Frontier Intersects Over 340 Metres of Pegmatite Averaging 1.68% Li2O at the Spark Pegmatite
Frontier Intersects Over 340 Metres of
Pegmatite Averaging 1.68% Li2O at the Spark
Pegmatite
SUDBURY, ON
,
June 1, 2021
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (OTCQX: LITOF) ("Frontier"
or "the Company") is pleased to announce the results of two of six drill holes drilled during Febrary
and March on the Spark pegmatite. Although drilling was completed on
March 19
th
2021, analytical
results have been delayed due mainly to the COVID Pandemic and QA/QC issues during
processing.
Highlights
Diamond Drill Hole ("DDH") PL-048-21 collared in pegmatite and intersected
340.7m
of
pegmatite averaging 1.68% Li
2
O;
Includes two continuous intersections of 153.1 and
116.2m
averaging 1.62% and
1.68% Li
2
O;
Includes narrower high grades zones of up to
26m
of 2.36% with one
8m
zone
averaging 3.13% Li2O;
Geomechanical DDH PL-GDH-06-21 intersected
82.2m
averaging 1.25% Li
2
O with an
11.2
m
zone at the top of the hole averaged 2.22% Li
2
O;
The western extent of the deposit is open and appears to be trending to the southwest;
Results from the remaining 4 holes are pending.
"These results reflect the strong homogeneity of the Spark deposit's spodumene and corresponding
lithium grades in the pegmatite," states
Garth Drever
, V.P. Exploration, "The probability of the
deposit extending to the southwest is exciting. Over the next three weeks we will be on site at the
project preparing for the summer drill program starting in early July. Our objectives will be to
complete the geomechanical drilling and to upgrade the bulk of Inferred resource to Measured and
Indicated as required for the Company's advancing PFS. "
The objectives for the Phase IX drill program in February-
March 2021
were to complete targets that
were not easily accessible in summer months and considered vital for completing a Pre-feasibility
Study. Drilling included four delineation (in-fill) and two geomechanical holes. The geomechanical
holes were drilled to test stability of the proposed southern pit wall. Figure 1 is a location map
showing the project area including a compilation of the Spark Deposit area. Table 1 details the
mineralized intersections of two holes (PL-GDH-06-21 and PL-048-21) while Table 2 is a summary
of all the Phase IX drill holes and geomechanical holes.
Figure 1: Compilation showing Drill Holes on Spark Deposit on the PAK Lithium Project (CNW
Group/Frontier Lithium Inc.)
Table 1: Details of Mineralized Intersections
DDH PL-048-21
Drill hole oriented to the northwest to test the southwest trending orientations of foliations and contacts from previous drilling. The hole was collared
in pegmatite and intersected mineralized pegmatite to 381.9m with narrow intervals (10 m or less) of Mafic host rock totalling 30 m. Spodumene
consistently occurs throughout the pegmatite. A total of 340.7 m of pegmatite was intersected averaging 1.68% 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
Lithium Enriched
11.0
164.2
153.1
1.62
0.01
76
102
51
0.24
Aplite / liz
including
25.0
32.5
7.5
2.89
0.01
45
71
42
0.21
LIZ
including
120.0
146.0
26.0
2.36
0.01
78
101
38
0.19
Aplite/liz
Lithium Enriched
172.5
198.6
26.1
1.48
0.02
106
103
49
0.22
Aplite
Lithium Enriched
209.5
325.7
116.2
1.68
0.01
100
96
37
0.27
Aplite / liz
including
231.0
255.0
24.0
2.03
0.01
84
82
26
0.24
Aplite / liz
Lithium Enriched
332.7
349.3
16.6
2.14
0.02
107
68
49
0.20
LIZ / Aplite
including
335.0
343.0
8.0
3.13
0.02
118
56
44
0.20
LIZ
Lithium Enriched
353.2
381.9
28.8
1.91
0.01
79
82
45
0.19
LIZ / Aplite
including
377.0
381.9
4.9
2.63
0.01
54
52
38
0.14
LIZ
Entire Hole *
11.0
381.9
340.7
1.68
0.01
88
97
45
0.24
Aplite / liz
*
Not continuous pegmatite (intersection includes 4 mafic zones all <10m)
DDH PL-GDH-06-21
To characterize a portion of the south wall of the proposed open pit at Spark as per 43-101 report titled "PAK Property" issued on April 5, 2021 .
A previously unknown zone of spodumene-bearing Aplite was intersected from the collar to 101m grading 1.25% Li
2
O over the 88.2m interval
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
Lithium Enriched
12.8
101.0
88.2
1.25
0.01
63
67
100
0.27
Aplite
including
12.8
56.0
43.2
1.58
0.01
61
59
97
0.25
Aplite
Including
12.8
24.0
11.2
2.22
0.01
59
46
83
0.22
Aplite/liz
The first hole drilled was the geomechanical hole PL-GDH-06-21 collared near the mid point of the
proposed southern pitwall as designed in the 2021 Preliminary Economic Assessment ("PEA"). The
hole was collared in spodumene-bearing aplite and extended down to
101m
. The hole ended with
76m
of mafic host rock. The aplite averaged 1.25% Li
2
O over the entire
88.2m
intersection with
upper
11.2m
averaging 2.22% Li
2
O.
The next two holes, PL-046-21 and PL-047-21 were delineation holes collared to the west (Figure 1,
Table2). Results are pending due to reasons stated above. Oriented structural data from these
holes and previously drilled holes suggest a southwest-northeast trend of the Spark pegmatite
towards the west. To better understand this, hole PL-048-21 was oriented towards the northwest
and stepped back to test the extent of the mineralized aplite intersected in hole PL-GDH-06-21.
PL-048-21 was also collared in pegmatite extending from
11.0m
down to
164.2m
before intersecting
8.3m
of metavolcanic host rock then back into predominately pegmatite to
381.9m
. The hole ended
at
393.0m
in metavolcanics. In total,
340.7 m
of spodumene-bearing aplite-pegmatite was
intersected consistently averaging 1.68% Li
2
O. The mineralized zone is dominated by spodumene-
bearing aplite with several zones of coarser-grained LIZ (Lower-Intermediate Zone similar to PAK)
occur with spodumene laths up to 3cm with increased Li
2
O content. Examples are
7.5m
from 25 to
32.5m
averaging 2.89% Li
2
O and
8m
from 335 to 343 averaging 3.13% Li
2
O.
Results from the remaining holes are expected in the near future.
Table 2: Summary of Drill Holes
Geomechanical
DDHNo
Date Drilled
UTM Zone 15N (NAD83)
Collar Orient
Metres Drilled
Start
End
Easting
Northing
(mASL)
Azim
Dip
Start
End
Spark
PL-GDH-06-21
2021-02-07
2021-02-10
472,803
5,829,380
326.2
177
-50
0
177.0
PL-GDH-07-21
2021-02-25
2021-02-26
472,950
5,829,376
325.5
165
-46
0
83.0
Total metres drilled
260.0
Delineation
DDHNo
Date Drilled
UTM Zone 15N (NAD83)
Collar Orient
Metres Drilled
Start
End
Easting
Northing
(mASL)
Azim
Dip
Start
End
Phase IX
PL-046-21
2021-02-11
2021-02-18
472,781
5,829,321
326.0
330
-47
0
376.2
PL-047-21
2021-02-18
2021-02-24
472,695
5,829,295
326.0
330
-48
0
298.5
PL-048-21
2021-02-26
2021-03-08
472,865
5,829,345
326.0
305
-50
0
393.0
PL-049-21
2021-03-08
2021-03-19
472,880
5,829,317
326.0
330
-42
0
303.2
Total metres drilled
1,370.9
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 Frontier employees and
then shipped to AGAT Laboratories Ltd. (AGAT) in
Thunder Bay
for processing and to
Mississauga,
ON
for 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 (TSX.V: FL) (OTCQX: LITOF) (FSE: HL2) is an emerging pure play lithium company
with the largest land position in the Electric Avenue, an emerging premium lithium mineral district
located in the Great Lakes region of northern
Ontario
. The company maintains 100% ownership in
the PAK Lithium Project which contains one of
North America's
highest-grade, large tonnage hard-
rock lithium resources in the form of a rare low-iron spodumene. The Project has significant upside
exploration potential. Frontier is a pre-production business that is targeting the manufacturing of
battery quality lithium hydroxide in the Great Lakes Region to support electric vehicle and battery
supply chains in
North America
. Frontier maintains a tight share structure with management
ownership approximately 25% of the Company.
About PAK Lithium Project
The PAK Lithium Project encompasses 26,774 hectares at the south end of
Ontario's
Electric
Avenue, the largest land package hosting premium lithium bearing pegmatites in
Ontario
. The Project
covers 65 km of the Avenue length and remains largely unexplored; however, since 2013 the
company has delineated two premium spodumene bearing lithium deposits (Pak and Spark) located
2.3 km from each other. A 2021 Preliminary Economic Assessment of a fully-integrated lithium
operation utilizing spodumene concentrate generated from the PAK Lithium Project resource to
achieve downstream conversion for production of battery-quality lithium chemicals (NI 43-101
Technical report titled "PAK Property" by BBA Engineering Ltd. issued on
April 5, 2021
) resulted in a
post-tax NPV8% of USD
$974M
with a 21% IRR. Considerable exploration upside is supported on
the PAK Lithium Project through two other spodumene bearing discoveries; Bolt pegmatite located
between PAK and Spark deposits, as well as Pennock pegmatite, a further 30 km northwest of PAK
within the Project claims.
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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For further information:
Company Contact 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 08:20e 01-JUN-21