Chubb and Bouvier Lithium Prospects
Chubb and Bouvier lithium properties located in the Preissac- Lacorne plutonic complex of the Abitibi greenstone belt near Val d’Or, Que.
The Chubb Property
The Chubb lithium property is situated within the Preissac-Lacorne plutonic complex of the Abitibi greenstone belt — the complex forming one of the best prospective areas for lithium mineralization. The plutonic complex generated the Quebec lithium mine for which Canada Lithium reported measured and indicated resources of 29.3 million tonnes grading 1.19 per cent lithium oxide (Li2O) and 20.9 million tonnes of inferred resources grading 1.15 per cent Li2O, respectively, according to a technical report by Canada Lithium filed on SEDAR on June 8, 2011.
The Bouvier property
The Bouvier property is located within the Preissac-Lacorne plutonic complex of the Abitibi greenstone belt, in the Saint-Mathieu municipality of Figuery township. The geological setting and structure of the volcano-sedimentary assemblages form an ideal host for lithium-rich pegmatites being located between the Northern Manneville deformation zone and the northern edge of the fertile Lacorne monzogranite pluton.
The Valentine Mountain Property (“the Property”) hosts the Valentine Mountain gold quartz vein developed prospect (British Columbia MINFILE 092B108) for which a cut (uncut) indicated mineral resource estimate of 54,763 tonnes @ 9.3 (16.4) grams of gold per tonne in 2 veins, and a cut (uncut) inferred mineral resource estimate of 20,700 tonnes @ 22.6 (22.6) grams of gold per tonne in 2 other veins, were completed by the author in 2011. This estimate meets the standards and guidelines of National Instrument 43-101 and the Canadian Institute of Mining’s Standard Definitions, and replaces all prior mineral resource estimates completed for the Property. The Valentine Mountain Property also hosts the BPEX (Braiteach Zone) gold quartz vein showing (British Columbia MINFILE 092B 075), located 4 kilometres west of the Discovery Zone, plus several other gold exploration targets and industrial mineral occurrences.
The tenures which constitute the Valentine Mountain Property have been assembled and owned 100% by Great Thunder Gold, inc., to cover portions of the former property of the same name previously owned by Beau Pre Explorations Ltd. (“Beau Pre”). The Property consists of 25 cell mineral claims covering 7,188 hectares; and 2 overlying cell placer tenure covering 43 hectares.
The Property surrounds Valentine Mountain (elevation 974 metres), is located 20 kilometres northwest of Sooke, B.C. on southern Vancouver Island, and is accessible by forestry roads secured by locked gates managed by Timberwest Inc. The Property area is underlain entirely by high grade metamorphic rocks of the Pacific Rim Terrane, which hosts several minor past producers of gold, silver and copper, including the historic Leech River gold placer gold district (British Columbia MINFILE 092B078), located just to the east of the Property.
The property warrants phased exploration work aimed at discovering and delineating gold quartz vein mineralization through systematic yet strategically targeted geochemistry, drilling and bulk sampling programs. The exploration target model for the Valentine Mountain Property is the gold quartz vein type, similar to the recently reopened Bralorne Gold Mine in south-central B.C., which is owned by a different company, Bralorne Gold Mines Ltd.
This report recommends future work programs totalling $4 million in two phases.
GOLD ASSAYS FOR VALENTINE MOUNTAIN (July 8, 2016 Press Release)
The Nemaska Lake Property
The Nemaska Lake property is made up of four map-designated cells covering 213 hectares. Geological mapping by Nemaska Lithium geologists on behalf of Tucana Lithium in 2011 revealed the presence of many pegmatite outcrops, with only five of them sampled. This pegmatite discovery was reported in the National Instrument 43-101 Abigail property report written for Tucana Lithium by Mr. Theberge. The property is easily accessible, being located only 2.5 kilometres north of Route du Nord, the main road which joins the village of Nemaska to Chibougamau. The property also borders Nemaska Lithium’s Whabouchi property and Durango Resources’ NMX East property.