Stria Announces Numerous Targets Identified IN Area with High-Grades of up to 2.6% LI2O ON Its Pontax-Lithium Property
TSX: SRA
STRIA ANNOUNCES NUMEROUS TARGETS IDENTIFIED IN AREA WITH
HIGH-GRADES OF UP TO 2.6% LI2O ON ITS PONTAX-LITHIUM PROPERTY
• Recently completed LiDAR and high-resolution imagery delivers numerous walk-up
targets, including unmapped pegmatite looking outcrops, over 10km strike length
• Initial interpretation of the recent high-resolution aeromagnetics has identified multiple
repetitions of the prospective mafic stratigraphy over the 10km strike length of the main
Pontax Project
• Drilling to date has tested only a 620m central zone; All holes hit spodumene-bearing
LCT pegmatites with high-grade, shallow intersections including:
▪ 9.0m @ 1.7% Li2O from 46.9m
▪ 15.6m @ 1.6% Li2O
• Cygnus Gold and IOS Services Géoscientifiques geologists to start mapping program
this month ahead of 10,000m drilling program scheduled to start in early November
• The mapping and sampling aim to generate further regional targets to be followed up in
the upcoming drilling program
• Cygnus plans to complete step out drilling and potentially resources definition over the
next six months
OTTAWA, ONTARIO – October 20, 2022 - Stria Lithium Inc. (TSXV:SRA) (“Stria” or the
“Company”) in partnership with Cygnus Gold Limited (ASX: CY5) (“Cygnus”) is pleased to
announce highly promising preliminary results from the recently completed high resolution
aeromagnetics and LiDAR surveys at the Pontax Lithium Project located in the prolific James Bay
lithium province, Quebec.
The LiDAR and high resolution aeromagnetic surveys were completed over the Pontax Property
that was optioned to Cygnus Gold in July 2022 1, Cygnus being the operator of the project This
recent work is the first regional exploration to be conducted on the project in over a decade and
signifies the first steps in a comprehensive and systematic exploration program to be carried out
by the company.
Detailed magnetics interpretation and LiDAR has generated numerous walk-up targets which will
be mapped in the coming week as our earn-in partners Cygnus and IOS Services Geoscientifiques
deploy geologists to start work on the ground for the first time. The Autumn mapping and sampling
program aims to generate further regional targets to be followed up in the upcoming drilling
campaign expected to commence in early November 2022.
The Pontax project has the potential to create significant value for shareholders because high-grade
lithium spodumene bearing pegmatites have already been identified through drilling and there is
significant scope to continue growing the economic potential through exploration.
The spodumene bearing pegmatites at Pontax outcrop at surface, with limited diamond drilling
returning numerous high-grade lithium intersections.
This early -stage exploration will underpin the 10,000m drilling campaign commencing in early
November. Cygnus plans to complete both resource definition and step out drilling over the next
six months.
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LiDAR and Magnetic Results
Results from the first stage of exploration at the Pontax Lithium Project have now been received
ahead of the mapping camp aign due to commence later this month. This work includes recently
flown high resolution aero magnetics alongside LiDAR and high -resolution aerial photography.
This is the first time the project has been systematically explored using fundamental exploration
tools, in particular for regional targeting. Results from this work has delivered numerous walk-up
targets which the team will map and sample over the next month, delivering further regional targets
ahead of the 10,000m drill campaign.
Detailed airborne magnetics is crucial in understanding project scale geology especially in areas
with high amounts of cover. The recently acquired magnetics is currently being interpreted and
will be used to underpin the geological interpretation of the belt and assist with regional targeting.
A main focus is delineating the metavolcanic -metasedimentary belts which are known to be the
preferred host rock for LCT pegmatite emplacement. Already with the preliminary results the
geological understanding has been significantly improved, with the team able to delineate potential
repetitions of the prospective mafic horizon throughout the 10km trend which to date had not been
formally recognised. Mafic vo lcanic horizons are recognized as preferred loci for pegmatite
emplacement, due to their brittleness.
LiDAR and high-resolution imagery have also provided a comprehensive assessment of the terrane
and outcrop coverage throughout the Pontax Lithium Project. Multiple walk-up targets have been
generated that are similar looking to know n outcropping pegmatites and that have never been
mapped or sampled. These outcrops are a high priority for the upcoming mapping campaign.
Collectively, the geophysics and LiDAR results has demonstrated that the project remains
dominantly unexplored, covered by sparse low -level vegetation and abundant marshy areas. The
LiDAR generated a high -quality digital elevation model (DEM) which has identified multiple
areas of elevated topography along prospective trends that may represent areas of outcrop beneath
thin vegetation. These are significant targets for stripping and trenching as exploration advances.
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Figure 1: LiDAR over the Pontax Project illustrating interpreted outcrop and prospective area. The map
highlights multiple targets along 10km of prospective strike length, with multiple targets which apprear to
be beneath shallow cover. Inset Close up of Pontax Central, or main occurrence, from the new high
resolution imagery showing white pegmatite dykes, some of which untested outside the main 620m
occurrence. Historic drill collar are indicated.
Pontax Lithium Project (CY5 Earning Up To 70%): Located in one of Canada’s most
prolific lithium provinces
The Pontax Lithium Project was acquired for it’s potential to host a substantial lithium Resource.
The Project is located in the prolific Superior Province of Quebec, with the James Bay region one
of the most endowed lithium terranes in the world, even though only minimal modern exploration
has been seen over the past 20 years.
Pontax: – Unlocking the Potential
The Pontax Lithium Project is host to a significant pegmatite occurrences which outcrops over
620m of strike and remains open along strike and at depth. There are untested pegmatite outcrops
north of the central outcrop that have never been drilled and multiple targets for follow up drilling.
To date 25 diamond drill holes for ~3,286m have been completed at the project with drilling
entirely focusse d upon the known extent of the outcrop. All holes drilled to date have hit
spodumene bearing lithium-cesium-tantalum (LCT) pegmatites with significant drill intersections
including (Refer to Cygnus Gold ASX announcement 29 July 2022)1:
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• 9m @ 1.7% Li2O from 46.9m • 12.0m @ 1.1% Li2O from 99.5m
• 15.6m @ 1.6% Li2O from 83.9m • 12.0m @ 1.4% Li2O from 83.0m
• 4.8m @ 2.6% Li2O from 19.4m • 7.9m @ 1.4% Li2O from 88.9m
• 13.0m @ 1.4% Li2O from 36.0m • 4.1m @ 2.5% Li2O from 64.3m
The mineralisation at Central Pontax is open in all directions with some of the thickest intervals
returned from the deepest drilling which is still shallow at less than 130m vertical depth.
Figure 2: Arial view of the Central Pontax lithium pegamtite swarm looking towards the south west. The
mineralisation outcrops over 620m and has been the sole focus of historic drilling whilst mineralisation
remains open in all directions. Inset: Example of high gra de mineralisation in drill core with abu ndant
spodume crystals from just 20m depth in hole 975 -19-020. Interval grading 3.8% Li 2O within a broader
intercept of 4.8m at 2.6% Li2O from 19.4m.1
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About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral exploration company with an expanding technology
focus and has a 100% interest in the Pontax spodumene lithium project in Northern Québec.
Lithium is a critical metal in the universal fight against global warming. It is a core component of
Lithium-ion batteries used for powering electric vehicles and for industrial scale energy storage.
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 abou t Stria Lithium and the Pontax Lithium project, please visit
https://strialithium.com.
For more information on Stria Lithium Inc., please contact:
Dean Hanisch
CEO Stria Lithium
613 612 6060
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