Equitorial Continues to Encounter Pegmatites at its Cat Lake Lithium Property, Manitoba
Momentum Public Relations
Press Release: March 28 2018
Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that drill hole CT-18-04 encountered approximately 20 meters of the same pegmatite found 50 meters to the east at the original pegmatite discovery (CT-18-02) at its 100%-owned Cat Lake Lithium Property in SE Manitoba directly, adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp. CT-18-04 confirms the lateral extension of the pegmatite discovery.
Drill Program Update
As reported (news release March 21 st , 2018 ), the drill program encountered approximately 36 meters (true width not determined at this time) of a spodumene bearing pegmatite in DDH CT-18-02 at its 100%-owned Cat Lake Lithium Property directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
The new pegmatite discovery (DDH CT-18-02) was encountered approximately 126 meters downhole or 90 meters below the surface. Drill hole CT-18-04 encountered approximately 20 meters of the same pegmatite 50 meters to the east of the original pegm atite discovery hole. This pegmatite was encountered approximately 105 meters downhole or 72 meters below the surface. CT-18-04 confirms the lateral extension of the pegmatite discovery.
The discovery drill hole was collared approximately 200 meters southeast of the last surface exposure of the Irgon Pegmatite. All drill holes of the pegmatite exploration program encountered varying degrees of pegmatites at different depths. The pegmatites encountered in the program were buried and had no known surface expression. The company is presently in the process of sampling the pegmatite intervals and will announce assay results once they are received and reviewed.
The last drill hole of the Lithium Pegmatite exploration portion of the drill program has begun. The drilling has been focused on understanding the orientation and extent of the new pegmatite discovery. Additional meterage has been added to the program. The final portion of the drilling will test the skarn and old mine shaft located on the east side of the project area.
The drill program is headed up by Carey Galeschuk. P. Geo, a consulting geologist with extensive experience in lithium bearing pegmatites. He also serves as Qualified Person for the purpose of National Instrument 43-101.
Cat Lake Lithium Property Highlights
- – Property situated directly east and along strike of Quantum Minerals’ Cat Lake Mineral Project (previously Irgon Lithium Mine) . During 1956-1957, t he Irgon Mine was an underground mining operation for spodumene (one of the hard rock sources for Li). The pegmatite had an historic estimate of 1.25 million tons of ore grading 1.51% Li20 (Mineral Inventory File No. 221).
– Equitorial claim block 150 m from south end of Irgon Lithium Mine shaft and approximately 93m east of the last exposed outcrop of the Irgon Pegmatite
– 48 feet of spodumene bearing quartz were drilled in 1948 on the company’s present claims but not followed up at the time (Manitoba Assessment File 98073 – not 43-101 compliant )
– Present drill program has encountered numerous pegmatite in all drill holes
– Property approximately 180km northeast of Winnipeg, Manitoba
– Excellent infrastructure – Provincial Highway 314 in southeast Manitoba cuts through the property
- – Please click for maps of the claims:
– http://equitorialexploration.com/wp-content/uploads/2018/01/Cat-Lake-Claims-Maps-3.pdf
QMC Quantum Minerals Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the east-trending Mayville-Cat-Euclid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The
BRGB hosts the world-class Tanco rare element-bearing pegmatite dike as well as numerous other lithium bearing pegmatites. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (lithium). It was previously North America’s largest and sole producer of spodumene (Li), tantalite (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100%-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Cat Lake, Tule, Gerlach and Little Nahanni Pegmatite Projects: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Equitorial Exploration
Equitorial Encounters 36m Pegmatite at Cat Lake Lithium Property, Manitoba
Momentum Public Relations
Press Release: March 21 2018
Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that drill hole CT-18-02 encountered approximately 36 meters of a spodumene bearing pegmatite in core at its 100%-owned Cat Lake Lithium Property in SE Manitoba directly, adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
Drill Program Update
Drill hole CT-18-02 is the second drill hole of the Company’s aggressive 1,100 meter drill program. Drill hole CT-18-02 was positioned to intersect a possible extension of the Irgon Pegmatite system, presently being explored by QMC Quantum Minerals to the west of the company’s claims.
The drill hole encountered approximately 36 meters of a spodumene bearing pegmatite (true width not determined at this time) at a depth of 126 meters downhole or 90 meters below the surface.
The hole was collared approximately 200 meters southeast of the last surface exposure of the Irgon Pegmatite. Prior to being drilled, this pegmatite was buried with no surface expression.
The next few drill holes will focus on defining the orientation and extent of the newly discovered pegmatite.
The company is presently in the process of sampling the new pegmatite and will announce assay results once they are received and reviewed.
The drill program is headed up by Carey Galeschuk. P. Geo, a consulting geologist with extensive experience in lithium bearing pegmatites. He also serves as Qualified Person for the purpose of National Instrument 43-101.
CEO Jack Bal, comments
” The discovery of this new pegmatite at depth may be a part of the Irgon Pegmatite system or represent a totally new pegmatite system. Either scenario adds significant value to Equitorial’s Cat Lake Property and to the Company as a whole. We will continue to enlarge our understanding of this new discovery .”
Cat Lake Lithium Property Highlights
- – Property situated directly east and along strike of Quantum Minerals’ Cat Lake Mineral Project (previously Irgon Lithium Mine) . During 1956-1957, t he Irgon Mine was an underground mining operation for spodumene (one of the hard rock sources for Li). The pegmatite had an historic estimate of 1.25 million tons of ore grading 1.51% Li20 (Mineral Inventory File No. 221).- Equitorial claim block 150 m from south end of Irgon Lithium Mine shaft and approximately 93m east of the last exposed outcrop of the Irgon Pegmatite
– 48 feet of spodumene bearing quartz were drilled in 1948 on the company’s present claims but not followed up at the time (Manitoba Assessment File 98073 – not 43-101 compliant )
– Property approximately 180km northeast of Winnipeg, Manitoba
– Excellent infrastructure – Provincial Highway 314 in southeast Manitoba cuts through the property
Please click for maps of the claims: http://equitorialexploration.com/wp-content/uploads/2018/01/Cat-Lake-Claims-Maps-3.pdf
QMC Quantum Minerals Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the east-trending Mayville-Cat-Euclid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The
BRGB hosts the world-class Tanco rare element-bearing pegmatite dike as well as numerous other lithium bearing pegmatites. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (lithium). It was previously North America’s largest and sole producer of spodumene (Li), tantalite (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100%-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Cat Lake, Tule, Gerlach and Little Nahanni Pegmatite Projects: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Equitorial Exploration, Uncategorized
Equitorial Drilling at 100%-Owned Cat Lake Lithium Property, Manitoba
Momentum Public Relations
Press Release: March 19, 2018
Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has drilled and logged the first hole of its aggressive 1,100 meter drill program at its 100%-owned Cat Lake Lithium Property directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
Drill Program Summary
- – 1,100 m aggressive drill program of several holes
– First hole drilled and logged
– Three areas of interest:
- – Eastward extension of Quantum Minerals’ Irgon Pegmatite presently being explored by Quantum Minerals
– Follow up of 1948 drill hole reported to have encountered 48 feet (~14.63 m) of spodumene ( Manitoba Government assessment file 98073 – not 43-101 compliant ) . No additional drilling in the area was completed.
– Skarn associated with the Cat Lake Mine/Lithium Corp Cat Lake Mine – minimal information on the old mine site
– The drill program is headed up by Carey Galeschuk. P. Geo, a consulting geologist with extensive experience in lithium bearing pegmatites. He also serves as Qualified Person for the purpose of National Instrument 43-101.
- – Eastward extension of Quantum Minerals’ Irgon Pegmatite presently being explored by Quantum Minerals
Cat Lake Lithium Property Highlights
- – Property situated directly east and along strike of Quantum Minerals’ Cat Lake Mineral Project (previously Irgon Lithium Mine) . During 1956-1957, t he Irgon Mine was an underground mining operation for spodumene (one of the hard rock sources for Li). The pegmatite had an historic estimate of 1.25 million tons of ore grading 1.51% Li20 (Mineral Inventory File No. 221).
– Equitorial claim block 150 m from south end of Irgon Lithium Mine shaft and approximately 93m east of the last exposed outcrop of the Irgon Pegmatite and approximately 122 m along
– 48 feet of spodumene bearing quartz were drilled in 1948 – not followed up at the time (Manitoba Assessment File 98073 – not 43-101 compliant )
– Property approximately 180km northeast of Winnipeg, Manitoba
– Excellent infrastructure – Provincial Highway 314 in southeast Manitoba cuts through the property
Please click for a maps of the claims: http://equitorialexploration.com/wp-content/uploads/2018/01/Cat-Lake-Claims-Maps-3.pdf
Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the east-trending Mayville-Cat-Euclid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The BRGB hosts the world-class Tanco rare element-bearing pegmatite dike as well as numerous other lithium bearing pegmatites. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (lithium). It was previously North America’s largest and sole producer of spodumene (Li), tantalite (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100%-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
- Published in Equitas Resources
Mining Industry Turnaround Showcased at PDAC 2018
Momentum Public Relations
Blog: February 28th
The premiere mining convention in the world is about to take place
in Toronto as the Prospectors and Developers Association of
Canada, PDAC, holds its annual convention from March 4-7, 2018.
As mining conventions go, PDAC attracts the largest numbers in
the world with more than 24,000 attendees expected this year.
PDAC has a domestic and international membership 7,500 strong.
Canadian mining companies operate in more than 100 countries
and no wonder. Canadians are good at mining, it is, not to put too
fine a point on it, one of our bedrock industries.
Internationally, mining companies like to list on the TSX because
after the C$ 6 billion Bre-X gold scandal of the 1990s and the
resulting mining sector slaughter, Canada cleaned up its regulatory
act and introduced NI 43-101, a mechanism that fosters
transparency in what can and cannot be said about a mining claim.
NI 43-101 helped eliminate fraud and boiler room scams in the
industry and made the Toronto exchange the place for listing and
raising capital. As a result more than half the mining companies in
the world list on the TSX and TSXV.
Last year almost 600,000 people worked in the Canadian mining
industry and the dollar value was in excess of C$60 billion. In
terms of the social fabric, Canadian mining employs more
Indigenous Canadians than any other industry.
Canadian governments recognize the importance of mining to the
Canadian economy. British Columbia has just announced a 12
member task force made up from the mining industry, Indigenous
community and labour to assess the health and vitality of the
industry in British Columbia and make proposals on how to
provide job security during commodity price fluctuations. In
British Columbia the mining industry generates 30,000 jobs and
generates C$6 billion. No small potatoes.
Mining is important to industry. Without iron ore, for instance, we
wouldn’t have steel. Moving forward, the next great industrial
revolution, from petroleum to renewable energy, won’t be able to
take place without the mining industry exploring for secure sources
of cobalt, lithium and graphite, new generation rechargeable
battery metals.
And then there is graphene, a material that is refined from graphite
which is much thinner and much stronger than steel. Among the
remarkable products that graphene can be used to produce is a
building coating that not only generates and supplies all the
electricity used to power a building but can also be used to change
the colour of a building. Imagine your office going from green
when it is open and to red when it is closed.
After going through an ugly period where financing was difficult
for majors and almost impossible for juniors, explorers and
developers are beginning to find project financing.
Last year, according to a story in the Globe and Mail’s February
27, 2018 issue, Brian Milner wrote that 20 mining companies went
public on Canadian exchanges and that roughly C$830 million was
raised for mining companies during 2017. Mining companies
provided more than half of the new issues introduced last year. The
amount invested, C$830 million, was the largest sum invested in
seven years.
At the moment, the mining industry seems poised for takeoff.
Commodity prices for base metals have improved. Major
companies that overspent on resources have largely put their
financial houses in order. Because prospecting and exploration
were put off during the recent past, mining companies are now
looking to find new reserves and build up project pipelines.
During mining’s recent awful bad day that went on for years,
prominent newsletter writers continuously wrote that it was time
for the industry to clean up its act and reduce the number of
zombie companies on the exchange.
A typical zombie company would be a junior that has a good story
and not much else, not the skill or the financing to advance any
project that it does hold. By listing on the exchange and raising
money it dilutes the capital available for juniors that have the skill
and ability to develop a project.
Doug Ramshaw, the President and CEO of Corex Gold, (TSXV:
CGE) believes that the industry needs more mergers like the one
which Corex is currently engaged in. Corex and Minera Alamos
are in the merger process in what Ramshaw describes as a perfect
fit.
The merged company will operate under the Minera Alamos name
for the time being and have three advanced stage gold projects
under development. One, Corex’s Santana property is expected to
be in full production by the end of the year producing 25-35,000
ounces of gold a year.
The resulting revenue will be used to help finance production at
Minera Alamos’ two advanced stage projects, Fortuna and
Guadelupe dos Reyes. All three projects will be processed using
low-capex heap leaching and Ramshaw estimates that when all
three projects are up and running annual production will hit
150,000 ounces of gold.
By using low cost heap leaching the mines will be profitable even
if the price of gold falls back. Merging the two companies will
produce one that has a market cap in the C$50 million range, one
that will be able to attract any financing it needs going forward.
If you feel like placing a bet on a junior gold exploration company
you may want to consider Alliance Mining, (TSXV: ALM) which
is starting to consolidate land claims in the Bissett gold camp in
southeastern Manitoba. The company already has three highly
prospective targets, including Packsack, a past producing gold
mine.
The best place to find a gold mine is next to another gold mine and
Packsack is four km away from Klondex’s True North Mine and
mill complex. More than 1.7 million ounces of gold have been
produced at the Bissett-Red Rice Lake gold camp.
On the other hand you may also be interested in investing in the
future. Equitorial Explorations, (TSXV: EXX) is currently
advancing three significant lithium properties.
You can also invest in the future of mining by investing in Albert
Mining, (TSXV: AIIM). Albert is named after Einstein because the
company has an AI powered exploration system called CARDS
which it using to find drill targets.
Canada’s mining industry is back and attracting smart money. If
you do invest remember to do your own due diligence, caveat
emptor.
- Published in Blog
Equitorial Commences Drill Program at Cat Lake Lithium Property, Manitoba
Momentum Public Relations
Press Release: February 15 2018
Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company will commence drilling its 100%-owned Cat Lake Lithium Property directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
The drill contract was awarded to Rodren Drilling Ltd. of West Paul, Manitoba.
Drilling will commence the week of February 19, 2017.
Cat Lake Drill Program
The drill program will involve a total of 1,100 meters at a maximum depth of 300 meters per hole. Drilling will focus on the eastward strike extent of the Irgon Pegmatite presently being explored by Quantum Minerals. The Irgon Mine was an underground mining operation for spodumene (one of the hard rock sources for Li) from 1956-1957 . The historic estimate was 1.2 million tons of 1.51% Li2O ( Manitoba Government Assessment File 94932), not 43-101 compliant. In 1948, a drill hole on the company’s present Cat Lake Project claims, encountered 48 feet (~14.6 metres) of spodumene ( Manitoba Government assessment file 98073 ). This hole was not followed up at the time.
The drill program will be headed up by Carey Galeschuk. P. Geo, a consulting geologist with extensive experience in lithium bearing pegmatites. He will also serve as Qualified Person for the purpose of National Instrument 43-101.
Cat Lake Lithium Property Summary
- – Adjacent to Cat Lake Mineral Project (previously Irgon Lithium Mine)
– Lithium Corp Cat Lake mine situated on south end Cat Lake claim block
– Irgon Lithium Mine shaft 150 m from south end of Cat Lake claim block
– 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba Assessment File 98073)
– Approximately 150km northeast of Winnipeg
– Provincial Highway 314 in southeast Manitoba passes close by the claims
Please click for a maps of the claims: http://equitorialexploration.com/wp-content/uploads/2018/01/Cat-Lake-Claims-Maps-3.pdf
Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the east-trending Mayville-Cat-Euclid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The BRGB hosts the world-class Tanco rare element-bearing pegmatite dike as well as numerous other lithium bearing pegmatites. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (lithium). It was previously North America’s largest and sole producer of spodumene (Li), tantalite (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100%-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Equitorial Exploration
Equitorial Exploration Files Permit for 2,000 m Drill Program
Momentum Public Relations
Press Release: November 21, 2017
Vancouver, BC, Canada / TheNewswire / November 21, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has received TSX-V Exchange approval to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recorded and beneficial interest in 3 claims (Catlake Claims) directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
The Company is in the process of filing a work permit in Manitoba to drill 2,000 meters. The drill program will be headed up by Carey Galeschuk, P.Geo a geological consultant, who will also serve as Qualified Person for the purpose of National Instrument 43-101. He is a registered as a professional geoscientist in Manitoba and Ontario with close to 30 years of mineral exploration and project management experience across Canada. He has engaged in exploration with both junior and senior exploration companies in a broad range of commodities including rare metals, base metals, gold, nickel and PGM’s. He has considerable experience in lithium and pegmatite deposits. Currently Mr. Galeschuk provides geological consulting services to a variety of clients.
Cat Lake Lithium Project Summary
- – Adjacent to Cat Lake Mineral Project (previously Irgon Lithium Mine)
– Lithium Corp Cat Lake mine situated on south end Catlake claim block
– Irgon Lithium Mine shaft 150 m from south end of Catlake claim block
– 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba Assessment File 98073)
– Approximately 150km northeast of Winnipeg
– Provincial Highway 314 in southeast Manitoba passes close by the claims
– Please click for a map of the claims: TBD
Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the southern section of the east-trending Mayville-Cat-Eculid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The BRGB hosts the world-class Tanco rare element-bearing pegmatite dike. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (a primary ore mineral for lithium) concentrate. It was previously North America’s largest and sole producer of spodumene (Li), tantalum (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Catail Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
- Published in Equitorial Exploration, News Home