Highlights:
- Five spodumene-bearing pegmatites drill-confirmed at Bergby to date, with a collective strike length of 4,000 m and thickness up to 24 m;
- Drilling assay results for Pegmatite D include:
- 1.92% Li2O over 26.80 m from 3.60 m depth down hole (hole BBY23132);
- 1.54% Li2O over 28.01 m from 9.12 m depth down hole (hole BBY23135);
- 1.82% Li2O over 12.97 m from 14.05 m depth down hole (hole BBY23138); and
- 1.96% Li2O over 9.68 m from 38.87 m depth down hole (hole BBY23141).
- New discoveries Pegmatite D and Pegmatite E currently being drilled; and a sixth, Pegmatite F, discovered in an outcrop, yet to be drilled;
- Fully funded drill program expanded by 50% to 6,000 m continuing into Q1 2024;
- Newly identified pegmatite outcrops and several unsourced spodumene-bearing pegmatite boulder trains remain to be further explored, and
- Much of the district-scale project is yet to be explored.
“Today’s results are very exciting, and with the diamond drilling ongoing at Bergby, we are encouraged at the prospect of further discoveries,” stated
“This is a thrilling time for the team as we continue to make new discoveries at Bergby,” stated
Drill Program Details
The 2023 Bergby Drill Program (the “Drill Program”) commenced in
Based on the success of the 2023 Drill Program so far, drilling has been expanded to approximately 6,000 m and is expected to be completed in Q1 2024. To date, 4,291.50 m has been completed across 50 holes in newly discovered Pegmatites D and E. Of these, 44 intercepted pegmatite and 38 holes have confirmed spodumene (visually identified). Results are reported here for 14 drill holes (refer to Table 1 and Table 2), completed between mid-April and mid-June, 2023. Further assay results are pending for the remainder of Pegmatite D and Pegmatite E. The 2023 Drill Program is fully funded after completing a
Pegmatites D and E lie 2,600 m and 3,200 m north northwest, respectively, from the first discovery, Pegmatite A, which was first drilled in 2017 by a previous operator (see Figure 1). Figure 1 highlights the modelled Pegmatite D system based on drilling to date and shows the 14 holes for which Li2O assays have been received and reviewed. Photos of spodumene-bearing drill core can be viewed on the Company website at www.unitedlithium.com/sweden. All spodumene-bearing pegmatites drill tested at Bergby were identified by outcrop and boulder train mapping. Table 3 summarizes the pegmatite discoveries at the
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Figure 1:
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Table 1:
Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth (degrees) | Dip (degrees) | Depth (m) |
BBY23131 | 612382 | 6763102 | 27 | 310 | -45 | 107.80 |
BBY23132 | 612351 | 6763132 | 29 | 310 | -45 | 45.00 |
BBY23133 | 612329 | 6763162 | 30 | 140 | -60 | 68.95 |
BBY23134 | 612316 | 6763091 | 30 | 310 | -45 | 65.85 |
BBY23135 | 612337 | 6763110 | 30 | 310 | -45 | 56.95 |
BBY23136 | 612343 | 6763106 | 29 | 310 | -70 | 68.75 |
BBY23137 | 612371 | 6763147 | 27 | 310 | -45 | 58.80 |
BBY23138 | 612393 | 6763167 | 26 | 310 | -45 | 50.85 |
BBY23139 | 612348 | 6763103 | 29 | 310 | -45 | 70.00 |
BBY23141 | 612258 | 6762993 | 30 | 310 | -45 | 89.95 |
BBY23142 | 612199 | 6763036 | 31 | 310 | -45 | 75.05 |
BBY23143 | 612286 | 6762974 | 29 | 310 | -45 | 116.75 |
BBY23144 | 612229 | 6762950 | 29 | 310 | -45 | 90.00 |
BBY23146 | 612182 | 6762999 | 31 | 130 | -45 | 80.00 |
Table 2:
Hole ID | From(m) | To (m) | Length (m) | Li2O (%) | Ta2O5 (ppm) | |
BBY23131 | no significant intercepts | |||||
BBY23132 | 3.60 | 30.40 | 26.80 | 1.92 | 30 | |
including | 4.58 | 14.11 | 9.53 | 2.11 | 21 | |
including | 15.61 | 29.90 | 14.29 | 2.11 | 28 | |
and including | 20.11 | 21.29 | 1.18 | 3.11 | 33 | |
BBY23133 | 47.44 | 53.81 | 6.37 | 0.38 | 37 | |
including | 50.47 | 51.61 | 1.14 | 1.21 | 15 | |
BBY23134 | 11.65 | 14.36 | 2.71 | 0.14 | 103 | |
BBY23135 | 9.12 | 37.13 | 28.01 | 1.54 | 40 | |
including | 20.71 | 35.77 | 15.06 | 2.13 | 26 | |
BBY23136 | 14.68 | 15.09 | 0.41 | 0.02 | 123 | |
BBY23137 | 16.92 | 17.08 | 0.16 | 0.10 | 124 | |
24.54 | 28.36 | 3.82 | 0.74 | 26 | ||
including | 24.54 | 26.40 | 1.86 | 1.30 | 18 | |
BBY23138 | 14.05 | 27.02 | 12.97 | 1.82 | 36 | |
including | 14.05 | 24.80 | 10.75 | 2.12 | 38 | |
and including | 20.30 | 21.30 | 1.00 | 3.24 | 21 | |
BBY23139 | 16.79 | 17.40 | 0.61 | 0.03 | 508 | |
45.31 | 52.40 | 7.09 | 0.72 | 104 | ||
including | 46.49 | 47.53 | 1.04 | 1.69 | 74 | |
including | 50.56 | 52.40 | 1.84 | 1.34 | 50 | |
BBY23141 | 24.05 | 35.68 | 11.63 | 0.11 | 149 | |
38.87 | 48.55 | 9.68 | 1.96 | 117 | ||
including | 40.00 | 47.09 | 7.09 | 2.51 | 126 | |
45.10 | 46.00 | 0.90 | 3.37 | 81 | ||
BBY23142 | no significant intercepts | |||||
BBY23143 | no significant intercepts | |||||
BBY23144 | no significant intercepts | |||||
BBY23146 | no significant intercepts |
Note: All intervals are core length and presented for all pegmatite intervals greater than 2 m. Some intercepts may include intervals of non-pegmatite (< 3 m drilled width). Oxides are calculated from Li assayed results. All Li2O (%) results are reported, and no lower cut-off grade has been used to report results. Drill hole assay results are reported as received and are not necessarily received in the order holes were drilled.
Table 3:
Pegmatite Body | Order of Discovery | Drilled Strike Length (m) | Status |
A | 1 | 1,750 | Drilled |
B | 2 | 785 | Drilled |
C | 3 | 390 | Drilled |
D | 4 | 730 | Ongoing drilling |
E | 5 | 375 | Ongoing drilling |
F | 6 | n/a | To be drilled |
Geology
Project History
Spodumene-bearing pegmatite boulders were first described in the area of the
Pegmatite A was drill-confirmed in 2017 by Leading Edge across two phases, with a total of 1,525 m completed in 33 holes, testing the body to 131 m depth and along 1,500 m strike length with the “discovery” hole returning 1.62% Li2O over 10.45 m from 2.2 m depth down hole (hole BBY17005) (see Leading Edge’s news releases dated
To date, 15,393.10 m of drilling in 180 holes has been completed at the Project.
Quality Assurance and Quality Control
Core drilling is being undertaken by
Certified reference standards, duplicate and blanks are routinely inserted into the sample stream as part of United‘s quality control/quality assurance program (“QA/QC”). No QA/QC issues were noted with the results reported herein. The Company’s Qualified Person is of the opinion that the sample preparation, analytical, and security procedures followed are sufficient and reliable. The Company is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data reported herein. All drill intercepts reported are down-hole core lengths.
About the
Barbara Lake Lithium Property
The Company also announces that it has allowed its option on the
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by
On Behalf of The Board of Directors
“Scott Eldridge”
President, Chief Executive Officer and Director
About
The Company’s consolidated financial statements and related management’s discussion and analysis are available on the Company’s website at https://unitedlithium.com/ or under its profile on SEDAR Plus at www.sedarplus.ca.
Forward-Looking Statements
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the potential of the
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; contests over title to properties; changes in project parameters as plans continue to be refined; and impact of the COVID-19 pandemic. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of lithium and other metals and minerals; the demand for lithium and other metals and minerals; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4f65adf-9aa1-4834-b2ef-41d2ca4b9c36
Telephone: +1-604-428-6128 Email: scott@unitedlithium.com
Figure 1
Bergby Project modeled Pegmatite D system and drill hole locations, as of November 21, 2023 .
2023 GlobeNewswire, Inc., source