Frontier Lithium Discovers a New Lct Pegmatite and Announces Results from 2022 Regional Mapping Program
FRONTIER LITHIUM DISCOVERS A NEW LCT
PEGMATITE AND ANNOUNCES RESULTS
FROM 2022 REGIONAL MAPPING PROGRAM
SUDBURY, ON
,
Jan. 31, 2023
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or "the Company") is pleased to announce results from the 2022 mapping
campaign at the PAK Lithium Project. The mapping program delivered several key results, including:
Discovery of a new pegmatite zone approximately 1km WNW of the Spark deposit;
Two grab samples with an average grade of 3.1 % Li
2
O
Significant expansion of the Pennock Pegmatite showing;
Three grab samples grading 1.7%, 1.7%, and 3.0% Li
2
O
Generation of prospective targets to be followed up in future regional mapping and prospecting
programs.
Garth Drever
, Vice-President of Exploration, commented, "Our exploration team completed an
efficient and targeted program throughout this past summer and fall. We expect that the
identification of new mineralized zones and key structural features will not only expand our
understanding of the project area but will also lead to additional discoveries and high-grade
opportunities. We look forward to building on the results of our teams' hard work and plan to
continue our methodical approach to this evolving lithium district."
2022 Mapping Program
Between the months of May and August, Frontier Lithium conducted both detailed and regional
mapping and prospecting in areas both proximal to known spodumene-bearing pegmatites and in
under-explored areas within its approximately 27,000 hectare land tenure with the following
objectives:
Ground-truthing regional work at 1:
50k
scale previously completed by Ontario Geological
Survey (OGS)
Reconnaissance prospecting for new lithium bearing pegmatites
Further investigation of known lithium bearing pegmatite showings.
Figure 1 is a preliminary compilation of the work completed showing the coverage over the entire
project area with more detail at the Pennock and Spark areas. As many as 33 areas classified as
pegmatite, pegmatite veins etc. (white crosses) have been identified and require follow-up.
Geochemical analysis was completed on 38 grab samples. Table 1 is a summary of the grab
samples from the Pennock and Spark-Ext areas.
Figure 1:
Preliminary compilation of the 2022 Summer Mapping and Prospecting Program (CNW
Group/Frontier Lithium Inc.)
Table 1: Summary of Mineralized samples from Pennock and Spark extension areas
Area
Station
WGS84 Zone 15N
Sample ID
Li
2
O
%
Cs
2
O
%
Rb
2
O
%
Ta
2
O
5
ppm
SnO
2
ppm
Nb
2
O
5
ppm
Lithology
UTM_E
UTM_N
Spark
Ext
22TG0050
471,350
5,829,920
B00197951
3.08
0.003
0.09
55
43
63
Pegmatite
22TG0050
471,350
5,829,920
B00197952
3.04
0.003
0.09
55
48
59
Pegmatite
Pen-
nock
22EB0109
456,870
5,844,307
B00197966
3.04
0.002
0.09
23
193
34
Pegmatite
22EB0128
456,707
5,844,086
B00197959
1.74
0.007
0.19
16
14
13
Pegmatite
22EB0130
456,549
5,844,138
B00197960
1.70
0.006
0.31
44
20
27
Pegmatite
New Showings
Spark Extension
A new LCT pegmatite showing 10 x
15m
, was discovered approximately 1 km WNW of the Spark
Pegmatite (See inset map in Figure 1 (Station 22TG0050)). The spodumene-bearing pegmatite is
surrounded by mafic volcanic host rock and contains aplitic to pegmatitic zoning with a mineral
assemblage of spodumene, quartz, muscovite, +-lepidolite and garnet. These characteristics are all
analogous to the Spark deposit and follows the same general trend of all currently discovered LCT
pegmatites in the project area. Pegmatite veins with similar mineralogy and texture can be traced
up to 6km NW of Spark. Figure 2 shows the outcrop and a close-up of the typical "snowshoe"
textures of the SQUI (spodumene quartz intergrowths).
Figure 2:
View of Spark Extension looking east (left) with closeup of the "snowshoe" textures on the
right (CNW Group/Frontier Lithium Inc.)
Pennock extension
Additional mapping and prospecting proximal to the Pennock LCT pegmatite uncovered additional Li-
bearing pegmatites, including three up to 30m in length. The Pennock showing which was previously
defined as a 1.5 km-long pegmatite dike, has increase significantly in size, despite the low outcrop
exposure. The inset map in Figure 1 shows the location of two of the larger pegmatite
outcrops both with grab samples averaging 1.7% Li2O. Station 22EB0109 with a grade of 3.0%
Li2O is from the original Pennock showing. Figure 3 shows the two southern outcrops (Stations
22EB0128 and 22EB0130) with grabs samples each grading 1.7% Li2O.
Figure 3 shows the two southern outcrops (Stations 22EB0128 and 22EB0130) with grabs samples
each grading 1.7% Li2O. (CNW Group/Frontier Lithium Inc.)
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. During the mapping program representative samples were routinely collected using rock
hammers, however, it should be noted that because of the nature of some outcrop surfaces, an
optimum sample was difficult to obtain. 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.
Other Matters
The Company would also like to announce at this time that is has granted 150,000 stock options
under the New Stock Option Plan (the "
Options
"). The Options have been issued to certain
directors, officers, or employees of the Company. The Options are exercisable at a price of $
$2.30
per common share and will have a term of 5 years from the date of issuance. 50% of these Options
vest on the grant date, and the remaining 50% vest on the date that is the first anniversary date of
the grant date. These Options are subject to approval by the TSXV.
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 premium lithium mineral district
located in
Ontario's
Great Lakes region.
About PAK Lithium Project
The PAK lithium project contains one of
North America's
highest-grade lithium resources. The project
encompasses close to 27,000 hectares and remains largely unexplored; however, since 2013, the
company has delineated two premium spodumene-bearing lithium deposits (PAK and Spark),
located 2.3 kilometres apart. Exploration is continuing on the project through two other spodumene-
bearing discoveries: the Bolt pegmatite (located between the PAK and Spark deposits), as well as
the Pennock pegmatite (25 kilometres northwest of PAK deposit within the project claims). A 2021
preliminary economic assessment (National Instrument 43-101 technical report titled "NI 43-101
Technical Report, Pak Property, PAK, Red Lake Mining District,
Ontario, Canada
" by BBA E&C Inc.,
with an effective date of
April 5, 2021
) delivered a fully integrated lithium operation, including the
mine and mill and the conversion plant for production of battery-quality lithium salts.
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:
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 07:00e 31-JAN-23