V:HMI - Hinterland Metals Inc.

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    Hinterland Metals acquires Li claims in Quebec

    2016-06-22 09:59 ET - News Release


    Mr. Mark Fekete reports

    HINTERLAND ACQUIRES LITHIUM CLAIMS IN MOUNTAIN LAKE BELT, QUEBEC

    Hinterland Metals Inc. has acquired 40 mineral claims (2,136 hectares) prospective for pegmatite-type lithium mineralization. The claims are located in the James Bay area of Quebec approximately 40 kilometres southeast of the village of Nemaska, which is linked to Chibougamau, 300 kilometres to the south, by an all-season gravel road. Other infrastructure in the area includes numerous gravel roads, an airport, and high-voltage hydroelectric transmission lines and substations all maintained by Hydro Quebec.

    The claims lie on the south margin of the volcano-sedimentary Mountain Lake belt and are roughly 15 kilometres southeast of Nemaska Lithium Corp.'s Whabouchi hard-rock lithium project, which contains measured plus indicated resources of 27,991,000 tonnes of 1.57 per cent lithium dioxide (see Nemaska press release dated Jan. 15, 2014). Nemaska recently released a positive feasibility study that includes the construction of a mine and concentrator at Whabouchi and a hydrometallurgical plant in Shawinigan, Que. (see Nemaska press release dated June 9, 2016).

    Exploration work will commence immediately on the claims with a compilation of regional data and exploration previously done over the area of the claims. None of this prior exploration work, which includes geophysical surveys and diamond drilling, considered the potential for pegmatite-type lithium mineralization on the claims. Hinterland will be re-evaluating the previous data in this context.

    Mark Fekete, PGeo, is the designated qualified person as defined in National Instrument 43-101 that reviewed and approved the technical content of this release
     

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