Business
Canadian International Minerals Inc. Announces Inferred Resource Estimate of 2,049,000 Tonnes of Lithium Carbonate Equivalent on Leduc Lithium Brine Project
(via Thenewswire.ca) January 25, 2016 / TheNewswire / Vancouver, British Columbia ...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Canadian International Minerals Inc. Announces Inferred Resource Estimate of 2,049,000 Tonnes of Lithium Carbonate Equivalent on Leduc Lithium Brine Project(via Thenewswire.ca)\n\n \n\n\n\n \nJanuary 25, 2016 / TheNewswire / Vancouver, British Columbia - Canadian International Minerals Inc. (TSX-V: CIN) is pleased to announce that it has filed a technical report detailing an Inferred Resource estimate for the Company's Leduc Lithium Brine Project, in accordance with National Instrument 43-101 (\"NI 43-101\"). The independent technical report, titled \"Sturgeon Lake Li-K-B-Br-Ca-Mg-Na Oilfield Brine Inferred Mineral Resource, Leduc Property, West-Central Alberta\", dated January 22, 2016, was prepared for the Company by Roy Eccles, M.Sc., P. Geol., and Michael Dufresne, M.Sc., P. Geol., of APEX Geoscience Ltd. based in Edmonton, Alberta. Both Mr. Eccles and Mr. Dufresne are \"qualified persons\" within the meaning of NI 43-101 and are independent of the Company. The Technical Report is available under the Company's profile on SEDAR at www.sedar.com and is available on the Company's website at www.cin-v.com\n\n \n \nThe Technical Report outlines an Inferred Resource estimate on the Leduc Lithium Project of 385,000 tonnes of elemental lithium (Li), or 2,049,000 metric tonnes of lithium carbonate equivalent (Li2CO3).\n\n \n \nTo define a mineral resource estimate for Li, K, B, Br, Ca, Mg, and Na in the Leduc Formation aquifer system of CIN's Leduc Property, APEX used the total in-place formation water volume of 5.7 billion cubic metres (m3), average mineral grades that were derived from 2011 formation water sampling, and conservatively assume a grade weight (density) of 1000 kg/m3 of brine. The mineral resource estimate has been classified as 'inferred' according to the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards and is based on geological confidence, data quality and grade continuity.\n\n \n \nThe Sturgeon Lake Li-K-B-Br-Ca-Mg-Na Oilfield Brine Inferred Mineral Resource estimate can be summarized, in elemental and oxide form, as follows:\n\n \n \n\n\n-At an average grade of 67.5 mg/L and assuming 5.7 billion m3 of water the inferred resource estimate for lithium is 385,000 tonnes (2,049,000 tonnes of Li2CO3);\n\n\n\n\n-At an average grade of 4,641.3 mg/L and assuming 5.7 billion m3 of water the...