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As of April 1, 2017

Currently Issed and Outstanding 53,874,956
Warrants  10,534,026
Options 2,667,000
Fully diluted 67,075,982

The Property consists of 104 mineral claims covering four blocks, totalling approximately 5,536 hectares (13,681 acres) near Eastmain, Quebec.

The Pontax River Lithium Property encompasses the southwestern portions of an approximately 100 km long belt of meta- volcanics, which may be considered part of the Eastmain River Volcanic Belt. The Eastmain belt is host to numerous gold occurrences, while the region is centrally located to a number of high profile lithium deposits (Galaxy Resources James Bay Deposit, Nemaska’s Whabouchi Deposit, and Critical Element’s Rose Deposit).

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The Property lies between 5 and 30 kilometres southwest of, and on trend, from Stria Lithium’s Pontax Lithium   Showing   (spodumene-bearing   pegmatite),   which  was  discovered   in  2007.  Stria  Lithium subsequently advanced the discovery with seven drill holes, returning a best intercept of 0.97% Li2O over21.0 m, including 1.43% Li2O over 13.0 m, from drill hole 09-555-05. The Company’s Pontax Property is  also  about  30  kilometres  south  of  the  James  Bay  Deposit,  which  is  reported  to  contain  indicated resources of 11.8 million tonnes (Mt) at 1.30% Li2O, and inferred resources of 10.5 Mt at 1.20% Li2O at a 0.75% Li2O cut-off (Galaxy Resources; Technical Report dated December 30, 2010).

The Property was acquired to follow up on several outcrops of white pegmatite that were identified during a gold and base metal exploration campaign along the Pontax Greenstone Belt in 1975. A review of high- resolution satellite imagery has identified the locations of historically defined pegmatite outcrops as well as indicating numerous other potential pegmatite occurrences not previously mapped.

In addition, the northernmost  part of the Property  covers pegmatite  outcrops identified  as tourmaline- bearing  pegmatite   during  a  1999  government   mapping   campaign.   These  pegmatite   outcrops   are approximately 1 kilometre away from a spodumene- and tourmaline- bearing pegmatite outcrop that was identified in the same regional mapping survey.

 

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In general, historic exploration of the Property for gold, lithium, and other commodities is considered minimal. Moreover, the Property has not been explored for lithium by any reported historic exploration campaigns.

Management  cautions  that past  results  or discoveries  on adjacent  properties  may  not necessarily be indicative to the presence of mineralization on the Company’s properties.

 

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The 2354 hectare claim is on the eastern edge of the Athabasca Basin, adjoining to the south, Cameco’s Mitchell Lake Zone and 2.2km to the south, UEX’s West Bear Deposit.  Significant exploration projects in the immediate include UEX’s Hidden Bay Project, Fission’s Minor Bay Project, Pitchstone’s Martin, as well as Projects controlled by Denison Mines and JNR Resources.
 
The West Bear Deposit, located in the southernmost part of the Hidden Bay property, is a classic unconformity-hosted uranium deposit which is developed under shallow Athabasca sandstone cover above a conductive graphitic gneiss unit. The deposit occurs along a conductive, graphite-bearing gneiss unit where it intersects the overlying Athabasca sandstone along the southern margins of the Dwyer Dome. A N.I. 43-101 compliant Preliminary Feasibility Study (Golder Associates Ltd. 2010) of the West Bear Deposit gives a resource estimate to a Probable Mineral Reserve estimate of 1,492,261 pounds of U3O8 grading 0.94% U3O8 at a cut-off of 0.18% U3O8 which represents 96% of the mineral resource. The high conversion rate reflects the near-surface nature of the West Bear mineralization which is amenable to shallow, open-pit mining. The study also reports metallurgical testing resulting in an estimated overall uranium recovery of 95%.

 

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The Mitchell Lake Zone lies just 400m south of Unity’s Mitchell lake Project. In 1977, Noranda Exploration intersected downhole uranium mineralization; drill hole ML5-77 encountered uranium mineralization from 186.3 to 189.3 ft (56.8 to 57.7 m) depth. U3O8 content varied in grade from 0.12% to 0.04%. The intersection also contained minor Ni, Cu, and As values. This zone is currently controlled by Cameco Corporation.  The Zone appears to be fault controlled, with notable magnetic and EM features located to the north, on Unity’s ground. The Company plans to provide a more detailed analysis in the near term.

Dr. Peter Born P.Geo., the Company’s Qualified Person and Director, has not reviewed the original drill logs, assays or core of historic drilling  of the Mitchell Lake Zone or the West Bear Deposit.  Geological and exploration information contained in this release is derived from sources believed to be credible.

Slave Province Map webThe Hidden Lake Lithium Property consists of two mineral claims, totalling approximately 1,100 hectares. It is located just north of Highway 4, approximately 40 km northeast of the city of Yellowknife, NT. The property is highly prospective for spodumene-bearing lithium pegmatites. The lithium potential of pegmatites within the Yellowknife area was first recognized in the mid-1950’s, when a number of the region’s pegmatites were sampled and found to contain highly anomalous concentrations of lithium. Prior to 1955, small shipments of lithium ore were reported for two deposits within the region (Mulligan, 1965; p.6). It was also at this time that several pegmatites were identified at the Hidden Lake Property.

At Hidden Lake, the LU#12 pegmatite was mapped and sampled over an approximate exposure that measures 10 by 300 meters. Seven samples were collected from surface trenches, and contained between 1.37 and 3.01% Li2O. The very high grades of lithium were attributed to observed concentrations of coarse-grained spodumene. Crystals up to 36 inches long were noted, with visual estimates across the dyke(s) in some places of 20 to 35%.

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Photo Gallery

 

NI 43-101 Disclosure

Neil McCallum, P. Geo. of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of this technical information

 

frac sand thumbLocated near the town of Golden in south-eastern British Columbia. The property comprises an area of 3,212 hectares that covers over 4 kilometers of the favourable Mt. Wilson Quartzite Formation (MWQF), known to consist of fine-grained higher purity white quartzite.

Whilst the neighbouring Moberly silica mine has historically produced feedstock for manufacturing silica metals and high quality glass products, production has been steadily increasing and shifting to meet the ever growing demand for frac sand in the continental west.

Testing above the 98.5% threshold for metallurgical grade silicon, the Mt. Wilson Quartzite within the Zim Frac property has demonstrated potential to provide shareholders early in exposure to this robust market demand. The property has excellent access and is located just a few kilometers NE of Golden, BC, where rail transport provides competitive access to western and mid continental frac sand markets.

 

Highlights:

 

5 km east north east of Golden, British Columbia

Accessible by ranch and logging roads

Heemskirk Canada’s Moberly silica mine is located directly adjacent to our property. The Silica from this open pit operation is suitable for frac sand production of 20/40; 30/50; 40/70 and 100 mesh. Additional high-purity silica products include, glass sands, silica metals, and golf course bunker sand

Structurally repeating Mt. Wilson Quartzite strikes north north west

Mt. Wilson Quartzite has produced silica for metallurgical and other grades for the past 60 years

 

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KM4435 Results Summary - Sep  5 2014
 
 
 
 

Map Gallery:

 

 

 

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