Genius Properties Ltd. is pleased to announce it is negotiating to acquire all of the interests of the sellers. in a block of 15 claims covering the two giant pegmatites known as "Lac des Montagnes B" (approximately 708 hectares), located in a region of Quebec that boasts other lithium deposits and known lithium mineralisation. The Montagne B project is potentially a new lithium field in an established lithium district.
In 2003, Osisko Exploration acquired Lac Des Montagne A ( Wabouchi Lithium Nemaska) from Inco, Osisko also staked a second property in the area (Montagne B), located 9 km south of Whabouchi Lithium (NEMASKA) and covering 708 hectares. The Montagne B property includes two giant pegmatites, one measuring 3000 m in length and other measuring 1600 m in length. The Montagne B pegmatites are part of a large dyke swarm of differentiated pegmatites (albite-muscovite-tourmaline-garnet-beryl) extending regionally over a strike length of 110 km. The area is highly prospective for Lithium and tantalum deposits, and to management's knowledge, has never been explored for this commodity.
These acquisitions are part of a new project aimed at discovering economic Lithium and Tantalum deposits in Quebec. These metals, for which demand is growing, are used primarily in batteries, electronics and specialty alloys industries.