Stria Lithium reports successful completion of winter drilling; continuous assay reporting expected over next 12 weeks at its Pontax Lithium Project in James Bay, Quebec
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T
SX: SRA.V
Stria Lithium reports successful completion of winter drilling;
continuous assay reporting expected over next 12 weeks at its
Pontax Lithium Project in James Bay, Quebec
Stria Lithium, Inc. (TSX.V: SRA)
Ottawa, ON, April 12, 2023 – Stria Lithium Inc. (TSX.V: SRA), a Canadian resource exploration company
developing lithium reserves, is pleased to announce the successful completion of the winter drilling program
at its Pontax lithium property in the James Bay region of Quebec with assay results due continuously over
approximately the next 12 weeks.
The latest results are from an aggressive drilling program of 32 holes totalling 9,614 metres since the beginning
of 2023. An initial six holes drilled in 2022 confirmed the continuation of the spodumene-bearing dykes swarm
to a minimum vertical depth of 200 metres. Assays included up to 3.99m (true width) at 1.62% Li2O, extending
the deposit at depth over the known strike length.
The drilling program at Stria’s Pontax property in the Eeyou Istchee James Bay (EIJB) Territory of Quebec,
Canada, is being financed and conducted by Stria’s project partner, Cygnus Metals Ltd. of Australia . The
program was designed for resource delineation and to systematically step out from known mineralisation zones
at Pontax Central, an extensive spodumene-bearing pegmatite swarm.
Dean Hanisch, CEO of Stria Lithium, said today: “The successful completion of such an aggressive winter
drilling pro gram represents an exciting milestone in the development of our Pontax property , and we look
forward to receiving and sharing the assay results as they are processed over approximately the next 12
weeks.”
Drilling was conducted by RJLL Drilling Inc. from Rouyn -Noranda, and supervised by IOS Services
Geoscientifiques Inc. using three rigs transported to the site after construction of a winter road.
About Stria Lithium
Stria Lithium (TSX-V: SRA) is an emerg ing 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 cell phones 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 from hardrock mining in North America.
Stria’s Pontax property is situated close to an industrial powerline and a major paved highway connecting to
Quebec’s 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 th e industry and its
investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade
and beyond.
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Cygnus Metals Ltd. 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 Metals may acquire up to a 70% interest in the property.
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 neighbours and collaborators in an exciting
project with the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.
The technical content 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
Investors Relations, Stria Lithium Inc.
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the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.
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