Business
Athabasca Nuclear Corp. Acquires Juliet Lithium Project
Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“ASC” or the “Corporation”) is pleased to report that it has acquired the Ju
About this update from Dixie Gold Inc.
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“ASC” or the “Corporation”) is pleased to report that it has acquired the Juliet Lithium Project located in Quebec, Canada. “The Juliet Lithium Project bolsters our lithium exploration presence in Quebec. Through it, we gain immediate and additional lithium exploration potential in close proximity to the Rose Deposit being advanced by Critical Elements. When combined with our Whabouchi area projects - Spodumene Lake and Dumont - where we recently announced a funded exploration program, we believe we have an enviable lithium exploration project base in Quebec. Pegmatites typically occur in clusters/swarms, or along district scale trends, which makes our success in securing tenure close to notable deposits that much more important,” stated Ryan Kalt, CEO of the Corporation. About the Juliet Lithium Project The Juliet Lithium Project is anticipated to encompass 172 mineral cell claims over 3 individual claim blocks, which have been applied for on ground immediately surrounding and contiguous to the Rose Project being advanced by Critical Elements Corporation (“Critical Elements”). In aggregate, the Corporation’s Juliet Project claim cells are expected to cover approximately 9,120 ha. The Juliet Lithium Project is located approximately 30km north of the community of Nemaska (Nemiscau). The project is in close proximity to the Eastmain 1 hydroelectric facilities and has a power line transacting portions of the project. The Juliet Lithium Project ground was acquired through map designation and is currently within the pending phase of acquisition. All required fees have been paid and 100% tenure ownership is expected to be confirmed shortly. This new ground was acquired by the Company through an arm’s length exploration services company at a cost equating claim fees plus a 2% royalty. Claim Map of the Juliet Lithium Project To view the graphic in its original size, please click hereMap Link URL: http://www.athabascanuclear.com/wp-content/uploads/2016/06/Juliet_Lithium_Project_Claim_Map.jpg ASC believes that its Juliet Lithium Project may offer similar lithium exploration potential to the adjacent Rose Project held by Critical Elements. Specifically, the exploration target for the Juliet Lithium Project are rare element Lithium-Cesium-Tantalu...