Spod Lithium Corp. announced results from lithium grab samples and geometric survey from its prospecting program at MegaLi and La Grande 4 properties in James Bay, Quebec. The pegmatite dyke swarms were identified over kilometric strike lengths through a combination of magnetic Lidar and a gravimetric survey, which was undertaken by Spod in late 2023.

Results received from 101 bedrock samples confirmed lithium anomalies with results as high as 440 ppm Li with 14 results between 0.026% and 0.095% Li2O. Rubidium enrichment, which is common in a spodumene bearing environment, averaged 1,480 ppm to a maximum value of 2,920 ppm. Cesium, tantalum, and niobium are also present and enriched.

A gravimetric survey covering the main sample cluster and extending to the north-west on an area covered by overburden was conducted. The survey identified a series of well-defined gravimetric contrasts parallel to the Block C pegmatite creating a kilometric wide sub-parallel swarm. Interpretation of the survey and sampling has identified 16 sub-outcropping and shallow depth targets covering an area of 1 km X 1 km.

The targeted area will be used to plan a drill program to explore this section of the pegmatite. MegaLi and La Grande 4 project potential189 bedrock samples and 28 boulder samples were taken on the 6 blocks composition the MegaLi and LaGrande 4 properties. Except for block B, all blocks delivered Li anomalies above 100 ppm Li associated with strong rubidium concentrations.

Overall, the lithium results obtained, combined with the interpretation of recently acquired airborne magnetic survey, support the conclusion that MegaLi and La Grande 4 claims blocks are included in whole or in part in the Trieste volcanic Formation which is known to host the Corvette spodumene system. The next table provides a summary of lithium-rubidium-tantalum results obtained by claim blocks. claim block Li (ppm) Ta (ppm) Number of bedrock samples: Block A > 100ppm Li: 3 samples Average Rb: 1,085 ppm highest result: 19 highest result: 2,940 ppm (P190835) 108.5 ppm Ta (N158129)540 Li ppm (P190835); Block B No significant result: 1,422 ppm No significant result; 2,012 ppm No significant result; 4,920 ppm (P190835), Block C > 100ppm Li: 10 samples Average Rb: 1.012 ppm No significant result: highest result: highest result: highest results: highest result: highest result; and 4,920 ppm (P 190835); Block C > 100ppmLi: 10 samples Average Rb; 1,012 ppm No significant result: Highest result: highest result: highest end of 2,920ppm Li (P190828); Block D > 100ppm Li: 2 samples average Rb: 1,463 ppm No significant result; highest result: 2,700ppm Li (P191676); Block E > 100ppm Li: 1 samples Average Rb: 443 ppm No significant result 23; highest result: 1,070ppm No significant result; and 4,190 ppm Li (P190807); Block F > 100ppm Li: three samples average Rb: 3 samples average Rb: 1.5 ppm; and 4.5 ppm.