Both the Wali Project and the Ernst Lake Project sit on extensions of structures hosting high-grade intersections and with numerous outcropping pegmatites observed
James Bay Lithium District, Quebec
The Wali Lithium Project and the Ernst Lake Lithium Project are both located in the highly sought-after James Bay Lithium District, Québec.
- James Bay is undoubtably the most exciting emerging lithium province globally with circa $100m earmarked to be spent by explorers this year
- Region hosts major resources including key lithium players such as Allkem with circa 40Mt James Bay project grading 1.4% Li2O
- Region has seen numerous new discoveries including Patriot’s CV5 (close to Wali) and Winsome’s Adina (close to Ernst Lake)
- Resource Base seeking to identify and prioritise prospective targets for a maiden exploration program in early June
- Wali shares the same greenstone as Cosmos’ highly prospective Corvette Far East Project
- The James Bay region in Quebec is ideally located to service both planned and existing North American lithium ion battery initiatives
The Wali Lithium Project comprises 100 mineral claims totalling 5,112 hectares (51.12 Km2) located in the James Bay Region of northern west-central Québec.
The Wali Project is located in the La Grande sub-province of the Superior Province, ~16km east of Patriot Battery Metals (ASX:PMT) Corvette prospect (Figure 2). The Property sits along the volcanic belt and encompasses various intrusive suites including the lithium pegmatite prospective source rocks of the Vieux Comptoir Granitic Suite which have been mapped on the property.
Regionally, the Vieux Comptoir Granitic Suite is known to host K-feldspar granite phases in pegmatite form which may host an abundance of spodumene. Wali is underlain by the source rock (Vieux Comptoir suite) which would have injected pegmatite dykes into those greenstone rocks in the region.
Geologically, the greenstone within the Wali Project is interpreted to be a ‘dismembered’ section of the same greenstone belt that hosts Patriot’s CV5 discovery.
Both greenstone belts occur at the contact between the intrusive tonalite to the south and granodiorite to the north, both of which may be the source granites for the unusually large Lithium-Cesium-Tantalum (LCT) pegmatites in the area. This geological interpretation strongly supports the prospectivity of the Project for further lithium discoveries.
Ernst Lake Project
The Ernst Lake Lithium Project comprises 109 mineral claims totaling 5,631.72 hectares (56.31 Km2), located in the James Bay Region of northern west-central Québec.
The Ernst Lake Project is located directly along the Trieste formation like recent lithium discoveries made by Winsome Resources Limited (ASX: WR1) on its Adina project. The Project is located just 13km south of the Adina Project partly within the same greenstone belt which is prospective for lithium with over 10km of strike (Figure 3).
Geologically, the greenstone within the Ernst Lake Project is interpreted to be the south section of the same greenstone belt that hosts Winsome’s Adina discovery.