Stria Lithium reports promising assays from first at-depth drilling on Quebec Pontax property; depth of known mineralization doubles
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T
SX: SRA.V
Stria Lithium reports promising assays from first at-depth
drilling on Quebec Pontax property; depth of known
mineralization doubles
Stria Lithium, Inc. (TSX.V:SRA)
(OTTAWA, Canada) – Feb. 17, 2023 - Stria Lithium Inc . (TSXV:SRA) an emerging resource
exploration company developing Canadian lithium reserves to meet legislated demand for electric
vehicles and their rechargeable lithium -ion batteries , is pleased to announce promising assay results
from the first two drill holes at depth on the Pontax Lithium Project (“Pontax”) in the James Bay region
of Québec, Canada.
Assays include 10.2 m (true width) at 1.34% Li2O, and a doubling of the depth of known mineralization
to 230m. These results further confirm previous exploration activities on the site and are only the first results
of 14 holes drilled to date , totalling 3 ,858 metres, as part of an aggressive 15,000-metre definition and
exploration drilling program now under way on Stria’s Pontax property in the west-central Eeyou Istchee
James Bay (EIJB) Territory. A winter road has been opened from the main highway to the Pontax site, and
mutiple drill rigs are now on site with the aim of establishing a maiden resource by mid-2023. Assays from the
remaining 12 holes are currently pending at the laboratories.
The drilling program at Stria’s Pontax property is being financed and conducted by Stria’s project partner,
Cygnus Gold Ltd. of Australia, and has been designed to systematically step out from known mineralisation at
Pontax Central - an extensive spodumene-bearing pegmatite swarm which outcrops over 700m of strike.
Significant intersection results from the latest drilling include;
▪ DDH975-22-027:
▪ 2.82 m* (4.3m of core length) @ 1.84% Li2O** at a depth of 158
metres(from 227.6m to 231.9m)
▪ 6.04 m* (9.21m core length) @ 1.44% Li2O** at a depth of 172 metres
(from 247.1m to 256.3m)
▪ Five (5) minor intervals of true width between 1.51m* and 2.02m* @ 0.84%
to 1.46% Li2O**
▪ Cumulative true thickness of mineralized dyke of 21.4 metres
▪ DDH975-22-028:
▪ 3.44 m* (5.7m of core length) @ 1.35% Li2O** at a depth of 144 metres
(from 194.3m to 200.0m)
▪ 8.54 m* (13.3m of core length) @ 1.34% Li2O** at a depth of 212
metres (from 300.2m to 313.5m)
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▪ Three (3) minor intervals of true width between 1.08m* and 1.55m* @
0.67% to 0.82% Li2O**
▪ Cumulative true thickness of mineralized dyke of 17.9 metres
*: True thickness, assuming the dykes are dipping -85o to the NNW
**: Weighted average using a cut -off grade of 0.5% Li 2O on spudumene dyke
only, excluding lithium bearing wallrock (FeO > 5%), a minimum true thickness
of 1 metre, no external dilution, and wallrock internal dilution set at 0% Li2O.
Drilling was conducted with a single heliportable rig by RJLL Drilling Co . from Rouyn -Noranda and
supervised by IOS Services Geoscientifiques Inc . Collar location was measured with a high resolution GPS
Geode device, while downhole deviation was measured with the use of a Reflex device. Core, NQ in diameter,
has been logged on site and expedited by road carrier to IOS facilities in Saguenay, Quebec, for sampling and
storage. Core samples were cut in half with a diamond saw, tagged and bagged to be shipped to SGS Lakefield
laboratory by road carrier for preparation. Core sample s were crushed (75% <2mm) and pulverized (85%
<75μm). Assaying has been conducted by SGS Burnaby with the use of ICP -OES and ICP-MS after sodium
peroxide fusion (GE_ICM91A50). SGS-Canada is a n ISO/IEC 17025 accredited laboratory. Quality control
has been monitored by an IOS certified chemist through the insersion of 7 sample blanks, 7 preparation blanks,
5 certified reference material Oreas -147, 4 certified reference material Oreas -148 and 5 ce rtified reference
material Orea-149, for a total of 28 insertions (15%).
Dean Hanisch, CEO of Stria Lithium, said today: “We are excitied to be finally getting an aggressivce drilling
program at depth under way, and are very encouraged by the promising res ults of the first two holes of 14
drilled to date. The winter road is open and providing economical access to several additional heavy drill rigs.
We look forward to reporting more assay results as they become available.”
The latest drilling has stepped out 50m to 100m below existing mineralisation to a vertical depth of 230m,
effectively doubling the depth of known mineralisation which remains open in all directions.
Figure 1: Plan view of Pontax Central with the location of all drilling to date. Highlighting recent significant
intersections including 8.54m @ 1.34% Li2O and 6.04 @ 1.44% Li2O
3.44m @1.35% Li2O
8,54m @ 1.34% Li2O
2.82m @1.84% Li2O
6.04m @ 1.44% Li2O
3.02m @
1.17% Li 2O
319.6m @
1.16% Li2O
5.09m @
1.33% Li2O 3.86m @
0.84% Li2O 6.91m @
1.05% Li2O
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Figure 2: Cross section though Pontax Central looking towards the NE, showing both historic drillholes and the recent
deeper drillholes completed by Cygnus with results recived to date, including 4.3m @ 1.8% Li2O and 16.5m @ 1.1%
Li2O. Interval length expressed as true thickness and depth as vertical depth. The recent drilling is the deepest drilling
on the project to date stepping out over 100m from exisiting drilling with mineralisation remaining open in all
directions.
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.
Lithium is a rare metal and an indispensable component of rechargeable lithium-ion batteries, one of the
safest and most efficient energy storage technologies available today, used in everything from cellphones and
power tools to electric cars and industrial-scale energy storage for renewable power sources such as wind and
solar generation.
Stria’s 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 hardrock mining in North America.
Stria’s Pontax property is situated close to an industrial powerline and a major paved highway, about 310 km
north of the North American rail network leading to 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.
Cygnus Gold is committed to fully funding and managing the current two-stage exploration and drilling
program up to $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.
3.36m @ 2.55% Li 2O
Depth of 7.7m
2.51m @ 1.53% Li2O
Depth of 20.6m
0.94m @ 3.18% Li2O
Depth of 52.8m
7.71m @ 1.77% Li2O
Depth of 65.9m
1.51m @ 1.46% Li2O
Depth of 125 m
2.82m @ 1.84% Li2O
Depth of 158 m
6.04m @ 1.44% Li2O
Depth of 171 m
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Stria is committed to exceeding 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 neighbors and collaborators in an exciting
project with 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/
For more information on Stria Lithium Inc., please contact:
Dean Hanisch
CEO Stria Lithium
+1(613) 612-6060
Kimberly Darlington
Communications, Stria Lithium Inc.
514-771-3398
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 con ditions “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 to actual results or to changes in our expectations
except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking
information.
The technical aspects of the current press release have been reviewed by Réjean Girard, géo. (QC), President of IOS Services
Géoscientifiques Inc., a consultant to the Company and a Qualified Person as defined under National Instrument (NI) 43 – 101
Standards of Disclosure for Mineral Projects has reviewed and approved the technical content of this news release.
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APPENDIX A – Drillholes with Results
Coordinates given in UTM NAD83 (Zone 18)
APPENDIX B – Significant Intercepts
Significant intersections use a cut-off grade of 0.5% Li2O in pegmatite, no external dilution and internal dilution
from wallrock accounted as 0%. Intercept lengths may not add up due to rounding to the appropriate reporting
precision.
Hole ID From (m) To (m) Length (m) Depth (m) True width (m) Li2O %
975-22-027
143.00 143.75 1.50 101.12 0.96 0.87
155.96 156.75 1.47 110.28 0.94 1.16
180.54 181.35 2.30 125.41 1.51 1.79
197.64 198.50 2.59 137.29 1.70 0.60
204.42 205.12 1.38 142.00 0.91 1.01
227.59 228.59 4.30 158.10 2.82 1.08
239.84 240.84 3.00 166.61 1.97 2.38
247.11 248.11 9.21 171.66 6.04 0.94
268.19 268.91 3.00 182.91 2.02 0.79
279.70 280.32 1.24 190.75 0.83 0.68
976-22-028
173.82 174.55 1.48 129.17 0.89 2.07
180.60 181.44 2.58 134.21 1.55 0.93
188.70 189.50 1.60 140.23 0.96 1.54
194.32 195.00 5.72 144.41 3.44 0.96
242.10 243.00 1.80 179.92 1.08 1.04
267.45 268.20 2.25 195.60 1.39 1.08
300.15 301.00 13.30 212.24 8.55 2.51
Hole ID Easting Northing RL Azimuth Dip Depth
975-22-027 362939 5754676 250 325 -50 309
975-22-028 363023 5754731 248 325 -50 333
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APPENDIX C
Pontax Project Drilling - 2012 JORC Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.
• Diamond holes were completed by NQ-diameter
diamond core drilling.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.
• QAQC samples were inserted in the sample runs,
comprising lithium standards (CRM’s or Certified
Reference Materials) and sourced blank material
Aspects of the determination of
mineralisation that are Material to the Public
Report.
In cases where ‘industry standard’ work has
been done this would be relatively simple
(eg ‘reverse circulation drilling was used to
obtain 1 m samples from which 3 kg was
pulverised to produce a 30 g charge for fire
assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed
information.
• Sampling was nominally at 1 m intervals however
over narrow zones of mineralisation it was as
short as 0.3m.
• Sampling practice is appropriate to the geology
and mineralisation of the deposit and complies
with industry best practice.
Drilling
techniques
Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).
• Diamond core was drilled using surface diamond
rigs with industry recognised contractors RJLL
Drilling
• Drilling was conducted using NQ core size
• Directional surveys have been taken at 50m
intervals
Drill sample
recovery
Method of recording and assessing core
and chip sample recoveries and results
assessed.
Measures taken to maximise sample
recovery and ensure representative nature
of the samples.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse material.
• Diamond core recovery was measured for each
run and calculated as a percentage of the drilled
interval. Overall, the core recoveries are excellent
with fresh rock from near surface
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
• All core was geologically and geotechnically
logged. Lithology, veining, alteration and
mineralisation are recorded in multiple tables of
the drillhole database.
Whether logging is qualitative or quantitative
in nature. Core (or costean, channel, etc)
photography.
• Geological logging of core is qualitative and
descriptive in nature.
The total length and percentage of the
relevant intersections logged.
• 642 metres (100%) has been logged
Sub-sampling
techniques and
sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
• Core was cut in half, one half retained as a
reference and the other sent for assay
• Samples were submitted to SGS preparation lab
in Lakefield, Ontario.
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Criteria JORC Code explanation Commentary
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the sampling
is representative of the in-situ material
collected, including for instance results for
field duplicate/second-half sampling.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
• At Lakefield the samples are dried at 105°C,
crushed to 75% passing 2 mm, riffle split 250 g,
and pulverize 85% passing 75 microns.
• Laboratory QC procedures involve the use of
internal certified reference material as assay
standards, along with blanks, duplicates and
replicates.
• The pulps were shipped by air to SGS Canada’s
laboratory in Burnaby, BC.
Quality of
assay data and
laboratory tests
The nature, quality and appropriateness of
the assaying and laboratory procedures
used and whether the technique is
considered partial or total.
• The samples were analysed at SGS Canada
laboratory in Burnaby, BC.
• Industry standard assay quality control
techniques were used for lithium related
elements.
• The samples were homogenized and
subsequently analysed for multi-element
(including Li and Ta) using sodium peroxide
fusion with ICP-AES/MS finish (codes
GE_ICP91A50 and GE_IMS91A50).
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the analysis
including instrument make and model,
reading times, calibrations factors applied
and their derivation, etc.
• None used
Nature of quality control procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.
• Laboratory QC procedures involve the use of
internal certified reference material as assay
standards, along with blanks, duplicates and
replicates.
• The company also submitted certified reference
material and blanks with one in every 10
samples.
• Results for both met QAQC tolerances
Verification of
sampling and
assaying
The verification of significant intersections
by either independent or alternative
company personnel.
• Verification was made by Cygnus Metals other
professional consultant geologists.
The use of twinned holes. • No drillholes were twinned
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
• All data was received in electronic format has
been reviewed, documented by IOS Services
Geoscientifiques Inc, a professional exploration
services company based out of Saguenay,
Québec. The data has then been validated by
Cygnus Metals and stored by the company
Discuss any adjustment to assay data. • There were no adjustments to the assay data
Location of
data points
Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and other
locations used in Mineral Resource
estimation.
• The location of the drillholes and the aiming
points for the orientation of the drillholes were
indicated on the ground using identified stakes.
The stakes marking the location of the drillholes
were set up and located with a Garmin GPS
model “GPSmap 62s” (4m accuracy)
Specification of the grid system used. • The grid system used is UTM NAD83 (Zone 18)
Quality and adequacy of topographic
control.
• Located with a Garmin hand held GPS model
“GPSmap 62s”
Data spacing
and distribution
Data spacing for reporting of Exploration
Results.
• Reported drill holes are on 100m spaced sections
and approximately 50m centres
• The spacing is considered appropriate for this
type of exploration
Whether the data spacing and distribution is
sufficient to establish the degree of
• No resource estimation is made.
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Criteria JORC Code explanation Commentary
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.
Whether sample compositing has been
applied.
• No sample compositing has been applied
Orientation of
data in relation
to geological
structure
Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
• Drill lines are orientated approximately at right
angles to the currently interpreted strike of the
known outcropping mineralisation.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
• No bias is considered to have been introduced by
the existing sampling orientation. The drill holes
are angled as close as possible to perpendicular
to the mineralised structures. Mineralised
intervals are reported as downhole lengths not
true widths, with more drilling required to fully
understand the structural complexity of the
orebody
Sample
security
The measures taken to ensure sample
security.
• Core samples are logged at the 381 Roadhouse
in James Bay before being trucked to the IOS
Services Geoscientifiques laboratory in
Saguenay, Québec
• Samples are then secured in poly weave sacks
for delivery to the SGS in Lakefield, Ontario
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.
• No sampling has been undertaken, therefore
information on audits or reviews is not yet
available