Imagine Lithium Intersects 11.50 m of 1.08% Li2O and 8.80 m of 0.81% Li2O at Casino Royale and Makes New Pegmatite Dike Discovery
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Imagine Lithium Intersects 11.50 m of 1.08% Li2O
and 8.80 m of 0.81% Li2O at Casino Royale and
Makes New Pegmatite Dike Discovery
Vancouver, BC, Canada, January 15, 2025– IMAGINE LITHIUM INC. (the
“Company” or “Imagine”) (TSX-V: ILI) (OTCQB: ARXRF) is pleased to report the
results of the fall 2024 diamond drill program and the 2024 field season, including
the discovery of a new lithium pegmatite dike north of Casino Royale Zone. The
Jackpot lithium project is in the Georgia Lake Pegmatite Field, approximately 140
km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is
characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes
distributed over at least five zones on an 18,800 ha land package (Figure 2).
Highlights of the fall drill program and 2024 field season include:
Casino Royale Zone:
- 1.08% Li2O over 11.50 m from 64.70 m in hole JP-24-42
- Including 1.46% Li2O over 8.00 m from 66.70 m
- 0.81% Li2O over 8.80 m from 103.00 m in hole JP-24-42
- Including 1.14% Li2O over 5.05 m from 103.95 m
New Discovery (500 Zone Extension):
- 1.61% Li2O over 7.80 m from channel sample CH24-01
- 1.96% Li2O and 2.08% Li2O in surface grab samples that bookend an east-
west trending, spodumene pegmatite dike that is exposed in outcrop over
480 m, north of the Casino Royale Zone
The 2024 field season included geological and structural mapping, prospecting, soil
sampling, and a biogeochemical survey on the project. Geological mapping covered
approximately 2,100 ha and a total of 127 surface grab samples, 908 soil samples,
and 499 biogeochemical spruce tip samples were collected on the project.
J.C. St-Amour, President of Imagine, commented: “The fall drill program at
Casino Royale and the discovery of a new spodumene pegmatite extension of the
500 Zone continue to demonstrate the expansion potential for lithium resources at
the Jackpot Project. Imagine is in an excellent position to build on our 3.1 Mt
indicated and 5.3 Mt inferred (grading 0.85% and 0.91% Li2O, respectively) Mineral
Resource inventory on the project. The results of the 2024 field season have
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provided new pegmatite targets which are untested and highlighted areas for
focussed exploration activities in 2025. With nearby infrastructure and ports, the
Project’s proximity to a skilled workforce is a major advantage to putting Ontario’s
first lithium deposit into production.”
Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad,
and workforce.
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Figure 2: Jackpot project target zones and diamond drillhole collar locations.
Imagine Lithium has drilled a total of 45,722 m in 305 diamond drillholes on the
Jackpot Project since 2018. Results announced today continue to demonstrate the
grade, thickness, and continuity of the Casino Royale Zone (Table 1).
Table 1. Significant Li2O (%) intervals from the fall 2024 drill program.
Hole From (m) To (m) Li2O (%) Length (m) ZONE
JP-24-42 64.70 76.20 1.08 11.50 Casino Royale
INCLUDING 66.70 74.70 1.46 8.00 Casino Royale
JP-24-42 103.00 111.80 0.81 8.80 Casino Royale
INCLUDING 103.95 109.00 1.14 5.05 Casino Royale
CH24-01 0.00 7.80 1.61 7.80 500 Zone Extension
The mapping and prospecting program delineated a 480m long trend of spodumene
bearing pegmatite that was mapped in outcrop at seven separate locations (Figure
3). Results of the prospecting returned between 1.13% Li2O and 2.63% Li2O in grab
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samples (Table 2). A channel sample was cut across a bedrock exposure near
sample 741595 and returned 1.61% Li2O over 7.80m (Table 1).
Figure 3: Casino Royale drilling and 500 Zone extension prospecting and channel sample.
Table 2. Significant Li2O (%) surface grab samples from the 500 Zone extension
Sample ID UTM (mE) UTM (mN) Elevation (m) Lithology Li2O%
741598 431698.5 5462861.2 475.6 Pegmatite 2.63
282964 432003.3 5462856.9 464.5 Pegmatite 2.08
741600 431555.8 5462905.0 471.9 Pegmatite 2.01
741599 431516.6 5462901.6 473.6 Pegmatite 1.96
741595 431767.3 5462872.6 473.6 Pegmatite 1.81
741596 431805.0 5462870.3 478.0 Pegmatite 1.19
741597 431816.8 5462869.4 471.9 Pegmatite 1.13
Two large geochemical surveys were completed during the 2024 field program,
including a soil sampling program in the southern portion of the property, from
Jackpot south to Cosgrave Lake, and a biogeochemical spruce tip sampling program
in the north central portion of the property. Results of the soil geochemical survey
JP-24-42
1.46% Li2O/8.00m &
1.14% Li2O/5.05m
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delineate a strong dispersion halo trending southwest from the Jackpot and Casino
Royale deposits (Figure 4). We are currently evaluating the data to refine
exploration targets using dispersion halos elsewhere on the property.
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Figure 4: Soil geochemical results showing lithium in soil anomalies.
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The biogeochemical sampling was completed over the north-central portion of the
property and included 499 spruce tip samples (Figure 5). The biogeochemical
sampling is thought to reflect in-situ mineralizing potential and a strong cesium (Cs)
anomaly is observed near the newly discovered 500 Zone extension (Figure 5). A
similar Cs anomaly is observed over the Jackpot deposit and the anomaly is
interpreted to reflect near-surface spodumene pegmatite mineralization. Follow-up
geological mapping, bedrock stripping and channel sampling is planned for this area
during the 2025 field season to delineate drill targets.
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Figure 5: Biogeochemical results showing Cs in spruce tip anomalies.