VAL-D'OR, QUEBEC, Dec. 30, 2021 /CNW Telbec/ - Vision Lithium Inc.
(TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or
"Vision Lithium") is pleased to announce initial high grade
lithium exploration results from its recently acquired Cadillac
Lithium property (the "Property"), including assays from
surface channel sampling and completion of two geophysical surveys.
The Property comprises a total of 320 claims covering 18,378
hectares (184 km2) located just 10 km south of the
historic mining town of Cadillac and approximately halfway between
the major mining centres of Rouyn-Noranda and Val-d'Or, in the province of Quebec, Canada.
Table 1. Channel sampling results
B Dike
Channel Sample
|
UTM-East
(m)
|
Length
(m)
|
Li2O %
Calculated
|
R8
|
687334.6
|
1.00
|
2.17
|
R9
|
687296.9
|
0.50
|
1.43
|
R10
|
687295.3
|
0.50
|
2.34
|
R11
|
687292.6
|
2.00
|
0.61
|
R12A
|
687289.2
|
1.00
|
0.08
|
R12B
|
687288.8
|
0.50
|
0.74
|
R13
|
687286.7
|
0.50
|
0.90
|
R14
|
687285.9
|
1.50
|
0.49
|
R15
|
687285.1
|
0.50
|
1.43
|
R16
|
687283.6
|
0.50
|
2.81
|
R17
|
687283.0
|
1.00
|
4.80
|
R18
|
687279.0
|
0.60
|
2.44
|
R19
|
687277.6
|
0.50
|
0.30
|
R20
|
687270.6
|
0.35
|
3.98
|
R21
|
687270.2
|
0.35
|
3.93
|
The Cadillac Lithium property hosts at least 4 known
spodumene-bearing pegamtitite dikes which are spaced approximately
100 metres apart and traced for at least 300 metres East-West along
strike. Since acquisition, the Company has completed the
following:
- Acquired permits for access trails prep, outcrop clearing and
sampling and a minimum 1,500 metre drill program. The Cadillac
Lithium occurrence has never been drilled.
- Sampled and assayed 21 separate short channel samples across
the main outcropping "B" dike over a strike length of 300 metres.
Results received for 15 channels over 65 metres strike length at
western end of outcrops (Table 1). 10 of 29 samples assayed were
above 1.00% Li2O with a high of 4.80% Li2O
over 1.00 m.
- Completed a high-resolution airborne MAG survey over more than
half the property. Combining the results of the survey with an
existing adjacent HiRes survey. Review and interpretation are
ongoing at this time.
- Acquired recent government LIDAR data for the entire property
and completed a re-interpretation of the data at higher resolutions
in order to define and refine potential pegmatite targets for
future exploration. The LIDAR report identified over 400 potential
pegmatite targets for ground proofing next summer.
Yves Rougerie, President and CEO
commented, "These first assay results confirm the widespread
occurrence of spodumene along 65 m of
the most western section of the B dike with high grades of 3.98%
and 3.93% at the extremity of the outcrop where the dike disappears
under cover. Another 235 m of B dike
to the East was channel sampled as well and results for these are
expected in January 2022. Based on
these early results, we can see the strong potential of the cluster
of dikes in this area of the property. Spodumene has been observed
in all the outcropping dikes and we also believe there are likely
more dikes in the cluster. Drilling will begin in January to
initially test the B dike over it's 300
m exposed length. We plan to aggressively explore the
Property over the winter by drilling the main cluster of dikes and
are planning for an exhaustive field exporation season next summer
over our very large tract of land."
Quality assurance/quality control (QA/QC)
The sampling program and the quality control program were
planned and supervised by Yves
Rougerie. The quality assurance and control protocol
involves the insertion of control or normalized samples on average
every 10 samples, in addition to the regular insertion in the
process of analysis of sterile, duplicate and standardized samples,
accredited by ALS Canada Ltd. Samples were transported from the
Cadillac Lithium project to a secure facility in Val-d'Or, Quebec where samples were prepared.
The sawed channels samples were bagged, sealed and transported to
the facility of ALS Chemex in Val-d'Or, where each sample was dried, crushed
and pulped (Prep-31). The samples were crushed to 70 per cent less
than two millimetres (CRU-31), riffle split, pulverize split to
better than 85 per cent passing 75 microns (PUL-31). Samples were
assayed for Lithium + 33 element by ICP-AES (ME-MS85)
and by 4Acid digestion for ore grade lithium samples (Li-OG63).
The scientific and technical information in this release has
been reviewed and approved by Yves
Rougerie, Geologist, President and CEO of the Company. Mr.
Rougerie is a "qualified person" as defined in National Instrument
43-101 - Standards of Disclosure for Mineral Projects. The
potential grades of exploration targets disclosed in this news
release are conceptual in nature. There has been insufficient
exploration to define a mineral resource and it is uncertain if
further exploration will result in the target being delineated as a
mineral resource.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on
exploring and developing high quality mineral assets including
lithium and copper in Canada. The
Company is led by skilled and qualified mineral exploration experts
and business professionals with a deep understanding of the battery
materials market, which is driven by lithium-ion batteries. Vision
Lithium is committed to discovering new, world-class assets and
bringing these assets to production, starting with the Godslith
lithium property located in Manitoba; the Cadillac Lithium property,
Sirmac lithium property and the Dôme Lemieux porphyry/skarn copper-zinc property,
all located in Quebec; its skarn
and breccia polymetallic Red Brook
and Benjamin properties in Northern New
Brunswick and its St.
Stephen nickel-copper-cobalt property in Southern New Brunswick.
For further information on the Company, please visit our website
at www.visionlithium.com or contact us at
info@visionlithium.com.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release includes certain "forward-looking statements" under
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to: potential mineralization, estimates of cut-off grade, the
potential to extend the estimates to other portions of the
Property, the Company's plans for further drilling and exploration,
and the long-term prospects of the lithium market. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. Such
risks and other factors include, but are not limited to: the
estimates may turn out to be inaccurate; additional drilling and
exploration may lead to a determination that there is no
potentially viable mine plan for the Property; general business,
economic, competitive, political and social uncertainties; delay or
failure to receive board, shareholder or regulatory approvals; and
the ability of the Company to execute and achieve its business
objectives. There can be no assurance that the forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Vision Lithium Inc.