Hidden Lake Property (Lithium)
The Hidden Lake Property is located in the Northwest Territories, proximal to Highway 4, and consists of one claim block totalling 1,660 ha. The Property covers portions of the Yellowknife Lithium Pegmatite Belt and is host to numerous spodumene-bearing pegmatite occurrences. In March 2018, The Property was Optioned to Far Resources Ltd. The Company currently maintains a 40% interest in the Property through a Joint Venture with Far Resources, where Far Resources is also responsible for financing the Joint Venture’s initial $1M in expenditures.
*Historical resources, which have not been verified by the Qualified Person nor defined in compliance with National Instrument 43-101, and therefore, should not be relied upon in this respect.
- Maiden drill program completed in 2018 with 10 holes totalling 1,079 m
- 1.6% Li2O over 9.2 m returned at the D12 Pegmatite (HL18-003)
- All 10 holes intersected grades over 1% Li2O
- Mini-pilot plant completed with over 40 kg of 6.11% Li2O mineral concentrate produced at high recovery (>80%)
Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the Company’s properties.