Imagine Lithium Intercepts 21 m Grading 1.16% Li2O at Jackpot
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Imagine Lithium Intercepts 21 m Grading 1.16%
Li2O at Jackpot
October 19, 202 2 Vancouver, BC, Canada – IMAGINE LITHIUM INC. (the
“Company” or “Imagine”) (ILI-TSX:V) (OTCQB:ARXRF) is pleased to announce assay
results from its ongoing drill program at the Jackpot lithium project. The drill program
is designed to test targets along strike both to the east and west of the Jackpot lithium
project located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario
(see Figure 1). All of today's reported results are located within the eastern extension
of the Jackpot property and are outside the known historically drilled Jackpot Main
Zone. The current drill program has expanded the mineralized lithium zone at least
400 metres to the east of the previously drilled area (see Figure 2).
Highlights of the assay results reported today include:
Hole JP-2022-21C: 21.0 m @ 1.16% Li2O, including 8.0 m @ 1.40% Li2O;
Hole JP-2022-21B: 3.00 m @ 0.92 Li2O % and 11.00 m @ 0.87 Li2O %
Hole JP-2022-16: 5.02 m @ 1.12% Li2O and 3.12 m @1.35 Li2O %
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Figure 1: Jackpot Property located next to Trans Canada Highway, power, port, railroad and
workforce
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Figure 2: Assay Results from 2022 drill program. Drill holes highlighted in light green are
related to the today’s assay results.
J.C. St-Amour, President of Imagine commented, “Today we announced one of the
best intercepts to date on the Jackpot property both in terms of width and grade. I
am very pleased that these results are to the east of our primary historical a rea of
drilling on the property and they demonstrate the property’s expansion potential.
Also, it is important to note that all our results so far this year have been very shallow,
from surface to ~100 metres, meaning the dikes are at or near surface. The drill
program is ongoing and aimed at increasing the size of the historical resource both
along strike but also to the north by testing additional parallel pegmatite targets.”
The current drill program is designed to test possible extensions of the Jackpot deposit
along a known lithium bearing trend . To date 6,755 metres have been drilled with
results returned from approximately 3,463 metres. The Company will release drilling
and sampling results as they become available.
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Table 1: Assay Results from 2022 drill program.
DDH_no. Li2O (wt.
%) From (m) To (m) Length
(m)
JP-2022-15 1.60 38.00 38.69 0.69
0.58 45.40 47.40 2.00
JP-2022-16 0.52 17.45 22.48 5.03
0.87 24.48 33.04 8.56
Incl. 1.12 24.48 29.50 5.02
0.64 33.10 36.20 3.10
0.85 40.88 46.85 5.97
Incl. 1.35 40.88 44.00 3.12
JP-22-21B 0.92 74.95 78.00 3.00
0.87 82.00 93.00 11.00
JP-2022-21C 1.16 32.66 53.66 21.00
Incl. 1.40 32.66 40.66 8.00
*Apparent thickness
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples
collected from the core material obtained from the Jackpot property. The protocol
included the insertion and monitoring of appropriate reference materials, in this case
high concentration and low concentration certified OREAS lithium standards, blanks
and duplicates, to validate the accuracy and precision of the assay results. All
collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core
shack under the supervision of professional geologists. Sample bags were then put in
rice pouches and kept securely before being sent by road transport to the Actlabs
laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-
OES method (8-Li package).
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo,
an Independent Qualified Person as defined by the National Instrument 43-101.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of
Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway
(Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake
Superior. The property contains known lithium bearing granitic pegmatite dikes, of
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
which two provided estimated historical resources of 2 million tons at 1.09% Li2O and
750,000 tons at 1.38% Li2O*.
About Imagine Lithium Inc.
Imagine Lithium is a junior mining exploration company focused on seeking and
acquiring world -class mineral projects. The company holds the Jackpot lithium
property located near Nipigon, Ont. , which contains known pegmatite showings
including two historical resources of 2 million tons grading 1.09% Li 2O and 750,000
tons at 1.38% Li2O.
* The estimates presented above are treated as historic information and have not been verified or relied
upon for economic evaluation by the Company. These historical mineral resources do n ot refer to any
category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the
2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the
inability by the Company to ve rify the data acquired by the various historical drilling campaigns. The
Company has not done sufficient work yet to classify the historical estimates as current mineral resources
or mineral reserves.
ON BEHALF OF THE BOARD
“J.C. St-Amour”
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchang e) accepts responsibility for the adequacy
or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements,
which relate to future events or future performance and reflect management’s current
expectations an d assumptions. Such forward -looking statements reflect management’s
current beliefs and are based on assumptions made by and information currently available to
the Company. Investors are cautioned that these forward-looking statements are neither
promises nor guarantees and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward -looking statements are made
as of the date hereof and, except as required under applicable securities legislati on, the
Company does not assume any obligation to update or revise them to reflect new events or
circumstances. All the forward-looking statements made in this press release are qualified by
these cautionary statements and by those made in our filings with SEDAR in Canada (available
at WWW.SEDAR.COM).