Ophir Gold Corp. announce that it has confirmed multiple spodumene bearing pegmatite outcrops on its Radis Lithium Property, located in the Eeyou Istchee James Bay, Quebec. The Property is located approximately 70 km east-northeast of Wemindji and proximal to the all-season Billy-Diamond Highway and hydro-power line infrastructure in the region.

The 2023 exploration program began on June 2nd and extended for just 1.5 days before being paused due to regional forest fires at the request of the ministry. While on site, field crews targeted the historically documented lithium/spodumene pegmatite outcrop occurrences identified from data compilation. Over this 1.5-day period, a total of eleven samples were collected from ten outcrops and one boulder.

Of these samples, four returned values >1.0% Li2O up to a peak value of 2.33% Li2O. The results confirm the presence of spodumene pegmatite on the Property at two locations - the Chou Showing (2.33% Li2O) and Navet Showing (1.26% Li2O), separated by approximately 2.1 km. Additionally, approximately 500 m along trend of the Navet Showing, towards the Chou Showing, two Lithium-Cesium-Tantalum 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 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 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), Mia Li-2 (2.27% Li2O), and Carte 1879 (1.65% Li2O) lithium occurrences. The 2023 prospecting work has confirmed that the lithium mineralization continues along trend onto the Radis Property, with only a small portion of the target area evaluated.