Bonanza Lithium Brines Property

Bonanza Lithium Brines Property totals approximately 18,432 hectares and is located approximately 140 kilometres northwest of Grande Prairie, Alberta and 25 kilometres east of Dawson Creek, BC. The Property is easily accessed by highway 49, secondary highways and the Alberta township and range road network.

According to Eccles and Jean (2010), there is a lithium in brines target on the Property. An abandoned oil well drilled in 1975 with the Inique Well Identifier (“UWI”) UWI of 00/07-30-080-11W6/0 intersected the Wabamun Group Carbonates from 3,252.80 to 3,304.00 metres down hole (51.20 metre thick target).

Of the entire data set for Alberta lithium brines, only 4 percent of wells with data had lithium values of at least 70 mg/L.

The Wabamun Group consists of both dolomitic siltstones and calcareous dolomites. The upper part of the Wabamun is dominated by limetsones while dolomites are the principal lithology in the middle and lower strata.

The thickness of the Wabamun Group ranges from zero metres to 240 metres in west central Alberta. The surface bedrock geology of the Properties is comprised almost entirely of the Kaskapau Formation. The Spirit River Formation is also present on the Gordondale Property.