Claercut Lithium

Location , Access & Jurisdiction: 

• 55km southeast of Val-d’Or, Québec Emerging lithium district 
• Strong support for CSM exploration 
• Refundable tax credits up to 38.8% & flow-through tax savings up to 69.4%  

Size & Ownership: 

• 249 claims, 
• 14,400 hectares 100% Vendors  

Target: 

• Lithium-bearing pegmatite dykes 
• Clearcuts & logging road network Low exploration costs 
• Early stage, first mover opportunity 

A Great Opportunity 

The Clearcut Lithium property has no record of previous mineral exploration. Extensive logging roads and clearcuts are the most salient features of the property.  Easy access to large open areas will allow for rapid finding, prospecting and sampling of exposed outcrops.  Proximity to the mining centres of Malartic and Val-d’Or will allow for low-cost exploration work.  To identify prospective pegmatites, a high definition magnetic and radiometric survey is proposed in conjunction with an interpretive study utilizing high-definition LIDAR data.  Québec is showing strong support for exploration, production and processing of critical strategic minerals (CSM) including lithium, and developing value-added industries such as battery and electric vehicle manufacturing.  In 2021, a special program to support CSM exploration was set up.  This is in addition to existing refundable tax credits up to 38.8% for junior companies, and 69.4% flow-through tax savings for investors in Quebec and 38.4% for investors from the rest of Canada.5 Clearcut Lithium property has no record of previous mineral exploration.  The most salient feature of the property is the extensive logging clearcuts and roads.  Easy access to large open areas will allow for rapid identification, prospecting and sampling of exposed outcrops.  Proximity to the mining centres of Malartic and Val-d’Or allows for low-cost exploration.  To generate exploration targets, a high definition magnetic and radiometric survey is recommended in conjunction with an interpretation study utilizing high-definition LIDAR data.  Québec is showing strong support for exploration, production and processing critical strategic minerals (CSM) including lithium, and developing value-added industries such as battery and electric vehicle manufacturing.  In 2021, a special program to support CSM exploration was set up.  This is in addition to refundable mineral exploration tax credits for junior companies, and 69.4% tax savings for flow-through investors in Quebec and 38.4% for investors from the rest of Canada. 

Proposal 

Option: 

• Cash, shares & work to earn 100% 
• NSR retained  

Phase I Exploration: 

• High definition magnetic & radiometric airborne survey 
• LIDAR interpretation study 
• Follow-up prospecting, trenching and sampling  

Phase II Exploration: 

• Drilling 2,500-5,000m