While Canada Lithium expects to be able to deliver a first shipment of its lithium mine La Corne, on the other side of Lake La Motte, a mining project is like waking up.
Topics: Glen Eagle Resources, Territory of the Municipality of La Motte
Located on the territory of the municipality of La Motte, Authier project of Montreal society Glen Eagle Resources contained a total potential 6,457,000 tonnes of ore at a grade of 1.0 percent of lithium in a first calculation resources conducted in February 2011. However, the update made a few days ago is now state of 7,959,000 tonnes of ore at an average grade of 0.97 percent lithium.
Not only it is an overall increase of 1.5 million tonnes of ore, but the nature of the latter is more accurate. Inferred Resources are well past 2.29 million tonnes to only 572 000 tonnes of ore, while indicated resources, rank highest precision, increased from 4,167,000 à 5,148,000 tons of ore.
In addition, there are now 2.239 million tonnes of ore in the measured category, the last step before it is converted into mineral reserves very real. In the category of measured and indicated resources, there is also an increase of about 77.3 per cent in the space of 20 months
"We remain very confident in our next study see preliminary economic assessment (ECERS) significantly increase the value of our project, based solely on the production of spodumene," said Glen Eagle President Jean Labrecque, by statement.
12 years and two by-products
First independent ECERS performed in February 2012 on behalf of the Montreal-based company had reported a lifetime for Authier project estimated at 12 years, due to processing 1000 tons of ore per day. For the moment, it is expected that the ore is mined in open mode.
It also stated that the production of spodumene concentrate could generate two sub-products, or mica and feldspar.