The Bourier project is potentially a new lithium field in an established lithium district. It is owned by Critical Elements Corporation, which has entered into an agreement with Lomiko Metals whereby Lomiko may acquire up to 70% of the property by funding exploration activities and other consideration. Details of the Agreement are available here.
The Bourier project consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2) in a region of Quebec that boasts other lithium deposits and known lithium mineralization, as shown in the maps and table below. The lithium pegmatites tend to occur in swarms in the volcano-sedimentary units, and the Bourier property covers a large part of this regional volcano-sedimentary unit, which also hosts Nemaska Lithium’s Whabouchi deposit and Critical Elements’ Lemare showing.
An NI 43-101 compliant Technical Report was performed by InnovExplo in 2012 on the Bourier Property for Monarques Resources Inc. The report concluded that drilling and analysis conducted at Bourier at that time yielded results that were sufficient to recommend additional exploration of the property.