Lithium Two Project

Under Construction

Lithium Two Project

Overview:

The company’s 100% owned Lithium Two Project is a historical known spodumene (a lithium–rich mineral) bearing pegmatite deposit in southeast Manitoba that was discovered and explored in the late 1940’s. Two main pegmatite bodies exist on the property, the Eagle and the FD No. 5 Pegmatite. In 2016 the company carried out a small ground proofing program to confirm the historic lithium assays. Field surface sampling yielding assays for the Eagle Pegmatite up to 2.44% Li2O and assays up to 3.04% Li2O for the FD No. 5 Pegmatite. For further information on this years exploration program, please review the following release: New Age Metals and Azincourt Energy Lithium Joint Venture Extends the Eagle Pegmatite to the West with Phase Two Sampling Returning Values up to 3.8% Li2O at the Eagle Pegmatite, Cat Lake, SE Manitoba.

See the bottom of this page for some project photos.

Location:

The Lithium Two Project is located approximately 145 kilometres (90 miles) northeast of Winnipeg, Manitoba, Canada and 22 kilometres north of the Tanco Mine Site. The project has good access with an all season gravel road crossing through the project area. The project is one of five lithium projects that the company has in the region. It is located in the northern portion of the Cat Lake – Winnipeg River Pegmatite Field. The southeast area of Manitoba has several active mining camps.

Exploration History:

The area has an exploration history that dates back to 1943 when the original claim was staked. The area was staked and held by several companies.

Geology:

The project is geologically situated in the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite which has been mined since 1969 at the Tanco Mine Site, in various capacities and for various commodities. This pegmatite field is hosted in the Archean age Bird River Greenstone Belt and into the surrounding granites.

LCT Pegmatites are mined around the world for their lithium, tantalum, rubidium and beryllium. The pegmatite is exposed at surface as a series of lenticular spodumene-bearing dykes, over a distance of about 823 metres with widths up to 30 meters. The Eagle Pegmatite has a general strike of 077° and a near vertical dip. The F.D. No. 5 Pegmatite is surface exposed over an area of 27 and 15 metres and is poorly exposed away from the main showing. The unit strikes at 80° with a near vertical dip to the north. The FD No. 5 Pegmatite appears to have not been previously drill tested.

There are several other lithium bearing pegmatites in close proximity to the Lithium Two Project.

Geology of the Lithium Two Project in SE Manitoba - Click to enlarge

Surface sampling over the two pegmatites during the 2016 field season yielded assays for the Eagle Pegmatite up to 2.44% Li2O and assays up to 3.04% Li2O for the FD No. 5 Pegmatite.

Surface sampling over the two pegmatites during the 2016 field season yielded assays for the Eagle Pegmatite up to 2.44% Li2O and assays up to 3.04% Li2O for the FD No. 5 Pegmatite. The lithium content over both sampled pegmatites is extremely positive. As well, tantalum, cesium and rubidium contents are enriched as would be expected from a LCT Type Pegmatite. LCT Type Pegmatites are the deposit types sought for in Lithium Exploration. The Tanco Pegmatite is an LCT Type Pegmatite.

Future Activities:

The Lithium Two Project is a drill ready target. The company plans to drill test the project in late 2018 or early 2019.

To date, the Company has approximately 6,318 hectares (15,612 acres) of mineral claims with lithium mineral potential in the Cat Lake-Winnipeg River Pegmatite Field of southeast Manitoba. The company is the largest mineral claim holder in the Pegmatite Field. As part of Company’s Prospector Generator Model, the company signed an Option/ Joint Venture Agreement with Azincourt Energy in January 2018, and the first years expenditures of 2018/2019 will be $600 000 (CAD).

Option/Joint Venture:

In January of 2018, NAM announced a signed final agreement with Azincourt Energy Corp. (TSX.V: AAZ) for the Manitoba Lithium Projects. (News Release: January 15th, 2018) This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field for Lithium.  Azincourt Energy Corp. as our option/joint venture is financed for and has committed to a minimum of $600,000 to be expended on exploration in Manitoba for 2018.

Exploration Agreement with Sagkeeng First Nation:

On October 22, 2018 NAM and the Sagkeeng Anicinabe Nation (Sagkeeng) signed an Exploration Agreement. The objective of the agreement is to promote a cooperative and mutually respectful relationship concerning certain mineral exploration projects being developed by NAM, and any additional mining claims or properties in which NAM may acquire an interest, located within Sagkeeng Traditional Territory.

Lithium Two is the Second Most Northern Project in the Winnipeg River Pegmatite Field: see above. Graphic is provided by Azincourt Energy, our Option/Joint Venture Partner - Click to enlarge

Spodumene Blades on Surface at Eagle Pegmatite on Lithium Two project - Click to enlarge

Ballpeen Lepidolite from the Silverleaf Pegmatite, Lithium One Project, Manitoba - Click to enlarge

White Spodumene in a Matrix of Quartz and Albite from the Eagle Pegmatite - Click to enlarge

Quick Facts

  • 100% owned
  • Two main pegmatite bodies exist on the property: Eagle and the FD No. 5 Pegmatite
  • Field surface sampling yielded assays for the Eagle Pegmatite up to 2.44% Li2O
  • Assays up to 3.04% Li2O for the FD No. 5 Pegmatite
  • Located 22 kilometres north of the Tanco Mine Site
  • Lithium content over both sampled pegmatites is extremely positive
  • Project is drill-ready
  • Plans to drill-test in 2017
  • Approximately 6,318 hectares (15,612 acres) of mineral claims with lithium mineral potential
  • Negotiations currently ongoing with 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives.
  • Joint Venture agreement signed with Azincourt Energy

Project Photos