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MIKE NATHAN
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  • FORC, TDSC, SONE, LB - CRWEWallstreet.com Stock Report! April 12th 2011 0 comments
    Apr 12, 2011 9:46 AM

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    According to new press release, Force Energy Corp. (OTC.BB:FORC) plans to commence a two-phase exploration program on the Zoro 1 property in the Snow Lake area of west-central Manitoba, Canada.

    The Zoro property hosts seven rare metal spodumene-bearing pegmatite dykes, six of which have received only cursory exploration. The main mass of spodumene discovered to date is exposed in a single pegmatite dyke exposed by seven trenches. Mineralization in this dyke has not been fully delineated and a recommended exploration program will assess the potential for more spodumene zones. The geological characteristics of the remaining dykes on the property will be determined by detailed mapping and trenching followed by assay. Rare earth and precious metal contents in the pegmatite dykes, not considered during historic exploration, will also be assessed in this program.

    A historic reserve estimate for Li2O has been based on limited drilling from a single dyke on the Zoro 1 property. Drill indicated spodumene reserves coupled with data from trenching have been calculated to give a total undiluted tonnage given of 1,727,550 tons at 0.945% Li2O. These results give significant encouragement to Force Energy Corp. for exploration on the property and potential future development.

    Lithium is on the verge of a major explosion in demand thanks to the anticipated transformation of the world’s automotive fleet from hydrocarbon power to battery power.

    The lithium-ion battery advantage is obvious over its competitor (nickel metal hydride, for example).

    Read more at: http://crwewallstreet.com/?p=17783

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