Frontier Lithium to drill untested Bolt Pegmatite
Frontier Lithium to drill untested Bolt
Pegmatite
SUDBURY, ON
,
March 15, 2023
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or "the Company") is pleased to provide an update for current and future
exploration plans for the PAK Lithium Project (the Project) in northwestern Ontario.
Highlights
Frontier Lithium has an exploration target of
100M
tonnes (measured, indicated and inferred) of
open pit resource on the Project;
Phase XIII Diamond Drill Program targeting up to 10,000 meters;
The Project has two exploration drills on site with maiden drilling on the untested 600 meter long
Bolt pegmatite to commence by spring;
PAK deposit geotechnical and environmental drilling currently underway;
Exploration drilling planned to test Spark deposit western extension towards a high-grade target
1.1km on strike from the resource;
Continue to conduct environmental baseline studies to advance project permitting.
The Phase XIII drill Program has been designed to contribute towards the Company's Exploration
target of
100M
tonnes of open pit resource on the PAK Lithium Project (Figure 1) and to perform
limited geotechnical and environmental drilling to support feasibility study of the Project.
Figure 1: Location map showing land tenure, geology and infrastructure (CNW Group/Frontier
Lithium Inc.)
A maiden drill program will soon commence testing the 600 meter long Bolt pegmatite showing
located between the PAK and Spark deposits (Figure 2). Currently the Bolt pegmatite has been
defined by surface mapping and two channel cuts (
36m
channel averaging 1.51% Li2O and
49m
channel averaging 1.14% Li2O spaced
230m
apart). A minimum of 6 drill holes are planned targeting
Bolt. During the summer other targets generated during the 2022 regional mapping and prospecting
will be followed-up with detailed mapping, prospecting and channel sampling.
Figure 2: Location Map showing Spark deposit, Bolt pegmatite and new pegmatite discovery north
of Spark deposit (CNW Group/Frontier Lithium Inc.)
Further exploration drilling is planned to define the western extension of the Spark deposit,
particularly the "high grade" zone intersected to the northwest including the one-kilometre area
between the Spark deposit and the new pegmatite discovered through two grab samples averaging
3.1% Li
2
O in 2022" (Figure 2).
Garth Drever
VP Exploration commented" Its exciting times to substantially increase a world-class
spodumene pegmatite like Spark with what we anticipate from drilling the Bolt pegmatite. Although
not visibly connected on surface, drilling may confirm continuity at depth."
In
January 2023
, permits were granted by the
Ontario
government to extract and remove 1,000
metric tonne bulk samples from both the PAK and Spark deposits. Currently drilling, blasting and
hauling activities are taking place on the Project. In February the Company commenced
hydrogeological and geomechanical drilling on the Project required for feasibility at the PAK deposit
pit area. Some in-fill drilling targeting the Spark inferred resource will also be completed as a part of
the program.
On
February 28
th
, 2023, the Company updated the
Mineral resource estimate
(report pending) on
Spark deposit only. Figure 3 is the Global Resource for the Project including PAK deposit as per the
2021 preliminary economic assessment (National Instrument 43-101 technical report titled "NI 43-
101 Technical Report.
PAK Lithium Project Global Resource
2023 (2023-02-28)
Deposit
Resource Category
Tonnes
(t)
Li
2
O
(%)
Contained
Li
2
O (t)
Lithium
Carbonate
Eq. LCE
(t)
PAK
Measured
1,344,600
2.14
28,790
71,193
PAK
Indicated
5,884,930
1.81
106,373
263,044
Spark
Indicated
18,828,000
1.52
286,186
707,694
PAK
Inferred
2,758,250
2.22
61,107
151,108
Spark
Inferred
29,746,000
1.34
398,596
985,668
Combined
Measured/Indicated
26,057,530
1.62
421,348
1,041,931
Combined
Inferred
32,504,250
1.41
459,703
1,136,776
Combined
Measured/Indicated/Inferred
58,561,780
1.50
881,052
2,178,707
Figure 3: PAK Lithium Project Global Resource
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.
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:
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 07:30e 15-MAR-23