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Equitorial Exploration Corp
Symbol EXX
Shares Issued 71,043,571
Close 2018-02-15 C$ 0.105
Recent Sedar Documents

Equitorial Exploration to drill Cat Lake next week

2018-02-15 08:57 ET - News Release

Mr. Jack Bal reports

EQUITORIAL COMMENCES DRILL PROGRAM AT CAT LAKE LITHIUM PROPERTY, MANITOBA

Equitorial Exploration Corp. will commence drilling its 100-per-cent-owned Cat Lake lithium property directly adjacent to the Cat Lake mineral project owned by Quantum Minerals Corp.

The drill contract was awarded to Rodren Drilling Ltd. of West Paul, Man.

Drilling will commence the week of Feb. 19, 2017.

Cat Lake drill program

The drill program will involve a total of 1,100 metres at a maximum depth of 300 metres per hole. Drilling will focus on the eastward strike extent of the Irgon pegmatite presently being explored by Quantum Minerals. The Irgon mine was an underground mining operation for spodumene (one of the hard-rock sources for Li) from 1956 to 1957.

The historic estimate was 1.2 million tons of 1.51 per cent lithium dioxide (Manitoba government assessment file 94932), not National Instrument 43-101 compliant. In 1948, a drill hole on the company's present Cat Lake project claims, encountered 48 feet (about 14.6 metres) of spodumene (Manitoba government assessment file 98073). This hole was not followed up at the time.

The drill program will be headed up by Carey Galeschuk, PGeo, a consulting geologist with extensive experience in lithium bearing pegmatites. He will also serve as qualified person for the purpose of National Instrument 43-101.

Cat Lake lithium property summary

  • Adjacent to Cat Lake mineral project (previously Irgon lithium mine);
  • Lithium Corp. Cat Lake mine situated on south end of Cat Lake claim block;
  • Irgon lithium mine shaft 150 m from south end of Cat Lake claim block;
  • 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba assessment file 98073);
  • Approximately 150 kilometres northeast of Winnipeg;
  • Provincial Highway 314 in southeast Manitoba passes close by the claims.

Please go to the company's website for a map of the claims.

Cat Lake mineral project

QMC Quantum Minerals Corp. news release Sept. 7, 2017, reported:

"Between 1953 and 1954, the Lithium Corp. of Canada Ltd. drilled 25 holes into the Irgon dike and reported a historical resource estimate of 1.2 million tons grading 1.51 per cent Li20 over a strike length of 365 metres and to a depth of 213 metres (Northern Miner, volume 41, No. 19, Aug. 4, 1955, page 3). This historical resource is documented in a 1956 assessment report by Bruce Ballantyne for the Lithium Corp. of Canada Ltd. (Manitoba assessment report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document's relevance and reliability."

The property lies within the east-trending Mayville-Cat-Euclid greenstone belt (MCEGB) located along the northern contact of the Maskwa Lake batholith. This northern greenstone belt has a similar structural geological setting as the Bird River greenstone belt (BRGB) which is located along the southern contact of the same batholith, and is parallel to and approximately 18 km to the south of the MCEGB. The property is located 20 km north of the Tanco mine property. The BRGB hosts the world-class Tanco rare element bearing pegmatite dike as well as numerous other lithium bearing pegmatites. The Tanco mine went into production in 1969 and produced tantalum, cesium and spodumene (lithium). It was previously North America's largest and sole producer of spodumene (Li), tantalite (Ta) and pollucite (Cs).

About Equitorial Exploration Corp.

Equitorial is aggressively developing four 100-per-cent-owned, high-potential, lithium projects in North America. The Little Nahanni pegmatite group (LNPG) is a National Instrument 43-101 compliant, hard-rock, lithium property in the Northwest Territories. The Cat Lake lithium property in Manitoba, Canada, is directly adjacent to the Cat Lake mineral project, a highly prospective lithium property. The Tule and Gerlach lithium brine projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory No. 1. All four projects have demonstrated highly encouraging grades.

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