Phase 2 Drilling Returns Lithium Oxide Concentrations of 3.62% Over 6.46m, 2.91% Over 7.89m, 2.73% Over 8.39m and 2.45% Over 9.9m at International Lithium Corp.'s Raleigh Lake Lithium Project, Ontario, Canada
Phase 2 Drilling Returns Lithium Oxide
Concentrations of 3.62% Over 6.46m, 2.91%
Over 7.89m, 2.73% Over 8.39m and 2.45% Over
9.9m at International Lithium Corp.'s Raleigh
Lake Lithium Project, Ontario, Canada
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - International Lithium Corp.
(TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "
Company
" or "
ILC
") is pleased to announce the
complete assay results for Phase 2 of the diamond drilling program at the Raleigh Lake Lithium project
near Ignace, Ontario, Canada.
Further to Company news releases dated February 9, March 21, May 17, and June 23, 2022; ILC
completed 6,251 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the
winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres.
Phase 2 ran from May 12 to June 30, 2022 drilling 4,198 metres in twenty-six (26) holes (Table 1).
Phase 2 saw six holes targeting Zone 2 and twenty holes within Zone 1. This brings the total to eight
holes drilled at Zone 2 and twenty-eight at Zone 1 in 2022 so far.
Drilling Highlights
All but two holes testing Pegmatite 1 in Zone 1 intersected spodumene-bearing pegmatite
demonstrating tremendous continuity of the mineralized body (see Figure 1).
Pegmatite 1 shows a distinct mineral zonation with intervals of rubidium-enriched monocrystalline
megacrystic microcline that occurs in the roof portion and occasionally in the spodumene-rich core
of the pegmatite.
Potential exists for the thicker higher-grade mineralization to exist closer to surface as the enriched
zone appears to be trending up-dip, closer to surface, to the northwest where very little drilling
exists.
Recent structural interpretations (including results from Zone 2) predict additional parallel
pegmatite at depth as the drilling moves further to the north.
Phase 1 and 2 pierce points intersected Pegmatite 1 along a strike length of 300 metres and
along its dip for over 175 metres.
Phase 3 drilling will test the near-surface potential of the spodumene-rich core over an up-dip
extent of over 250 metres.
Pegmatite 1 Spodumene Zone Intersection Highlights*
RL22-27: 13.74 metres grading
1.90% Li
2
O
(from 115.23 metres)
including 7.89 metres averaging
2.91% Li
2
O
in the spodumene core zone (from 120.51m);
RL22-29: 11.01 metres grading
1.32% Li
2
O
(from 105.39 metres)
including 5.35 metres averaging
2.62% Li
2
O
in the spodumene core zone (from 107.15m);
RL22-30: 6.44 metres grading
1.64% Li
2
O
(from 117.82 metres);
RL22-34: 10.74 metres grading
1.18% Li
2
O
(from 99.76 metres);
RL22-35: 9.9 metres grading
2.45% Li
2
O
(from 97.2 metres);
RL22-36: 6.46 metres grading
3.62% Li
2
O
(from 96.24 metres);
RL22-37: 8.39 metres grading
2.73%
Li
2
O
(from 99.36 metres);
RL22-39: 6.91 metres grading
1.8%
Li
2
O
(from 117.16 metres);
Pegmatite 1 Rubidium Bearing Microcline Intersection Highlights*
RL22-33: 1.75 metres grading
1.43% Rb
2
O
from 111.4 metres;
RL22-35: 2.44 metres grading
0.95% Rb
2
O
from 97.2 metres;
RL22-41: 2.8 metres grading
0.84% Rb
2
O
from 106.7 metres.
* All intervals reported are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-100% of the
reported intervals based on the geometry of the bodies and structural measurements on oriented core.
Phase 2 Drilling
Twenty of the twenty-six holes drilled during Phase 2 of the 2022 drilling campaign were cored in Zone 1
and tested the up-dip and eastern extent of Pegmatites 1 and 3. Zone 1 is a stacked set of shallow
dipping pegmatite dykes that make up the main target of the first stages of exploration of the Raleigh
Lake project.
Zone 1 pegmatites have been defined by drilling and surface exposures in an area exceeding 600
metres x 400 metres for Pegmatite 1. The Phase 2 drill holes were drilled interstitially to historic drill
holes and the Company's previous drilling (Figure 1). Pierce points were planned to be at approximately
50 metre step outs from one another in preparation for a maiden resource calculation and to better
define the core zone of Pegmatite 1 and its associated rubidium rich component.
The high-grade core of Pegmatite 1 is trending up-dip towards the surface exposure (Figure 1 and 2).
This trend provides an additional 250 metres of up-dip extension for the high-grade core from the current
drilling, bringing a good portion of the target closer to surface. Additionally, there are several smaller
spodumene bearing pegmatites intersected at deeper depths below Pegmatite 1 which the Company
interprets as providing significant discovery potential below and to the north of the current target area.
Six holes from Phase 2 were cored into Zone 2 targeting structures interpreted from airborne magnetic
data and supported by lithogeochemical surveys showing elevated lithium concentrations. The down dip
projection of Pegmatite 2, a small surface exposure of spodumene-bearing pegmatite approximately
750 metres northwest of Pegmatite 1 with a similar structural orientation, was also tested during this
program but access to suitable drill sites was restricted due to topographical and terrain constraints.
Results were encouraging with some spodumene bearing pegmatitic veins being intersected but more
importantly the continuity of the Zone 2 pegmatites, which dip consistently to the southeast, project below
Pegmatites 1 and 3 at Zone 1. The down dip potential of these spodumene-bearing dykes will be further
investigated in future drill programs.
A summary of the analytical results for Phase 2 is given in Table 2.
Phase 3 Drilling
The Company is now preparing for the third phase of drilling in 2022 where an additional 1,500 metres
of drilling will test portions of the up-dip component to Pegmatite 1 and approximately 1,000 metres
testing a number of shallow targets identified in Zones 5 and 6 that are road accessible.
Table 1: Summary of drill holes cored during Phase 2 of the 2022 drill program at Raleigh Lake.
Hole ID
Easting
Northing
Azimuth
Dip
Depth (m)
Elevation (m)
Prospect
RL22-19
575392
5474665
315
-50
101
461
ZONE 2
RL22-20
575577
5474468
290
-50
149
460
ZONE 2
RL22-21
575529
5474531
315
-50
110
458
ZONE 2
RL22-22
575481
5474545
315
-50
221
461
ZONE 2
RL22-23
575293
5473901
280
-50
176
469
ZONE 2
RL22-24
575318
5473994
285
-50
152
468
ZONE 2
RL22-25
576827
5473597
315
-75
170
480
ZONE 1
RL22-26
576792
5473573
315
-75
170
477
ZONE 1
RL22-27
576754
5473674
310
-50
170
482
ZONE 1
RL22-28
576757
5473674
35
-60
182
482
ZONE 1
RL22-29
576755
5473672
305
-70
149
482
ZONE 1
RL22-30
576719
5473585
310
-70
137
477
ZONE 1
RL22-31
576743
5473504
315
-70
194
480
ZONE 1
RL22-32
576673
5473551
315
-70
170
478
ZONE 1
RL22-33
576793
5473641
315
-80
149
481
ZONE 1
RL22-34
576746
5473651
315
-70
140
478
ZONE 1
RL22-35
576770
5473633
315
-70
150
478
ZONE 1
RL22-36
576710
5473618
315
-70
161
475
ZONE 1
RL22-37
576690
5473637
310
-70
151
474
ZONE 1
RL22-38
576693
5473567
315
-70
173
479
ZONE 1
RL22-39
576659
5473601
315
-70
152
474
ZONE 1
RL22-40
576724
5473671
305
-60
152
480
ZONE 1
RL22-41
576725
5473671
355
-58
137
480
ZONE 1
RL22-42
576621
5473543
315
-70
167
474
ZONE 1
RL22-43
576653
5473512
315
-70
185
478
ZONE 1
RL22-44
576616
5473478
315
-70
230
479
ZONE 1
Table 2: Summary of significant mineralized intersections from Phase 2 Drilling at Raleigh Lake.
2022 Raleigh Lake Drilling Program: PHASE II Results
Pegmatite
Intersections**
Hole_ID
From (m)
To (m)
Width
(m)
Cs2O
(%)
Li2O
Rb2O
Comments
RL22-27
115.23
128.97
13.74
0.011
1.90
0.14
Pegmatite #1 top to
bottom
incl.
120.51
128.4
7.89
0.010
2.91
0.09
Higher grade core of
Pegmatite 1
RL22-29
105.39
116.4
11.01
0.013
1.32
0.14
Pegmatite #1 top to
bottom
incl.
107.15
112.5
5.35
0.020
2.62
0.19
Higher grade core of
Pegmatite 1
RL22-30
117.82
124.26
6.44
0.010
1.64
0.27
Peg #1
RL22-31
155.6
156.8
1.2
0.010
1.88
0.24
Peg #1
and
165.79
170
4.21
0.010
1.04
0.30
Peg #1
RL22-32
52.36
55.54
3.18
0.020
1.07
0.22
Peg #3
and
142.73
150.46
7.73
0.010
0.63
0.13
Peg #1
RL22-33
108.93
115.82
6.89
0.030
0.36
0.39
Peg #1
incl.
111.4
113.15
1.75
-
-
1.43
Rb-rich core
RL22-34
99.76
110.5
10.74
0.020
1.18
0.41
Pegmatite #1 top to
bottom
RL22-35
97.2
107.1
9.9
0.020
2.45
0.44
Pegmatite #1 top to
bottom
Incl.
97.2
99.64
2.44
-
-
0.95
Rb-rich cap
RL22-36
36.08
38.19
2.11
0.020
1.31
0.35
Peg #3
and
96.24
102.7
6.46
0.010
3.62
0.11
Pegmatite #1 top to
bottom
RL22-37
99.36
107.75
8.39
0.010
2.73
0.17
Pegmatite #1 top to
bottom
RL22-38
51.95
55.28
3.33
0.020
0.22
0.15
Peg #3
and
122.73
128.64
5.91
0.010
1.43
0.23
Pegmatite #1 top to
bottom
RL22-39
23.85
27.15
3.3
0.010
1.33
0.25
Peg #3
and
117.16
124.07
6.91
0.010
1.80
0.26
Pegmatite #1 top to
bottom
RL22-40
96.2
106.3
10.1
0.020
0.40
0.30
Pegmatite #1 top to
bottom
RL22-41
104.15
117.5
13.35
0.020
0.71
0.27
Pegmatite #1 top to
bottom
Incl.
106.7
109.5
2.8
-
-
0.84
Rb-rich core
RL22-42
140
146
6
0.010
1.12
0.21
Outer margins of Peg #1
RL22-43
57.25
61.4
4.15
0.020
1.15
0.37
Peg #3
and
153.55
160.45
6.9
0.010
1.10
0.24
Outer margins of Peg #1
RL22-44
50.5
54.1
3.6
0.040
1.48
0.20
Peg #3
and
164.5
168.9
4.4
0.010
0.39
0.30
Outer margins of Peg #1
** All intervals reported in this table are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-
100% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.
Figure 1: Approximate surface trace outline of Pegmatite 1 showing pierce points from drilling.
Pegmatite 1 appears to have an enriched core trending up dip toward the northwest. The Company will
investigate this enrichment trend in upcoming drill programs.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_003full.jpg
.
Figure 2: Cartoon cross section A-A' (Figure 1) illustrating the orientation of Pegmatite 1 and the up-dip
projection to its surface outcrop. Pegmatite 1 appears to have an enriched core, a rubidium rich zone in
the form of a monomineralic microcline and is thicker than previously interpreted based on the exposed
outcrop, which occurs in a heavily vegetated area. Note that smaller pegmatitic veins intersected in the
drill holes are not shown.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_004full.jpg
.
John Wisbey, Chairman and CEO of International Lithium Corp. commented:
These are very good results with high grades of lithium and rubidium at Raleigh Lake, and we are
increasingly enthusiastic about the prospects for this project. Now that we have our permissions in place
for further drilling, we will shortly begin some of the additional drilling that we have been planning.
We should be on track to produce a Maiden Resource Estimate for Raleigh Lake by the end of 2022.
It should be stressed that the above results represent drilling on only about 8% of our 48,500 hectares for
this project.
Quality assurance/quality control procedures
International Lithium Corp. has implemented a rigorous quality assurance/quality control program to
ensure best practices in sampling and analysis of diamond drill core. All assays are performed by
Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-
service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80%
passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm (Code RX1).
Primary analysis method: Peroxide (Total) Fusion, ICP-OES & ICP-MS with 55 elements that include
detection levels for Li of 15ppm - 50,000ppm and rubidium of 0.4 to 5,000 ppm (Lab code UT7). Sodium
peroxide fusion provides total metal recovery and is effective for the decomposition of sulphides and
refractory minerals which are common to pegmatite.
Over limit analysis method: Samples that return with results above the instruments detectable levels for
lithium (50,000 ppm) and Rb (5,000 ppm) are then re-analyzed by Assay Grade, Peroxide (Total) Fusion
(Code 8 Peroxide ICP-OES).
The drill program was under the control of a Professional Geoscientist, registered with Engineers &
Geoscientists British Columbia. The Company and its contractors carried out the program under full
compliance with COVID-19 protocols based on guidelines issued by Public Health Ontario and
provincial health authorities of Ontario to ensure the safety and health, for all personnel.
About International Lithium Corp.
International Lithium Corp. believes that the world faces a significant turning point in the energy market's
dependence on oil and gas and in the governmental and public view of climate change. In addition, we
have seen the clear and increasingly urgent wish by the USA and Canada to safeguard their supplies of
critical battery metals and to become more self-sufficient. Our Canadian projects are strategic in that
respect.
Our key mission in the next decade is to make money for our shareholders from lithium and rare metals
while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of
our existing projects in Canada and Ireland as well as finding, exploring and developing projects that
have the potential to become world class lithium and rare metal deposits.
A key goal has been to become a well-funded company to turn our aspirations into reality, and following
the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in
January 2022, the Board of the Company considers that ILC is now well placed in that respect with a
strong net cash position.
The Company's interests in various projects now consists of the following, and in addition the Company
continues to seek other opportunities:
Name
Location
Area
(Hectares)
Current
Ownership Percentage
Future Ownership
percentage if options
exercised or work
carried out
Operator or JV Partner
Raleigh Lake
Ontario
48,500
100%
100%
ILC
Wolf Ridge
Ontario
5,700
0%
100%
ILC
Avalonia
Ireland
29,200
45%
21%
Ganfeng Lithium
Mavis Lake
Ontario
2,600
0%
0%
(carries an extra earn-in
payment of CAD $1.4M if
resource targets met)
Critical Resources Ltd
Forgan Lake
& Lucky Lake
Ontario
< 500
0%
1.5% Net Smelter
Royalty
Ultra Lithium Inc.
The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and
caesium project in Canada and on identifying additional properties.
The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in
Ontario and is ILC's most significant project in Canada. The exploration results there so far, which are on
only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the
pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances,
and is royalty free.
With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical
storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a
"green tech" sustainable economy. By positioning itself with projects with significant resource potential
and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers
of choice for investors and to continue to build value for its shareholders in the '20s, the decade of
battery metals.
Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed
technical information and has reviewed and approved the contents of this news release.
On behalf of the Company,
John Wisbey
Chairman and CEO
www.internationallithium.com
For further information concerning this news release please contact +1 604-449-6520
Neither 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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release or other releases contain certain "forward-
looking information" within the meaning of applicable securities law. Forward-looking information or
forward-looking statements in this or other news releases may include: the effect of results of
anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or
Wolf Ridge or Avalonia projects, the expectation of resource estimates, preliminary economic
assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and
operating costs, results of studies utilizing various technologies at the company's projects, budgeted
expenditures and planned exploration work on the Company's projects, increased value of
shareholder investments, and assumptions about ethical behaviour by our joint venture partners or
third party operators of projects. Such forward-looking information is based on a number of
assumptions and subject to a variety of risks and uncertainties, including but not limited to those
discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and
annual Management's Discussion and Analysis which are available at
www.sedar.com
. While
management believes that the assumptions made are reasonable, there can be no assurance that
forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or
other factors materialize, or should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking information. Forward-looking information herein,
and all subsequent written and oral forward-looking information are based on expectations, estimates
and opinions of management on the dates they are made that, while considered reasonable by the
Company as of the time of such statements, are subject to significant business, economic, legislative,
and competitive uncertainties and contingencies. These estimates and assumptions may prove to be
incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required
by law, the Company assumes no obligation to update forward-looking information should
circumstances or management's estimates or opinions change.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/137801