Business
Athabasca Nuclear Corp. Acquires Lithium Projects in Quebec’s Whabouchi Lithium District
Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) ( “ASC” or the “Corporation”) is pleased to report that it has established a
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 established a large-scale position in the Whabouchi Lithium District located in Quebec by way of 356 claim applications. Upon approval of these applications by the Government of Quebec, ASC expects to become the largest mineral tenure holder in the Whabouchi Lithium District, which hosts Nemaska Lithium Inc.’s proposed Whabouchi spodumene lithium mine. In total, ASC anticipates that it will hold a total of approximately 19,032 ha, which compares favorably to the approximate 1,762 ha held by Nemaska Lithium Inc. at its Whabouchi Property. ACS’s district-scale acquisition is represented by two projects, the Spodumene Lake Project, located in the immediate vicinity of the proposed Whabouchi mine, and the Dumont Lithium Project, located south of Nemaska Lithium Inc., both of which aggregately cover a large area of the underexplored regional pegmatite belt. ASC Whabouchi District Position To view the graphic in its original size, please click here Based on available government data, ASC will hold part or all of 29 already identified pegmatite targets prospective for spodumene lithium with the strong potential of identifying further prospects with ground and geophysical follow-up. “ASC’s decision to establish an early-mover and district scale-position within Quebec’s lithium exploration industry is a material development for ASC. The Spodumene Lake and Dumont lithium projects position ASC as a large and leading player in the Whabouchi Lithium District. When combining our Whabouchi projects with our Preston uranium project, we believe that ASC represents a leading exploration company in the clean commodity marketplace. ASC anticipates having a tremendous amount of exciting lithium exploration work ahead of us in Quebec,” stated Ryan Kalt, CEO of the Corporation. Spodumene Lake Project The Spodumene Lake Project covers 4,484 ha in the immediate vicinity of by Nemaska Lithium Inc.’s proposed Whabouchi lithium mine and is as close as 560 metres from the Nemaska Lithium Inc. Whabouchi project. The Spodumene Lake Project is roughly 13km in length and up to 6km in width. It is orientated SW-NE in similar trajectory to Nemaska Lithium’s project. ASC has named the Spodumene Lake Project a...