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Cardiff Energy acquires ground with unsampled pegmatite outcrops in the James Bay Lithium District

Monday, 11 July 2016 04:40 AM

Rockstone Research

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ZURICH, SWITZERLAND / ACCESSWIRE / July 11, 2016 / Today, Rockstone Research published an update on Cardiff Energy Corp. (TSX.V: CRS) as the company today announced the acquisition of more lithium prospective properties around the James Bay Deposit from Galaxy Resources Ltd. in the Eastmain River area of Québec. This is a world-class lithium district, where the "Lithium Triad" (Galaxy, Nemaska and Critical Elements) control some of the world's most valuable real estate. Most recently, the past producing Quebec Lithium Mine, which contained a resource of 33 million t @ 1.18% Li2O, sold to Jilin Jien Nickel for an unreported amount (estimated at $350 million).

In contrast to lithium brine deposits, hard-rock deposits offer certainty of simplicity and size. On top of that, pegmatites can be moved from an exploration to development project extremely quickly, given the simplicity of a spodumene pegmatite and the volumes of historic information on the methods to process these ore bodies.

Cardiff managed to acquire prospective ground in one of the world's best (undeveloped) lithium districts, including outcropping pegmatites never sampled or drilled before. The upcoming exploration program may verify these outcrops as lithium-bearing spodumene-rich pegmatite dikes.

The full report can be accessed with the following links:

English (PDF):

http://rockstone-research.com/images/PDF/Cardiff10en.pdf

English (web version):

http://rockstone-research.com/index.php/en/research-reports/1232-Cardiff-Energy-acquires-more-ground-with-unsampled-pegmatite-outcrops-in-the-James-Bay-Lithium-District

German (PDF):

http://rockstone-research.com/images/PDF/Cardiff10de.pdf

Disclaimer: Please read the full disclaimer within the full PDF report as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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