Vancouver, British Columbia--(Newsfile Corp. - January 15, 2025) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to report the results of the fall 2024 diamond drill program and the 2024 field season, including the discovery of a new lithium pegmatite dike north of Casino Royale Zone. The Jackpot lithium project is in the Georgia Lake Pegmatite Field, approximately 140 km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800 ha land package (Figure 2).
Highlights of the fall drill program and 2024 field season include:
Casino Royale Zone:
- 1.08% Li2O over 11.50 m from 64.70 m in hole JP-24-42
- Including 1.46% Li2O over 8.00 m from 66.70 m
- 0.81% Li2O over 8.80 m from 103.00 m in hole JP-24-42
- Including 1.14% Li2O over 5.05 m from 103.95 m
New Discovery (500 Zone Extension):
- 1.61% Li2O over 7.80 m from channel sample CH24-01
- 1.96% Li2O and 2.08% Li2O in surface grab samples that bookend an east-west trending, spodumene pegmatite dike that is exposed in outcrop over 480 m, north of the Casino Royale Zone
The 2024 field season included geological and structural mapping, prospecting, soil sampling, and a biogeochemical survey on the project. Geological mapping covered approximately 2,100 ha and a total of 127 surface grab samples, 908 soil samples, and 499 biogeochemical spruce tip samples were collected on the project.
J.C. St-Amour, President of Imagine, commented: "The fall drill program at Casino Royale and the discovery of a new spodumene pegmatite extension of the 500 Zone continue to demonstrate the expansion potential for lithium resources at the Jackpot Project. Imagine is in an excellent position to build on our 3.1 Mt indicated and 5.3 Mt inferred (grading 0.85% and 0.91% Li2O, respectively) Mineral Resource inventory on the project. The results of the 2024 field season have provided new pegmatite targets which are untested and highlighted areas for focussed exploration activities in 2025. With nearby infrastructure and ports, the Project's proximity to a skilled workforce is a major advantage to putting Ontario's first lithium deposit into production."
Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/237281_665c83dbd4779960_001full.jpg
Figure 2: Jackpot project target zones and diamond drillhole collar locations.
To view an enhanced version of this graphic, please visit:
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Imagine Lithium has drilled a total of 45,722 m in 305 diamond drillholes on the Jackpot Project since 2018. Results announced today continue to demonstrate the grade, thickness, and continuity of the Casino Royale Zone (Table 1).
Table 1. Significant Li2O (%) intervals from the fall 2024 drill program.
| Hole | From (m) | To (m) | Li2O (%) | Length (m) | ZONE |
| JP-24-42 | 64.70 | 76.20 | 1.08 | 11.50 | Casino Royale |
| INCLUDING | 66.70 | 74.70 | 1.46 | 8.00 | Casino Royale |
| JP-24-42 | 103.00 | 111.80 | 0.81 | 8.80 | Casino Royale |
| INCLUDING | 103.95 | 109.00 | 1.14 | 5.05 | Casino Royale |
| CH24-01 | 0.00 | 7.80 | 1.61 | 7.80 | 500 Zone Extension |
The mapping and prospecting program delineated a 480m long trend of spodumene bearing pegmatite that was mapped in outcrop at seven separate locations (Figure 3). Results of the prospecting returned between 1.13% Li2O and 2.63% Li2O in grab samples (Table 2). A channel sample was cut across a bedrock exposure near sample 741595 and returned 1.61% Li2O over 7.80m (Table 1).
Figure 3: Casino Royale drilling and 500 Zone extension prospecting and channel sample.
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Table 2. Significant Li2O (%) surface grab samples from the 500 Zone extension
| Sample ID | UTM (mE) | UTM (mN) | Elevation (m) | Lithology | Li2O% |
| 741598 | 431698.5 | 5462861.2 | 475.6 | Pegmatite | 2.63 |
| 282964 | 432003.3 | 5462856.9 | 464.5 | Pegmatite | 2.08 |
| 741600 | 431555.8 | 5462905.0 | 471.9 | Pegmatite | 2.01 |
| 741599 | 431516.6 | 5462901.6 | 473.6 | Pegmatite | 1.96 |
| 741595 | 431767.3 | 5462872.6 | 473.6 | Pegmatite | 1.81 |
| 741596 | 431805.0 | 5462870.3 | 478.0 | Pegmatite | 1.19 |
| 741597 | 431816.8 | 5462869.4 | 471.9 | Pegmatite | 1.13 |
Two large geochemical surveys were completed during the 2024 field program, including a soil sampling program in the southern portion of the property, from Jackpot south to Cosgrave Lake, and a biogeochemical spruce tip sampling program in the north central portion of the property. Results of the soil geochemical survey delineate a strong dispersion halo trending southwest from the Jackpot and Casino Royale deposits (Figure 4). We are currently evaluating the data to refine exploration targets using dispersion halos elsewhere on the property.
Figure 4: Soil geochemical results showing lithium in soil anomalies.
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The biogeochemical sampling was completed over the north-central portion of the property and included 499 spruce tip samples (Figure 5). The biogeochemical sampling is thought to reflect in-situ mineralizing potential and a strong cesium (Cs) anomaly is observed near the newly discovered 500 Zone extension (Figure 5). A similar Cs anomaly is observed over the Jackpot deposit and the anomaly is interpreted to reflect near-surface spodumene pegmatite mineralization. Follow-up geological mapping, bedrock stripping and channel sampling is planned for this area during the 2025 field season to delineate drill targets.
Figure 5: Biogeochemical results showing Cs in spruce tip anomalies.
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QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock and soil samples collected from the core material and soil horizons obtained on the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials. High and low concentration certified lithium standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.
All collected core rock and soil samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of a professional geologist. The sample number, depth and brief description of each sample is logged and entered to a digital database. Rock core samples were split using a diamond saw with half of the sample remaining in the core box and the other being placed in a labelled sample bag. Duplicate samples were quarter split and placed into individual sample bags.
All sample bags were put into rice bags and stored securely before being delivered to AGAT Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish. Soil samples were placed into small brown paper bags and analyzed by 4-Acid digest with ICP-OES and ICP-MS Finish.
Qualified Person
The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The Jackpot Property consists of 297 mineral claims covering 18,800 hectares. The Property contains NI 43-101 compliant Mineral Resources of 3.1 Mt grading 0.85% Li2O in the Indicated category and 5.3 Mt grading 0.91% Li2O in the Inferred category, as well as a number of other known pegmatite showings.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237281
2025-01-15 07:00:00
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine"), is pleased to announce an initial NI 43-101 compliant lithium Mineral Resource Estimate ("MRE") on its Jackpot Property, located near the Town of Nipigon, Ontario.
Imagine will be hosting a webinar today at 11am EDT to discuss the resource estimate in more detail. Please register here: https://us02web.zoom.us/webinar/register/WN_dtW8UznRTv-MiX8Jsrt_5g
The webinar will be recorded for post viewing.
Jackpot Property Highlights:
The Project is well serviced by existing infrastructure with access to nearby power sources and is approximately 40 km from the Town of Nipigon and 150 km from the port of Thunder Bay and 60 km from a potential port at Red Rock (Figure 1). Jackpot is proximal to the Great Lakes and St-Lawrence Seaway giving shipping access to processing plants globally, as well as Giga factories planned for southern Ontario and a possible lithium hydroxide plant contemplated for Thunder Bay or Red Rock.
J.C. St-Amour, Imagine President commented: "The initial MRE gives Imagine an excellent starting point on which to build Mineral Resources in the near future. There are several areas of the Deposit which remain open as well as new pegmatite targets which are untested. I cannot stress enough the importance and value of the Project's location. The nearby infrastructure is a major advantage for future development of the Project as its proximity to a workforce, power, highway and ports, distinguishes Jackpot from other lithium projects which are much more remote and therefore expensive to develop. In addition, our MRE compares favourably to other deposits in the area, including Rock Tech's Georgia Lake Project, located 15 km to the north of Jackpot. The unexplored potential on the Property gives us momentum to find and build additional lithium Mineral Resources."
Table 1: Pit-Constrained Mineral Resource Estimate at 0.30% Li2O Cut-off(1-9)
| Classification | Tonnes M |
Li2O % |
Li2O k tonnes |
| Indicated | 3.1 | 0.85 | 26.2 |
| Inferred | 5.3 | 0.91 | 49.5 |
Figure 1: Jackpot Property located next to Trans-Canada Highway, power, port, railroad, and workforce.
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Table 2: Pit-Constrained Mineral Resource Estimate Sensitivity*
| Indicated | Inferred | |||||
| Cut-Off Li2O % |
Tonnes M |
Li2O % |
Li2O k tonnes |
Tonnes M |
Li2O % |
Li2O k tonnes |
| 0.50 | 2.6 | 0.93 | 24.3 | 4.8 | 0.96 | 47.3 |
| 0.45 | 2.8 | 0.90 | 24.9 | 5.0 | 0.95 | 48.3 |
| 0.40 | 2.9 | 0.88 | 25.4 | 5.2 | 0.93 | 48.9 |
| 0.35 | 3.0 | 0.87 | 25.8 | 5.3 | 0.92 | 49.3 |
| 0.30 | 3.1 | 0.85 | 26.2 | 5.3 | 0.91 | 49.5 |
*See notes under Table 1.
The pit-constrained Mineral Resources are contained in two optimized conceptual open pits, the Jackpot Pit and the Casino Royale Pit (Figure 2). The Jackpot Pit contains a 3.1 Mt grading 0.85% Li2O of Indicated Mineral Resources and 2.2 Mt grading 0.82% Li2O of Inferred Mineral Resources, whereas the Casino Royale Pit contains Inferred Mineral Resources of 3.1 Mt at 1.00% Li2O. The Casino Royale Zone remains open in all directions and exploration efforts are continuing to focus on expanding this new discovery (Figure 3).
Figure 2: Jackpot Project area showing the optimized conceptual Jackpot Pit and Casino Royale Pit boundaries.
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Figure 3: Casino Royale Pit boundary containing 3.1 Mt Inferred MRE @ 1.00% Li2O in eight diamond drill holes.
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The mineralized wireframes were developed in GEMSTM with a 2.0 m minimum down hole width and a maximum 75 m projection distance from the nearest drill hole intercept. Wireframe constrained assays were composited to 1.0 m lengths and capped at 2.5% Li2O. A LeapfrogTM block model with 2.0 m x 2.0 m x 2.0 m blocks was established and subsequent inverse distance squared grade estimation undertaken. Bulk density averaging 2.69 t/m3 was determined from 18 site visit samples. A cut-off value of 0.30% Li2O within an optimized conceptual pit shell using NPV SchedulerTM was used to quantify the Mineral Resource Estimate, which has a reasonable prospect of eventual economic extraction (Figure 4). Exploration efforts will focus on infill drilling between the Jackpot Pit shell and Casino Royale Pit, and step out drilling north and east of the Casino Royale Pit (Figure 5).
Figure 4: Isometric view of the optimized conceptual Jackpot Pit and Casino Royale Pit with mineralized wireframes.
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Figure 5: Idealized cross-section looking west of Jackpot Pit and Casino Royale Pit.
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An NI 43-101 Technical Report will be filed on SEDAR+ within 45 days of this news release
Qualified Persons
The technical content of this news release was reviewed and approved by Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot Lithium Property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The Jackpot Property consists of 297 mineral claims covering 18,800 hectares.
On Behalf Of The Board
"J.C. St-Amour"
J.C. St-Amour, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221892
2024-09-03 05:30:00
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to report the largest lithium bearing drill intersection on the property to date at the Jackpot Project. The Jackpot lithium project is located in the Georgia Lake Pegmatite Field, approximately 140km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800 ha land package (Figure 2).
Jackpot West Extension highlights include:
The most recent drill results from the winter drill program continue to support our exploration model and highlight the importance of drilling previously untested areas of the property. The Company commenced a mapping and prospecting program in early May and have discovered new spodumene bearing pegmatite dykes east of the '500 Pegmatite' and southwest of hole JP-24-31.
J.C. St-Amour, President of Imagine, commented, "Today's near surface results come from the western extension of the Jackpot Main Zone and are the upshot of step out and exploration drilling, demonstrating there is still ample room for expansion even in zones thought to be well defined and understood. The recently discovered Casino Royale Zone has been traced in drilling for 200 m and will be the focus of a fall drill program. In addition, the discovery of new spodumene bearing pegmatite southwest of hole JP-24-31 and east of the '500 Pegmatite' support our exploration model and demonstrates the potential to add lithium resources within our significant land package."
Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/210750_f138ac14c41f0820_001full.jpg
Figure 2: Jackpot project target zones and diamond drillhole collar locations.
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Imagine Lithium has drilled a total of 44,520m in 298 diamond drillholes on the Jackpot Project since 2018. The winter 2024 program completed a total of 6,170m in 40 diamond drillholes. Results announced today continue to demonstrate the importance of drilling to develop near-surface lithium resources at the Jackpot Main Zone (Table 1). Our summer field program will focus on identifying new spodumene bearing pegmatite targets outside of the Jackpot Main zone. (Figure 2).
Table 1. Significant Li2O (%) intervals from the 2024 drill program.
| Hole | From (m) | To (m) | Li2O (%) | Length (m) | ZONE |
| JP-24-31 | 20.65 | 55.75 | 0.92 | 35.10 | Jackpot West |
| INCLUDING | 35.65 | 55.75 | 1.05 | 20.10 | Jackpot West |
| INCLUDING | 51.45 | 55.75 | 1.76 | 4.30 | Jackpot West |
| JP-24-32 | 15.20 | 20.50 | 1.03 | 5.30 | Jackpot West |
| AND | 34.70 | 39.35 | 1.18 | 4.65 | Jackpot West |
| JP-24-33 | 60.00 | 64.00 | 0.44 | 4.00 | Jackpot West |
| JP-24-38 | 247.80 | 250.00 | 0.71 | 2.20 | NW Zone |
The 35.1m lithium intercept in JP-24-31 extends the Jackpot Main Zone approximately 200m west of the westernmost 2018 drill intercept (Figure 3). Geological mapping and sampling will focus on areas south of the main zone and north of Carrot Lake to prioritize drill targets for the fall drill campaign. The fall drill program will focus on resource definition drilling at the Casino Royale and NW Zones, north of the Jackpot Main Zone. Exploration holes will also be completed as part of this program to test newly discovered pegmatite dykes south of the Jackpot Main and north of Casino Royale.
Figure 3: Angle overlap fence of holes testing western extension of Jackpot Main, NW Zone and Casino Royale west of the Carrot Lake MDI occurrence (MDI42E05SW00023).
To view an enhanced version of this graphic, please visit:
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The Company expects to publish an NI 43-101 mineral resource estimate in 2024 which will include results from the proposed fall drill program. The distinguishing feature of the Jackpot Lithium project is the existing infrastructure in the area (roads, power, labour force) and the proximity to a major port which elevates it from more remote lithium projects. This infrastructure would positively impact the overall economics of the project.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials. High and low concentration certified lithium standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.
All collected core rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of a professional geologist. The sample number, depth and brief description of each sample is logged and entered to a digital database. Samples were split using a diamond saw with half of the sample remaining in the core box and the other being placed in a labelled sample bag. Duplicate samples were quarter split and placed into individual sample bags.
All sample bags were put into rice bags and stored securely before being delivered to AGAT Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish.
Qualified Person
The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The property contains known lithium-bearing granitic pegmatite dykes, of which one provided a historical, non-43-101 compliant resource estimate of 2 million tons at 1.09% Li2O*.
* The estimates presented above are treated as historical information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210750
2024-05-28 06:00:00
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to report that it continues to expand on the newly discovered Casino Royale zone, approximately 500m north of the Jackpot Main zone. The Jackpot lithium project is located in the Georgia Lake Pegmatite Field, approximately 140km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800ha land package (Figure 2). The Casino Royale zone is an east-west trending, spodumene bearing pegmatite dike, which has been successfully intersected in 8 of 9 drillholes from the 2024 campaign.
Casino Royale highlights include:
J.C. St-Amour, President of Imagine, commented, "This previously untested area of the property will potentially add significant resources to the Jackpot property, based on the wide intercepts of mineralized pegmatite discovered through drilling. The Casino Royale zone has so far been traced through drilling over 200m along strike, to the east of JP-24-23 and multiple mineralized intercepts in JP-24-26 suggest it is a substantial new zone. Underexplored areas of our Jackpot property will be explored this summer to delineate existing drill targets to identify new pegmatites for future drill targets within our significant land package."
Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/207574_2df608ef24e3aa3b_001full.jpg
Figure 2: Jackpot project target zones and diamond drillhole collar locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/207574_2df608ef24e3aa3b_002full.jpg
Results announced today demonstrate near-surface growth potential surrounding the Jackpot Main zone (Table 1). Results of the 2024 drill program continue to highlight the importance of drill testing and exploring for new, spodumene bearing pegmatite targets outside of the Jackpot Main zone (Figure 2). The Casino Royale zone was discovered through drill testing the historical Carrot Lake occurrence (MDI42E05SW00023) on the east side of Carrot Lake.
Drilling by the Company on the Jackpot property since 2018 totals 39,901m. From the commencement of this year, 4,020m of drill core from 30 diamond drillholes have been completed. . The table below includes results from the continued expansion of the Casino Royale zone in 2024.
Table 1. Significant Li2O (%) intervals from the 2024 drill program.
| Hole | From (m) | To (m) | Li2O (%) | Length (m) | ZONE |
| JP-24-26 | 117.00 | 126.35 | 0.80 | 9.35 | Casino Royale |
| INCLUDING | 118.20 | 124.25 | 1.16 | 6.05 | Casino Royale |
| JP-24-26 | 159.30 | 178.20 | 1.02 | 18.90 | Casino Royale |
| JP-24-27 | 184.70 | 192.00 | 0.72 | 7.30 | Casino Royale |
| JP-24-28 | 154.20 | 168.05 | 0.96 | 13.85 | Casino Royale |
| INCLUDING | 155.25 | 164.35 | 1.42 | 9.10 | Casino Royale |
| JP-24-29 | 96.70 | 99.95 | 0.87 | 3.25 | Casino Royale |
| JP-24-30 | 93.60 | 105.45 | 1.15 | 11.85 | Casino Royale |
| INCLUDING | 94.10 | 101.40 | 1.58 | 7.30 | Casino Royale |
The Casino Royale zone has a drill-tested strike length of 200m and may be delineated for over 900m by surface grab samples on the west side of Carrot Lake (Figure 3). Holes JP-24-26 & JP-24-27 were drilled from the same drill pad, at -45o and -80o dip. Hole JP-24-26 had two lithium bearing pegmatite zones, intersecting 1.16% Li2O/6.05m from 118.2m and 1.02% Li2O/18.90m from 159.3m depth (Figure 3) indicating a similar stacked pegmatite swarm to the Jackpot Main zone.
Figure 3: Casino Royale zone over 750 m from sample 781982, northeast through Carrot Lake occurrence (MDI42E05SW00023) to discovery holes JP-24-23 & JP-24-24.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/207574_imaginelithiumfig003.jpg
The Company expects to publish an NI 43-101 mineral resource estimate in 2024 which will include results from the current drill program. The distinguishing feature of the Jackpot Lithium project is the existing infrastructure in the area (roads, power, labour force) and the proximity to a major port which elevates it from more remote lithium projects. This infrastructure would positively impact the overall economics of the project.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials. High and low concentration certified lithium standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.
All collected core rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of a professional geologist. The sample number, depth and brief description of each sample is logged and entered to a digital database. Samples were split using a diamond saw with half of the sample remaining in the core box and the other being placed in a labelled sample bag. Duplicate samples were quarter split and placed into individual sample bags.
All sample bags were put into rice bags and stored securely before being delivered to AGAT Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish.
Qualified Person
The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The property contains known lithium-bearing granitic pegmatite dykes, of which one provided a historical, non-43-101 compliant resource estimate of 2 million tons at 1.09% Li2O*.
* The estimates presented above are treated as historical information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207574
2024-05-01 06:00:00
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2024) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to report that it has intersected a new near surface spodumene-bearing pegmatite with diamond drilling at the Casino Royale zone, located approximately 500m north of the Jackpot Main zone. The Jackpot lithium project is in the Georgia Lake Pegmatite Field, approximately 140km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dykes distributed across five zones on an 18,800ha land package (Figure 2).
Highlights of the 2024 drill program include:
Casino Royale zone:
Jackpot Main zone:
J.C. St-Amour, President of Imagine, commented, "This is an untested area of the property and we are pleased to have discovered a new mineralized pegmatite in this area of the vastly underexplored Jackpot property. The newly discovered, near-surface mineralization confirms our exploration model and continues to demonstrate that our significant land package can contain multiple lithium deposits. The Casino Royale zone has been traced over 750m of strike length at surface, making it a potentially substantial new zone. Going forward, we will continue to focus our exploration efforts on new discoveries and resource expansion."
Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/203944_2c605d8ad4a85927_005full.jpg
Figure 2: Jackpot project target zones and diamond drillhole collar locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/203944_2c605d8ad4a85927_009full.jpg
Results announced today demonstrate near-surface growth potential surrounding the Jackpot Main zone (Table 1). The 2024 drill program was designed to test regional targets outside of the Jackpot Main zone that were identified during the 2023 prospecting and soil sampling programs (Figure 2). Drilling also tested boulders and outcrop located near the historical Point Lithium prospect (MDI42E05SW00021) and Carrot Lake occurrence (MDI42E05SW00023). A total of 2,691m of drill core from 24 diamond drillholes have been completed in 2024.
Drilling by the Company on the Jackpot property since 2018 totals 38,041m. The table below includes results from the Jackpot Main zone that were completed in 2023 and significant intervals from the ongoing 2024 drill program that focused on targets to the north of the Jackpot Main zone.
Table 1. Significant Li2O (%) intervals from the 2024 drill program.
| Hole | From (m) | To (m) | Li2O (%) | Length (m) | ZONE |
| JP-23-06 | 48.75 | 53.75 | 0.74 | 5.00 | Jackpot East |
| JP-23-06 | 57.48 | 61.48 | 0.61 | 4.00 | Jackpot East |
| JP-23-07 | 2.50 | 11.45 | 0.78 | 8.95 | Jackpot East |
| JP-23-07 | 18.65 | 31.65 | 0.73 | 13.00 | Jackpot East |
| JP-23-08 | 138.62 | 150.30 | 0.75 | 11.68 | Jackpot East |
| JP-23-17 | 118.85 | 123.00 | 0.75 | 4.15 | Jackpot Main |
| JP-23-18 | 50.50 | 63.75 | 0.75 | 13.25 | Jackpot East |
| INCLUDING | 50.50 | 56.80 | 1.34 | 6.30 | Jackpot East |
| JP-23-18 | 83.70 | 86.50 | 1.16 | 2.80 | Jackpot East |
| JP-23-24 | 31.10 | 41.20 | 1.02 | 10.10 | Jackpot Main |
| INCLUDING | 36.20 | 39.20 | 1.24 | 3.00 | Jackpot Main |
| JP-23-25 | 41.20 | 44.00 | 1.14 | 2.80 | Jackpot Main |
| JP-24-05 | 19.00 | 24.00 | 0.74 | 5.00 | Point Lithium |
| JP-24-23 | 84.85 | 92.55 | 1.09 | 7.70 | Casino Royale |
| INCLUDING | 88.55 | 92.55 | 1.78 | 4.00 | Casino Royale |
| JP-24-24 | 90.50 | 103.30 | 1.04 | 12.80 | Casino Royale |
| INCLUDING | 96.50 | 103.30 | 1.35 | 6.80 | Casino Royale |
The Casino Royale zone currently exceeds 750m in strike length, delineated by surface grab samples and diamond drill intercepts (Figure 3). Holes JP-24-23 & JP-24-24 were drilled from the same setup, at -50o and -75o dip, intersecting 1.09% Li2O/7.70m and 1.04% Li2O/12.80m, respectively (Figure 3). The Casino Royale zone includes the historical Carrot Lake occurrence (MDI42E05SW00023) and diamond drilling is continuing to test the surface trend of mineralization (Figure 3).
Figure 3: Casino Royale zone over 750 m from sample 781982, northeast through Carrot Lake occurrence (MDI42E05SW00023) to discovery holes JP-24-23 & JP-24-24.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/203944_2c605d8ad4a85927_022full.jpg
The Company expects to publish an NI 43-101 mineral resource estimate by the end of 2024 which will include drill results from the current program. The distinguishing feature of the Jackpot Lithium project is the existing infrastructure in the area (roads, power, labour force) and the proximity to a major port and elevates it from more remote lithium projects. This infrastructure is expected to positively impact the overall economics of the project.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials. High and low concentration certified lithium standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.
All collected core rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of a professional geologist. The sample number, depth and brief description of each sample is logged and entered to a digital database. Samples were split using a diamond saw with half of the sample remaining in the core box and the other being placed in a labelled sample bag. Duplicate samples were quarter split and placed into individual sample bags.
All sample bags were put into rice bags and stored securely before being delivered to AGAT Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish.
Qualified Person
The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The property contains known lithium-bearing granitic pegmatite dykes, of which the Jackpot Main zone provided an estimated historical resource of 2 million tons at 1.09% Li2O *.
* The estimates presented above are treated as historical information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203944
2024-04-02 06:00:00
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2024) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to provide significant near surface drill results from its ongoing drilling program at the Jackpot lithium project, located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed across an 18,800 ha land package.
Highlight holes from the ongoing drill program at the Jackpot Main Zone include:
- 15.77 m grading 1.08% Li2O from 19.2 m in hole JP-MAIN-2023-06
- Including 6.00 m grading 2.04% from 20.2 m
- 5.30 m grading 1.68% Li2O from 2.7 m in hole JPMET-2023-01B
- 7.0 m grading 1.03% Li2O from 40 m in hole JP-2023-P6
Results announced today demonstrate the near surface growth potential surrounding the Jackpot Main Zone (Table 1). Drilling is currently ongoing at the Jackpot Main Zone which consist of multiple stacked dikes covering a surface area of approximately 1 km by 400 m. The goal of the current drilling program is to define and expand the historical lithium resource. Areas being tested included the northern area of the Jackpot Main Zone where the Company is seeing another stacked dike, as well as the eastern extension of the Jackpot Main Zone which can expand the mineralization along strike (Figure 2).
J.C. St-Amour, President of Imagine, commented, "We are pleased to see continued near-surface mineralization that we believe will add significantly to historical resources at Jackpot. We look forward to publishing a NI 43-101 compliant resource estimate in the coming months. Drilling is also advancing on targets outside the Jackpot Main Zone, including the Point Lithium area, which is an exciting new zone that appears to parallel the Jackpot Main Zone pegmatite dikes."
Figure 1: Jackpot Property located next to Trans-Canada Highway, power, port, railroad, and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/194372_721c81f4e4bbe9e5_001full.jpg
Figure 2. New lithium intercepts from the recent DDHs collared on the Jackpot Main Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/194372_721c81f4e4bbe9e5_002full.jpg
Table 1. Significant Li2O (%) intervals obtained from the 2023 drilling program in the Jackpot Main Zone.
| Hole | From | To | Li2O % | Length |
| JP-2023-P6 | 31.70 | 48.00 | 0.71 | 16.30 |
| INCLUDING | 40.00 | 47.00 | 1.03 | 7.00 |
| JP-2023-P6B | 26.20 | 34.20 | 0.81 | 8.00 |
| JP-MAIN-2023-03 | 68.05 | 75.20 | 1.03 | 7.15 |
| JP-MAIN-2023-04 | 2.70 | 8.00 | 1.68 | 5.30 |
| JP-MAIN-2023-05 | 5.62 | 10.70 | 1.32 | 5.08 |
| JP-MAIN-2023-06 | 8.00 | 12.22 | 0.95 | 4.22 |
| JP-MAIN-2023-06 | 19.23 | 35.00 | 1.08 | 15.77 |
| INCLUDING | 20.23 | 26.23 | 2.04 | 6.00 |
| JP-MET-2023-01B | 35.92 | 51.90 | 0.94 | 15.98 |
The Company expects to publish a NI 43-101 compliant mineral resource estimate in the first half of 2024 which will include results from drilling up to the end of 2023. Existing infrastructure in the area (roads, power, labour force) and the proximity to a major port is a distinguishing feature of the Jackpot lithium project which differentiates it from more remote lithium projects. This infrastructure should positively impact the overall project economics in the future.
The Jackpot Main Zone consists of five stacked pegmatite dike sheets of varying thickness, called Pegmatite A through E (Figure 3). The pegmatite sheets generally have an east-west strike and dip shallowly to the north (Figure 3). Drilling will continue to expand Pegmatite A and Pegmatite C up-dip and to the east, while the north zone will continue to be expanded down dip from the current intercepts. An updated geological model will assist with drill targeting and the advancement of the NI 43-101 resource estimate.
Figure 3. Isometric view looking NW of the Jackpot Main Zone pegmatite dikes A through E.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/194372_figure3.jpg
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected core rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. From 1 to 2 kg of till material was collected, cleaned of coarse pebbles (>16 mm), put in Kraft paper sample envelopes, and stowed in plastic bags for transport to the core shack in Nipigon. For each sample collected; the sample number, UTM coordinates, and a brief material description were systematically noted. The samples were dried for at least 48h at the core shack. All sample bags containing rock or soil material were put in rice pouches and kept securely before being sent by road transport to the AGAT Laboratories in Thunder Bay, Ontario. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish.
Qualified Person
The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the TransCanada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The property contains known lithium-bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
* The estimates presented above are treated as historical information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194372
2024-01-16 07:00:00
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to provide an update on its ongoing exploration activities at the Jackpot lithium project, located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 km north-east of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing pegmatite dikes distributed across the 18,800 ha land package.
Highlight holes from the ongoing drill program at the Jackpot Main Zone include:
- 14.35 m grading 1.22% Li2O in hole JPMET-2023-03;
- 12.05m grading 1.06% Li2O in hole JPMET-2023-02;
- 9.98m grading 1.14% Li2O in hole JPMET-2023-01B; and
- 9.0m grading 1.00% Li2O in hole JP-2023-P1.
Drilling is currently ongoing at the Jackpot Main Zone with the goal of expanding the lithium resources. Areas being tested included the northern area of the Jackpot Main Zone where the Company is seeing another stacked dike and intercepting pegmatites up to 20m in thickness, as well as the eastern extension of the Jackpot Main Zone which can expand the mineralization along strike (see Figure 2). The terrane north of the Jackpot Main Zone, also includes the Point Lithium area which will be drilled this winter.
J.C. St-Amour, President of Imagine, commented, "We are expecting our exploration drilling program to continue into the fall and winter months as we evaluate areas to the north and east of the Jackpot Main Zone to continue building on historical resources and add to the success of the 2022 drill program, which nearly doubled the length of the mineralized lithium zone to 900 m. Drilling will also continue to investigate targets outside the Jackpot Main Zone, including the Point Lithium area, which appears to parallel the Jackpot pegmatite dikes."
Figure 1: Jackpot Property located next to Trans Canada Highway, power, port, railroad and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/185060_3ea6226cb45a2bf1_001full.jpg
Figure 2. New lithium intercepts from the recent DDHs collared on the Jackpot Main Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/185060_3ea6226cb45a2bf1_002full.jpg
Table 1. Significant Li2O (%) intervals obtained from the 2023 drilling program in the Jackpot Main Zone and the 500m pegmatite and SW areas of the Jackpot property.
| Hole no. | From (m) | To (m) | Interval (m) | Li2O (Wt.%) |
| JPMET 2023-03 | 82.40 | 97.25 | 14.35 | 1.22 |
| JPMET 2023-04 | 31.90 | 42.96 | 11.06 | 0.83 |
| JP-2023-P1 | 69.50 | 73.50 | 4.00 | 0.72 |
| - and - | 89.00 | 91.00 | 2.00 | 0.97 |
| JP-2023-P2 | 76.80 | 82.14 | 5.34 | 0.96 |
| - and - | 89.50 | 98.50 | 9.00 | 0.91 |
| - and - | 123.75 | 126.60 | 2.85 | 1.10 |
| JP-2023-P3 | 8.00 | 12.70 | 4.70 | 1.34 |
| JPMET-2023-02 | 80.00 | 92.05 | 12.05 | 1.06 |
| JP-MET-23-01B | 35.92 | 45.90 | 9.98 | 1.14 |
| 45.90 | 51.90 | 6.00 | 0.62 | |
| SW-2023-03 | 4.98 | 8.00 | 3.02 | 1.02 |
| SW-2023-03B | 3.67 | 6.68 | 3.01 | 2.02 |
| 2023-PG-500-06 | 27.62 | 31.77 | 4.15 | 0.58 |
*Apparent thickness
The 2023 summer drill program also investigated the 500-m long spodumene-bearing pegmatite located 1.8 km NW of the Jackpot Main Zone (Figure 3). Eleven holes totalling 1,689 m were completed and traced a continuous pegmatite that appears open to the east and west. The best intercept yielded 1.31 % Li2O over 4.15 m. This EW-trending dike may be associated with the Point Lithium granitic pegmatite and merits further investigation.
In addition, a drilling program tested the 'SW pegmatites', located 1.4 km SW of Jackpot (Figure 3), where channel samples in 2022 returned 10.3 m grading 1.23% Li2O and 10.0 m grading 1.02% Li2O. Twenty-two diamond drill holes were completed totaling 3,093 m. Lithium concentrations appear to decrease west of the main showing. The area to the east of main spodumene-bearing dikes remains to be drilled.
The best intersections from three holes in these areas are presented in Table 1 and Figure 3.
Figure 3. Localization of the 2023 drillholes NE (500 m pegmatite) and SW of the Main Jackpot Zone, with the preliminary Li results of till samples collected in the area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/185060_3ea6226cb45a2bf1_003full.jpg
Till Sampling
A large campaign of till sampling was carried out this season, targeting the less explored areas of the property. These areas have a significant potential for discovery of new spodumene-bearing pegmatites. Grids of 200 m x 100 m were implemented to collect C-Horizon material (basal till). Preliminary results from the high-potential areas lying to the north and southeast of the Main Jackpot Zone and covering the 500 m and Point Lithium pegmatites indicate a significant number of till samples having lithium concentrations > 40 ppm (40-163 ppm). These lithium values extend over an area of 4.2 km2 located between the two pegmatite sites (Figure 3). The Company believes this represents significant exploration potential and plans to systematically drill the area over the winter months.
Prospecting and Sampling
A prospecting and sampling program covering potentially fertile zones for discovering Li-rich pegmatite dikes was recently completed. Systematic rock sampling of granitic pegmatite dikes and granitic plutons was carried out in the southeastern and southwestern areas of the property around Cosgrave Lake and in the northeastern sections on the shore and islands of Barbara Lake (Figure 4). The selection of exploration targets was largely based on the proximity of granitic rocks having chemical signatures and mineralogy (ex: muscovite, biotite, tourmaline, garnet) that could indicate the occurrence of spodumene-bearing pegmatite dikes at their periphery. The Company intentionally chose areas with limited historical exploration and will develop further exploration programs based on the coming results from these sampling programs. The Company is awaiting final assay results which will help to conduct follow-up exploration.
Figure 4. 2023 exploration target areas for rock and till sampling, Jackpot property.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/185060_3ea6226cb45a2bf1_004full.jpg
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected core rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. From 1 to 2 kg of till material was collected, cleaned of coarse pebbles (> 16 mm), put in Kraft paper sample envelopes, and stowed in plastic bags for transport to the core shack in Nipigon. For each sample collected; the sample number, UTM coordinates, and a brief material description were systematically noted. The samples were dried for at least 48h at the core shack. All sample bags containing rock or soil material were put in rice pouches and kept securely before being sent by road transport to the AGAT Laboratories in Thunder Bay, Ontario. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish.
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P. Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the TransCanada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The property contains known lithium-bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
* The estimates presented above are treated as historical information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185060
2023-10-24 06:00:00
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2023) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce significant assay results from its 2022 drill program at the Jackpot lithium project located within the rapidly emerging lithium camp in the Georgia Lake Area, approximately 140 km north-east of Thunder Bay, Ontario (see Figure 1).
The 2022 drill program has almost doubled the mineralized lithium zone by 400 metres along strike to the east of the previously drilled main Jackpot Zone. The gently dipping zone now extends a total of 900 metres along strike and 300 metres down dip, to a depth of 200 metres. The zone consists of multiple stacked spodumene rich pegmatite dikes. The results reported today are located to the east and north-east of the Main Jackpot Zone (see Figure 2).
Highlights of the assay results reported today include:
J.C. St-Amour, President and CEO of Imagine, commented, "The results announced today include the best intercepts drilled to date on the Jackpot property both in terms of thickness and grade. The Jackpot property is not only ideally located within a rapidly emerging lithium camp, but is very close to infrastructure, including roads, power generation and transmission facilities. Our drill program continues to expand the main Jackpot zone to the northeast, almost doubling the known strike length of the pegmatite swarm. The 2022 drill program was aimed at increasing the size of the historical resource both along strike and at depth, and today's results are a clear indication that the campaign will have achieved its objective. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in 2023. Furthermore, the deposit remains open along strike, which could provide for even more expansion as we proceed with further drilling in the near future."
Figure 1: Jackpot Property located next to Trans Canada Highway, power, port, railroad and workforce.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/154819_88553476a47b0bbc_001full.jpg
Figure 2: Assay Results from 2022 drill program. Drill holes highlighted in light green are related to the today's assay results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/154819_88553476a47b0bbc_002full.jpg
Table 1: Significant assay results from 2022 drill program.
| DDH no. | Li2O (%) | From (m) | To (m) | Interval* (m) |
| JP-22-11B | 0.44 | 201.42 | 220.33 | 18.91 |
| JP-22-39 | 1.11 | 80.20 | 87.20 | 7.00 |
| JP-22-39B | 1.21 | 147.00 | 172.46 | 25.46 |
| Incl. | 1.88 | 154.00 | 164.00 | 10.00 |
| JP-22-41 | 1.78 | 48.66 | 53.66 | 5.00 |
| JP-22-53 | 1.10 | 62.00 | 70.00 | 8.00 |
*Apparent thickness
In addition, some of the regional exploration holes drilled to the north-east have intercepted elevated tantalum values in random samples (see Figure 3). Further investigation of this area is warranted to evaluate a link to a tantalum rich area discovered in the 2018 drill program.
Figure 3: Drill hole map indicating areas of higher tantalum concentrations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/154819_88553476a47b0bbc_003full.jpg
Imagine is very interested in exploration targets elsewhere on the property, including areas to the north-east and north-west of Jackpot. Grab samples were taken from the north-west of the property along a 500 metres strike length. The samples returned values containing lithium grades of up to 2.72% Li2O. (See press release dated January 26, 2023.)
On the southwest area of the property where channel samples returned 10.3 metres grading 1.23% Li2O and 10.0 metres grading 1.02% Li2O more exploration drilling is required to define the proper geometry of the pegmatite dikes which are well mineralized at surface. The mineralized zone is yet to be determined with current drilling therefore Imagine will be revisiting the area this year.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. Sample bags were then put in rice pouches and kept securely before being sent by road transport to the Actlabs laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-OES method (8-Li package), whereas tantalum was determined by 4-acid "near total" digestion using the ultratrace ICP-MS method.
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
Corporate Matters
Further to the news release of January 26, 2023, Imagine Lithium wishes to report that OGIB Corporate Bulletin, an arms length firm, has been engaged to provide market awareness services over a term of 6 months and was paid $200,000 up front.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154819
2023-02-15 06:30:00
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce positive preliminary results from metallurgical testing at it's Jackpot Lithium Project, for which the highlights are presented below:
Additional metallurgical tests will be conducted to confirm these results.
JC St-Amour, President of Imagine Lithium said, "We are very pleased with the initial metallurgical tests on the Jackpot spodumene-bearing granitic pegmatite dykes indicating a high recovery and elevated lithium concentrates can be produced from simple metallurgical processes. A 6% lithium concentrate is the industry standard and concentrate prices are quoted at a 6% Li2O grade. Low iron is also desirable as it increases the addressable market for our product (battery, glass and ceramics markets). Given that metallurgical analysis and results are an important input in the customer engagement process, we believe this is an important step in our consideration of multiple commercial opportunities for our lithium products in tandem with continued exploration program."
The Jackpot Lithium project is located approximately 40 km North of the town of Nipigon, Ontario and is near infrastructure including the Trans-Canada Highway, power, rail service, and ports (See Figure 1).
Figure 1: Jackpot Lithium Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/154235_d5a145f3c42e4b23_002full.jpg
With respect to it's 2022 drilling campaign, the Company expects to be able to announce its remaining assay results in the coming week.
Corporate Matter
In addition, the Company has engaged OGIB Corporate Bulletin to provide investor awareness services for $200,000 plus applicable taxes. OGIB Corporate Bulletin is based in Vancouver, BC and operates under the direction of Mr. Keith Shaefer.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. Sample bags were then put in rice pouches and kept securely before being sent by road transport to the Actlabs laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-OES method (8-Li package).
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and approximately 40 km North of the town of Nipigon, Ontario, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
About Imagine Lithium Inc.
Imagine Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154235
2023-02-09 07:00:00
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2022) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce assay results from channel samples collected as part of its prospecting program on the Jackpot lithium property located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario. The channel samples were collected in an area approximately 1 km southwest of the Jackpot Main Zone where analyzed grab samples provided significant Li2O concentrations (see September 7, 2022 Press release).
Highlights of the channel results reported today include:
10.3 m @ 1.23% Li2O, including 4.0 m @ 2.88% Li2O; and
10.00 m @ 1.02% Li2O, including 6.00 m @ 1.56% Li2O.
J.C. St-Amour, President of Imagine commented, "I am very pleased with the channel samples as they were taken from the southwest region of the property that delivered previously reported mineralized lithium grab samples, meaning this section of the property seems well mineralized at surface. Not only does this area justify further exploration work, but our prospecting program has identified several spodumene bearing pegmatite dikes within 2 km of the Jackpot Main Zone that provide additional targets for future exploration and drill programs. We are confident that in addition to expanding the Jackpot deposit through our current drill program, we will have potential to find additional deposits on the broader Jackpot property."
All five channels taken from Site 1, where a spodumene-bearing pegmatite was traced over 80 m, returned intervals containing lithium grades ranging from 0.64% to 2.88% Li2O (see Figure 1 and Table 1). Five additional sites submitted to channel sampling also returned intervals containing 0.75% to 2.15% Li2O. The area to the west and southwest of Jackpot includes several spodumene bearing pegmatite outcrops including some that have been traced for between 80 m and 200 m (Figure 1). The Company plans to complete follow-up prospecting and sampling work in this including additional drilling.
Figure 1: Air photo map showing the location of the channel sampling sites in the southwestern area of the of the Jackpot property. The significant Li2O % intervals are reported on the map.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2962/146024_2293dec0344fcbbc_002full.jpg
Table 1: Table of Channel Sample Results
| Site | Channel No. |
Easting* | Northing | Elevation | Azimut (°) |
Weighted Mean (Li2O wt. %) |
Interval (m) |
| 1 | 1 | 431238 | 5460809 | 456 | 340.0 | 1.02 | 10.0 |
| Incl. | 1.56 | 6.0 | |||||
| 1 | 2 | 431234 | 5460803 | 450 | 344.0 | 0.64 | 2.7 |
| 1 | 3 | 431219 | 5460794 | 451 | 312.0 | 1.23 | 10.3 |
| Incl. | 2.88 | 4.0 | |||||
| 1 | 4 | 431210 | 5460791 | 447 | 1.63 | 3.0 | |
| 1 | 5 | 431199 | 5460786 | 447 | 320.0 | 0.90 | 7.0 |
| 2 | 1 | 431250 | 5460857 | 448 | 342.0 | 0.75 | 9.0 |
| 3 | 1 | 431306 | 5460911 | 453 | 136.0 | --- | --- |
| 4 | 1 | 431358 | 5460962 | 451 | 138.0 | 1.84 | 2.0 |
| 5 | 1 | 431161 | 5460724 | 454 | 142.0 | 1.40 | 1.3 |
| 6 | 1 | 430969 | 5460678 | 461 | 172.0 | 2.15 | 0.9 |
*NAD83; Zone 15N
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. Sample bags were then put in rice pouches and kept securely before being sent by road transport to the Actlabs laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-OES method (8-Li package).
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
About Imagine Lithium Inc.
Imagine Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146024
2022-11-29 07:00:00
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2022) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce assay results from its ongoing drill program at the Jackpot lithium project. The drill program is designed to test targets along strike both to the east and west of the Jackpot lithium project located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario (see Figure 1). All of today's reported results are located within the eastern extension of the Jackpot property and are outside the known historically drilled Jackpot Main Zone. The current drill program has expanded the mineralized lithium zone at least 400 metres to the east of the previously drilled area (see Figure 2).
Highlights of the assay results reported today include:
Hole JP-2022-21C: 21.0 m @ 1.16% Li2O, including 8.0 m @ 1.40% Li2O;
Hole JP-2022-21B: 3.00 m @ 0.92 Li2O % and 11.00 m @ 0.87 Li2O %
Hole JP-2022-16: 5.02 m @ 1.12% Li2O and 3.12 m @1.35 Li2O %
Figure 1: Jackpot Property located next to Trans Canada Highway, power, port, railroad and workforce
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/141034_578334d55497f980_002full.jpg
Figure 2: Assay Results from 2022 drill program. Drill holes highlighted in light green are related to the today's assay results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/141034_578334d55497f980_003full.jpg
J.C. St-Amour, President of Imagine, commented, "Today we announced one of the best intercepts to date on the Jackpot property both in terms of width and grade. I am very pleased that these results are to the east of our primary historical area of drilling on the property and they demonstrate the property's expansion potential. Also, it is important to note that all our results so far this year have been very shallow, from surface to ~100 metres, meaning the dikes are at or near surface. The drill program is ongoing and aimed at increasing the size of the historical resource both along strike but also to the north by testing additional parallel pegmatite targets."
The current drill program is designed to test possible extensions of the Jackpot deposit along a known lithium bearing trend. To date 6,755 metres have been drilled with results returned from approximately 3,463 metres. The Company will release drilling and sampling results as they become available.
Table 1: Assay Results from 2022 drill program.
| DDH_no. | Li2O (wt. %) | From (m) | To (m) | Length (m) |
| JP-2022-15 | 1.60 | 38.00 | 38.69 | 0.69 |
| 0.58 | 45.40 | 47.40 | 2.00 | |
| JP-2022-16 | 0.52 | 17.45 | 22.48 | 5.03 |
| 0.87 | 24.48 | 33.04 | 8.56 | |
| Incl. | 1.12 | 24.48 | 29.50 | 5.02 |
| 0.64 | 33.10 | 36.20 | 3.10 | |
| 0.85 | 40.88 | 46.85 | 5.97 | |
| Incl. | 1.35 | 40.88 | 44.00 | 3.12 |
| JP-22-21B | 0.92 | 74.95 | 78.00 | 3.00 |
| 0.87 | 82.00 | 93.00 | 11.00 | |
| JP-2022-21C | 1.16 | 32.66 | 53.66 | 21.00 |
| Incl. | 1.40 | 32.66 | 40.66 | 8.00 |
*Apparent thickness
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. Sample bags were then put in rice pouches and kept securely before being sent by road transport to the Actlabs laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-OES method (8-Li package).
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
About Imagine Lithium Inc.
Imagine Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141034
2022-10-19 06:00:00
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce assay results from previously unsampled core that were drilled in 2018. The drillholes tested lithium-bearing granitic pegmatite dikes within the main dike swarm of the Jackpot project. Results include 8 m grading 1.28% lithium oxide (Li2O) (Hole J-18-M-04) and 8.8 m grading 1.02% Li2O (Hole J-18-M-03). See Table 1 below for detailed results.
J.C. St-Amour, President of Imagine Lithium commented, "Once we refocused on the Jackpot Lithium project our new geological team reviewed all the historical drill core from the 2018 drill program and immediately identified significant spodumene mineralization in unsampled core. I am pleased that the assay results confirm the visuals that we have been seeing at the Jackpot project. "We are looking forward to seeing results from our current drill program, which is designed to not only test the main dike swarm but also to expand on the known historical resource area and investigate the extents of the known dikes as well as previously undrilled lithium showings. The drill program is progressing well, with five holes completed with samples in the lab."
Table 1: Assay Results from Previously Unsampled Drill Holes (2018), Jackpot Property.
| DDH_ID | Li2O (wt.%) | Interval (m) | From (m) | To (m) |
| J_18_M_04 | 1.28 | 8.00 | 36.00 | 44.00 |
| J-18_M_03 | 1.02 | 8.80 | 66.20 | 75.00 |
| J_18_M_02 | 0.81 | 2.70 | 77.30 | 80.00 |
| and | 0.43 | 4.20 | 82.00 | 86.20 |
| J_18_M_01 | 0.69 | 4.00 | 80.00 | 84.00 |
Figure 1: Collar Locations for the 2018 and 2022 Drill Programs.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2962/123571_34f601bc84b84b77_002full.jpg
Further to our news release dated March 21, 2022, the Company announces that the issuance of 8,000 common shares for the purchase of additional ground within the Jackpot property are payable 50% to Gravel Ridge Resources Ltd. (controlled by Michael Frymire and Pamela Katie Misener) and 50% to 154423 Ontario Inc. (controlled by Julia English and Perry English). In addition, the agreement with the First Nations Groups was signed on March 18, 2022.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*. The Company recently acquired additional claims with identified lithium showings located on strike to the main historical resources.
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123571
2022-05-11 06:00:00
