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Coniagas announces commencement of Phase I exploration program on Cyr Lithium Property
TORONTO, Sept. 18 /CNW/ - Coniagas Resources Limited ("Coniagas" or the "Company") (TSX-V: "CNY")...
About this update from American Lithium Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 18 /CNW/ - Coniagas Resources Limited ("Coniagas" or the\n"Company") (TSX-V: "CNY") is pleased to announce the commencement of a "Phase\nI" exploration program on the Company's Cyr Lithium Project in Northern\nQuebec. The program is based on the recommendations of a recently completed a\ntechnical review and 43-101 report to be posted on SEDAR shortly. The program\nwill include:\n\n\n- Review of historical data\n- Approximately 1100 metres of diamond drilling\n- Mapping of the property area focused on defining the lateral extent\n and orientation of pegmatite dykes\n- Detailed sampling and multi-element assaying of drill core and grab\n samples\n\n\nThe drilling program will be used to define a volume of pegmatite\nmaterial towards establishment of an inferred resource over a portion of the\nknown extent of the lithium-bearing pegmatite covering a surface area of\napproximately 900 metres x 200 metres. The drilling will consist of a series\nof vertical and inclined holes on approximately 100 m centers. The drill holes\nwill test the depth extent of the pegmatite to a depth of approximately 50 m\n-75 m.\n\n\nAssaying will be completed at Accurassay of Thunder Bay, with sample\npreparation being done at TJCM of Chibougamau under specific control\nguidelines from the lab. Assay methodology is by ICP with a multi acid (MA)\npredigestion; lithium is the main element analysed for followed by an\napproximately 30-element suite, including a number of other rare-earth\nelements (REE) often associated with pegmatites.\n\n\nDrilling, assaying and analysis associated with Phase I is expected to be\ncompleted by early in November.\n\n\nThe program is being managed by Mr. James McCann, P.Geo, who is a\nQualified Person for this work and press release under the requirements of\nNational Instrument 43-101.\n\n\nA second phase program, which would be dependant on confirmation of size\nand lithium (and other potential economic element) grades of the pegmatites\nencompassing the phase I drill area, would commence after completion of phase\none. This second phase would consist of volume determination of individual\npegmatite dykes and overall pegmatite volumes through additional drilling,\nspecific gravity analysis, and resource calculation, in addition to detailed\nMetallurgical testin...