TNR Gold will transfer the following properties into ILC:
· Mariana
· Forgan Lake
· Niemi Lake
· Mavis Lake
· Moose 2
· Fish Lake Valley
· Mud Lake
· Sarcobatus Flats
· Leinster (Ireland)
· Lithium and rare metal projects – TNR has nine early stage lithium brine and rare metal projects in all the right areas: Lithium brine in Argentina, lithium brines in Nevada, and rare metal/lithium pegmatites in Canada and Ireland. http://www.mining.com/tnr-gold-spin-out-ilc-looks-attractive/
Nevada Projects
Three lithium brine projects — Fish Lake, Mud Lake and Sarcobatus Flats — are in Nevada.a total 48 sq. km. The projects sit near Chemetall-Foote’s Clayton Valley lithium brine operation, which has been the only lithium producing brine in North America since 1967.
Mud Lake
The Mud Lake Project is located 16 kilometres southeast of Tonopah in the Ralston Valley, Nevada covering 2,914 hectares in Nye County and is readily accessible year round. The Ralston basin, which contains Mud Lake, appears to have similar geological features that provided both a source and trap for lithium brines found in Clayton Valley which is located 47 kilometres west from the property. Chemetall-Foote Corp’s Silver Peak operation, located in Clayton Valley, is the only lithium brine producer in North America and has been in operation since 1966.
The Sarcobatus Flats Project
is a desert playa (dry lake bed) located in Nye County, western Nevada along state route 95 approximately 109 kilometres south of Tonopah and 72 kilometres southeast of Clayton Valley and consists of 105 placer claims totaling 1,076 hectares. Highly anomalous concentrations of lithium, ranging between 210 and 340ppm Li, have been encountered from a preliminary surface sediment sampling program conducted on the Sarcobatus Flats claim group. As with the Company’s other Nevada projects, there are many close similarities between Sarcobatus Flats and a Clayton Valley type lithium brine deposit. The property is located in a closed structural basin, contains similar stratigraphy and occupies a lacustrine environment with the same regional hydrogeography and geochemistry as Clayton Valley. In essence, Sarcobatus Flats represents an under-explored early stage analogue to Clayton Valley.
The Fish Lake Project
is located 75 kilometres southwest of Tonopah in the Fish Lake Valley, Nevada covering 1,295 hectares in Esmeralda County. International Lithium believes Fish Lake Valley has similar geological features that have acted as a trap for lithium brines in Clayton Valley 35 kilometres to the east. The United States Geological Survey (USGS) sampling at Fish Lake Valley in 1976 found lithium brines on surface. One of these samples, located on TNR claims, contained 200 parts per million (ppm) lithium. This shows that modern Fish Lake Valley has geological and climatic conditions where lithium brine can form. At Clayton Valley drilling has shown that as climatic conditions went through cycles, successive layers of lithium bearing evaporates were deposited.
other projects..
Moose 2 Moose Project Description
The 4,637-acre Moose project is located 115 kilometres east-southeast of Yellowknife in the Northwest Territories, on the shores of Great Slave Lake, which allows relatively easy access to the property by barge in the summer and ice roads in winter. The Moose project lies in an area known for lithium, tantalum, niobium with minor tin and beryllium mineralization associated with zoned pegmatite dykes
A brief property visit was performed at the end of July 2009 to survey and sample the Moose 1 and Moose 2 pegmatite dikes in order to confirm the high grade lithium content as well as the potential for the area. The areas of sampling were concentrated where pegmatite was visibly exposed and did not require any stripping.
The Moose 2 pegmatite ranges up to 25-30m in width and strikes some 427m in length. The core of the pegmatite is commonly very coarse-grained and within the wall of the northern portion of the Moose 2, Spodumene (Li) crystals were observed up to 4m in section. Two channel samples were collected with the highest returning a grade of 1.96% Li2O over 1.7 metres.
The Moose 1 pegmatite, located 1.2 kms west of Moose 2, ranges up to 15m in width and strikes almost 300m. The Moose 1 dike trends under a swamp to the south and remains open in this direction. Two composite samples were collected at Moose 1. One returned a value of 2.07 wt% Li2O across a 6.7 metre interval and the second returned 3.77 wt% Li2O over 1 metre.
The exploration program is being directed by Dr. Fred Breaks, a special advisor to the TNR Board. Dr. Breaks is a Ph.D. and Professional Geoscientist who is well known as a Lithium and Rare Metals expert in Canada. A proven explorer, he discovered two significant lithium-rich deposits: Avalon Venture Ltd’s Big Whopper pegmatite near Kenora, Ontario and Houston Lake Mining Inc’s Pakeagama Lake pegmatite in the North Spirit Lake area of Northwestern Ontario. His ability to create exploration models of lithium-rich, pegmatite deposits was developed during his career at Ontario Geological Survey where he authored and coauthored over 120 peer-reviewed scientific papers.
ABOUT FORGAN & NIEMI LAKE
The Forgan and Niemi Lake projects are located east of Forgan Lake within the Thunder Bay District of Ontario. Forgan Lake has four previously explored spodumene-bearing pegmatites yielding positive results such as 4.23% Li2O over 7.5 m and and two samples 68.6 m farther southwest averaging 1.98% Li2O over 7.6 m.
Furthermore, all identified pegmatites have not been fully delineated at Forgan Lake and thus the extent of the deposits remains open. All identified historic work preformed by Lun-Echo Gold Mines Ltd analyzed drill core exclusively for Li2O.
Historic drilling on the Niemi project, also undertaken by Lun-Echo Gold Mines Limited, returned values of 4.72m of 1.02% Li2O and 1.52m of 2.0% Li2O.
