Frontier Intersects 326.6M of Pegmatite Averaging 1.92% Li2O, Including a 50M Zone of 2.98% Li2O
FRONTIER INTERSECTS 326.6M OF
PEGMATITE AVERAGING 1.92% Li2O,
INCLUDING A 50M ZONE OF 2.98% Li2O
SUDBURY, ON
,
Oct. 11, 2022
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or "the Company") is pleased to announce the results for four additional drill holes
completed during the Phase XII drill program on the Spark pegmatite which began in
May 2022
and
is currently in progress. The initial drill holes were designed to convert inferred material to the
indicated category for the planned open pit. The Spark pegmatite is one of the two delineated
premium spodumene-bearing lithium deposits on the PAK Lithium Project.
Highlights
Phase XII delineation and infill drilling with two drill rigs is currently being conducted, whereby,
the Company has completed
11,150m
of drilling in 34 holes as of
September 11th, 2022
.
Analysis from 4 of the holes are reported herein.
DDH PL-065-22 intersected a total of
171.5m
of pegmatite averaging 1.57% Li
2
O and thin
sheets of mafic rafts within the pegmatite as expected. Collared north of the Spark Pegmatite in
mafic volcanic
30m
west of PL-062-22, hole was drilled to convert inferred material at depth
and to provide a northern contact of the Spark Pegmatite.
Includes
19.2m
zone from
241.8m
to
261.0m
of 2.88% Li
2
O, 2.23% Cs
2
O and 513 ppm
Ta
2
O
5
DDH PL-067-22 intersected 326.6.m of pegmatite averaging 1.92% Li
2
O. Collared in
pegmatite on the southern end of the Spark orebody and
40m
east of PL-066-22, the hole was
drilled to convert inferred material at depth
Includes
50m
from
98.0m
to
148.0m
averaging 2.98% Li
2
O.
DDH PL-069-22 intersected
275.3m
of pegmatite averaging 1.74% Li
2
O. Collared in Mafic
Volcanic on the southern end of the Spark orebody, hole was drilled to convert inferred material
at depth.
Includes
30m
zone from
348.0m
to
378.0m
of 2.32% Li
2
O.
DDH PL-072-22 intersected
124.1m
of pegmatite averaging 1.55% Li
2
O. Collared in Mafic
Volcanic on the southern end of the Spark orebody,
30m
east of PL-069-22, the hole was
drilled to convert inferred material at depth.
"After tripling the metres drilled since the Resource update in
March 2021
and targeting the Inferred,
it is safe to say that the model remains robust and there will be substantial new Inferred." states
Garth Drever
, V.P. Exploration. "The Spark deposit remains open in all directions with predictable
grades and widths."
The initial objective for the Phase XII drill program was to focus on converting the inferred resource
within the central portion of the Spark deposit at depth. Frontier is now focused on defining the
limits of the pegmatite and deepening some of the initial holes such as PL-065-22, that had been
terminated earlier in the program.
Figure 1 is a location map showing the project area including Frontier's land tenure and location of
the three lithium-cesium-tantalum pegmatites.
Figure 1: Location Map showing land tenure and geology (CNW Group/Frontier Lithium Inc.)
Figure 2 is a plan view showing all drilling with analytical data completed to date with emphasis on
drill hole traces reported in this release.
Figure 2: Planview map of the Spark pegmatite showing drillhole traces (CNW Group/Frontier
Lithium Inc.)
Table 1 details the drill holes with mineralized intersections while Table 2 summarizes all the Phase
XII drill holes reported within and completed up to PL-073-22.
Table 1: Details of Mineralized Intersections
Drill Hole
PL-065-22
Collared north of the Spark Pegmatite in mafic volcanic 30m west of PL-062-22, PL-065-22 was drilled to convert inferred material at depth and to
provide a northern contact of the Spark Pegmatite. Intersected a total of 171.5m of 1.57% Li
2
O and thin sheets of mafic rafts within the pegmatite as
expected.
Zone
From
(m)
To
(m)
Width
(m)
Li
2
O
(%)
Cs
2
O
(%)
Ta
2
O
5
(ppm)
Nb
2
O
5
(ppm)
SnO
2
(ppm)
Rb
2
O
(%)
Unit
Li-Enriched
112.9
184.1
71.2
1.58
0.03
109
64
107
0.36
Pegmatite, aplite, minor mafics
Li-Enriched
190.1
221.1
31.0
1.66
0.02
85
87
31
0.24
Pegmatite-aplite
Li-Cs-Ta-Rb-Enriched
241.8
287.1
45.3
1.86
1.05
327
63
152
0.53
Pegmatite-aplite
including (Li-Cs-Ta-Rb)
241.8
261.0
19.2
2.88
2.23
513
44
195
0.70
Pegmatite
Li-Enriched
306.8
330.9
24.1
0.90
0.02
71
46
43
0.16
Pegmatite, minor mafics
Drill Hole
PL-067-22
Collared in pegmatite on the southern end of the Spark orebody and 40m east of PL-066-22, the hole was drilled to convert inferred material at depth intersected
326.6m of continuous pegmatite averaging 1.92% Li
2
O
Zone
From
(m)
To
(m)
Width
(m)
Li
2
O
(%)
Cs
2
O
(%)
Ta
2
O
5
(ppm)
Nb
2
O
5
(ppm)
SnO
2
(ppm)
Rb
2
O
(%)
Unit
Li-Enriched
11.4
338.0
326.6
1.92
0.01
94
83
31
0.25
Aplite, minor pegmatite
including
98.0
148.0
50.0
2.98
0.01
85
64
25
0.18
Aplite
Drill Hole
PL-069-22
Collared in Mafic Volcanic on the southern end of the Spark orebody, PL-069-22 was drilled to convert inferred material at depth. Intersected 275.3m of pegmatite at
1.74% Li
2
O. Includes a 30m interval from 348 to 378 averaging 2.32% Li
2
O.
Zone
From
(m)
To
(m)
Width
(m)
Li
2
O
(%)
Cs
2
O
(%)
Ta
2
O
5
(ppm)
Nb
2
O
5
(ppm)
SnO
2
(ppm)
Rb
2
O
(%)
Unit
Li-Enriched
85.0
182.9
97.9
1.88
0.03
173
101
60
0.38
Aplite, minor mafics
Li-Enriched
196.7
310.9
114.3
1.61
0.03
148
86
52
0.32
Aplite, minor mafics
Li-Enriched
332.9
396.0
63.1
1.79
0.02
141
88
46
0.26
Pegmatite-aplite
including
348.0
378.0
30.0
2.32
0.02
146
81
38
0.28
Pegmatite-aplite
Drill Hole
PL-072-22
Collared in Mafic Volcanic on the southern end of the Spark orebody, 30m east of PL-069-22, the hole was drilled to convert inferred material at depth. Intersected
124.1mm of pegmatite averaging 1.55% Li
2
O.
Zone
From
(m)
To
(m)
Width
(m)
Li
2
O
(%)
Cs
2
O
(%)
Ta
2
O
5
(ppm)
Nb
2
O
5
(ppm)
SnO
2
(ppm)
Rb
2
O
(%)
Unit
Li-Enriched
34.4
41.7
7.4
1.89
0.01
159
80
36
0.19
Pegmatite-aplite
Li-Enriched
98.6
132.6
34.0
1.31
0.02
140
55
65
0.18
Pegmatite, minor mafics
Li-Enriched
153.5
184.0
30.5
1.18
0.02
107
57
70
0.23
Aplite, minor mafics
Li-Enriched
191.0
221.6
30.6
1.62
0.02
118
69
62
0.21
Aplite
Table 2: Summary of Phase XII Drill Program (May to
September 11, 2022
)
DDHNo
Date Drilled
UTM Zone 15N (NAD83)
Collar Orient
Metres Drilled
Start
End
Easting
Northing
(mASL)
Azim
Dip
Start
End
Phase XII
PL-057-22
1
2022-05-15
2022-05-17
472,733
5,829,489
355.9
358
-55
0
172.5
PL-058-22
1
2022-05-17
2022-05-23
472,733
5,829,489
355.9
177
-70
0
297.4
PL-059-22
2
2022-05-24
2022-05-28
472,698
5,829,535
356.0
165
-78
0
316
PL-060-22
2
2022-05-27
2022-06-04
472,749
5,829,559
360.0
180
-73
0
360
PL-061-22
2
2022-05-20
2022-05-27
472,773
5,829,561
360.2
178
-65
0
327
PL-062-22
3
2022-05-28
2022-06-05
472,712
5,829,596
356.2
176
-65
0
360
PL-063-22
1
2022-06-05
2022-06-10
472,746
5,829,539
360.0
187
-70
0
348.5
PL-064-22
1
2022-06-05
2022-06-10
472,712
5,829,596
356.2
141
-65
0
352.5
PL-065-22
2022-06-10
2022-06-22
472,686
5,829,583
354.0
173
-72
0
330.86
PL-066-22
3
2022-06-12
2022-06-27
472,732
5,829,371
325.0
323
-70
0
365.67
PL-067-22
2022-06-29
2022-07-04
472,778
5,829,383
327.0
315
-70
0
352.5
PL-068-22
2
2022-06-22
2022-06-27
472,790
5,829,540
360.0
171
-55
0
343.5
PL-069-22
2022-07-06
2022-07-15
472,814
5,829,385
326.0
324
-61
0
412.3
PL-070-22
3
2022-06-28
2022-07-04
472,805
5,829,588
360.0
184
-54
0
405
PL-071-22
3
2022-07-04
2022-07-15
472,805
5,829,588
360.0
160
-52
0
384.6
PL-072-22
2022-07-15
2022-07-21
472,847
5,829,384
326.0
349
-61
0
386.2
PL-073-22
3
2022-07-16
2022-07-23
472,816
5,829,589
360.0
146
-52
0
392
PL-074-22
2022-07-28
2022-08-02
472,584
5,829,497
354.0
162
-47
0
403.5
PL-075-22
2022-08-01
2022-08-06
472,571
5,829,490
354.0
177
-47
0
408
PL-076-22
2022-07-25
2022-08-05
472,846
5,829,384
326.0
314
-63
0
438
PL-077-22
2022-08-08
2022-08-24
472,864
5,829,390
326.0
354
-56
0
433.38
PL-077A-22
2022-08-06
2022-08-07
472,871
5,829,377
324.0
335
-65
0
24.6
PL-078-22
2022-08-25
2022-09-01
472,939
5,829,369
326.0
341
-55
0
339.7
PL-079-22
2022-08-06
2022-08-15
472,538
5,829,480
357.0
177
-48
0
417
PL-080-22
2022-08-16
2022-08-23
472,687
5,829,511
354.0
193
-55
0
418.5
PL-081-22
2022-08-24
2022-08-30
472,689
5,829,499
354.0
177
-46
0
367.7
PL-082-22
2022-08-30
2022-09-02
472,718
5,829,455
355.0
6
-61
0
241.5
PL-083-22
2022-09-02
2022-09-06
472,971
5,829,367
326.0
343
-57
0
377.3
PL-084-22
2022-09-07
2022-09-11
472,983
5,829,380
325.0
358
-42
0
327
PL-085-22
2022-09-02
2022-09-05
472,731
5,829,472
354.0
309
-57
0
232
PL-086-22
2022-09-05
2022-09-08
472,731
5,829,472
354.0
162
-46
0
201
PL-087-22
2022-09-08
2022-09-11
472,701
5,829,451
354.0
318
-50
0
213.4
PL-GDH-11-22
2022-07-22
2022-07-24
473,046
5,829,379
325.0
285
-47
0
173.5
PL-GDH-12-22
2022-07-23
2022-07-25
472,456
5,829,470
358.0
119
-45
0
228
Total metres drilled
11,150.6
Notes:
1: Reported on Release July 25, 2022
2: Reported on Release August 17, 2022
3: Reported on Release September 20, 2022
Other Matters
The Company has elected to introduce a phased approach in the Preliminary Feasibility Study
currently underway by firstly advancing a mine and mill development to initially produce premium
spodumene concentrates in Phase I. Phase II plans will increase mine and mill production to feed its
downstream refinery to produce lithium chemicals for the energy storage and electric vehicle battery
market. As a result of the Phased approach, the Company is updating delivery of the PFS to
calendar Q1 2023.
Due Diligence
All scientific and technical information in this release has been reviewed and approved by
Garth Drever, P.Geo., the qualified person (QP) under the definitions established by National
Instrument 43-101. Under Frontier's QA/QC procedures, all drilling was completed by Chenier
Drilling Ltd. of
Val Caron, ON
using thin walled BTW drill rods (4.2 cm core diameter) and a Reflex
ACT III oriented core system. Using the Reflex system, the drill core was oriented and marked as it
was retrieved at the drill. The core was boxed and delivered to the Frontier core shack where it was
examined, geologically logged, and marked for sampling. The core was photographed prior to
sampling. Using a rock saw, the marked sample intervals were halved with one-half bagged for
analysis. Sample blanks along with lithium, rubidium and cesium certified reference material was
routinely inserted into the sample stream in accordance with industry recommended practices. Field
duplicate samples were also taken in accordance with industry recommended practices. The
samples were placed in poly sample bags and transported to
Red Lake
by float plane and then
shipped to AGAT Laboratories Ltd. (AGAT) in
Thunder Bay
for sample preparation and to
Mississauga, Ontario
for processing and quantitative multi-element analysis. AGAT is an ISO
accredited laboratory. The core is stored on site at the Pakeagama Lake exploration camp.
About Frontier Lithium
Frontier Lithium is a preproduction business with an objective to become a strategic domestic
supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide
and other chemicals to the growing electric vehicle and energy storage markets in
North America
.
The Company maintains the largest land position and resource in a new premium lithium mineral
district located in
Ontario's
Great Lakes region.
About PAK Lithium Project
The PAK Lithium Project is one of the highest quality known lithium mineral resource in
North
America
due to its high-grade and low impurity properties in the pegmatite ore material and the
spodumene mineral. The Company published a Preliminary Economic Assessment ("PEA") in
April
2021
that indicated an after-tax Net Present Value ("NPV") at an 8% discount rate of US
$974 million
and a 21% after-tax Internal Rate of Return ("IRR") through a fully-integrated lithium operation
utilizing spodumene concentrate generated from the PAK Lithium Project to achieve downstream
conversion for production of battery-quality lithium chemicals and concentrate for the glass and
glass-ceramics market. For details, please refer to the NI 43-101 Technical report by BBA
Engineering Ltd. issued on
April 9, 2021
and filed under the Company's profile on SEDAR on
April
14, 2021
.
Forward-looking Statements
Neither the 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 adequacy or accuracy of
this release. This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical facts, that address
future production, reserve potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward looking statements include market
prices, exploitation and exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that any such statements
are not guarantees of future performance and those actual results or developments may differ
materially from those projected in the forward-looking statements. For more information on the
Company, Investors should review the Company's registered filings available at
sedar.com
.
SOURCE
Frontier Lithium Inc.
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%SEDAR: 00008434E
For further information:
Bora Ugurgel, Manager, Investor Relations, 2736 Belisle Drive Val Caron,
ON. P3N 1B3 CANADA, T. +001 705.897.7622, F. +001 705.897.7618
CO: Frontier Lithium Inc.
CNW 07:30e 11-OCT-22