Rare Earth Element, Niobium, Tantalum

Property description

The Arques property is composed of one block totaling 127 claims covering an area of 6,362 hectares and a distance of some 18 kilometres in a SW-NE direction. It is contiguous to the Lemare property on its southeast border. The property is traversed in a NE direction by a Hydro-Québec power line and a permanent gravel road that heads north to the Eastmain River and beyond to the La Grande River area. Secondary roads branching off from these also provide access to the property.

The Arques project offers strong lithium potential in a well-established area. The lithium pegmatites tend to occur in swarms in the volcano-sedimentary units. The Arques property covers a large part of the regional volcano-sedimentary unit, a favourable unit that hosts Nemaska Lithium's Wabouchi deposit and the Lemarre showing.

Located in the northeastern part of the Superior geological province, and more specifically in the northeastern part of the Lac des Montagnes Formation, the Lac des Montagnes volcano-sedimentary belt is a sequence of aluminous metasediments and amphibolites containing basalts and ultramafic sills.

These rocks are highly sheared and cut by 20% late granitoids (leucogranite and biotite pegmatite).

Geology

The Lac des Montagnes volcano-sedimentary formation is running just within the South East limit of the Arques Property. The primary observed geology is mainly composed of orthogneisses formed of metamorphosed felsic intrusives. In the winter 2011 a major alkaline intrusion, the Arques Complex, was identified by diamond drilling.

Mineralization

The recently identified Arques Alkaline Complex shows similar characteristics of other deposits which are known for Rare Earth Elements (REE), Niobium (Nb) and Tantalum (Ta) mineralization. If the Company's planned exploration proves their presence, the Arques Complex will become the main exploration target on the Lac Arques Property.

Technical Report

NI 43-101 (Lac Arques - October 5, 2009 and Updated on December 14, 2009)