FORC .0303 Sept 18th News: New NI 43-101 Technical Report for Force Energy Corp. Confirms Over 1.7M Tons of Lithium on Its Property in Manitoba Canada
New NI 43-101 Technical Report for Force Energy Corp. Confirms Over 1.7M Tons of Lithium on Its Property in Manitoba Canada
Force Energy Corp. (OTC:QB:FORC) (Frankfurt:FC2) (hereafter "Force", "the Company") is a junior Lithium and Rare Earth Metals mineral exploration company. At current pricing for Lithium of approximately $4,000 per ton, Force Energy's mining assets have a potential valuation of over 6.8 Billion Dollars!
The Zoro 1 property hosts a near-surface deposit of lithium-bearing pegmatite association with arsenopyrite, pyrrhotite and chalcopyrite mineralization that extends over significant distances in one main dyke exposed by multiple trenches and in several localities elsewhere on the property. The deposit has been classified as a rare metal spodumene pegmatite and is "open" in the sense that it has not been adequately explored. In addition, potential exists for the presence of rare metals which have not been assessed by the historic assay program.
A historic reserve estimate for Li2O has been calculated on limited drilling on a single dyke on the Zoro 1 property. Drill indicated spodumene reserves coupled with data from trenching have been calculated with a total undiluted tonnage given as 1,727,550 at 0.945% Li2O.