The deposit contains a measured and indicated mineral resource of 31.6 million tonnes grading 1.11% Li2O, with an additional 38.9 million tonnes grading 1.12% Li2O classified as an inferred mineral resource.
The current program, which will also include some infill drilling for increased resource definition within the initial pit design, is expected to conclude in August 2010.
On March 22, 2010, the Company announced results from a Pre-Feasibility Study (PFS) that set out a timeline to plant commissioning/production by late 2012. The Quebec Lithium operation is expected to produce approximately 42.6 million pounds (19,300t) per year of battery-grade lithium carbonate (Li2CO3) on site. The PFS (accuracy of +/- 30%) was prepared by BBA Inc. of Montreal in conjunction with SGS Lakefield, Golder Associates, Genivar Inc. and Caracle Creek International Consulting (CCIC).
Mitch Lavery, P.Geo., is the Qualified Person for the Quebec Lithium Project in accordance with NI 43-101. Mr. Lavery has read and approved the contents of this news release.
The mineral resource estimates were prepared in accordance with the CIM "Definition Standards on Mineral Resources and Mineral Reserves" adopted by the CIM Council on December 11, 2005, and the CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines," adopted by CIM Council on November 23, 2003, in compliance with NI 43-101 guidelines, using the polygonal method.
Canada Lithium Corp. is a Canadian-based resource and exploration company trading under the symbol CLQ on the TSX-V. The Company is currently preparing a definitive Feasibility Study on the Quebec Lithium Project, which will include environmental, metallurgical, geological and engineering studies. It has an agreement with Japanese metals trading firm, Mitsui & Co. Ltd., to market a portion of Canada Lithium Corp.’s product in China, Korea and Japan. Metallurgical tests have produced battery-grade lithium from deposit samples.