VAL-D'OR, QC, March 2, 2018 /CNW/ - ABE Resources Inc. (TSXV:
ABE) (OTC: ABEPF) (the "Company" or "ABE") is pleased
to announce the acquisition of 170 claims covering over 9,250
hectares (92.5 square kilometres) adjacent to its Sirmac Lithium
Property (the "Sirmac Property") recently acquired from
Nemaska Lithium Inc. ("Nemaska"). ABE acquired the 170 claims
from a group of prospectors for CDN$20,000 with no underlying royalties,
obligations or share issuances.
The Sirmac Property consists of 24 mining claims (1,100
hectares). The addition of this land package will bring the total
property package to 194 claims totalling 10,350 hectares. The
property is well situated approximately 180 kilometres North-West
of Chibougamau, in the province of
Québec. Two well known deposits flank the Sirmac project, the first
being the Nemaska Lithium Whabouchi project boasting 37M tonnes Li2O reserves to the north
and Moblan lithium project, which has 14M tonnes Li2O resources to the
east.
"The region of Quebec that we
are in has produced some world class lithium deposits that have
attracted significant capital and strategic investment. This week
we saw a Chinese battery maker invest US$79M in the Moblan project which is only 50 km
to the east of us. These lithium bearing dykes tend to come in
swarms and we know the Sirmac Property is part of a swarm of dykes.
Our goal is to build a significant resource that is of similar
calibre to our neighbours to the north and east," commented
Yves Rougerie, the President and CEO
of ABE.
The Company has also recently completed a 293 line-kilometre
high-resolution airborne MAG survey over the Sirmac Property block.
The survey results will be interpreted and used to better define
the geology of the property and pegmatite dyke occurrences in order
to plan field work and diamond drilling programs.
Mr. Rougerie added, "The Sirmac Property hosts the #5 Dyke on
which Nemaska completed more than
$2-million of exploration work in
2011 and 2012 consisting of 72 shallow drill holes, extensive
trenching and channel sampling that led to a historical resource
estimate. There are at least twelve sparsely outcropping pegmatite
dykes on the property, some of which are lithium-bearing and most
of which have yet to be tested by drilling. The 170 new claims
cover over 90 square kilometres immediately east of our Sirmac
Property where we believe the potential for discovery of additional
lithium-bearing dykes is excellent."
About ABE Resources Inc.
ABE Resources Inc. is a junior exploration company focused on
exploring and developing high quality battery mineral assets
including lithium and copper in safe jurisdictions. The Company is
led by skilled and qualified mineral exploration and business
professionals with a deep understanding of the lithium battery
materials market which is driven by lithium ion batteries. ABE is
committed to discovering new world class assets and bringing these
assets to production, starting with its flagship projects the
Sirmac lithium property and the Dôme Lemieux copper property, both located in
Québec, Canada. Nemaska Lithium
Inc. is the largest shareholder of ABE.
For further information on the Company, please visit our website
at www.aberesources.ca or contact us at
info@aberesources.ca.
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THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
SOURCE ABE Resources Inc.