Cardiff Energy Corp. Acquires Additional Mineral Claims to Expand its Eastmain River Lithium project in Quebec
Vancouver, BC / TheNewswire / July 11th, 2016 -CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS", Frankfurt: "C2Z.F", US Pinksheets: "CRRDF") is pleased to announce the acquisition of additional mineral claims to expand its Eastmain River Lithium Project. The additional 21 mineral claims cover two blocks and total approximately 1,109 hectares (2,740 acres) in Quebec, Canada. The outcrop on the eastern claim block is located approximately seven kilometers east of the James Bay Deposit, which is reported to contain indicated resources of 11.75 million tonnes (Mt) at 1.30% Li2O, and inferred resources of 10.47 Mt at 1.20% Li2O with a 0.75% Li2O cut-off (Galaxy Resources; Technical Report dated December 30, 2010).
The eastern claim block was acquired in order to cover a 1.8 kilometer long outcrop of a white pegmatite that was identified in a regional mapping program by Franconi in 1976 (DPV 450). This outcrop is located at the periphery of the Kapiwak Pluton and adjacent to the Lower Eastmain greenstone belt; a geological setting which is reported to offer great potential for rare metal-bearing pegmatites (Moukhsil et al., 2003). The outcrop has apparently not been mapped in detail or explored for lithium by historic exploration campaigns. The James Bay lithium Deposit and the Cyr-2 lithium showing form an approximately 4 kilometer long corridor of spodumene-bearing pegmatite that is roughly parallel to the trend of the regional bedrock geology. The pegmatite outcrop of the eastern claim block is located approximately 4.5 kilometers southeast of the Cyr-2 lithium showing in a direction that is roughly on strike to the regional bedrock geology.
Jack Bal, President and CEO of Cardiff Energy Corp., states "We are excited to have acquired the additional claims near our Eastmain River Lithium Project located in the James Bay area of Quebec. The James Bay area is a world class lithium exploration ground and is being actively explored by Galaxy Resources Ltd, Nemaska Lithium Inc., and Critical Elements Corp. The Company is in the process of putting together it's exploration team and work program."
About the Company
Cardiff is an emerging junior oil and gas and resource exploration company engaged in the acquisition, exploration, development and production of projects. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com
For additional information contact:
Jack Bal, President and CEO
604-306-5285
jackbalyvr@gmail.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Jack Bal"
Jack Bal,
President and Chief Executive Officer
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This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
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