Spod Lithium Completes Phase 1 of Its Exploration Program at Its Lithium Grande 4 and Megali Lithium Projects in James BAY Quebec
News Release
SPOD LITHIUM COMPLETES PHASE 1 OF ITS EXPLORATION PROGRAM AT ITS LITHIUM
GRANDE 4 AND MEGALI LITHIUM PROJECTS IN JAMES BAY QUEBEC
Highlights:
• 25 days of fieldwork exploration were completed over both properties.
• A total of 229 rock-chip samples were taken over the 2 properties and have been sent to ALS Laboratories
for alkaline fusion assaying with results pending.
• An aeromagnetic, VLF (very-low-frequency) electromagnetic and radiometric survey was flown over the
entire claim group.
• Ground micro-gravity survey was completed over 0.8 to 1.2 km lines totalling 488 stations.
• Several pegmatite outcrops have been identified and sampled. Observation shows the potential to
identify large pegmatites on Block C. Pegmatites are concentrated in 500-metre-wide swarms recognized
over a kilometric strike length.
• Mineralogical and textural characteristics observed allow to link Block C pegmatite s to the LCT type
(Lithium-Cesium-Tantalum).
• The MegaLi project shares its border with Patriot Battery Metals Inc’s Corvette property and is located
about 3 km south from CV5 pegmatite system. The CV5 pegmatite contains 109.2 Mt of inferred
resources at 1. 42% LiO2 contains in spodumene (Patriot Battery Metals, Corporate presentation,
December 2023, (Presentation - Patriot Battery Metals).
Vancouver, B.C. – December 7, 2023 – SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD)
(OTCQB: SPODF) is pleased to report that the company has completed the 1st phase of its exploration program
on its MegaLi ( 78 mineral claims covering a total area of 3,996.67 hectares - 40 square kilometres) and Lithium
Grande 4 ( 41 mining claims covering 2,100 hectares - 21 square kilometres) projects located in James Bay ,
Quebec.
In addition to ground fieldwork grab sampling over a 25-day period, the company also contracted ALS Goldspot
Discoveries Ltd. and Prospectair to complete a series of airborne surveys over the James Bay properties. ALS
Goldspot's M-PASS multiparameter platform consists of a triaxial magnetic gradient magnetic/VLF (very -low
frequencey) platform and a 2,048-channel radiometric sensor, along with a high-precision LiDar sensor and high-
resolution cameras capable of producing four band imagery. Prospectair flew 1,209km of lines at 50 meters
spacing.
The airborne survey aims to map the geology and identify structural trends on the property where the presence
of pegmatites exists, which often correspond with magnetic lows often associated with a topographic expression.
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Spod completed the work with the goal to further identify areas of potential sub- outcropping pegmatites, which
will be used to guide future exploration campaigns.
In addition, a ground gravity survey was completed by Val-d'Or, Québec based Géophysique TMC using a
Scintrex CG-5HT and a Trimble R12I real time GPS receiver. The accuracy reported is 2.4 cm on the
horizontal plane and 1.0 cm for the elevation reading.
The gravity survey aimed to evaluate the size of the Block C pegmatite and identify parallel, or satellite
pegmatites covered by overburden. Approximately 9 km of lines covered the pegmatite target, split between
three grids composed of 50 meter widely spaced lines from 880 to 1280 meters in length. A total strike length
of approximately 800 meters was covered with 488 measures.
TMC developed an inversion model based on the assumption that the Block C pegmatite shows a similar
composition as the outcropping section of Patriot Battery Metals CV5 deposit (inferred resources of 109.2 Mt
@ 1.42% Li2O*).
*see Patriot Battery Metals website (https: //patriotbatterymetals.com)
The survey has already proven to be a success as a number of potential drill targets have been identified as a
result of the survey. The potential drill targets will be further evaluated as part of the 2nd phase of the 2024
exploration program.
The geophysics work done to date is a key determinant for progressing on Spod Lithium’s Block “C’ pegmatite
discovery previously announced on October 4, 2023. Multiple large pegmatite intrusions were identified following
the north-east regional structural trend. Individual pegmatite ridges can be followed for about 1km along strike.
Peripheric exploration and mapping of the geology, indicated that potential thickness of these intrusions can be
in the 10 to 50 metre range. The distribution of outcrops suggests a 500-metre-wide swarm composed of stacked
intrusions. Gravimetry lines show a clear low gravity signature largely covering the position of pegmatites known
at surface (see figure 3).
Chris Cooper, President, and Chief Executive Officer of Spod Lithium, stated "Phase 1 of the exploration program
was deemed a tremendous success based on the extensive geological and geophysical work undertaken by our
team and working partners. The gravi metric survey aimed at a similar objective as the signature obtained by
Winsome Resources on the Adina Project, located about 90km to the south -east of Block C. A similar
methodology was applied with the search of a similar result. We think that this type of approach offers a strong
possibility to trace favorable pegmatite trends within the overburden coverage.”
Pegmatites identified show variable concentrations of potassic feldspar, albitic plagioclase, quartz and muscovite
as main components. Locally, tourmaline (black and dark blue) and garnet appear as accessory phases. The
crystallization texture can be locally very coarse grain when compared with average pegmatite with individual
crystals reaching locally 20 cm. Preliminary observations indicate the zoned internal structure of the Block C
pegmatite.
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Figure 1: MegaLi and Grande 4 projects location map
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Figure2: View to the east of the Block “C” pegmatites complex.
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Figure3: Gravity signature compared on pegmatite mapping. CV5 pegmatite outline interpreted from https:
//patriotbatterymetals.com
Source: Report on a Ground Gravity Survey Completed on the MegaLi Project, James Bay, Quebec, Submitted
to Spod Lithium Corporation. November 2023, Joel Simard, P.Geo, Geoph.
Qualified Person
Martin Demers, PGeo, senior geologist, and a consultant to Visible Gold Mines, is the qualified person for Visible
Gold Mines’ properties under National Instrument 43 -101 - Standards of Disclosure for Mineral Projects ,
responsible for the technical contents of this news release, and has approved the disclosure of the technical
information contained herein.
About Spod Lithium Corp.
Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development of mineral
properties containing battery, base, and precious metals. The Company’s flagship assets are its Lithium properties
located in the James Bay region of Quebec and the Nipigon and Niemi region of Ontario, Canada. For further
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information, please refer to the Company's disclosure record on SEDAR ( www.sedar.com) or contact the
Company through its website at www.spodlithiumcorp.com or by telephone at 604.721-3000.
On Behalf of the Board of Directors
Chris Cooper
Chief Executive Officer
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