Lithium Ionic extends Salinas pegmatites with intercepts of 1.22% Li2O over 16.7m and 1.51% Li2O over 11.9m; Discovers new high-grade zone grading 1.63% Li2O over 5.6m
Lithium Ionic extends Salinas pegmatites with intercepts of 1.22% Li2O over
16.7m and 1.51% Li2O over 11.9m; Discovers new high-grade zone grading 1.63%
Li2O over 5.6m
TORONTO, ON, February 6, 2024 – Lithium Ionic Corp. (TSXV: LTH; OTCQ X: LTHCF; FSE:
H3N) (“Lithium Ionic” or the “Company ”) reports assay results from the Salinas Lithium Project
(“Salinas”), located approximately 100 kilometres north of its Feasibility-stage Bandeira lithium
project and the Outro Lado lithium deposit . These drill results have ex tended the mineralization
at Salinas by at least 250 meters along strike. A new high -grade pegmatite dike has been
discovered, approximately 1.5 kilometres north of the main Salinas zones (See Figure 1 location
map and complete drill results in Table 1).
The Company continues to expand the scale of mineralization at all its properties currently being
drilled, boosting its presence in the lithium-rich region of northern Minas Gerais State, Brazil. This
is being accomplished while at the same time accelerating its projects towards a production
decision to develop a high -quality and sustainable lithium concentrate producer with the aim of
becoming a key player in the global lithium supply chain.
Salinas Drill Results Highlights:
▪ The following holes confirmed and extended a known pegmatite by least 250
metres to the SW with high-grade results, including (see plan map in Figure 1, Section
LT1100 NE in Figure 2, and core photos of hole BGDD-23-118 in Figure 3):
o 1.22% Li2O over 16.7m, including 1.59% Li2O over 6.3m and 1.36% Li2O
over 7.0m directly at surface from 48 metres down hole respectively (hole
BGDD-23-118)
o 1.51% Li2O over 11.9m from 76 metres down hole (hole BGDD-23-107)
o 1.36% Li2O over 10.0m from 35 metres down hole (hole BGDD-23-115)
o 1.23% Li2O over 8.9m (hole BGDD-23-113)
o 0.98% Li2O over 11.0m (hole BGDD-23-117)
▪ The following group of holes extended a known pegmatite by ~500 metres to the
SW:
o 1.43% Li2O over 11.0m (hole BGDD-23-110)
o 1.66% Li2O over 3.9m (hole BGDD-23-096)
o 1.18% Li2O over 4.9m (hole BGDD-23-103)
o 1.15% Li2O over 5.0m (hole BGDD-23-114)
o 1.49% Li2O over 3.0m (hole BGDD-23-106)
▪ A new well-mineralized pegmatite has been discovered ~1.5 kilometres North of
the main drilled zones, interpreted to be a NE extension of the large outcropping
“Lavra do Zoe” pegmatite, which has been mined for spodumene intermittently
for several decades. The two discovery holes intersected:
o 1.63% Li2O over 5.6m (hole BGDD-23-127)
o 1.28% Li2O over 3.6m and 1.54% Li2O over 4.0m (hole BGDD-23-126)
▪ Other notable intercept highlights include:
o 1.08% Li2O over 15.2m and 1.45% Li2O over 6.2m (hole BGDD-23-122)
o 1.31% Li2O over 10.0m (hole BGDD-23-116)
o 1.13% Li2O over 9.1m, including 1.61% Li2O over 4.0m (hole BGDD-23-100)
o 0.96% Li2O over 11.0m, including 1.21% Li2O over 5.0m (hole BGDD-23-102)
Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, “These results represent a significant
advancement in our drilling has delineated substantial extensions of mineralized pegmatites to
the south -west, and the discovery of a new high -grade pegmatite to the North is particularly
exciting as it is on trend with the large Lavra do Zoe historical mine working which were exploited
over several decades. These findings reinforce the understanding of the mineralized pegmatites
at Salinas. Our most recent potential of the Salinas Project to host large scale spodumene
pegmatite mineralization.”
Mr. Hylands continued, “Results from our extensive soil sampling program have proven very
effective in targeting prospective areas for drilling, and we look forward to testing the numerous
promising targets that have yet to be properly explored. Salinas continues to demonstrate
exceptional potential, and we look forward to delivering an initial mineral resource at Salinas this
month as a first major milestone towards demonstrating the potential of this target.”
Lithium Ionic acquired the Salinas group of properties in early 2023 from Neolit Minerals
Participações Ltda. (“Neolit”; see press release dated March 13, 2023 ) and began selectively
drilling the area in May 2023. Four drills are currently operating at Salinas, one of several targets
actively being explored as part of a 50,000-metre drill program planned for 2024.
Figure 1. Salinas Lithium Project Location & New Drill Intercept Highlights
Figure 2. Section LT 1100 NE
Figure 3. Core Photo, Hole BGDD-23-118
Table 1. Salinas Drill Results
Hole ID Az Dip From To Metres Li2O (%)
BGDD-23-096 310 -80 66.70 70.64 3.94 1.66
BGDD-23-103 310 -85 170.63 172.34 1.71 1.34
and 194.00 198.90 4.90 1.18
BGDD-23-105 310 -60 154.47 158.60 4.13 0.81
BGDD-23-106 310 -60 174.54 177.54 3.00 1.49
BGDD-23-107 290 -60 61.78 63.57 1.79 1.49
and 76.08 87.99 11.91 1.51
BGDD-23-110 310 -80 178.25 189.25 11.00 1.43
BGDD-23-112 310 -85 244.35 253.35 9.00 1.05
BGDD-23-113
170 -75
17.50 19.20 1.70 0.96
and 106.51 109.66 3.15 0.86
and 115.31 124.24 8.93 1.23
BGDD-23-114 310 -60 209.62 214.62 5.00 1.15
BGDD-23-115 310 -85 34.95 44.95 10.00 1.36
BGDD-23-116 310 -60 235.00 245.00 10.00 1.31
BGDD-23-117 310 -75 194.30 205.30 11.00 0.98
BGDD-23-118
130 -65
26.02 32.02 6.00 1.16
and 37.68 42.72 5.04 1.11
and 48.28 65.01 16.73 1.22
including 48.28 54.59 6.31 1.59
including 58.05 65.01 6.96 1.36
and 72.89 79.22 6.33 1.39
BGDD-23-119 310 -60 72.85 74.61 1.76 1.69
and 157.49 159.49 2.00 0.99
BGDD-23-120 310 -85 274.30 278.27 3.97 0.79
and 284.65 289.65 5.00 1.08
including 284.65 287.09 2.44 1.41
BGDD-23-122
130 -75
90.59 105.77 15.18 1.08
including 93.59 96.59 3.00 1.34
including 99.59 105.77 6.18 1.45
BGDD-23-124
310 -60
113.23 116.00 2.77 0.96
and 161.31 165.10 3.79 1.46
and 200.19 201.72 1.53 0.96
BGDD-23-125
310 -60
198.14 202.14 4.00 1.04
and 255.45 269.36 13.91 0.75
including 255.45 257.82 2.37 1.47
including 259.95 263.28 3.33 0.69
including 266.07 269.36 3.29 0.97
and 275.12 277.12 2.00 0.77
BGDD-23-126 310 -60 115.49 119.08 3.59 1.28
and 122.47 126.47 4.00 1.54
BGDD-23-127 310 -60 88.60 94.20 5.60 1.63
*No significant results/values (nsv) for holes BGDD-23-054, BGDD-23-104, BGDD-23-108, BGDD-23-111, BGDD-23-121 and BGDD-
23-123
About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in
Brazil. Its Itinga and Salinas group of properties cover 14,182 hectares in the northeastern part of
Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world -class hard-
rock lithium district. Its Feasibility-stage Bandeira Project is situated in the same region as CBL’s
Cachoeira lithium mine, which has produced lithium for +30 years, as well as Sigma Lithium
Corp.’s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.
Quality Assurance and Control
During the drill program, assay samples were taken from NQ core and sawed in half. One -half
was sent for assaying at SGS Laboratory, a certified independent commercial laboratory, and the
other half was retained for results, cross checks, and future reference. A strict QA/QC program
was applied to all samples. Every sample was processed with Drying, crushing from 75% to 3
mm, homogenization, quartering in Jones, spraying 250 to 300 g of sample in steel mill 95% to
150. SGS laboratory carried out multi-element analysis for ICP90A analysis.
Qualified Persons
The technical information in this news release has been reviewed and approved by Carlos Costa,
Vice President Exploration of Lithium Ionic and Blake Hylands, CEO and director of Lithium Ionic,
who are both “qualified persons” as defined in NI 43-101.
Investor and Media Inquiries:
+1 647.316.2500
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward -statements.” Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may
cause the Company’s actual results, performance or achievements, or devel opments to differ
materially from the anticipated results, performance or achievements expressed or implied by
such forward-looking statements. Although the Company believes, in light of the experience of its
officers and directors, current conditions and expected future developments and other factors that
have been considered appropriate that the expectations reflected in this forward -looking
information are reasonable, undue reliance should not be placed on them because the Company
can give no assurance t hat they will prove to be correct. When used in this press release, the
words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or
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are intended to identify forward -looking statements and information. The forward -looking
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of Salinas and the Company’s other mineral properties, the economic viability of the Bandeira
project, the mineralization and development of the Company’s mineral properties, the Company’s
exploration program and other mining projects and prospects thereof , the Company’s ability to
complete a Feasibility Study, the Company’s ability to complete a NI 43 -101 mineral resource
estimate for Salinas, the Company’s ability to complete an environmental impact assessment and
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actual results to differ materially from those contemplated in those forward -looking statements
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or other future events, to be materially different from any future results, performance or
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