Canadian Orebodies Inc. (TSX-V: CO) has entered a Letter of Intent to acquire 100% legal and beneficial interest in 5 separate Lithium/REE properties. The properties in total consist of 111 claim units comprising 1,776 hectares, which are all located in Ontario.
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The Vegan and Niemi South properties are both located about 150km northeast of Thunder Bay in an area which is host to numerous known Lithium deposits and REE bearing pegmatite's. The Falcon Lake and Despard properties are both located in the general area of Linear Metals Corp. Seymour Lake Lithium/Tantalum/Beryllium Property. The Greenbush Property consists of 15 claim units
About Canadian Orebodies
Canadian Orebodies Inc. (Orebodies) is an exploration-stage company. Orebodies is in the process of exploring its mineral properties. As of January 31, 2009, the Company had not determined whether these properties contain reserves that are economically recoverable. On March 10, 2008, the Company completed a transaction (the Transaction) whereby it received all the assets and liabilities of Baltic Resources Inc. except those associated with its Martison project. As of January 31, 2009, the Company’s interest in mineral properties owned, leased or under option, consisted Coral Rapids Project, Ontario, Canada; Hawkins Project, Ontario, Canada, and Webequie Area Projects, Ontario, Canada.
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