SAN DIEGO, CA, Jan. 25, 2018 (GLOBE NEWSWIRE) -- SourcingLink.net Inc. (OTC Pink: SNET) is pleased to announce the completion of Phase I surface exploration on the Lac Fire Lithium property in James Bay, Quebec.
Lac Fire Lithium property is adjacent to and shares a claim boundary with a $5.49 billion (in situ) 43-101 compliant resource owned by Critical Elements. The Rose deposit consists of 26M tonnes of indicated resources containing 1.30% Li2O Equivalent (Eq) and 10.7M tonnes of inferred resources containing 1.14% Li2O Equivalent (Eq).
Past Work
In 2011 the previous owner of the Lac Fire property took 19 grab samples from the Lamothe lithium showing that averaged 1.06% Li2O and completed a total of 20 holes totaling 3,051m. More than 300 spodumene (lithium Mineral) bearing pegmatite dykes were intersected in the 20 drill holes ranging from 10 cm to 3 meters. The mineralized zone has been traced for 300 meters along strike with a 50 meter width and drilled to a depth of 50 meters. It is open in all directions. Significant drill intersections included:
-1.22% Li2O and 134.8 ppm Ta2O5 over 3.11 meters -1.19% Li2O and 97.2 ppm Ta2O5 over 2.03 meters
The Lamothe lithium zone appears to be the northeast extension of a number of parallel lithium zones that extend from the Rose lithium deposit northeast to the Lac Fire claim group.
Present Work
A total of 12 grab samples were taken on the Lac Fire Property in June. Seven (7) samples were taken on the previously known Lamothe Zone trend over a strike length of about 135 meters. The arithmetic average of the 7 samples was found to be 1.56% Li2O and 132 ppm Ta2O5. The zone is open on both ends and is overburden covered. Anomalous zones were determined with the aid of a hand-held XRF analyzer.
The 2011 drill camp was located as well as all the stored drill core that was drilled at that time. The drill core was found to be in excellent shape
Phase II Work Will Consist of
1) Systematic sampling of the LaMothe Zone.
2) Overburden stripping at both ends of the zone to extend the zone
3) Prospecting along strike to locate additional mineralized zones.
“Phase I exploration on the Lac Fire Property has confirmed the previous reported work on the property and found higher grade lithium and tantalum values in the Lamothe Zone with the aid of a hand-held XRF instrument. Prospecting discovered a new mineralized showing ( 2.14% Li2O) on strike with the Lamothe Zone,” said Wayne Holmstead P.Geo.
About SourcingLink.net, Inc.
SourcingLink.net is a U.S. based publicly traded exploration and development company. Their focus is on “green energy” related metals and rare earth elements which are among the primary raw materials for the 21st Century technology.
Forward-looking Statements
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