Option of the Rupert Lithium Project To Li-FT Power Ltd.
VANCOUVER - Kenorland Minerals Ltd. has entered into an option agreement with Li-FT Power Ltd. to which Li-FT has been granted the sole and exclusive option to acquire a 100% interest in and to the Rupert property, located near James Bay, Quebec.
The Rupert Project covers approximately 155,533 hectares or 1,555 km2 of mineral tenure in the James Bay region of Quebec, and is composed of three separate areas: the Pontax Trend, the Moyenne Trend, and the Whabouchi Trend. The Whabouchi and Pontax trends cover boundaries between the La Grande and Nemiscau geologic subprovinces, which are marked by Archean greenstone belts. The Whabouchi Trend covers ~ 950 km2 of the Lac des Montagnes greenstone belt which hosts the Whabouchi Li-pegmatite deposit (53.6 Mt at 1.45% Li2O total resources and reserves). The Pontax Trend covers ~350 km2 of the Pontax greenstone belt which hosts several Li pegmatite showings. The geology of the Pontax trend is similar to the Whabouchi Trend and has similar characteristics for Li prospectivity. The Moyenne Trend covers an east-trending shear zone which has potential to host Li pegmatites.