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QUEBEC CITY, QUEBEC--(Marketwire - March
31, 2010) - Nemaska Exploration Inc. ("Nemaska" or "the
Corporation") (TSX VENTURE:NMX) is pleased to announce that the
most recent results from its current drill program on its
lithium/beryllium (Whabouchi project, 100 % owned) continues to prove
the high-grade, impressive width and continuity of the mineralized
zone. Nemaska has received an additional 1,057 results from 15 holes.
The latest results include 52.3 m at 1.85% Li2O, 165 ppm Be and 1579
ppm Rb and 22.8 m at 1.91 % Li2O, 130 ppm Be and 1503 ppm Rb.
"I am very pleased with the grade and width of our drill results
to date which favourably compare to any other spodumene bearing
pegmatite project currently in development around the world",
commented Mr. Guy Bourassa, President and CEO. "The current
drilling should be completed by mid-April, allowing us to finalize the
resource calculation presently underway. I am also pleased to see that
the Be and Rb grades remain constant throughout the entire zone and I
believe this will significantly impact the value of the project".
Since October 2009, the Corporation has completed over 11,115 m of
drilling in 56 holes covering 1,300 m along strike on 25 sections and
to a depth of 230 m. More than 5,400 samples have been sent for
analysis and results of 3,900 have been received. To date the best
intersections reported by Nemaska are: 100.9 m at 1.45% Li2O
(confirming Canico historical hole at 83.5 m at 1.45% Li2O), 87.5 m at
1.39% Li2O, 65.34 m at 1.75% Li2O and 57.56 m at 1.52% Li2O. An updated
map and a picture showing the location of the drill sections can be
accessed at http://media3.marketwire.com/docs/Plan_surface_photo_montage.pdf.
These drill results confirm that the main zone runs from section 1+50 E
to the section 13+50 E with an average grade ranging between 1.50% to 2
% Li2O. The main zone has a width of 10 to 20 m from section 1+50 E to
3+00 E and becomes wider and reaches 80 m on section 4+75 E and back to
10 m to 20 m at section 13+50 E. Four (4) other spodumene bearing
pegmatite zones with variable widths, reaching up to 27 m, have been
identified south of the main zone. All zones remain open at depth and
to the East.
The intersections equal or greater than 5 m in these 15 additional
holes are reported in the table below:
-------------------------------------------------------------------------- Core True From length Widths Section Hole (m) To (m) (m) (m) Li2O % Be ppm Rb ppm -------------------------------------------------------------------------- 9+00 E WHA-10-08 39 46 7.0 5.8 1.78 121 436 -------------------------------------------------------------------------- 9+00 E 53.9 70 16.1 13.4 1.67 130 451 -------------------------------------------------------------------------- 9+00 E 160.6 174.3 13.7 11.7 1.48 158 1196 -------------------------------------------------------------------------- 4+50 E WHA-10-16 16.4 41.3 24.9 21.5 1.63 183 1218 -------------------------------------------------------------------------- 12.2 3+50 E WHA-10-17 1 13.5 12.5 (ii) 1.65 62 854 -------------------------------------------------------------------------- 1+50 E WHA-10-20 93.7 99.8 6.1 5.5 2.20 118 1052 -------------------------------------------------------------------------- 1+50 E WHA-10-21 78.1 92 13.9 11.5 1.31 132 1758 -------------------------------------------------------------------------- 1+50 E 191.8 209.8 18.0 15.0 1.71 155 1297 -------------------------------------------------------------------------- 3+50 E WHA-10-22 32.9 47 14.1 11.3 1.82 126 2365 -------------------------------------------------------------------------- 3+50 E 74.5 86.7 12.2 9.8 1.59 149 1760 -------------------------------------------------------------------------- 3+50 E 125.9 131.7 5.8 4.6 1.98 136 1214 -------------------------------------------------------------------------- 3+50 E 177.4 229.7 52.3 46.2 1.85 165 1579 -------------------------------------------------------------------------- 2+50 E WHA-10-25 4.5 19.5 15.0 11.5 1.76 149 2035 -------------------------------------------------------------------------- 7+00 E WHA-10-27 213.7 222.8 9.1 7.1 1.49 178 1156 -------------------------------------------------------------------------- 7+00 E 232.8 239.7 6.9 6.0 1.69 139 1303 -------------------------------------------------------------------------- 9+00 E WHA-10-30 251.9 261.7 9.8 7.8 1.83 151 1277 -------------------------------------------------------------------------- 10+00 E WHA-10-32 70.3 78.8 8.5 8.2 1.41 200 732 -------------------------------------------------------------------------- 10+00 E 104.3 116.3 12.0 11.5 1.52 175 1350 -------------------------------------------------------------------------- 10+00 E 172.2 186 13.8 13.2 1.63 112 1093 -------------------------------------------------------------------------- 10+00 E 200.8 207.8 7.0 6.7 1.93 143 1557 -------------------------------------------------------------------------- 12+00 E WHA-10-35 79.3 97.5 18.2 15.4 1.62 162 1615 -------------------------------------------------------------------------- 11+00 E WHA-10-36 161.9 176.1 14.2 14.0 1.83 178 1170 -------------------------------------------------------------------------- 8+00 E WHA-10-38 185 193 8.0 7.2 1.44 130 1048 -------------------------------------------------------------------------- 8+00 E 214.6 230.7 16.1 14.2 2.20 163 1039 -------------------------------------------------------------------------- 8+00 E WHA-10-40 142.4 153 10.6 10.2 1.88 150 891 -------------------------------------------------------------------------- 8+00 E 157.1 163.8 6.7 6.3 1.32 164 1239 -------------------------------------------------------------------------- 11+00 E WHA-10-44 93.4 116.2 22.8 22.5 1.91 130 1503 --------------------------------------------------------------------------
The
intersections in bold are from the main zone
(ii)Hole started in the mineralized zone.
The Company has reported the intersections lengths as well as the best
estimates of the true widths given the current understanding of the
geology. The drill holes were done at an average azimuth of 330 degrees
and a dip of 50 degrees. The pegmatite bands have generally an azimuth
of 060 degrees and a South-East dip of 70 degrees to 80 degrees.
The samples have been shipped for preparation (crushing and
pulverization) to the Table Jamesienne de Concertation Miniere (TJCM)
lab in Chibougamau. The prepared samples are then sent by courier to
the Toronto laboratory of SGS Mineral Services, Ontario, for lithium,
beryllium and rubidium analysis by sodium peroxide fusion method. This
laboratory is recognized by industry and accredited ISO/MEC 17025: 2005
by the Canadian Council of standards. Nemaska Exploration implements a
rigorous quality control protocol to its operations, including the
insertion of analytical control samples, duplicates and blanks and
follow-up on the results of these assays.
The technical sections of this press release have been prepared by Yvan
Bussieres, P. Eng and reviewed by Claude Britt, Geo. qualified persons
as defined in National instrument 43-101.
About Nemaska Exploration
Nemaska Exploration Inc. is a mineral exploration company involved in
the James Bay region of Quebec. Its main assets are the Lac Arques
(about 32,000 hectares), Whabouchi (about 1,600 hectares) Lac Levac and
Lac des Montagnes properties (about 32,000 hectares) all 100 % owned.
These properties are contiguous and cover about 70 km of the Lac des Montagnes
green belt polymetallic formation. They are easily accessible year
round by either the Route du Nord from Chibougamau (280 km) or the
Route de la Baie James from Matagami (380 km) and are located near the
Cree community of Nemaska and the Nemiscau airport.
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and
so involve inherent risks and uncertainties, as disclosed under the
heading "Risk Factors" in the Company's periodic filings with
Canadian securities regulators. Actual results could differ from those
currently projected. The Company does not assume the obligation to
update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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