Québec

Lac Brule Project

Overview

Lac Brule is comprised of 36 claims, covering 2,016 hectares within the Labrieville Anorthsosite Complex

Accessible and Strategic

64km by road accessible from Labrieville (30km in a straight line), on the north shore of the St. Lawrence 100km north of Forestville, near the Bersimis 2 power generation site.

Efficient Mining

Favorable mineralization for the application ORF TiO2 technology proved to be 144.8% more cost-efficient than conventional processes.

Drilling Discoveries

Historic drilling conducted across 2 mineralized lenses

High-Grade Results

Historic metallurgical bench tests attained 94% TiO2, 95% V2O5 and 99% iron oxides successfully leached

Salient 2018 Drill Results

The mineralization is hosted in at least two massive hematite-ilmenite tabular lenses within the Labrieville anorthosite layered complex. The lenses trend NW and dip 25° ENE. These lenses outcrop in a cliff along Lac Lise road and are intercepted at surface and at a depth of 30 metres below surface in the drilling conducted to date. A VTEM survey conducted by the previous land holder delineated a 2.5km conductor. Additional conductors identified on the property have only seen initial exploration with limited surface sampling. One of these conductors, located northwest of the mineralized lenses yielded results which included a grab sample assaying 35.5% TiO2.

Hole Id From (m) To (m) Interval (m)* Fe2O3 % TiO2% Ti % V2O5% V% Lens Id
LB-18-23 4.50 11.40 6.90 58.13 35.56 21.32 0.373 0.209 Lens 1
LB-18-24 2.00 18.93 16.93 54.73 33.52 20.10 0.345 0.194 Lens 1
LB-18-25 12.95 25.65 12.70 57.84 35.41 21.23 0.370 0.207 Lens 1
LB-18-26 28.78 49.52 20.74 58.59 35.02 20.99 0.207 Lens 1
LB-18-27 3.30 6.76 3.46 25.37 14.77 8.85 0.154 0.086 Lens 2
LB-18-27 25.88 43.10 17.22 58.05 34.71 20.81 0.366 0.205 Lens 1
LB-18-28 5.50 15.25 9.75 57.16 34.05 20.41 0.359 0.201 Lens 2
LB-18-28 18.46 36.81 18.35 58.31 35.07 21.03 0.368 0.206 Lens 1
LB-18-30 12.65 29.00 16.35 58.08 35.49 21.28 0.368 0.206 Lens 1
LB-18-31 20.77 43.20 22.43 56.97 34.03 20.40 0.361 0.202 Lens 1
LB-18-32 3.00 13.50 10.50 51.00 30.97 18.57 0.317 0.177 Lens 2
LB-18-32 30.90 59.12 28.22 58.16 35.80 21.47 0.370 0.207 Lens 1
LB-18-33 34.00 50.30 16.30 58.27 35.23 21.12 0.373 0.209 Lens 1