Manning Ventures Inc. Continues to Confirm Lct-Pegmatite with Very Anomalous Lithium At the Bounty Project, Quebec
January 24, 2023 at 01:56 pm EST
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Manning Ventures Inc. announce the analytical results from the second- pass of exploration on its 100% owned Bounty Lithium Property (the "Property"), located in the James Bay Lithium District of northern Quebec. The fall-2022 work program followed up on the spring-2022 work, with an additional 41 samples collected in areas that contained anomalous LCT-pegmatite. The highest value so far on the property was collected, containing 707 ppm lithium (0.15% Li2O). Additionally, it contains the highest amount of cesium (661ppm Cs) and very elevated Rubidium (1163ppm Rb); both adding confirmation to the LCT-style pegmatite model on the northern end of the property. The
company is very encouraged by the results of the program, and plans to focus on the area of the positive results in the spring of 2023. Satellite imagery suggests that there are outcrops nearby that have not yet been sampled.
Given the distribution of lithium content of other pegmatites in the James Bay Lithium District, the samples have been categorized into three categories as follows: Very anomalous (greater than 201 ppm lithium). a. Spring-2022: Seven samples on the Property are categorized as very anomalous, with up to 425 ppm lithium.b. Fall-2022: One sample of up to 707 ppm lithium (0.15% Li2O) was collected. Anomalous (81 to 200 ppm). a. Spring-2022: Sixteen samples categorized as anomalous, b. Fall-2022: six samples categorized as anomalous, and Not anomalous (below 80 ppm). The remaining samples are considered not anomalous. Those samples in the "very anomalous" category appear combined with elevated levels of tantalum, cesium and rubidium, which confirms the Lithium-Cesium-Tantalum (LCT) style pegmatite affinity for the Property. Additionally, the abundance of tourmaline amongst the
common pegmatite mineralogy of feldspar, quartz and mica adds to the LCT affinity. The spatial distribution of the very anomalous pegmatites, clustering in the center of the Property, within the volcano-sedimentary country rock is thought to be a positive exploration attribute, given the deposit model within the James Bay Lithium District. The James Bay Pegmatite District of Quebec is known to host several large lithium pegmatite deposits including:
James Bay Project of Allkem. Corvette Property of Patriot Battery Metals; Rose Lithium-Tantalum Deposit of Critical Elements Lithium Corp; and Whabouchi Lithium Deposit of Nemaska Lithium; Spodumene bearing pegmatites are important sources of hard rock lithium. With rising EV demand lithium hydroxide and lithium carbonatite prices have risen by over 200% during 2021. Despite the price rises the forecast lithium market imbalance will continue to increase dramatically in coming years.
Manning Ventures Inc. is a mineral exploration and development company. The Company is in the exploration stage and its principal business activity is the sourcing and exploration of mineral properties. It holds a 100% interest in the Bounty Lithium Project and the Dipole Lithium Project. The Company also retains interest in six iron ore properties located in the Province of Quebec, and portfolio of polymetallic projects in Newfoundland, including Lac Simone, Hope Lake, Broken Lake, Heart Lake, Hydro, Butterfly Pond, Mount Hogan, Red Indian Lake, and Little Sheep Brook. Bounty Lithium is located within the Eastmain Greenstone Belt in the James Bay Pegmatite District of west-central Quebec, containing 89 mineral claims totaling 4,659 hectares. The Dipole property is located approximately 50 kilometers (kms) along strike from the Kraken discovery and within the Hermitage flexure. The Lac Simone Property is situated approximately 2-to-10 km south of Fermont, QC.
MANNING VENTURES INC. 
