Exploration activities will be prioritized on the three showings identified in early June which provided the results below (also see news release dated
Navet Showing in the area historically described as tourmaline pegmatite with one (1) outcrop sample assaying 1.26% Li2O
Courgette Showing, which returned assay values of 867 ppm and 227 ppm Ta2O5
Crews will focus on the detailed mapping of the identified showings, locating possible extensions along strike and prospecting areas yet to be fully assessed, including the 300 ft x 70 ft potential spodumene zone identified from historical data compilation, which has yet to be evaluated.
The field work, along with the high-resolution magnetic data recently conducted will be utilized to assist drill targeting of the Chou Showing (2.33% Li2O), and the Navet Showing (1.26% Li20), as well as other potential targets the program identifies, for a maiden drill program in Q4 2023/ Q1 2024. Timing of the drill program will be based on both the availability of resources, as well as adequate field time to access and prioritize drill targets.
The initial 2023 exploration program began on
Additionally, approximately 500 m along trend of the Navet Showing, towards the Chou Showing, two (2) Lithium-Cesium-Tantalum ('LCT') pegmatite outcrops (the Courgette Showing) were discovered. Although poorly mineralized in lithium, both samples returned high-grade tantalum (227 ppm and 867 ppm Ta2O5, respectively). This discovery further strengthens the potential of the trend between the Navet and Chou showings and highlights the presence of a sizable LCT pegmatite system in the area. As a LCT pegmatite with nominal lithium content, may be immediately proximal to a LCT pegmatite with significant lithium content, the presence of these two (2) outcrops is significant.
Management cautions that past results or discoveries on adjacent properties (i.e. Mia) may not necessarily be indicative to the presence of mineralization on the Company's properties (i.e.
The Company also announces that, subject to regulatory approval, it has retained the services of
JTG has been contracted to provide comprehensive investor relations and strategic communications services. JTG is based in
About the Radis Lithium Property
In
About the Company
The Company also has an option to earn a 100% interest in the Radis Lithium Property over a three-year period from
Contact:
Tel: 1 (604) 365 6681
Email: swestcott@ophirgoldcorp.com
Cautionary Note
The information contained herein contains 'forward-looking statements' and 'forward-looking information' (collectively referred to as 'forward-looking statements') within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable and include statements in this press release related to the exploration and discovery potential of the Property, the details of the planned exploration program on the Property, the strong lithium pegmatite exploration potential on the Property, the strong potential of the Radis Property, potential targets on the Property and the Company's future plans with respect to the Property. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of technical reports, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
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