The Property is located approximately 70 km east-northeast of
Highlights
Confirmation of historically mapped 'Lithium Pegmatite' (newly termed 'Chou Showing') returned three (3) outcrop samples of 2.33%, 1.68 % and 1.17%, Li2O
Newly discovered spodumene pegmatite, the 'Navet Showing', in the area historically described as tourmaline pegmatite with one (1) outcrop sample assaying 1.26% Li2O
Two (2) additional Lithium-Cesium-Tantalum ('LCT') pegmatite outcrops discovered (newly termed 'Courgette Showing') proximal to Navet Showing, assaying 867 ppm and 227 ppm Ta2O5
The 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.
Due to the work stoppage, the field team was not able to properly map the pegmatite outcrops discovered, nor complete a significant evaluation of the area surrounding the Chou and Navet showings. The area in between and extensions along strike, including the 300 ft x 70 ft potential spodumene zone identified from historical data compilation, remain to be fully evaluated. The Company will aggressively follow-up on these initial results as soon as conditions permit access, as well as continue to carry-out its wider lithium pegmatite exploration program as planned across the Property.
The two (2) confirmed spodumene pegmatite showings (Navet and Chou) on the Radis Property are along geological strike of the roughly 8-10 km discontinuous pegmatite outcrop trend present on the adjacent Mia Property, which is host to the Mia Li-1 (2.65% Li2O),
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.
Quality Assurace / Quality Control
All samples were collected in the fieldusing a hammer, chisel and/or a battery operated diamond bladed angle grinder. Locations were obtained using a handheld GPS or tablet with samples placed in pre-labelled sample bags. Metal tags with the sample numbers and flagging tape were left at each sample location. Samples were securely transported by field staff to SGS Canada's laboratory in in
Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
About the Radis Lithium Property
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The Company also has an option to earn a 100% interest in the Radis Lithium Property over a three-year period from
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Cautionary Note
The information contained herein contains '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, interpretation of exploration results, and the Company's future exploration 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 technical reports including 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 preliminary economic assessments, prefeasibility and feasibility studies, 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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