Ganfeng Lithium plans to build a $1.1 Billion trading desk
Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said.
TORONTO, Dec. 6, 2011 /CNW/ – Canada Lithium Corp. (TSX: CLQ) (OTCQX: CLQMF) announced today an updated National Instrument 43-101 (“NI 43-101”) compliant Mineral Resource estimate for the Québec Lithium Project that indicates Total Measured and Indicated Mineral Resources have increased to 33.2 million tonnes grading 1.19% lithium oxide.
The updated Mineral Resource estimate prepared by AMC Mining Consultants (“AMC”) incorporates results of the latest 56-hole, 10,300-metre drill program undertaken between June and August 2011. Table 1 below shows the updated Mineral Resource estimate for the Québec Lithium Project, reported by category, using a 0.8% Li2O cut-off grade, the same cut-off used previously by the Company and AMC for the delineation of Mineral Resources.
