of the Whabouchi deposit. The next logical step is trenching in the corresponding areas to obtain additional test material. If the previous results can be confirmed a drill program will follow. Limestone projects for the construction of a multi-billion dollar LNG plant in British Columbia In August 2015 Durango Resources staked several claims covering in total 300 hectares near Terrace, British Columbia, and named it Mayners Fortune Limestone Project. This area consists of a two kilometer thick rock sequence hosting several limestone units of variable thickness. The thickest unit, Unit 5, has a high purity and a thickness of up to 200 m. At the same time the company acquired a past producing limestone project in the same region called Smith Island. This project is not far from Prince Rupert in northwestern British Columbia. Smith Island was named after the island where the project is situated. At a distance of 6 km on Lelu Island the oil and gas giant Petronas plans the construction of a LNG plant. LNG stands for Liquefied Natural Gas. LNG has only a six-hundredth of the volume of gaseous natural gas. This is the reason why the liquefaction of natural gas at around -161 to -1640C is well suited for the transport by ship. Petronas as leader of the so called Pacific Northwest LNG Consortium plans the construction of this plant for estimated 36 billion dollar on Lelu Island. For the construction of the southwestern border of Nemaskas Whabouchi Project. Of special interest: at the beginning of September Nemaska reported positive drill results from an area with lithium rich near surface pegmatite veins southwest of the current Whabouchi resource. Positive assay results! In 2011 the company already defined pegmatite occurrences with an initial exploration program and identified the first drill targets. But at that time the company did not perform any follow up activities. During the 2016 summer campaign Durango Resources collected in total 200 surface samples on the four blocks and sent 87 (8 reference samples) to ALS Minerals, Val-dOr (Qubec). In the middle of September 2016 the company received the results and 25 of the grab samples returned lithium grades from 50 to 332 parts per million (ppm) and 0.32 % Li, with cesium up to 80.9 ppm, tantalum up to 77,1 ppm and rubidium up to 2,140 ppm. This is typical for LCT (lithium- cesium-tantalum) pegmatites. Out of a total of 79 surface samples sent to ALS Minerals, Val-dOr (Qubec), 47 samples were taken from pegmatite outcrops. Out of this group of samples: 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2,140 ppm Rb; and 11 samples returned over 27 ppm Ta, up to 77.1 ppm Ta. This was proof of three independent pegmatite intrusions; one in the East Block and two in the South Block. The intrusion in the East Block is only 3,000 m from Nemaskas Whabouchi occurrence whose extensions reach to depths of at least 500 m. This suggests that Durangos pegmatite outcrops are only a small portion of much larger intrusions too, like the tip of an iceberg. They could extend in depth as 40 www.durangoresourcesinc.com export terminal, estimated costs of 11.4 billion dollar, the consortium has received the construction permit from the federal Liberal cabinet in September 2016. The construction of the plant will use huge amounts of rock resources whereby Durango Resources owns the nearest (6 km) and past producing limestone project! Durango Resources plans to carry out an exploration campaign quickly to qualify as supplier and generating the first significant cash flow for the company. Dianna Lake Silver Project The Dianna Lake silver project consists of 131 hectares located 17 km northwest of Uranium City in the Canadian province of Saskatchewan. Historic exploration activities discovered in grab samples unbelievable silver grades of up to 2,458.4 ounces of silver per tonne. This is equivalent to more than 76 kg of silver per tonne of rock. Besides this absolute peak value the samples returned 684.4, 647.4, 600.2, 464.2, and 454.8 ounces of silver per tonne! All theses samples were collected in one pit. In a second pit the previous exploration teams found amongst others 298.0 and 197.0 ounces of silver per tonne of rock. A historic non-compliant NI 43-101 resource estimate describes an initial resource of 5 million tonnes averaging 0.4 ounces of silver and 0.4 % copper. In September 2016 Durango Resources reported the result of a channel sample with 19.5 grams of silver over 3.2 m and the result of a grab sample with 2.06 % copper. The copper sample was taken in an area not tested to date. Durango Resources is working on a resource model based on historic results and their exploration results. Trove Gold Zinc Project Another very prospective project is the Trove Gold Zinc Project in the so called Urban Barry Greenstone Belt. Trove hosts 6 different rock types trending northeast southwest. Traces of visible gold and zinc occur at the surface already which indicates a bigger fault. Durango Resources wants to first excavate trenches to identify possible drill areas. The particular on Trove is the short distance to the VMS deposits Barry (Metanor) and Windfall Lake. Windfall Lake is now in possession of Osisko Mining and is being aggressively explored. Other project licences of Osisko encompass the Trove Project almost completely. Osisko explores Windfall Lake as aggressively it tries to control the whole 75 x 20 km wide district. Its merely a matter of time until Durango Resources will receive a corresponding offer. Summary: Durango could have hit the mark! This is an interesting constellation for Durango Resources being in the immediate vicinity to Nemaskas world-class Another very prospective project is the Trove Gold Zinc Project in the so called Urban Barry Greenstone Belt. Factsheet www.durangoresourcesinc.com ISIN: CA2664951001 WKN: A1KCZY FRA: 86A1 TSXV: DGO Shares outstanding: 29.1 million Options: - Warrants: 2.6 million Fully diluted: 31.7 million Contact: Durango Resources Inc. 248-515 West Pender Street Vancouver, BC, V6B 6H5 phone: +1 604-428-2900 fax: +1 888-266-3983 durangoresourcesinc@gmail.com www.durangoresourcesinc.com President Marcy Kiesman Whabouchi Lithium Project. During the drill program Nemaska discovered extensions of its deposit in the southwestern part of the licence area. Across the licence border Durangos geological team identified potential lithium outcrops on Durango Resources territory. What if the Whabouchi deposit extends on to Durango Resources licence area or Durango Resources has hit the mark? Dianna Lake is kind of a grab bag. Only in a few months will we know to what extent the historic monster results can be confirmed. If this is the case a new assessment will be due. For Trove the question is if and when Osisko Mining will make an offer for Durangos project. Osisko wants to control the complete district and has enclosed Durangos claim almost completely. Durango has already hit the mark with the acquisition of the two limestone projects in British Columbia which could guarantee a quick cash flow. The consortium under Petronas has already received the permit for the first construction phase. The construction should be completed by 2021. Until then Durango Resources could earn a lot of money! All in all Durango Resources is an extraordinary mining company. Durango has not only several top chances for a big discovery in its portfolio but also the company is managed completely by a strong female team that has the ambition to shake up the resource sector! Read more at https://www.stockhouse.com/companies/bullboard#p1M2zhGjYyUBBzyu.99
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