The Zoro 1 property hosts a near-surface deposit of lithium-bearing pegmatite mineralization that extends over significant distances in one main dyke exposed by multiple trenches and in several localities elsewhere on the property.
The Zoro 1 property is 52 hectares in area and is located near the East Shore of Wekusko Lake in west-central Manitoba, Canada. An evaluation of historic data from the Zoro 1 lithium pegmatite was undertaken. The objectives of this NI-43-101 report were to summarize the geology, historic ore reserves, and economic potential of dykes delineated on the property.
A historic reserve estimate for Li2O has been calculated on limited drilling on a single dyke on the Zoro 1 property. Drilling indicated reserves coupled with data from trenching have been calculated with a total undiluted tonnage given as 1,727,550 at 0.945% Li2O. There are seven zoned pegmatite dykes. The main, most westerly dyke is 4.5 to 6 m high, 27 m wide and 183 m long. The deposits are of significant merit but will require further exploration and work.
According to the United States Geological Survey (USGS), global end-use markets for lithium include ceramics and glass, batteries, lubricating greases, air treatment, continuous casting and primary aluminum production. Batteries, especially rechargeable batteries, are the market for lithium compounds with the largest growth potential as major automobile companies pursue the development of lithium batteries to power hybrid electric cars.
"We are very excited about the opportunity that exists at the Zoro 1 property," said Tim DeHerrera, President and CEO. "We believe that lithium will become increasingly important as demand for lithium batteries continue to rise. This acquisition could have the potential to increase value for shareholders for many years." More information regarding the Zoro 1 property will become available upon further exploration and work. Further details from the NI-43-101 report regarding the Zoro 1 property will be made available shortly.
For more information on the Zoro 1 property, please refer to the Company’s website at www.forceenergycorp.com or contact Investor Relations.
Force Energy Corporation (FORC) is a Lithium and Hydrocarbon Exploration and Development Company based in Denver, Colorado.
According to the U.S. Geological Survey, the three main global end-use markets for Lithium include ceramics and glass, batteries and lubricating greases. Batteries, especially rechargeable batteries, are the market for lithium compounds with the largest growth potential as major automobile companies continue to pursue the development of lithium batteries to power hybrid electric vehicles.
Force Energy plans to explore and develop its Zoro 1 Lithium property which is located in the Snow Lake area of west-central Manitoba, Canada. Drilling indicated Lithium mineralization on our Zoro 1 property coupled with data from trenching indicate total undiluted tonnage given as 1,727,550 tons of the Lithium bearing mineral which assays at 0.945% Lithium Dioxide.
Force Energy also maintains a 50% working interest in the Hayter Well, located in Alberta, Canada. Force Energy Corporation’s shares are publicly traded on the NASDAQ OTCBB under the ticker symbol FORC.