Spark Energy Minerals Exploration Program confirms Li in 90% of Soil Samples and 100% in Chip Samples. Additionally, 100% of TREE’s Sampled contain high Levels of REE’s
VANCOUVER, BC / ACCESSWIRE / March 7, 2023 / Spark Energy Minerals Inc.,
(“Spark” or the “Company”) (CSE: EMIN) (Frankfurt: M1N) (OTC: MTEHF), has received
from Foxfire Metals Pty Ltd, (Foxfire) its joint venture partner and manager of the Minas
Gerais Lithium and REE project in Brazil, that the results of a soil and rock chip sampling
program completed in December 2022 have been received from independent SGS laboratory
in Brazil.
The Joint venture ground is located just 38km S.E. of Sigma Lithium tenements
(TSX-V: SGML). in the “Lithium Valley” of Minas Gerais, Brazil.
The laboratory results confirm both Lithium and REEs present in the saprolite soils
and altered granite/pegmatites associates with these soils.
All soil samples were collected over 13 different areas within the 3500 Hectares of
Joint Venture ground and indicate the presence of Lithium and REE (rare earth element)
mineralisation.
Highlights:
Lithium (Li):
Li (see table 1) confirmed in 90% of the samples of the analyzed saprolite soils: -
§ Up to 154 ppm Lithium reported in surface soil samples.
§ Pegmatites and altered granites were confirmed in the rock chips analyzed and
contain Lithium mineralization.
Rare Earth Elements (REE):
Every sample (100%) analyzed contains REEs with 16 of the 17 TREE elements
confirmed.
§ average TREE of ~2055 ppm over selected samples.
§ highest individual sample (PMG2) recorded TREE of ~3050 ppm.
§ Average TREE used in magnets 25.5%.
§ Light REE: 86% average of total REE
§ Heavy REE: 14% average of total REE
Spark Energy Minerals Exploration Program confirms
Li in 90% of Soil Samples and 100% in Chip Samples.
Additionally, 100% of TREE’s Sampled contain high
Levels of REE’s
Page 2
Mineralized zones:
Confirm mineralization for Lithium and REEs in at least 13 locations over the 3,500
hectares JV ground.
Geological structures:
Mapping identified several structures for hosting potential mineralization.
Plans moving forward:
June 2023 Quarter
§ Planned Auger drilling for next quarter to further test for Li and REE in the
saprolite soils and oxidized pegmatite and granite.
§ A geochemical and geophysical work program to identify primary ore drilling
targets planned in the June 2023 quarter.
As previously reported, Foxfire completed a geochemical and mapping program in
December 2022. Soil and rock chip samples collected were sent to SGS laboratory in Brazil to
analyse for Lithium and Rare Earth Elements (REEs). These samples were collected from
thirteen locations over the 3500 hectares JV licenses.
Every location that was sampled indicated lithologies (Saprolite soils and altered
pegmatites and granites) containing Li and REE mineralisation.
The SGS laboratory results confirmed the presence of Lithium and Rare Earth
Elements (REE) in the saprolite soils tested. Lithium was found in 90% of the samples
analysed and REEs were found in all the samples analysed with 16 of the 17 TREE groups
present.
Old workings are present on one of the 3 licenses and have confirmed previous mining
activities.
The samples were prepared and analysed by SGS laboratories in Brazil and confirm
Lithium and REE mineralisation in the saprolite soils and altered pegmatites and granites.
90% of the lithium in the saprolite soils contain up to 154ppm Lithium and 100% of the
rock chips sampled contained lithium.
100% of the samples contain REEs in the saprolite soil and in the rock chip samples
with the highest TREE (total Rare Earth Elements) sample PMG2 containing ~3050 ppm REE.
A further geochemical soil program and geophysics – airborne radiometric program is
scheduled to commence in the next quarter with the objective of identifying drill targets
focused on intercepting the primary zone of potential mineralisation for Lithium and Rare
earths (REE).
Spark Energy Minerals News – 3-7-2023 |
Page 3
A shallow auger drill program to test the extent of the mineralisation in the soils is also
planned to commence in the next quarter.
REEs and TREE calculation
The average grade presented in this table is based on the samples result that
exceeded 1000ppm of TREE.
Table 1:
Lithium results from SGS analysis of samples. Also elevated levels of Nb, Zr,
and Rb were reported.
Legend:
PMGL = Soil Samples from EL831.515/2020 | PMGLLR = Rock chips from EL 831. 515/2020
PMG1 = Soil Samples from EL 831. 524/2020 | PMG2 =Soil Samples from EL831.458/2020
Sample ID Li Nb Zr Rb
PPM PPM PPM PPM
PMGL 0001 49 45 543.7 259
PMGL 0002 41 43 559.9 233
PMGL 0003 30 20 61.3 67
PMGL 0004 41 23 46.4 281
PMGL 0005 57 22 239.6 159
PMGL 0006 46 12 17.6 164
PMG1 0001 154 107 767.7 511
PMG1 0002 68 18 178 270
PMG1 0003 29 62 587 5
PMG1 0004 0 56 862.1 0
PMG1 0005 37 68 550.2 13
PMG1 0006 24 49 721.8 4
PMG1 0007 0 50 593.8 13
PMG1 0008 80 117 907.2 428
PMG1 0009 33 47 484.4 186
PMG2 0001 40 51 537.1 317
PMG2 0002 27 61 707.5 8
PMG2 0003 32 57 839.7 7
PMG2 0004 28 24 255.9 13
PMGLR 0002 58 58 547.7 300
PMGLR 0001 108 40 20 131
Spark Energy Minerals News – 3-7-2023
Page 4
REE and TREE summary results:
§ Light REEs represent 86% average of the TREE
§ Heavy REEs represent 14% average of the TREE
§ Magnet REEs represent 25.5% average of the TREE (TREE% Magnets: REE
25.5% (Nd+Pr+Dy+Tb))
Table 2: REEs and TREO Calculation
The average grade of this table is based on the samples result that exceeded 1000ppm.
Light REEs TREO 86% | Heavy REEs TREO% 24%
Magnet REEs TREO % | Magnet REE 25.5%
Average MagnetHeavy
PMGL0001PMGL0002PMG10001PMG1005PMG1 0008 PMG1 0009 PMG2 0001 PMG2 0002 PMGLR 0002 PMGLR 0002 REE REE REE
La 478.1 624.7 438 140.2 802.8 395.6 949.6 161.8 681.9 641.5 531.4
Ce 553.2 614.9 550.1 1412 896.6 400.9 679.1 939.4 507.4 464.1 701.8
Nd 373.2 419.7 297.1 45.2 523.9 342.9 752.9 108.6 478.4 438.2 378 378
Pr 103.9 123.3 84.6 14.8 150.6 97.3 214.2 30.3 132 126.2 107.7 107.7
Sm 56.4 57 42.6 7.4 75.6 50 99.5 13.7 70.1 66.1 53.8
86% 1564.8 1839.6 1412.4 1619.6 2449.5 1286.7 2695.3 1253.8 1869.8 1736.1 1772.8
Dy 32.6 23 19.4 3.8 36.6 22.2 35.7 4.2 30.4 27.9 23.6 23.6 23.6
Er 15.1 8.4 8 1.6 15.4 9 13.4 1.5 12.8 11.4 9.6 9.6
Eu 7.5 8 7.7 0.5 9.2 6.3 18.4 2 11.8 10.7 8.2 8.2
Gd 52.6 46.8 33.9 5.6 65.8 38.2 73.8 9.8 52.5 50.6 43 43
Ho 6 3.7 3.4 0.7 6.3 3.6 5.7 0.7 5 4.7 4 4
Lu 1.5 0.7 0.9 0.2 1.6 0.8 1.2 0.2 1.3 1.2 1 1
Sc 8 6 11 9 6 8 9 10 9 8 8.4 8.4
Tb 7 5.8 4.4 1.4 8.4 4.9 8.7 1.5 7 6.3 5.5 5.5 5.5
Th 74.3 61.7 163.3 124.7 71.5 27.9 56.8 47 45.1 40.9 71.3 71.3
Tm 1.8 0.9 1 0.2 2 1 1.6 0.2 1.6 1.4 1.2 1.2
Y 175.4 96.3 83.7 14.1 159.7 93.5 120.5 14.5 118.9 115.1 99.2 99.2
Yb 11.3 5.2 6.4 1.6 11.1 6 9.3 1.2 9 8.1 6.9 6.9
393.1 266.4 343.1 163.4 393.5 221.5 354.1 92.6 304.4 286.3 281.8
14% 1957.9 2106.1 1755.5 1783 2843 1508.2 3049.4 1346.4 2174.3 2022.4 2054.6 514.8 281.8
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The Minas Gerais Projects
Location Map: Inset 1
These Three lithium licenses lie within the highly
prospective northern portion of the state of Minas
Gerais in the municipality of Padre Paraiso –the
location of the Brazilian lithium producing
districts and lithium belt. The areas are known to
host lithium bearing pegmatites associated with
spodumene, lepidolite, and amblygonite.
Spark Energy Minerals News – 3-7-2023
Page 5
Detail Location Map: Inset 2
Inset 2 is a location map of Spark’s Minas Gerais lithium and rare earth licences. The dotted
lines indicate the distance from Spark’s licences to the state owned Companhia Brasileira de
Litio's mining operation, Lithium Ionic (TSX-V: LTH) and SGML. Recent discoveries in the
same, well known lithium province and pegmatite area of Minas Gerais have also been made
by Latin Resources (ASX).
Spark Energy Minerals News – 3-7-2023 |
Page 6
Minas Gerais Area Plays: Inset 3
Spark Energy Minerals News – 3-7-2023
Page 7
Collection Sample Map: Inset 4
Collection points of samples sent for analysis: every sample contained either LI or REE
Mineralisation confirmed in all of the 13 collection points over the 3500 ha square area.
Highlight: (Insets 5,6 & 7) An exploration program completed in December 2022
confirmed pegmatites on the license areas. Old workings were also identified where
pegmatites have been mined. Lab results received confirmed mineralisation for Li and REE in
the saprolite soils and pegmatite rock chips analysed.
Spark Energy Minerals News – 3-7-2023 |
Page 8
Insets 5, 6: Old workings at Minas Gerais and surface exposure of pegmatities have
confirmed Lithium and REE present. Inset 7: Samples of different rock type collected
from the Joint Venture ground.
The technical information contained in this news release has been reviewed and
approved by Dr. Paul Woolrich (BSc Geology, MSc Geochemistry, PhD Metallurgy) who is a
Member of the MAusIMM, a Qualified Person as defined under National Instrument 43-101
and is a Technical Director of Foxfire Metals Pty Ltd.
About Spark Energy Minerals Inc.
Spark Energy Minerals, Inc., is a Canadian company pursuing battery metals and
mineral assets with newly acquired interests in Brazil and Canada. The Company has
acquired assets in some of the world's most prolific mining jurisdictions, Brazil's growing
lithium and provinces and in the Newfoundland, Canada region which is gaining recognition
as a world hot spot for lithium and rare earth mineral exploration.
FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEB SITE AT
https://sparkenergyminerals.com
Email to [email protected]
Contact: Peter Wilson, CEO, Tel. +1-604-649-0945
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Further information about the Company is available on www.SEDAR.com under the
Company's profile.
Certain statements contained in this release may constitute “forward–looking
statements” or “forward-looking information” (collectively “forward-looking information”) as
those terms are used in the Private Securities Litigation Reform Act of 1995 and similar
Canadian laws. These statements relate to future events or future performance. The use of
any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”,
“anticipates” and similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking information and are based on the
Company’s current belief or assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. In particular, this release contains forward-looking
information relating to the business of the Company, the Property, financing and certain
corporate changes. The forward-looking information contained in this release is made as of
Spark Energy Minerals News – 3-7-2023 |