News Feed Item

Nemaska Increases Mineral Resource at Whabouchi

Improves Grade and tonnage

QUEBEC CITY, QUEBEC -- (Marketwired) -- 01/28/14 -- Nemaska Lithium Inc. ("Nemaska" or the"Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF)(FRANKFURT:N0T) is pleased to announce that, following the completion of the September 2013 diamond drilling campaign, (see press release of November 13, 2013), an updated Mineral Resource estimate has been completed by Jean-Philippe Paiement, M.Sc. P.Geo., of SGS Canada Inc. - Geostat ("SGS Geostat"). The Mineral Resource was estimated and limited inside an optimized pit shell. The resources were interpolated using Genesis© and the block model was submitted to Met-Chem Inc. to run pit optimization using Mine Sight©. The interpolated blocks of the block model located below the optimised pit shell are not included in the updated Mineral Resources. The company is currently preparing a National Instrument 43-101 compliant Feasibility Study on the Whabouchi project, which will include the updated Mineral Resource estimate. Currently there is a National Instrument 43-101 compliant Preliminary Economic Assessment report on the Whabouchi project that incorporates the past Mineral Resource estimate prepared by Andre Laferriere, M.Sc. P.Geo., of SGS Canada Inc. - Geostat ("SGS Geostat") with an effective date of June 6, 2011.

The following table shows the difference between the 2011 and the 2014 resource estimate:

     2014 vs 2011 Mineral Resource Estimate (In-pit) - Whabouchi Project    
                                   2014                   2011              
                        2014       Li2O        2011       Li2O   Increase in
Resources            Tonnage      Grade     Tonnage      Grade       tonnage
 Categories          (Mt)(i)        (%)     (Mt)(i)        (%)          (Mt)
Measured              12.998       1.60      11.294       1.58         1.704
Indicated             14.993       1.54      13.785       1.50         1.208
Measured +                                                                  
 Indicated            27.991       1.57      25.079       1.54         2.912
Inferred               4.686       1.51       4.401       1.50         0.285
(i)Note: The mineral resource estimate has been calculated using the        
Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definitions    
Standards for mineral resources in concordance with National Instrument 43- 
101 - Standards of Disclosure for Mineral Projects. Mineral resources which 
are not mineral reserves do not have demonstrated economic viability.       
Inferred mineral resources are exclusive of the Measured and Indicated      
Bulk density of 2.70 t/m3 is used. Effective date January 22, 2014. (i)     
Rounded to the nearest thousand.                                            

"In any mining project, regardless of the commodity or location, grade is king, commented Guy Bourassa, President and CEO of Nemaska Lithium. "Whabouchi is an exceptionally high grade lithium deposit unlike any other in North America and we are very pleased with the updated Mineral Resource estimate, as it shows an increase in both tonnage and grade of the measured and indicated resources," commented Guy Bourassa, President and CEO of Nemaska. The homogeneity of the grade within the optimized pit shell is clearly shown in the attached grade curve analysis. "Equally important is the fact that the deposit remains open at depth and that the blocks of the resources model located below the optimised pit shell are not included in the Mineral Resources as it can be seen on the attached longitudinal view. This update of the Resource estimate is a positive step in finalizing the Feasibility Study on the Whabouchi project. We have a potential of 25+ years of resources to be mined. We are planning to release the Feasibility Study during this quarter which will include this updated Mineral Resource estimate. We expect that these resources numbers will positively impact the economics of the project."

The mineral resources were estimated based on the following geological and resources block modeling parameters(i):

--  Mineral resources were evaluated from the diamond drill holes and
    channels analytical results completed by Nemaska since 2009. Historical
    drill holes and channels were not used for the current mineral resources
    estimates. A total of 479 drill holes/channels and 9,358 assays were
    used for the mineral resources model. 
--  The mineral resources 3-D modeling of mineralized pegmatite dyke was
    conducted using a minimal modeling grade of 0.50% Li2O over a 2m
    horizontal thickness. 
--  Block Model Interpolation was done using Ordinary Kriging. The block
    model was defined by block size of 5m long by 3m wide by 5m thick and
    covers a strike length of 1,315m to a maximal depth of 520m below
    surface. The final mineral resources which are located inside the
    optimised pit reach 320m below surface (maximum depth of optimised pit).
--  The interpolation was conducted using composited assays of 2m in length.
    The Mineral Resources were modeled and estimated using Genesis©
--  The cut-off grade of the reported Mineral Resources is 0.43% Li2O. 

(i)Based on the Memorandum received from SGS Geostat, dated January 22, 2014.

The technical information in this press release has been reviewed by Jean-Philippe Paiement, M. Sc. P. Geo., Qualified Person as defined in National Instrument 43-101.

About Nemaska

Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Corporation is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other global sources will be shipped to the Corporation's lithium hydroxide/carbonate processing plant to be built in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate mainly for the growing lithium battery market.

Neither 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.

The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward-looking statement.

Guy Bourassa
418 704-6038
[email protected]

Wanda Cutler
Investor Relations
416 303-6460
[email protected]

Victor Cantore
Investor Relations
514 831-3809
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
In his session at 19th Cloud Expo, Nick Son, Vice President of Cyber Risk & Public Sector at Coalfire, will discuss the latest information on the FedRAMP Program. Topics will cover: FedRAMP Readiness Assessment Report (RAR). This new process is designed to streamline and accelerate the FedRAMP process from the traditional timeline by initially focusing on technical capability instead of documentation preparedness. FedRAMP for High-impact level systems. Early in 2016 FedRAMP officially publishe...
SYS-CON Events announced today that Impiger Technologies will exhibit in Booth #109 at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Impiger Technologies is a world-class, enterprise software product engineering company specializing in Mobile Application Development, Cloud Applications, Microsoft Technology Solutions, Web Technology and Telecom Services. Impiger Technologies helps enterprises improve busi...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
As companies adopt the cloud-to-streamline workflow, deployment hasn’t been very seamless because of IT concerns surrounding security risks. The cloud offers many benefits, but protecting and securing information can be tricky across multiple cloud providers and remains IT’s overall responsibility. In his session at 19th Cloud Expo, Simon Bain, CEO of SearchYourCloud, will address security compliance issues associated with cloud applications and how document-level encryption is critical for sup...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.