Shares CUSIP: #459820 10 6 International Lithium Corp. and Pioneer Resources Intersect Spodumene Bearing Pegmatite at the Mavis Lithium Pegmatite Project, Ontario, Canada
Stock Symbol: ILC: TSXV
Shares CUSIP: #459820 10 6
International Lithium Corp. and Pioneer Resources Intersect Spodumene Bearing Pegmatite
at the Mavis Lithium Pegmatite Project, Ontario, Canada
Vancouver, B.C. February 08, 2017, International Lithium Corp. (the "Company" or “ILC”) (TSX
Venture:ILC.V) in conjunction with strategic partner Pioneer Resources Limited (“Pioneer”) (ASX:PIO)
is pleased to announce that the first drill hole of the 2017 drill programme at the Mavis Lithium
Pegmatite Project in the province of Ontario, Canada , has intersected a spodumene -bearing
pegmatite.
The first drill hole, MF -17-39, has intersected 18m * of spodumene -bearing** pegmatite between
79.9m and 97.9m down -hole. The spodumen e zone is described as exhibiting broken crystals with
the largest observed spodumene crystal oriented parallel to the core axis and measuring
approximately 45cm in length.
Photograph 1. Drill core from MF-17-39 showing the spodumene-bearing pegmatite intersection. For
reference each line of core is approximately 1.5m in length.
* The drill intersection length noted is a ‘down-hole’ measurement and may not represent the true
width of the pegmatite intersected. Additional analysis will be required to estimate the true
thickness of the highlighted intersection with any degree of confidence.
488-625 Howe St.
Vancouver, British Columbia V6C 2T6 Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
E-mail:[email protected]
Website: http://www.internationallithium.com
97.9m
79.9m Drill Core from MF-17-39
** The qualified person has sufficient experience and knowledge, in conjunction with identification
evidenced by previous work on the Project, to state with high confidence the identification of
spodumene in the highlighted intersection; however the reader should be cautioned that neither
the qualified person nor the Company make any assumptions or infer ences as to the degree of
mineralisation or grade.
Table 1. Drill Hole Collar Details
Hole ID Datum East
(m)
North
(m)
RL
(m)
Azimuth
(o)
Dip
(o)
Depth
(m)
Core
(m)
MF-17-39 UTM15N/NAD83 524384 5518027 420 80 -70 179 171.5
The coordinates have been determined using a hand-held GPS and therefore typically have an accuracy of
within 5m.
THE 2017 Mavis Lake Drilling Programme
MF-17-39 is the first hole of a programme of up to 1,500 metres of oriented diamond core drilling on
the Mavis Lithium Pegmatite Project. Additional details regarding the drill programme can be
referred to in the Company’s news release dated February 6.
Hole MF-17-39 was specifically designed to intersect the high -grade lithium pegmatite in the vicinity
of the major intersections encountered in holes MF-11-12 and MF-12-24, down dip from Pegmatite 6
observed in outcrop . The objective was to drill at an oblique angle to historic drilling to assist in
determining the attitude of Pegmatite 6 at depth.
The following are major d rill intersections down dip from Pegmatite 6 in vicinity to the highlighted
intersection in Hole MF-17-39:
MF-11-12: 26.25m at 1.55% Li2O from 152.0m; and
MF-12-24: 16.40m at 1.86% Li2O from 161.9m
The second drill hole, MF-17-40 has been collared and is currently drilling. The hole is located on the
same setup as MF -17-39, but with an azimuth of 40 o, is designed to test the down dip potential of
this spodumene bearing pegmatite at a greater depth and to provide additional structural data to
determine the spodumene bearing pegmatite geometry intersected in holes MF11 -12, MF12-24 and
MF17-39.
The Company will continue to update the market about the progress of drilling at the Mavis Lithium
Pegmatite Project as the programme advances. Drilling is anticipated to take up to 30 days to
complete and assay results are expected to be available by the end of March 2017.
Patrick McLaughlin, P.Geo, is a Qualified Person on the project as defined under NI 43 -101 and has
reviewed the technical information contained in this press release
Mavis Lithium Pegmatite Project
The Mavis Lithium Project is situated 19 kilometres east from the town of Dryden, Ontario . The
Project is ideally situated in close vicinity to the Trans -Canada highway and railway major
transportation arter ies linking larger cities such as Thunder Bay, Ontario , to the southeast and
Winnipeg, Manitoba, to the west.
The current drill program will be wholly funded by Pioneer as part of their earn -in on the Project (See
details regarding the terms of the Mavis option agreements in Company news releases dated June
22, 2016).
About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of projects,
strong management ownership, robust financial support and a strategic partner and keystone
investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the Mariana lithium -potash brine project, a joint venture with
Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the
vast majority of global lithium resources, reserves and production. The Mariana project strategically
encompasses an entire mineral rich evaporate basin , totalling 160 s quare kilometres, that ranks as
one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in
Canada known as the Mavis, Raleigh, and Forgan projects ; and one project in Ireland (Avalonia
project) that encompasses an extensive 50km long pegmatite belt . The Avalonia project is under
option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner
Pioneer Resources Limited (PIO:ASX). The Mavis, Raleigh and Forgan projects together form the basis
of the Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring
numerous prospects with previously reported high concentrations of lithium in close proxim ity to
existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion
technologies and portable electronics, lithium is paramount to tomorrow’s “green -tech”, sustainable
economy. By positioning itself with solid development partners and acquiring high quality grass roots
projects at an early stage of exploration, ILC aims to be the resource explorer of choice for investors
in green tech and build value for its shareholders.
On behalf of the Board of Directors,
Kirill Klip
Chairman, President and CEO International Lithium Corp.
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. Statements in this press release
other than purely historical information, historical estimates should not be relied upon, including statements relating to
the Company’s future plans and objectives or expected results, are forward -looking statements. News release contains
certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended. Forward -looking statements are based on numerous assumptions and are subject to all of the
risks and uncertainties inherent in the Company’s business , including risks inherent in resource exploration and
development. As a result, actual results may vary materially from those described in the forward -looking statements.
Figure 1: Mavis Lithium Pegmatite Project Location map
Figure 2: Mavis Lithium Pegmatite Project 2017 Proposed Drill Sites Location Map