DEVELOPING PROJECTS FOR THE FUTURE
THE CAT-EUCLID LAKE PROJECT CLAIMS
The Cat-Euclid Lake Project includes 6 claims totaling approximately 2,930 acres in the northern limb of the Bird River Greenstone Belt located in southeastern Manitoba, Canada.
ACME has granted Snow Lake Lithium the option to earn up to a 90% interest in 37 mineral claims totaling approximately 17,000 acres (70 square km) over a two-year period for its project claims at Shatford, Birse, and Cat-Euclid Lake.
PROMISING TRENDS
- The claims straddle the prospective Cat-Euclid Lake shear zone and extend along the southeasterly trend of known pegmatite occurrence
- To the west of the project, Australia’s Mineral Resources Limited (MRL), one of the world’s leading lithium producers with a market capitalization of over AUD$8 billion recently signed a joint venture agreement with Lithium Canada Development (New Age Metals Inc.)
- Further south, the project neighbors Tanco Mine, which was was purchased by Sinomine Corporation in 2019; pegmatite ore body was discovered in the late 1920s and Tanco Mine has been mining there since 1929
- The region hosts hundreds of individual pegmatite bodies, many of which are classified as complex rare-element Lithium-Cesium-Tantalum (LCT) pegmatites – known to account for a quarter of the world’s lithium production
MANITOBA SUMMER 2022 EXPLORATION PROGRAM
- ACME completed an extensive summer 2022 exploration program employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling
- Our exploration focus has been on spodumene-bearing LCT pegmatites that are a source for high quality lithium that can be converted to lithium carbonate
- Dias Airborne Ltd. carried out a high-resolution airborne full tensor magnetic gradiometer survey over two survey areas using their QMAGT system
- The geophysical program was designed to map and characterize the variation in magnetization throughout the survey area towards interpreting structure, lithology, and alteration
- The Shatford – Winnipeg River structure is analogous to the Bernic Lake high strain zone that is interpreted to be related to the Tanco pegmatite
- A priority area, referred to as Shatford East, is part of an approximately 7 km curvilinear structural feature on the claim block with multiple observations of pegmatites containing anomalous lithium
MANITOBA WINTER 2023 DRILL PROGRAM
- Exploration agreement signed with the Sagkeeng First Nation
- Drilling commenced at Shatford and Birse Lake in January 2023 based on findings from the Summer Exploration Program and the Winter 2023 Drill Program was completed in April 2023
- Eight holes were completed totaling 3,280 m of diamond drilling
- Analyses from an independent lab were received in June 2023 for 235 samples
- 26 pegmatites were intersected in 6 of 8 holes, but without visible or economic grade lithium
- Two areas stand out for further review and ongoing exploration
- Drill Program demonstrated magnetic signatures mapped both stratigraphy and structure related to the LCT pegmatite targets
- Two holes in the winter drilling program were successful in intersecting pegmatites occurring along approximately 45 degree cross structures within the main Shatford Lake shear zone, with contingent drilling recommended
- Zones of structural extension and dilation are prime targets for possible pegmatite intrusion