Two Lithium Projects, Cyr-Kapiwak and Sirmac East, 2,875 Hectares, Quebec
Cyr-Kapiwak & Sirmac East Projects, Quebec
Lithium One Metals has 1oo% of two major lithium projects in the James Bay area of Quebec. The Cyr-Kapiwak Lithium Project with 42 mineral claims on 2,220 hectares with three non-contiguous lithium properties. It includes the Key Lithium Property, the Amisk West Lithium Property, and the Amisk East Lithium Property,
The Sirmac East Project has 12 mineral claims in 5 blocks having a total area of 656 hectares and is also located in James Bay, Quebec. The project is highly prospective for lithium hosted in spodumene-bearing pegmatites, with at least two historic lithium occurrences.
Three Gold Projects, 6,000 Hectares, 138 Claims in Newfoundland and Quebec
Parkview & Knights-Melange Projects, Newfoundland
Lithium One Metals holds a 100% interest in the Parkview Project comprised of 450 hectares located on New World Island, Newfoundland. This project is adjacent to Ethos Gold Corp.’s Fairbanks Claims and on strike with Ethos Gold’s Toogood Project. In addition, Lithium One also holds a 100% interest in the Knights-Melange Project comprised of 5,550 hectares in the vicinity of the New Found Gold Corp.’s Queensway Discovery, 15 km West of Gander, Newfoundland.
Bellechasse-Timmins Gold Project, Quebec
Lithium One Metals holds 100% interest in the Bellechase-Timmins project, comprising 138 claims, which is located in the Beauce region of Quebec, approximately 80 kilometres southeast of Quebec City. The Bellechasse-Timmins Gold Property contains a historic mineral resource of 171,000 ounces of gold at an average grade of 1.83 g/t gold in the indicated category and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category as well as the Champagne VMS deposit, the Beland gold occurrence and some other assets. A 43-101 Report pertaining to the Bellechase-Timmins, dated July 3, 2020 authored by Dr. Christian Derosier, P. Geo. is filed on SEDAR.
Partnering with GoldSpot Discoveries Corp.
GoldSpot is a technology company using artificial intelligence and machine learning to revolutionize the future of global mineral exploration with a full suite of data and knowledge-driven SaaS (software as a service) tools and services. GoldSpot works with industry leaders across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies and to strategically invest in mineral exploration companies. Its leading team of expert scientists merge geoscience and data science to deliver bespoke solutions that save time, reduce costs and produce far more accurate results than ever before possible.
GoldSpot is engaged to advance exploration on Lithium One Metals’ Newfoundland Gold exploration properties.
ANDREW LEE SMITH P.Geo., B.Sc., ICD.D
CEO & Director
As a Professional Geologist, Andy has over 25 years of experience successfully exploring, developing and operating North American and African base and precious metals mining projects. He also holds directorships and management positions with a number of other junior exploration companies, in 2015, Andrew competed in the International Corporate Directors Education Program and received the ICD.D accreditation, the only professional designation for Canadian directors recognized both nationally and internationally.
Andrew holds a BSc in Earth Sciences from the University of Waterloo and is a professional geologist and a member of the Association of Professional Engineers and Geoscientists of British Columbia. He received the Mining Entrepreneur of the Year Award in 1994 from the Quebec Prospectors Association for his role in mine development with Aurizon, and was named Outstanding Alumnus of 2009 by the Science Faculty of the University of Waterloo for his contributions to mineral exploration.
GORDON NEAL
Independent Director
Gordon has over 35 years of experience in governance, corporate finance and investor relations. He founded Neal McInerney Investor Relations in 1991. Through marketing over $4-billion in debt and equity financings. Gordon was vice-president of corporate development at MAG Silver Corp. where he provided capital market strategies and solutions to the board. He is currently the president of New Pacific Metals Corp. Gordon has served on the boards of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital and Xiana Mining. He has raised more than $500 million for resources companies since 2004. Gordon graduated from Dalhousie University with a BSc in biochemistry. He has also served as a member of the Dalhousie University senate and board of governors.
NICK WATTERS
Independent Director
Nick’s present and past experience includes being a director of several public companies including CPCs and IPOs. He is a co-founder of several successful mining enterprises. Nick has been an integral part of raising nearly $260 million for start-up and development opportunities in his career and has been part of a team that have brought several projects from initial discoveries to full development situations.
SEAN MCGRATH
Chief Financial Officer
Sean is a chartered professional accountant (CPA, CGA) in Canada and a former certified public accountant (Illinois) in the United States. He has spent more than 20 years providing financial management and consulting services to publicly traded companies, with primary emphasis in the natural resources sector. He has been responsible for corporate strategy, in all aspects of accounting and finance, planning and forecasting, treasury, and internal and external reporting. Sean has held senior executive positions with numerous publicly traded companies throughout his career and he is currently a director/officer of several publicly traded companies listed on the TSX Venture Exchange and the Canadian Securities Exchange.
THOMAS R. TOUGH, P Eng. (Retd.)
Independent Director
Co-founder, Potash One Inc, which completed sale to K&S of Germany for $430 Million in 2011. Founder of Desert Sun Mining Inc, which was sold in 2006 to Yamana Gold Inc. for $450 Million. Over 35 years experience managing public companies globally in precious and industrial minerals.
ANDREW LEE SMITH P.Geo., B.Sc., ICD.D
CEO & Director
As a Professional Geologist, Andy has over 25 years of experience successfully exploring, developing and operating North American and African base and precious metals mining projects. He also holds directorships and management positions with a number of other junior exploration companies, in 2015, Andrew competed in the International Corporate Directors Education Program and received the ICD.D accreditation, the only professional designation for Canadian directors recognized both nationally and internationally.
Andrew holds a BSc in Earth Sciences from the University of Waterloo and is a professional geologist and a member of the Association of Professional Engineers and Geoscientists of British Columbia. He received the Mining Entrepreneur of the Year Award in 1994 from the Quebec Prospectors Association for his role in mine development with Aurizon, and was named Outstanding Alumnus of 2009 by the Science Faculty of the University of Waterloo for his contributions to mineral exploration.
GORDON NEAL
Independent Director
Gordon has over 35 years of experience in governance, corporate finance and investor relations. He founded Neal McInerney Investor Relations in 1991. Through marketing over $4-billion in debt and equity financings. Gordon was vice-president of corporate development at MAG Silver Corp. where he provided capital market strategies and solutions to the board. He is currently the president of New Pacific Metals Corp. Gordon has served on the boards of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital and Xiana Mining. He has raised more than $500 million for resources companies since 2004. Gordon graduated from Dalhousie University with a BSc in biochemistry. He has also served as a member of the Dalhousie University senate and board of governors.
NICK WATTERS
Independent Director
Nick’s present and past experience includes being a director of several public companies including CPCs and IPOs. He is a co-founder of several successful mining enterprises. Nick has been an integral part of raising nearly $260 million for start-up and development opportunities in his career and has been part of a team that have brought several projects from initial discoveries to full development situations.
SEAN MCGRATH
Chief Financial Officer
Sean is a chartered professional accountant (CPA, CGA) in Canada and a former certified public accountant (Illinois) in the United States. He has spent more than 20 years providing financial management and consulting services to publicly traded companies, with primary emphasis in the natural resources sector. He has been responsible for corporate strategy, in all aspects of accounting and finance, planning and forecasting, treasury, and internal and external reporting. Sean has held senior executive positions with numerous publicly traded companies throughout his career and he is currently a director/officer of several publicly traded companies listed on the TSX Venture Exchange and the Canadian Securities Exchange.
THOMAS R. TOUGH, P Eng. (Retd.)
Independent Director
Co-founder, Potash One Inc, which completed sale to K&S of Germany for $430 Million in 2011. Founder of Desert Sun Mining Inc, which was sold in 2006 to Yamana Gold Inc. for $450 Million. Over 35 years experience managing public companies globally in precious and industrial minerals.
Lithium One Metals has partnered with GoldSpot Discoveries, with a mission to transform the mineral discovery process and reduce capital risk. This will be done by using machine learning to explore, survey, and maximize the ROI of our potentially mineral-rich land holdings. GoldSpot operates at the forefront of advanced technologies and offers an evolving suite of services. Solutions are focused on turning geological data into Smart Targets and advanced geological modelling that increases the likelihood of mineral discovery. Cutting-edge technologies are applied to collect, clean and interpret data, while advanced machine learning algorithms are used to extract correlations and recognize patterns never seen before.
GoldSpot is set to lend its proprietary AI (Artificial Intelligence) technology to advance the exploration of our Central Newfoundland projects. GoldSpot has been granted an option to acquire a 0.5% NSR on the following licenses in Newfoundland for $2.0 million:
- The Parkview Project (1,850 ha.)
- The Knights-Melange Project (950 ha.)
Services Provided by GoldSpot
Image Analytics – GoldSpot uses image processing techniques to extract new information from existing visual resources. Machine learning automates expensive and time-consuming manual work and is used to create new datasets that result in more accurate models and smarter targets. This expertise includes the use of:
- Drillcore Photo Analytics to extract untapped value from drillcore photographs.
- Downhole Optical Analytics to automate and interpret 360˚ images from drillhole cameras.
- Remote sensing and Satellite Image Analytics to detect promising alteration and detect map outcrops for exploration.
- Undersea Image Recognition, a new, breakthrough technology that allows us to model ocean nodule beds for mineral content.
Geophysics – GoldSpot uses a combination of conventional geophysics to process and re-interpret older data, and Geophysical Inversion to extract and interpolate 3D models from 2D data sets. Proprietary software processing is then used to combine data sets in novel ways, using machine learning to uncover unseen patterns faster and more efficiently.
Resource Estimation & Modelling – Combining skills in structural and geological interpretation of ore deposits with the use of innovative and proprietary machine learning algorithms, GoldSpot constructs and refines dynamic 3D geological models and resource estimates across all commodities and deposit types.
3D Geological Modelling allows advanced machine learning algorithms to extract previously unseen correlations that generate Smart Targets quicker and more efficiently than traditional methods.
Image Analytics – GoldSpot uses image processing techniques to extract new information from existing visual resources. Machine learning automates expensive and time-consuming manual work and is used to create new datasets that result in more accurate models and smarter targets. This expertise includes the use of:
- Drillcore Photo Analytics to extract untapped value from drillcore photographs.
- Downhole Optical Analytics to automate and interpret 360˚ images from drillhole cameras.
- Remote sensing and Satellite Image Analytics to detect promising alteration and detect map outcrops for exploration.
- Undersea Image Recognition, a new, breakthrough technology that allows us to model ocean nodule beds for mineral content.