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QUEBEC CITY, QUEBEC--(Marketwire - March
23, 2010) - Nemaska Exploration Inc. (Nemaska or the Corporation) (TSX
VENTURE:NMX) is pleased to announce that it has completed over 9,000 m
of drilling (45 holes) that covers 1,150 m of strike on its Lithium/Beryllium
(Whabouchi project) since January 15, 2010. An updated map showing the
location of the works and recent pictures taken on the project will be
posted shortly on the Corporation's web site www.nemaskaexploration.com.
The spodumene bearing pegmatite zone of the Whabouchi property is now
confirmed over more than 1,150 m along strike with a width of up to 90
m for the main zone, and a dip of 70 to 80 degrees South-East. Each
section has between 2 and 4 drill holes and the continuity of the
mineralization has been established to a depth of 230 m. Four (4) other
parallels spodumene bearing pegmatite dykes with widths of up to 27m
were also intersected. All zones remain open in all directions.
"The work is progressing at an excellent pace and we are very
encouraged by the continuity, average width and dip of the main zone.
We continue to see very good lithium grades over significant widths and
drilling has confirmed the presence of at least 4 additional parallel
zones as well as interesting beryllium and rubidium values,"
commented Mr. Guy Bourassa, President and CEO. "The results from
the other drill holes are pending and will be published as soon as they
are available."
The first results from 9 holes completed in January and February 2010
are reported in the table below.
--------------------------------------------------------------------- ---- Core True Length Widths Be Rb Hole Number Section From (m) To (m) (m) (m) Li2O% ppm ppm --------------------------------------------------------------------- ---- WHA-10-08 Results pending -------------------------------------------------------------------------- WHA-10-09 9+00 E 6,6 12 5,4 4,46 1,38 142 839 --------------------------------------------------------------------- ---- 82,3 93,8 11,5 11,10 1,77 144 1206 --------------------------------------------------------------------- ---- WHA-10-10 9+00 E 14,54 39 24,46 23,60 1,70 123 921 --------------------------------------------------------------------- ---- WHA-10-11 7+00 E 119 134,5 15,5 13,46 1,19 86 878 --------------------------------------------------------------------- ---- 151,8 156,54 4,74 4,11 1,24 110 1103 --------------------------------------------------------------------- ---- WHA-10-12 7+00 E 27,76 55 27,24 23,65 1,45 169 1303 --------------------------------------------------------------------- ---- 64,45 69 4,55 3,95 2,70 135 762 --------------------------------------------------------------------- ---- 86,25 98 11,75 10,20 1,78 136 1149 --------------------------------------------------------------------- ---- WHA-10-13 7+00 E 3,8 14,6 10,8 9,38 0,74 157 1355 --------------------------------------------------------------------- ---- 22,4 34,3 11,9 10,33 0,36 68 590 --------------------------------------------------------------------- ---- WHA-10-14 6+00 E 1,5 19 17,5 14,04 1,60 151 1179 --------------------------------------------------------------------- ---- WHA-10-15 4+50 E 62,5 69,5 7 6,12 1,70 123 1980 --------------------------------------------------------------------- ---- 111 198,5 87,5 76,50 1,39 151 1244 --------------------------------------------------------------------- ---- WHA-10-16 Results pending -------------------------------------------------------------------------- WHA-10-17 Results pending -------------------------------------------------------------------------- WHA-10-18 2+50 E 38,7 42,9 4,2 3,37 1,80 125 637 --------------------------------------------------------------------- ---- 73,4 97,5 24,1 17,80 1,81 154 1466 --------------------------------------------------------------------- ---- WHA-10-19 2+50 E 89 112,8 23,8 19,10 1,65 139 1455 --------------------------------------------------------------------- ---- 181,6 207 25,4 22,80 1,62 139 1363 --------------------------------------------------------------------- ---- 244 248,1 4,1 3,29 1,42 161 1274 --------------------------------------------------------------------- ----
Previously announced drill holes completed
in October 2009 are below.
--------------------------------------------------------------------------- Core True Length Widths Be Rb Hole Number Section From (m) To (m) (m) (m) Li2O% ppm ppm --------------------------------------------------------------------------- WHA-09-01A 13+50 E 48,37 55,3 6,93 5,55 1,51 128 N.A. --------------------------------------------------------------------------- WHA-09-02 13+25 E 19,5 22,38 2,88 2,31 1,46 174 N.A. --------------------------------------------------------------------------- WHA-09-03 4+50 E 3,93 6,77 2,84 2,27 1,33 163 N.A. --------------------------------------------------------------------------- 17,32 118,24 100,92 80,80 1,45 147 N.A. --------------------------------------------------------------------------- WHA-09-04 4+50 E 14,24 48,2 33,96 24,40 1,68 167 N.A. --------------------------------------------------------------------------- 59,14 76,06 16,92 15,80 1,44 137 N.A. --------------------------------------------------------------------------- WHA-09-05 3+50 E 40,92 53,05 12,13 9,70 1,02 131 N.A. --------------------------------------------------------------------------- 103,76 169,1 65,34 49,80 1,75 180 N.A. --------------------------------------------------------------------------- WHA-09-06 6+00 E 19,67 22,96 3,29 2,54 1,55 261 N.A. --------------------------------------------------------------------------- 33,77 47,52 13,75 10,60 1,52 134 N.A. --------------------------------------------------------------------------- 60,6 81,36 20,76 16,00 1,64 153 N.A. --------------------------------------------------------------------------- WHA-09-07 6+00 E 91,48 95,9 4,42 3,69 1,76 152 N.A. --------------------------------------------------------------------------- 105,94 163,5 57,56 48,00 1,40 113 N.A. ---------------------------------------------------------------------------
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 and
reviewed by Claude Britt, P. Geo. and qualified person 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 30,000 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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