Dec 11 2011
Tucana Lithium Corp. has announced it has staked an additional 83 claims in the James Bay region of Quebec. The claims are 100% owned by the Company and registered in the name of Tucana's subsidiary, Tucana Exploration Inc.
The property is made up of 83 map-designated cells totaling 4,439 hectares with 82 claims covered by NTS sheets 32O12 and 1 claim covered by NTS sheets 32N09. The cost of staking the claims was $8215. The claims will expire in November 2013 and exploration work in the amount of $100,000 will be required upon renewal.
The Company secured the additional claims based upon the NI 43-101 technical report and the magnetic and gradiometric airborne survey released by the Quebec Ministry of Natural Resources in September 2011. The Lac des Montagnes formation is the most fertile rock in this area for massive sulfides, and it is the same kind of volcano-sedimentary belt you would find in the Rouyn-Noranda and Val d'Or area yet more metamorphosed. The gradiometric magnetic survey shows magnetic anomalies are present on the property and should be further investigated.
"We continue to be excited by the potential of the Abigail property and we are continuing to evaluate potential properties for our portfolio. We are looking forward to planning our next phase of our exploration campaign and will update shareholders accordingly," stated Jordan Starkman, CEO of Tucana Lithium Corp.
Source: www.tucanalithium.com