The Project is located in Minas Gerais State, Brazil, and is comprised of one exploration permit and five applications for exploration permits. The applications for exploration permits have been submitted to the Brazilian Mining Agency by Falcon and will be transferred to Emerita when the exploration permits are granted.
The area of the existing exploration permit is immediately adjacent to CBL’s lithium mine. Pegmatite dykes similar to the mineralized dykes on the adjacent CBL property have been identified on the Project during the initial field reconnaissance of the area. Systematic mapping and sampling of the Project will commence immediately by Emerita. According to Dr. Fernando Tallarico, P.Geo, an independent consultant of Emerita, “the proximity to the producing operation along with the geological evidence observed in the field, indicate further mapping, sampling and drilling are merited.”
Mineralization in the area where the Project is located is associated with Neoproterozoic granitic intrusions that have deposited lithium mineralization with minor contents of rare metals such as thallium, niobium and tin mineralization in the apical aureole of these intrusions. Mineralization is hosted by pegmatite dykes with widths varying from 5 to 30 meters and strike in excess of 1 kilometer. The mineralized pegmatite dyke system is structurally-controlled by a framework of NW and NE crosscutting faults and fractures, and locally is characterized by stockwork systems or sets of sub-paralleled sheeted-dykes. The main lithium mineral at the adjacent CBL property is spodumene with minor amounts of petalite.
CBL produces lithium concentrate with a grade of approximately 5% LiO2 that is converted in a chemical plant, also belonging to CBL, into lithium-hydroxide and lithium-carbonate.
Figure 1: The Project exploration permit and applications for exploration permits adjacent to the CBL mine.