- Outline and broaden the recognized spodumene-bearing pegmatites zones, such because the Final Resort and the Bounty Gold Pegmatites on the Victory Undertaking and the Wenasaga North Zone on the Ear Falls Undertaking.
- Drill take a look at the completely different potential areas alongside the exploration corridors to proceed to show the continuity, the scale, and the potential of each initiatives.
The stripping program is designed to reveal further pegmatites for sampling and mapping and likewise establish and prioritize drill targets.
As beforehand introduced, greater than 240 drill core samples from Ear Falls, 25 channel samples from Victory and over 120 seize samples from completely different initiatives are nonetheless pending within the lab. Past Lithium anticipates the outcomes of those samples to turn into accessible over the following few weeks. As soon as all outcomes are obtained, Past Lithium will full an general technical assessment of all of the initiatives and can finalize and announce a complete exploration plan for 2024.
“Within the final six months, we have now explored 50 of our 63 initiatives (79.4%), superior 18 initiatives to Part 2 exploration and have ten extra extremely potential initiatives to start out exploring in 2024. We additionally made three important discoveries, together with two spodumene discoveries which at the moment are transferring to the drilling stage,” mentioned Allan Body CEO of Past Lithium.
He added: “Most of our initiatives are near glorious infrastructure with nice entry situated throughout Ontario which permits us to have longer subject season for exploration to offer regular information circulation for our shareholders. We stay up for sharing the assay outcomes from the greater than 385 samples nonetheless within the lab as we obtain and analyze them.”
Victory Spodumene Undertaking
The Victory Undertaking is comprised of the Victory Fundamental (7,874 ha) and the Victory West (8,808 ha) Tasks totaling 16,682 hectares in an space situated within the Medication Lake space close to the cities of Vermilion Bay, Dryden and the town of Kenora. The Victory Undertaking at present consists of two spodumene-bearing pegmatites, the Bounty Gold Pegmatite and the Final Resort Pegmatite. These two spodumene-bearing pegmatites are 40 to 50 m large and over 200-300 m uncovered alongside strike on floor (Determine 1). The Victory Undertaking has:
- Substantial width and dimension for the spodumene-bearing pegmatites.
- As much as 5.11% Li2O on the Final Resort Pegmatite and as much as 3.48% Li2O on the Bounty Gold Pegmatite from spodumene-bearing pegmatite seize samples.
- District scale synergy with the Ear Falls Spodumene Undertaking and the Mavis Lake Group Tasks (Satellite tv for pc, Laval, Gullwing-tot, Webb East, Webb West, Temple Bay, Ogani Lake, and McKenzie Bay) as they’re inside 100 km of one another and three regionally important lithium deposits (Determine 3).
- A 6-kilometer-long structural managed exploration pattern between the Bounty Gold and the Final Resort Pegmatites for exploration.
Determine 1 Victory Undertaking Map
Ear Falls Spodumene Undertaking
The Ear Falls Undertaking (20,623 ha), beforehand known as the Wenasaga Undertaking, is situated proper outdoors the city of Ear Falls, Ontario. Ear Falls has glorious infrastructure together with freeway and logging street entry, energy strains, providers, and native labor (Determine 2). Within the 2023 exploration program at Ear Falls, Past Lithium:
- Found the Wenasaga North Zone, a spodumene-bearing pegmatites zone, with seize samples as much as 4.54% Li2O.
- Found the Sandy Creek West Zone alongside a 100m large ridge with seize samples from pegmatites outcrops assayed as much as 0.4% Li2O.
- Reported that seize samples from the Sandy Creek West Zone are as extremely fractionated because the spodumene samples collected from the Wenasaga North Zone.
- Confirmed a 13 kilometers lengthy exploration structural managed hall with lithium mineralization.
- Delineated steady higher-grade lithium zone enveloped by wider intervals via stripping and channel sampling.
- Accomplished an preliminary 7 holes drilling program that intercepted new subparallel pegmatite dyke at depth that was not uncovered on floor beforehand.
Determine 2 Ear Falls Undertaking Map
Determine 3 Regional map exhibiting location of Past Lithium initiatives relative to different important close by deposits.
Alain Lambert, Co-Founder and Capital Markets Advisor commented: “Past Lithium has achieved a lot success in 2023. Beginning 2024 with important drilling applications at Victory and Ear Falls marks an necessary milestone for our firm. I’m additionally happy with the progress we proceed to make on the company entrance with our venture generator enterprise mannequin. We stay dedicated to the identical disciplined strategy in our deal-making actions which has paid off on the exploration entrance. We’ll do issues on our personal timetable and solely do offers that enhance shareholder worth.”
Certified Particular person and Third-Social gathering Knowledge
The scientific and technical data on this information launch has been reviewed and authorised by Lawrence Tsang, P.Geo., VP Exploration of the Firm. Lawrence Tsang is a “certified individual” as outlined in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks.
About Past Lithium Inc.
Past Lithium Inc. is the biggest greenfield lithium exploration participant in Ontario with 63 excessive potential greenfield lithium properties totalling over 195,000 hectares. The Firm has adopted the venture generator enterprise mannequin to maximise funds accessible for exploration initiatives, whereas minimizing shareholder dilution. Past Lithium is advancing sure of its initiatives with its exploration crew and can search to choice different properties to three way partnership companions. Partnering on varied initiatives will present a supply of non-dilutive working capital, partner-funded exploration, and long-term residual publicity to exploration success.
Past Lithium at present has 33,874,482 frequent shares excellent.
For extra data, please confer with the Firm’s web site at www.beyondLithium.ca
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For additional data, please contact:
President and CEO
E mail: allan.frame@beyondLithium.ca
Supervisor of Communications
E mail: jason.frame@beyondLithium.ca