Home Company News Cardiff Energy Corp. Acquires Eastmain River Lithium project in Quebec And Provides Clayton #1H Update

Cardiff Energy Corp. Acquires Eastmain River Lithium project in Quebec And Provides Clayton #1H Update


CARDIFF ENERGY CORP. (the “Company”) (TSX-V: “CRS”, Frankfurt: “C2Z.F”, US Pinksheets: “CRRDF”)
is pleased to announce the acquisition of the Eastmain River Lithium Project from Zimtu Capital Corp. (TSX-V: “ZC”). The Eastmain River Lithium Project comprises 22 mineral claims encompassing approximately 2,860 acres in Quebec, Canada. The Eastmain River area consists of a 4km zone of irregular cross cutting dikes of spodumene pegmatites, up to 60 meters wide and over 100 meters long. As reported by Pelletier a geologist who evaluated the area in 1977, 277 samples were taken with an average Li20 content of 1.7%. No drilling has been done on the property to date.

The Eastmain River Li Project is situated in the lower Eastmain greenstone belt, part of the northeastern portion of the superior province. Rock types mainly consist of amphibolite facies, felsic metavolcanics and metasedimentary rocks. Outcrop exposure is extraordinary in the area with pegmatites crosscutting at surface.
The pegamatites of the Eastmain River area are almost always spodumene bearing and enriched in light elements such as Li, Be, Na, and B, some crystals exceeding one meter in length. Slow cooling crystallization of magmatic fluids is the cause for the megacrystic nature of the pegmatites.

The project is located near kilometer 386 on the road from Matagami, Quebec and is easily accessed by paved highway or by air from the Opinaca Airport 30 km away. There is a gas station, accommodations, and helicopter support located 8 kilometers to the south west of the property. The project is 2.5 kilometers from the highway and 8 km to the north of Galaxy Resources James bay Lithium project on the south side of the Eastmain River.

Galaxy Resources James Bay Lithium Project has an” indicated resource of 11.75 million tonnes grading at 1.30% Li2O and inferred resources of 10.47mt grading at 1.20% Li2O. The James Bay deposit occurs at surface and resource modelling indicates that the resource is amenable to open pit extraction. There is excellent potential to increase the resources through additional delineation of the pegmatite dykes along strike and at depth and potential to increase grade through infill drilling” (Galaxy Resources, 2016).
Jack Bal, President and CEO of Cardiff Energy Corp., states “We are excited to have acquired the Eastmain River Lithium Project located in the James Bay area of Quebec. The James Bay area is a world class lithium exploration ground and is being actively explored by Galaxy Resources Ltd, Nemaska Lithium Inc., and Critical Elements Corp. We are looking forward to announcing and commencing the summer work program shortly.”

With regards to the Clayton #1H, operations have been temporarily suspended until the Company secures additional funding or a Joint Venture partner can be found to help move the project forward.
About the Company
Cardiff is an emerging junior oil and gas and resource exploration company engaged in the acquisition, exploration, development and production of projects. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff’s website at www.cardiffenergy.com

For additional information contact:

Jack Bal, President and CEO
Cardiff Energy Corp

“Jack Bal”

Jack Bal,
President and Chief Executive Officer


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