Stria Lithium Provides update on its newly acquired staked claims Stria Lithium, Inc.
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RELEASE: IMMEDIATE
T
SX: SRA.V
Stria Lithium Provides update on its
newly acquired staked claims
Stria Lithium, Inc.
(TSX-V: SRA, OTC: SRCAF, and FRANKFURT: S35A)
Ottawa, ON, November 13, 2023 - Stria Lithium Inc. (TSXV: SRA) (“Stria Lithium”, the “Company”) is
pleased to provide an update on its previously staked claims.
Stria lithium had previously staked 3 blocks of claims based on Tantalum anomalies as per its press release dated
July 2023. In regards to block 1 all the claims were accepted by the ministry and now this block is comprised of
31 claims. Block 2 consisting of 30 claims were also accepted. In regards to Block 3 Stria had initially staked a
total of 30 claims however 9 claims were refused based on their proximity to electrical wires, resulting in a final
total of 21 successful claims. Therefore these 3 blocks resulted in a total of 82 claims.
About Stria Lithium
Stria Lithium (TSX-V: SRA) is an emerging resource exploration company developing Canadian lithium
reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.
Stria’s Central Pontax Lithium Project covers 36 square kilometres, including 8 kilometres of strike along the
prospective Chambois Greenstone Belt. The region, known as the Canadian “Lithium Triangle,” is one of only
a few known sources of lithium available for hard rock mining in North America.
Stria’s Pontax Central Project Joint Venture with Cygnus Metals now has a maiden JORC inferred
resource Estimate (MRE) of 10.1Mt at 1.04% Li2O based on the central area of the known mineralisation.
This JORC estimate establishes Pontax Central as a serious player in the Canadian Lithium James Bay region.
Cygnus Metals being an ASX issuer, they adhered to Australian JORC Code 2012 guidelines, meaning that such
mineral resource estimate is not necessarily current in regard of the Canadian National Instrument 43-101 code.
Cygnus Metals is committed to fully funding and managing the current two-stage exploration and drilling
program to a maximum of $10 million at Stria’s Pontax property, and will also pay Stria up to $6 million in
cash. In return, Cygnus may acquire up to a 70% interest in the property. Cygnus has fulfilled its stage 1
requirements within the agreement and has now earned its 51% interest in the property.
Stria’s other significant project, Pontax II covers 55 square kilometres, approximately 25 kilometres to the
west-south-west of Pontax Central and is located adjacent to the Billy-Diamond paved highway. Stria has
added to this project by recently acquiring 24 claims, for 1276.5 hectares that are strategically located
northeast of Stria’s Pontax II claims.
Stria Lithium previously reported highly anomalous tantalum oxide grain counts in till samples up to 797
grains, the highest count ever recorded by the laboratory. The Pontax II grain counts stand at the 97.6 centile
of the regional population with an average of 156 grains per sample as a comparative basis, a regional survey
in the same area conducted by the Ministère de l’Énergie et des Ressources Naturelles du Québec, processed a
total of 5950 tantalum oxide grains yielding an average count of 36 grains per samples. The conclusion being
the grain counts are suggestive of the proximity of lithium bearing pegmatites.
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Pontax II claims are in highly active prospective zones, situated to the west southwest of Stria/Cygnus lithium
discovery and situated to the west of the Patriot Battery Metals (PMET.V) Pontax project, and south of
Brunswick Exploration (BRW.V).
Stria’s Pontax properties are both situated close to an industrial powerline and a major paved highway, about
310 km north of the North American rail network that leads to the industrial heartland.
As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada
and the U.S. are aggressively supporting the North American lithium industry, presenting the industry and its
investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade and
beyond.
Stria is committed to exceeding the industry’s environmental, social and governance standards. A critical part
of that commitment is forging meaningful, enduring and mutually beneficial relationships with the James Bay
Cree Nation (Eeyouch), and engaging openly and respectfully as neighbours and collaborators in this exciting
project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.
The technical content disclosed in the current press release was reviewed and approved by Réjean Girard, P.Geo
and president of IOS Services Geoscientifiques Inc, a qualified person as defined under National Instrument NI-
43-101.
For more information about Stria Lithium and the Pontax Lithium project, please visit https://strialithium.com
Follow us on:
• Twitter @StriaLithium
• Instagram @strialithium
• Facebook http://www.facebook.com/strialithium
• LinkedIn http://www.linkedin.com/company/stria-lithium/
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For more information on Stria Lithium Inc., please contact:
Dean Hanisch
CEO Stria Lithium
+1(613) 612-6060
Investors Relations, Stria Lithium Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within
the meaning of applicable securities law. Forward -looking information is frequently characterized by words
such as “plan”, “expect”, “project” , “intend”, “believe”, “anticipate”, “estimate” and other similar words, or
statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations
reflected in the forward -looking information are reasonable, there can be no assurance that such expectations
will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there
is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the
forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements
are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially from those anticipated in the forward-looking information. Please refer to the risk
factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk
factors should not be construed as exhaustive.
The forward -looking information contained in this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the forward-looking information to conform such information
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