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Critical Elements and Natan to explore Duval lithium property in Quebec
Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) announced they have entered into an option agreement that gives Natan the right to acquire up to a 70% interest in the Duval project, located south-west of and contiguous to the Nemaska Lithium Whabouchi Deposit.
Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) announced they have entered into an option agreement that gives Natan the right to acquire up to a 70% interest in the Duval project, located south-west of and contiguous to the Nemaska Lithium Whabouchi Deposit.
As quoted in the press release:
The Duval property is comprised of two blocks totaling 46 claims, with a total area of 2,458.92 hectares covering a distance of approximately 7 kilometres along a SW-NE axis. It lies two kilometres south of the Route du Nord and is served by a Hydro Quebec power line and a gravel road, which cross the southern half of the block in a southeasterly direction. The Duval main block can be accessed by the road leading to Lac des Montagnes and then by boat. An old winter road along the SE shore of Lac des Montagnes has been refurbished and can be used for winter drilling on the main block.
The property covers a large part of the regional volcano-metasedimentary unit, known to be the host for Nemaska Lithium’s Wabouchi deposit and the Lemarre showings. The presence of this favorable lithology within the Company”s claims and being along strike from Nemaska”s successful exploration, increases the potential for the discovery of similar significant mineralization.
Critical Elements President and CEO, Jean-Sébastien Lavallée, stated:
This option agreement with Natan will allow the Duval property to be explored in detail for a Lithium Pegmatite discovery. Critical Elements is currently focused on the development of its Rose lithium-Tantalum project. With Natan farming into the Duval project, shareholders of both companies will be able to benefit from successful exploration of a highly prospective project.
Connect with Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) to receive an Investor Presentation.
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