Canadian Orebodies Drills Widespread Tantalum Mineralization on Zigzag Property

Marketwire | March 20, 2011 | 5:09 pm Battery Metals Canada Lithium Rare Earth 

Canadian Orebodies Inc. (TSX-V:CO) announced assay results which demonstrate a zone of strong tantalum values over a 670 meter strike length from the initial drilling program on the Tebishogeshik showing on its Zigzag tantalum/lithium and rare metals property under option from Ultra Lithium Inc. (TSX-V:ULI). The Property is subject to an option agreement with Ultra and the underlying property owners to acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by the owners, 50% of which can be purchased by Orebodies for $1 million).

Highlights:

  • Hole CO-10-008 assayed 299.07 ppm Ta2O5 over 6.92 meters, which includes 399.82 ppm Ta2O5 over 2.92 meters.
  • Hole CO-10-007 assayed 197.29 ppm Ta2O5 and 1.08 % Li2O over 6.1 meters, which includes 240.18.29 ppm Ta2O5 and 1.49 % Li2O over 3.05 meters.
  • Hole CO-10-010 assayed 237.68 ppm Ta2O5 over 3.65 meters.
  • Zone of strong tantalum enrichment over a 670 meter strike length.

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