Clean Commodities Corp. Discovers Lithium-Rich Boulder Field Assaying up to 1.65% Li2O; Acquires Additional 2,594 Hectares at Juliet Lithium Project
TSX VENTURE: CLE
VANCOUVER, Sept. 26, 2017 /CNW/ - Clean Commodities Corp. (TSX-V: CLE) ("Clean Commodities" or the "Corporation") is pleased to report that it has successfully completed its inaugural field program at its Juliet Lithium Project (the "Project"), located adjacent to Critical Element Corp.'s Rose Lithium Project in Quebec, Canada. The recently completed field program identified a prospective mineralized boulder field with assays up to 1.65% Li2O. The Corporation believes the boulders to be sourced in close proximity and from within tenure held by the company given the abundance, characteristics and metre-scale size of the boulders.
The discovery at Juliet includes six, mineralized pegmatite boulders, ranging in size from ~15-20 cm3 up to approximately 1 m x 1 m x 0.5 m, with lithium mineralization ranging from 0.36% to 1.65% Li2O. Tantalum assays are pending. The presence of a well-mineralized (1.27% Li2O) metre scale boulder within the larger well-mineralized boulder field indicates a proximal source.
The discovery is located less than 5 km to the northeast of Critical Rare Earth Elements Rose Lithium-Tantalum Deposit and proximal to other known and recently discovered lithium-tantalum pegmatites.
As such, the Corporation has successfully acquired, via map staking, the most prospective ground in the up-ice direction of the boulder field discovery, and is now engaged in a review of prospective follow-on exploration programs at the Juliet Lithium Project for the ensuing field season. Further details concerning the expansion of the Juliet Lithium Project is found below.
The summer 2017 field program was completed on behalf of Clean Commodities by Dahrouge Geological Consulting Ltd.
Management cautions that past results or discoveries on adjacent properties (i.e. Rose) may not necessarily be indicative to the presence of mineralization on the Corporation's properties (i.e. Juliet).
Juliet Lithium Project Expansion
Clean Commodities is also pleased to announce that it has increased the size of the Juliet Lithium Project through the acquisition of 49 new mineral claims totaling approximately 2,594 ha (approximately 6,407 acres) in size. The new project ground represents an approximate 8.5 km expansion of the Juliet Lithium Project in an up-ice direction to the discovery detailed in this news release.
Figure 1: Juliet Lithium Project Map (September 26, 2017)
The Juliet Lithium Project now stands at approximately 12,140 ha (approximately 30,000 acres).
The new mineral claims were acquired through an arm's-length exploration services company at a cost equating tenure fees plus a two percent royalty.
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company involved in a diverse portfolio of clean commodity assets including lithium, cobalt, zeolite and uranium projects. For more information, please visit www.cleancommodities.com.