Spod Lithium Corp. Provides Exploration Update ON North Nipigon/Niemi Pegmatite Project
SPOD LITHIUM CORP. PROVIDES EXPLORATION UPDATE ON
NORTH NIPIGON/NIEMI PEGMATITE PROJECT
Vancouver, B.C. – June 15, 2023 – SPOD LITHIUM CORP. (“ SPOD” or the “ Company”)
(CSE: SPOD) (OTCQB:SPODF) is pleased to provide an exploration update on it’ s Phase I
exploration program for its 100% owned North Nipigon / Niemi Lithium project in the Georgia
Lake Pegmatite Field, Ontario. DCX Geological Consulting has successfully completed the Phase
I program on the 8,679-hectare project, in which they identified numerous high priority target areas
by overlaying historic al data with geophysical and LiD AR data collected from the Company’s
February 2023 Mag/VLF airborne survey. The Phase I program focused on the most prospective
areas for spodumene bearing pegmatite bodies on the project . The program covered the Niemi
Block, North Nipigon Block A and North Nipigon Block C (Figure 1). A total of 107 surface grab
samples were collected and submitted to the Actlabs facility in Thunder Bay, ON (assays pending).
North Nipigon Block B remains untested due to access restrictions and the Phase II exploration
program will include mapping and sampling on this highly prospective and historically
underexplored area.
The Phase I program successful ly identified three high priority targets for bedrock stripping and
channel sampling. Multiple areas of thin overburden cover and black spruce swamp were
identified, and a soil/tree bark sampling program is being mobilized. Prospecting will continue on
all claim blocks with detailed mapping planned for the three bedrock stripping areas identified by
this Phase I work.
Figure 1 shows the North Nipigon – Niemi Project with Rock Tech and Imagine Lithium’s developing
deposits.
Block A
Block C
Block B
PHASE I PROGRAM HIGHLIGHTS
The Phase I program successfully identified:
• Two-mica granite exposures along the Niemi trend (MDI42E05SW00017) that will be the
focus of bedrock stripping and sampling on the Niemi Block.
• Multiple bedrock stripping targets on the north shore of Parole Lake, near spodumene rich
boulders which returned assay values of 0.764 % Li 2O and 0.685 % Li 2O (Ontario
Geological Survey AFRI 20000019444) on North Nipigon Block A.
• New bedrock stripping targets on North Nipigon Block C.
• Geochemical (soil/tree bark) sampling areas on Block A and Block C.
Chris Cooper, Spod Lithium’s CEO commented, “We are very encouraged by the initial outcome
of phase 1 of our exploration program. We are confident there is potential for multiple exploration
discoveries over the North Nipigon and Niemi properties and look forward to the assay results
from the over 100 grab samples sent to Actlabs.”
North Nipigon – Niemi Project
The North Nipigon – Niemi Project is underlain by Archean metasediments and granites, along
with Keweenawan age diabase. Pegmatites in the region occur close to and within the granitic
plutons. The Project is contiguous with RockTech Lithium’s Georgia Lake Project and Imagine
Lithium’s Jackpot Lithium Project. RockTech’s Project contains a NI43- 101 compliant indicated
resource of 10.6 Mt at 0.88% Li20 and a NI43-101 compliant inferred resource of 4.2 Mt of 1.00%
Li2O (MRE Source: Technical Report, NI 43 -101, Pre-Feasibility Study, Georgia Lake, effective
October 1, 2022). There are numerous other known pegmatite occurrences in the region as shown
in Figure 1.
JAMES BAY QUEBEC
The Company is eager to begin its planned exploration program on its Megali and Lithium Grande
4 projects. The recent restrictions imposed by the Quebec government, because of t he regional
forest fire situation, is directly impacting exploration operations, and, therefore, the company is
temporarily delayed in kicking off its surface exploration field activities until the situation
improves. The company is actively monitoring t he situation to ensure all company activities are
compliant with respective governmental decrees and to ensure the safety of personnel associated
with the property. The company will provide further updates as information becomes available.
Qualified person
Jason Arnold, P.Geo., President of DCX Geological Consulting and an independent Qualified
Person as such term is defined by National Instrument 43-101 - Standards of Disclosure for
Mineral Projects, has reviewed and approved the geological information reported in this news
release. The Qualified Person has not completed sufficient work to verify the historic information
on the Property and in the vicinity, particularly regarding historical drill results, historical mine
production and historical grab samples. However, the Qualified Person believes that these results
were completed to industry standard practices. The information provides an indication of the
exploration potential of the Property but may not be representative of expected results. Also,
mineralization hosted on adjacent and/or nearby properties, particularly with respect to
neighbouring mineral resources, is not necessarily indicative of mineralization hosted on the
Company's property.
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 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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