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Deep within the wilds of Northern Canada the local Quebec Government had the long term plan to take the Champion Basin and build a huge dam to provide electrical power to the province and to be able to export electricity south to the United States. The Champion basin was never permitted or explored for mineralization because the government always considered this as sub-terrain property; the government withdrew its long term plan for the basin a few years ago and recently opened it up to exploration.
This part of the Canadian Shield is unique as the rock is in a gneissic formation between a volcano-sedimentary belt and the Champion Lake granitoids. As the southern area was explored a world class Lithium mine was discovered in 2009 and proven in 2010. This massive discovery owned by Nemaska Exploration( NMK.v NMKEF.pk)has proven reserves for a 15 year mine and has claimed the title of
‘The Largest Lithium Mine in North America’.
Down strike from this latest discovery is a vast expanse of claims totaling in size of 45 square miles, a property known as the Abigail Property held by Tucana Exploration (OTGI.OTC:BB).
The size of this property, and the on trend positioning of the rock formations, make this a truly unique target to explore. The odds are growing better and better for a major strike on this property as most lithium deposits are found in clusters and this greenbelt zone is about to give up its secrets after being unexplored in the past. Added to that the man behind the Lithium deposit, now called Nemaska Exploration, is also the man behind the scenes at Tucana Explorations, working and steering this company forward with an aero magnetic flyover soon to be scheduled by the company.
Chances are growing much better for the entire Lithium Industry with a lithium processing mill to be built on the Nemaska property next summer. The world hunger is growing for this unique power source in mineral form, and off-take agreements have been put in place for financing the startup mill.
Disclaimer: this article was written by an associate of Tucana Exploration for informational purposes only.
