Spod Lithium Corp. Engages ALS Goldspot Discoveries Ltd. FOR Mag/Vlf Airborne Survey ON Nipigon & Niemi Lithium Project
SPOD LITHIUM CORP. ENGAGES ALS GOLDSPOT DISCOVERIES LTD. FOR Mag/VLF
AIRBORNE SURVEY ON NIPIGON & NIEMI LITHIUM PROJECT
Vancouver, B.C. – January 25, 2023 – SPOD LITHIUM CORP. (“SPOD” or the “Company”)
(CSE: SPOD) is pleased to announce a technical services agreement signed with ALS Gold Spot
Discoveries Ltd. ("GoldSpot") for the collection and processing of geophysical and geomatics data
with Goldspot’s Multi-Parameter Airborne Survey System (“ M-PASS”) over the North Nipigon
Lithium & Niemi Lithium projects in Ontario.
GoldSpot will conduct an airborne acquisition with their Multi-Parameter Airborne Survey System
(‘M-PASS’) over SPOD’s Nipigon and Niemi projects in Ontario. ALS GoldSpot’s M -PASS
platform consists of a triaxial magnetic gradient magnetic/VLF platform, 2048 channel radiometric
sensor along with a high- precision LiDAR sensor and high- resolution cameras capable of
producing four band imagery. The airborne survey aims to map the geology and identify trends on
the property where the presence of pegmatites exist, which often correspond with magnetic lows.
In addition, SPOD also recently completed a property-wide LiDAR survey over the North Nipigon
project with Pioneer Exploration Services Ltd. This survey aims to identify areas of potential
outcropping rocks as well as map out structures, both of which will be used to guide future
exploration campaigns.
Figure 1 shows the general areas of interest of the survey.
North Nipigon Property Highlights
The North Nipigon Project, comprised of three blocks of claims covering approximately 8,475
hectares, is accessible by four season roads and forestry trails. The Property is underlain by
Archean metasediments and granites, along with Keweenawan age diabase. Pegmatites in the
region occur close to and within the granitic plutons. The Property shares borders with RockTech
Lithium’s Georgia Lake Project, Imagine Lithium’s Jackpot Lithium Project, and Ultra Lithium’s
Georgia Lake Project. RockTech’s Project contains a compliant measured resource of 2.31Mt of
1.04 % Li2O and a compliant indicated resource of 4.31Mt of 0.99 % (Technical Report, NI 43-
101, Preliminary Economic Assessment, Georgia Lake, March 15 2021). There are numerous other
known pegmatite occurrences in the region as shown in Figure 2, of which many have been drilled
with positive results. On the North Nipigon Project, there have been historical grab samples of
pegmatite boulders which returned assay values of 0.764 % Li 2O and 0.685 % Li 2O as shown in
Figure 3 (Ontario Geological Survey AFRI 20000019444).
Figure 2: Map of SPOD Lithium’s existing and new mineral claims in the Georgia Lake area, with
respect to other lithium explorers
Figure 3: Spodumene bearing pegmatite boulder from the North Nipigon Project ( Ontario
Geological Survey AFRI 20000019444)
Chris Cooper, Spod Lithium’s CEO commented, “We are excited to be working with ALS
GoldSpot on our newly acquired property in North Nipigon as well as the historical Niemi
lithium occurrence. We are confident the Airborne Survey will successfully map out prospective
trends and identify potential pegmatite locations for further exploration work to be completed in
the coming months.”
About ALS GOLDSPOT DISCOVERIES LTD.
ALS GoldSpot is a Canada-based group of expert geoscientists and data scientists who utilize
computational methods (such as multivariate analysis or Machine Learning) to assist mining and
exploration clients. ALS GoldSpot offers unique processes to minimize client risk related to
exploration targeting by optimizing aspects of conventional exploration workflows.
ALS GoldSpot’s full-spectrum geoscience and data science technical team combines proprietary
technology with in-depth expertise in mineral exploration and mining, offering front-to-back
services to its clients and partners. ALS GoldSpot's solutions target Big Data problems, with a
focus on integrating underutilized data to better comprehend resource property potential.
Qualified person
Jason Arnold, P.Geo., President of DCX Geological Consulting and an independent Qualified
Person as such term is defined by National Instrument 43-101 - Standards of Disclosure for
Mineral Projects, has reviewed and approved the geological information reported in this news
release. The Qualified Person has not completed sufficient work to verify the historic
information on the Property and in the vicinity, particularly in regard to historical drill results,
historical mine production and historical grab samples. However, the Qualified Person believes
that these results were completed to industry standard practices. The information provides an
indication of the exploration potential of the Property but may not be representative of expected
results. Also, mineralization hosted on adjacent and/or nearby properties, particularly with
respect to neighbouring mineral resources, is not necessarily indicative of mineralization hosted
on the Company's property.
About Spod Lithium Corp.
Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development
of mineral properties containing battery, base, and precious metals. The Company’s flagship assets
are its Lithium properties located in the James Bay region of Quebec and the Nipigon and Niemi
region of Ontario, Canada. For further information, please refer to the Company's disclosure
record on SEDAR ( www.sedar.com) or contact the Company through its website at
www.spodlithiumcorp.com or by telephone at 604.307.8290.
On Behalf of the Board of Directors
Chris Cooper
Chief Executive Officer
604.307.8290
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