Frontier Lithium Intersects 108.4M of 2.12% Li2O ON the Spark Pegmatite and Issue Stock Options
FRONTIER LITHIUM INTERSECTS 108.4M OF
2.12% Li2O ON THE SPARK PEGMATITE AND
ISSUE STOCK OPTIONS
SUDBURY, ON
,
Sept. 25, 2023
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or "the Company"), one of
Ontario's
leading lithium exploration companies, is
pleased to announce results from the 4 holes drilled on the Spark pegmatite in 2023, in addition to
channel sampling results on what may be a potential western extension of the Spark deposit,
situated 1 km away.
Highlights
DDH PL-133-23 extends a high-grade NW zone of the Spark pegmatite 90 metres ("m") west,
intersecting
108.4m
of continuous pegmatite averaging 2.12% Li
2
O.
Including
7.6m
from 408.9 to
416.5m
averaging 3.58% Li
2
O
Including
6.1m
from 482.5 to
488.5m
averaging 3.16% Li
2
O
Including
4.2m
from 498.0 to
502.2m
averaging 3.36% Li
2
O
DDH PL-100-23 intersects
134.3m
of continuous pegmatite, averaging 1.27% Li
2
O.
Including
16.6m
from 65.8 to
82.4m
averaging 2.09% Li
2
O
Including
49.2m
from 96.3 to
145.5m
averaging 2.25% Li
2
O
Channel samples CH-52 and CH-53 located on an outcrop 1 km west along strike of the Spark
deposit returned a combined
18.0m
of pegmatite averaging 2.16% Li
2
O
Including
6m
averaging 3.27% Li
2
O
"The most recent findings consistently indicate the possibility of expanding the Spark resource both
at greater depths and along the geological strike." says
Garth Drever
, VP Exploration of the
Company. "We are excited about delving deeper into the newly discovered Spark Extension, which
has yielded high-grade channel sample values. Although its early stage, there are strong similarities
with the high-grade intersection in hole PL-133-23 and the Spark extension channels. Exploring
potential connection to the primary Spark deposit is one of our objectives for 2024."
During the spring season, PL-100-23, PL-101-23, and PL-102-23 were drilled on the SW pod of the
main Spark pegmatite with the objective of upgrading material near surface to the indicated
category. The results suggest that the pod primarily consists of aplite with varying lithium grade
throughout. Unfortunately, drilling of PL-102-23 had to be halted as it approached the higher-grade
zone due to warming weather conditions. There are plans to resume drilling in this hole during the
upcoming winter season.
Additionally, PL-133-23 was stepped out
90m
to intersect the Spark pegmatite at greater depth,
confirming a steep NW plunge and expanding the high-grade lithium zone. This zone with elevated
assay values give hope that it may be approaching a more evolved section of the pegmatite
representing a higher level of fractionation and the potential for a tier 1 technical grade zone similar
to the PAK deposit.
Figure 1 is a plan-view map highlighting the Spark deposit and nearby Spark Extension to the west.
Drillhole traces are displaying major lithological features for all holes and surface channels plus
lithium assay results that have been released. Figure 2 is a 3D rendering from the Pre-Feasibility
Study Spark model with transparency showing drill hole traces and details on the 4 holes being
reported.
Figure 1: Planview map highlighting the four 2023 holes drilled at Spark and the two channels cut at
the Spark Extension to the west. (CNW Group/Frontier Lithium Inc.)
Figure 2: Spark model showing drill hole and channel traces and detail for the 4 holes reported.
(CNW Group/Frontier Lithium Inc.)
Table 1 details the drill holes and channels with mineralized intersections from the Spark area while
Tables 2 and 3 respectively summarize all drill holes completed at Bolt and Spark and the channels
completed at the Spark Extension in 2023.
DDH PL-100-23
Collared in between PL-055-22 and PL-056-22, hole was stepped back 10m to convert material from inferred to indicated on the SW pod of the Spark pegmatite;
results were 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
Table 1: Summary of 2023 Drill Hole and Channel Intersections at Spark
Li-Enriched
27.2
161.5
134.3
1.27
0.012
59
106
50
0.21
Aplite
including
65.8
82.4
16.6
2.09
0.009
51
87
51
0.11
Aplite
including
96.3
145.5
49.2
2.25
0.009
37
71
36
0.15
Aplite
DDH PL-101-23
Collared 46m W of PL-100-22, hole was designed to convert material from inferred to indicated on the SW pod of the
Spark pegmatite; results were 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
9.9
54.4
44.5
1.79
0.011
56
75
39
0.14
Aplite
including
18.0
52.6
34.6
2.24
0.009
49
59
32
0.12
Aplite
Aplite Zone
68.3
90.3
22.0
0.21
0.012
80
91
48
0.14
Aplite
Li-Enriched
106.0
170.9
64.9
1.08
0.013
76
123
52
0.27
Aplite
including
111.2
144.6
33.4
1.80
0.011
68
110
49
0.20
Aplite
Total Pegmatite
131.3
1.18
0.012
70
101
47
0.20
Aplite
DDH PL-102-23
Collared 60m west of PL-101-22, hole was stepped out along strike to test the extension of the SW Spark pegmatite pod. Results show that the pegmatite is still
open, although the spodumene content is starting to diminish. The hole had to be stopped prematurely due warming weather and thawing conditions, with plans
to re-enter the hole next drill program. The last 4m of the hole hit 3.04% LiO2.
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
Pegmatite zone
23.1
26.0
2.9
0.22
0.017
57
128
212
0.41
Pegmatite
Pegmatite zone
55.1
61.4
6.3
0.08
0.008
99
103
80
0.13
Pegmatite
Aplite zone
64.5
105.0
40.5
0.25
0.011
89
152
68
0.26
Aplite-Pegmatite
Aplite zone
127.6
174.0
46.4
0.70
0.012
65
105
77
0.30
Aplite
including
170.0
174.0
4.0
3.04
0.005
31
51
25
0.15
Aplite
DDH PL-133-23
Collared 90m west of PL-099-23, PL-133-23 was stepped out to test the strike extent of the recently discovered NW portion of the Spark pegmatite which
appears to be plunging steeply in the NW direction. Results have extended the zone westward and have confirmed that it contains elevated levels of Li relative
to the rest of the deposit. These elevated assay values indicate that this zone may represent the footwall of the pegmatite
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
Pegmatite Zone
399.6
508.0
108.4
2.12
0.030
107
79
123
0.44
Pegmatite-Aplite
Including
408.9
416.5
7.6
3.58
0.014
31
20
35
0.13
Pegmatite-Aplite
Including
425.6
433.1
7.5
2.31
0.030
95
77
212
0.49
Pegmatite-Aplite
Including
451.7
454.6
2.9
3.04
0.023
147
85
70
0.25
Pegmatite-Aplite
Including
482.5
488.5
6.1
3.16
0.015
99
34
69
0.17
Pegmatite-Aplite
Including
498.0
502.2
4.2
3.36
0.024
46
16
47
0.28
Pegmatite-Aplite
CH-52
Located 1km NW of the Spark deposit, CH-52 was channeled on an LCT pegmatite outcrop to confirm the grade and texture. The 10x15m sized outcrop
is thought to be part of a potential extension of the Spark pegmatite. Assay results are encouraging.
Site
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
Spark
Extension
LI-Enriched
0.0
8.0
8.0
2.38
0.004
91
96
72
0.13
Pegmatite-Aplite
CH-53
Channeled on the same outcrop as CH-52 approximately 7m to the west, CH-53 was cut to confirm the grade and texture of the outcrop. Assay
results are encouraging
Site
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
Spark
Extension
LI-Enriched
0.0
10.0
10.0
1.98
0.001
77
83
15
0.02
Aplite
including
0.0
6.0
6.0
3.27
0.002
76
87
22
0.04
Aplite
Table 2: Summary of 2023 Drilling at Bolt and Spark
DDHNo
Date Drilled
UTM Zone 15N (NAD83)
Collar Orient
Metres Drilled
Start
End
Easting
Northing
(mASL)
Azim
Dip
Start
End
Spark - Phase XIII
PL-100-23
2023-03-24
2023-03-26
472,612
5,829,280
326.0
345
-60
0
174.1
PL-101-23
2023-03-26
2023-03-28
472,567
5,829,280
326.5
346
-60
0
181.5
PL-102-23
2023-03-28
2023-03-30
472,512
5,829,260
327.0
347
-63
0
174.0
PL-133-23
2023-07-05
2023-07-14
472,443
5,829,345
327.0
346
-64
0
550.5
Total
1080.1
Bolt - Phase XIII
PL-103-23
1
2023-03-31
2023-04-02
473,126
5,829,159
344.0
41
-43
0
203.5
PL-104-23
1
2023-04-02
2023-04-03
473,096
5,829,215
340.6
45
-45
0
163.5
PL-105-23
3
2023-04-03
2023-04-04
473,101
5,829,230
340.0
45
45
0
135.0
PL-106-23
3
2023-04-04
2023-04-07
473,101
5,829,234
338.3
354
-44
0
360.0
PL-107-23
3
2023-04-08
2023-04-15
473,094
5,829,225
339.2
260
-43
0
282.0
PL-108-23
3
2023-04-11
2023-04-13
473,095
5,829,228
338.6
300
-45
0
246.0
PL-109-23
2
2023-04-16
2023-04-17
473,153
5,829,108
349.7
45
-45
0
213.0
PL-110-23
2
2023-04-18
2023-04-19
473,204
5,829,033
350.0
48
-45
0
211.5
PL-111-23
2
2023-04-20
2023-04-23
473,221
5,828,937
352.4
45
-45
0
330.0
PL-112-23
2
2023-04-23
2023-04-25
473,284
5,828,901
357.3
45
-46
0
248.0
PL-113-23
3
2023-04-25
2023-04-28
473,308
5,828,840
363.4
50
-45
0
270.0
PL-114-23
3
2023-04-28
2023-05-02
473,390
5,828,822
368.2
44
-46
0
320.0
PL-115-23
3
2023-05-02
2023-05-04
473,447
5,828,750
369.6
44
-45
0
255.0
PL-117-23
3
2023-05-08
2023-05-11
473,487
5,828,685
373.0
46
-44
0
250.4
PL-122-23
3
2023-05-26
2023-05-30
473,202
5,828,869
353.8
43
-49
0
317.7
Total
3805.6
Note 1: Results released in Press Release May 8th 2023
Note 2: Results released in Press Release August 10th 2023
Note 3: Results released in Press Release September 7th 2023
Channel
Date Samples
UTM Zone 15N (NAD83)
Orientation
Metres Cut
Smp
Start Date
End Date
Easting
Northing
(mASL)
Azim
Dip
Start
End
Spark Extension
CH-52
2023-05-21
2023-05-21
471,355
5,829,922
333.0
154
0
0
8
8
CH-53
2023-05-21
2023-05-22
471,348
5,829,923
332.1
170
2
0
10
13
Totals
18
21
Table 3: Summary of 2023 Channeling on Spark Extension
Issuance of Stock Options
The Company also announces that pursuant to its Stock Option Plan, which was approved by
shareholders at the Company's annual general meeting of shareholders on
September 13, 2023
,
422,500 stock options have been granted to certain employees, officers, directors, and strategic
advisors of the Company. The options are set for a period of five years, expiring on
September 25,
2028
, have an exercise price of
$1.10
, and are subject to regulatory and TSX Venture Exchange
approval.
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 -
Standards of Disclosure for Mineral Projects
. Under Frontier's QA/QC
procedures, all drilling was completed by Chenier Drilling Ltd. of
Val Caron, Ontario
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. A Reflex GYRO
Sprint-IQ survey instrument was used every
50m
downhole and again at the end of each hole when
rods were pulled out. A Reflex North Finder APS unit was utilized to complete accurate positioning
and orientation of the drill collar upon setup. 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, Ontario
by float plane and then shipped to AGAT Laboratories Ltd. (AGAT) in
Thunder Bay,
Ontario
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
Company's Pakeagama Lake exploration camp.
About Frontier Lithium
Frontier Lithium Inc. (TSX-V: FL) (FRA: HL2) (OTCQX: LITOF) is a preproduction business with an
objective to become an integrated 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's sole project maintains
the largest land position and resource in a premium lithium mineral district located in
Ontario's
Great
Lakes region.
About the PAK Lithium Project
The PAK lithium project contains
North America's
highest-grade lithium resource and is the second
largest in
North America
by size. 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 2023 Pre-Feasibility Study "National Instrument 43-101
Technical Report PFS PAK Lithium Project" by BBA E&C Inc., delivered a 24- year project life,
delivering a post-tax NPV(8%) of
US$1.74 billion
and IRR of 24.1% as per the press release
disseminated on
May 31, 2023
, and was filed on Sedar.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute "forward-statements." Such forward looking
statements involve known and unknown risks, uncertainties and other factors that may cause the
Company's actual results, performance or achievements, or developments to differ materially from
the anticipated results, performance or achievements expressed or implied by such forward-looking
statements. Although the Company believes, in light of the experience of its officers and directors,
current conditions and expected future developments and other factors that have been considered
appropriate that the expectations reflected in this forward-looking information are reasonable, undue
reliance should not be placed on them because the Company can give no assurance that they will
prove to be correct. When used in this press release, the words "estimate", "project", "belief",
"anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words
or such variations thereon or comparable terminology are intended to identify forward-looking
statements and information. The forward-looking statements and information in this press release
include information relating to the prospectivity of the Company's mineral properties, the
mineralization and development of the Company's mineral properties, the Company's exploration
program and other mining projects and prospects thereof. Such statements and information reflect
the current view of the Company. Risks and uncertainties that may cause actual results to differ
materially from those contemplated in those forward-looking statements and information. By their
nature, forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements. The forward-looking information contained in this news release
represents the expectations of the Company as of the date of this news release and, accordingly, is
subject to change after such date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any other date. The Company undertakes
no obligation to update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
Readers are cautioned that any such forward-looking 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, please review the
Company's public filings available on SEDAR+ at www.sedarplus.com.
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 news release.
SOURCE
Frontier Lithium Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2023/25/c4246.html
%SEDAR: 00008434E
For further information:
Company Contact Information: Bora Ugurgel, Senior 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 13:00e 25-SEP-23