Frontier Lithium Provides Additional Drilling Results Indcicating BOLT Pegmatite is up to 75M Wide
FRONTIER LITHIUM PROVIDES ADDITIONAL
DRILLING RESULTS INDCICATING BOLT
PEGMATITE IS UP TO 75M WIDE
SUDBURY, ON
,
Aug. 10, 2023
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or "the Company"),
Ontario's
leading lithium developer, is pleased to announce
drilling results on 4 additional holes drilled on the Bolt pegmatite Until this year, the Bolt pegmatite
had only been mapped and channeled on surface exposures and is located between the Spark and
PAK spodumene-bearing lithium deposits on the PAK Lithium Project. Several condemnation holes
were also drilled in preparation for an upcoming definitive feasibility study on the PAK Lithium
Project.
Highlights
The Company completed
3.806m
in 15 drill holes delineating Bolt.
DDH PL-111-23 and PL-112-23 indicate that the Bolt pegmatite has a horizontal width of up to
75m
wide
DDH PL-111-23 intersected
109.5m
of pegmatite averaging 0.96% Li
2
O.
Including
29.0m
from 148.0 to
177.0m
averaging 1.14% Li
2
O
Including
34.2m
from 192.0 to
1226.2m
averaging 1.17% Li
2
O
DDH PL-112-23 intersected
90.1m
of pegmatite averaging 0.72% Li
2
O.
Including
26.6m
from 176.3 to
202.9m
averaging 1.51% Li
2
O
"The latest results suggest that the Bolt pegmatite is wider than what we initially suspected," states
Garth Drever
, VP Exploration. "Bolt appears to have a large central zone that breaks up along strike
into a series of dykes of variable thickness."
Figure 1 is a location map showing the project area including Frontier's land tenure and location of
the three lithium-cesium-tantalum pegmatites can be found
here
.
Figure 2 is a plan-view map showing the PAK-Bolt area. It highlights locations of the 2023 Phase XIII
drilling and includes a smaller map inset showing the Bolt outcrop exposures. This inset presents
drillhole traces displaying major lithological features and assay results. The condemnation holes
completed are also included on Figure 2 showing the geology along the traces.
Figure 2: Planview map of the Bolt-PAK area showing Recent results from the Bolt Drilling (CNW
Group/Frontier Lithium Inc.)
Surficial detailed mapping at Bolt is currently underway and includes channel sampling. Access in the
area is hindered by underbush and deciduous regrowth in the overburden regions of the pegmatite
and mafic exposures. Initial results are encouraging extending the surficial pegmatite outcroppings
southwest above drillhole intersections (note that the 2023 mapping is preliminary and shown on the
inset map in Figure 2).
As previously reported, there may be continuity between the Bolt pegmatite and the Spark deposit
located
200m
to the NW, but that continuity is undetermined and will require additional drilling. Bolt
mineralization currently extends to within
100m
of the Spark pitshell. The pegmatite appears to be
cutoff along strike to the southeast but remains open at depth. Pegmatitic intersections in DDH PL-
111-23 and PL-112-23 with horizontal widths of 75 and
60m
respectively, are encouraging and
correspond to the recent surficial mapping.
A series of widely spaced single condemnation holes were drilled mainly in areas of planned
infrastructure, including the region between PAK and Bolt, to confirm the absence of mineralized
pegmatites near surface.
The drill program encompassed three drillholes at Spark, drilled in late March and concluded in July,
with a fourth drill hole spanning 550 meters. The primary focus of these endeavors was to explore
the western extension of the Spark pegmatite. Spodumene-bearing pegmatite was intersected in all
holes. The Phase XIII drilling is now complete for the year as assays results continue to come in.
Table 1 details the drill holes with mineralized intersections at Bolt while Table 2 summarizes all drill
holes completed to date in 2023 on the PAK Lithium Project.
DDH PL-109-23
Collared 58m SE of PL-103-23, the hole was stepped out down strike to intersect the pegmatite mapped on
surface. The main pegmatite zone was split by a 69m wide metasediment and mafic raft
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
66.3
75.3
9.1
0.56
0.008
74
116
71
0.28
Pegmatite + Aplite
including
66.3
70.0
3.8
1.10
0.011
65
142
66
0.38
Pegmatite
Li-Enriched
138.7
147.7
9.0
1.36
0.028
111
63
46
0.20
Aplite
Table 1: Summary of Drill Hole Intersections
DDH PL-110-23
Collared 95m SE of PL-109-23, the hole was stepped out down strike to intersect the pegmatite mapped on
surface. The main pegmatite zone was split by a 37m wide mafic volcanic raft
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
80.2
120.5
40.4
0.53
0.005
61
86
56
0.16
Aplite
including
80.2
86.5
6.3
1.00
0.006
81
63
33
0.15
Aplite
including
110.5
114.9
4.3
1.43
0.005
76
110
70
0.17
Aplite
Li-Enriched
158.0
164.5
6.4
1.23
0.014
98
59
49
0.21
Aplite w/ mafics
DDH PL-111-
23
Collared 95m SE of PL-110-23, the hole was stepped out down strike to intersect the pegmatite mapped on
surface. The main pegmatite zone intersected has a true width of approximately 75m with localized
elevated mineralization
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
Aplite Zone
120.3
226.2
105.9
0.96
0.008
55
70
59
0.19
Aplite
including
121.6
126.3
4.8
1.88
0.004
51
62
54
0.22
Aplite
including
148.0
177.0
29.0
1.14
0.006
51
75
59
0.20
Aplite
including
182.9
187.5
4.6
1.98
0.004
43
66
46
0.18
Aplite
including
192.0
226.2
34.2
1.17
0.013
62
58
50
0.18
Aplite
DDH PL-112-23
Collared 75m SE of PL-111-23, the hole was stepped out down strike to intersect the pegmatite zone
intersected in PL-111. The main pegmatite zone intersected has a true width of approximately 60m with
localized elevated mineralization
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
Aplite Zone
115.9
206.0
90.1
0.72
0.008
56
87
69
0.24
Aplite
Including
176.3
202.9
26.6
1.51
0.010
64
67
52
0.21
Aplite
Table 2: Summary of 2023 Drilling at PAK, 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
327.0
345
-60
0
174.1
PL-101-23
2023-03-26
2023-03-28
472,567
5,829,280
329.0
346
-60
0
181.5
PL-102-23
2023-03-28
2023-03-30
472,512
5,829,260
329.0
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
1,080.1
Bolt - Phase XIII
PL-103-23
2023-03-31
2023-04-02
473,126
5,829,159
344.0
41
-43
0
203.5
PL-104-23
2023-04-02
2023-04-03
473,096
5,829,215
340.0
45
-45
0
163.5
PL-105-23
2023-04-03
2023-04-04
473,101
5,829,230
340.0
45
45
0
135.0
PL-106-23
2023-04-04
2023-04-07
473,101
5,829,234
340.0
354
-44
0
360.0
PL-107-23
2023-04-08
2023-04-15
473,094
5,829,225
340.0
260
-43
0
282.0
PL-108-23
2023-04-11
2023-04-13
473,095
5,829,228
340.0
300
-45
0
246.0
PL-109-23
2023-04-16
2023-04-17
473,153
5,829,108
344.0
45
-45
0
213.0
PL-110-23
2023-04-18
2023-04-19
473,204
5,829,033
351.0
48
-45
0
211.5
PL-111-23
2023-04-20
2023-04-23
473,221
5,828,937
353.0
45
-45
0
330.0
PL-112-23
2023-04-23
2023-04-25
473,284
5,828,901
357.1
45
-46
0
248.0
PL-113-23
2023-04-25
2023-04-28
473,308
5,828,840
360.0
50
-45
0
270.0
PL-114-23
2023-04-28
2023-05-02
473,390
5,828,822
367.0
44
-46
0
320.0
PL-115-23
2023-05-02
2023-05-04
473,447
5,828,750
369.0
44
-45
0
255.0
PL-117-23
2023-05-08
2023-05-11
473,487
5,828,685
371.0
46
-44
0
250.4
PL-122-23
2023-05-26
2023-05-30
473,202
5,828,869
356.0
43
-49
0
317.7
Total
3,805.6
Condemnation - Phase XIII
PL-116-23
2023-05-04
2023-05-08
473,432
5,828,791
368.0
205
-45
0
336.0
PL-118-23
2023-05-12
2023-05-15
473,510
5,828,563
372.0
219
-44
0
345.0
PL-119-23
2023-05-15
2023-05-18
473,571
5,828,481
371.0
45
-44
0
300.0
PL-120-23
2023-05-19
2023-05-23
473,594
5,828,428
369.0
211
-44
0
343.5
PL-121-23
2023-05-23
2023-05-26
473,202
5,828,869
356.0
223
-46
0
255.0
PL-123-23
2023-05-29
2023-05-31
474,210
5,828,281
325.0
210
-45
0
36.0
PL-124-23
2023-06-03
2023-06-05
474,095
5,828,433
334.0
214
-44
0
234.5
PL-124B-23
2023-06-01
2023-06-02
474,052
5,828,388
325.0
215
-45
0
36.4
PL-125-23
2023-06-06
2023-06-10
473,953
5,828,555
332.0
222
-45
0
331.5
PL-126-23
2023-06-10
2023-06-14
474,025
5,828,624
331.0
28
-44
0
345.0
PL-127-23
2023-06-14
2023-06-19
474,265
5,828,359
336.0
232
-46
0
400.0
PL-128-23
2023-06-19
2023-06-22
474,394
5,828,453
336.0
32
-44
0
304.5
PL-129-23
2023-06-22
2023-06-25
474,487
5,828,405
335.0
31
-45
0
336.0
PL-130-23
2023-06-25
2023-06-29
474,628
5,828,341
332.0
42
-45
0
321.3
PL-131-23
2023-06-29
2023-07-01
474,172
5,828,043
329.0
40
-45
0
201.0
PL-132-23
2023-07-02
2023-07-05
474,857
5,828,251
328.0
32
-44
0
319.5
Total
4,445.2
PAK - Geotechnical Phase XIII
PL-GDH-13-23
2023-02-07
2023-02-12
474,417
5,827,788
318.0
34
-47
0
352.5
PL-GDH-14-23
2023-02-12
2023-02-13
474,283
5,828,051
319.0
121
-47
0
102.0
PL-GDH-15-23
2023-02-13
2023-02-16
474,796
5,828,023
323.0
249
-47
0
266.1
PL-GDH-16-23
2023-02-17
2023-03-23
474,586
5,828,129
324.0
191
-47
0
99.0
PL-GDH-17-23
2023-02-18
2023-02-23
474,384
5,827,860
321.0
55
-69
0
201.0
PL-GDH-18-23
2023-03-03
2023-03-05
474,701
5,827,894
317.0
17
-69
0
120.0
PL-GDH-19-23
2023-03-06
2023-03-11
474,668
5,827,787
316.0
340
-70
0
201.0
PL-GDH-20-23
2023-02-23
2023-02-28
474,826
5,827,883
320.0
290
-70
0
201.0
PL-GDH-21-23
2023-02-28
2023-03-03
474,763
5,828,096
325.0
213
-71
0
97.5
PL-GDH-22-23
2023-03-16
2023-03-21
474,437
5,827,982
325.0
34
-69
0
201.0
PL-GDH-23-23
2023-03-12
2023-03-15
474,741
5,828,050
319.0
39
-69
0
192.0
Total
2,033.1
Grand Total
11,364.0
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 (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.
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 news release. This news release includes certain statements that may be deemed "forward-
looking statements". All statements in this release, other than statements of historical fact constitute
forward-looking statements. Forward looking statements contained in this news release include, but
are not limited to, statements with respect to: estimated mineral resources, estimated capital costs
to construct mine facilities, estimated operating costs, the duration of payback periods, estimated
amounts of future production, estimated cash flows, net present value (NPV) , and statements that
address future production, reserve potential, exploration drilling, exploitation activities and events or
developments that the Company expects.
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 may differ materially from those expressed in the forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. Risk factors that could cause
actual results to differ materially from those in forward looking statements include: market prices for
commodities, increases in capital or operating costs, construction risks, availability of infrastructure
including roads, regulatory and permitting risks, exploitation and exploration successes, continued
availability of capital and financing, financing costs, 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:
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 07:30e 10-AUG-23