Lithium Ionic reports 1.87% Li2O over 45m at Galvani target; other highlights include 2.10% Li2O over 19m and 1.48% Li2O over 17m, in Minas Gerais, Brazil
Lithium Ionic reports 1.87% Li2O over 45m at Galvani target; other highlights
include 2.10% Li2O over 19m and 1.48% Li2O over 17m, in Minas Gerais, Brazil
TORONTO, ON, April 11, 2023 – Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF; FSE: H3N)
(“Lithium Ionic” or the “Company”) reports assay results from its Galvani claims as part of an
ongoing 30,000 metre drill program, which is expected to culminate with an initial mineral resource
estimate, expected in Q2 2023. The Company has to date completed 23,000 metres of drilling at
the Bandeira and Galvani properties, which together cover only 872 of the 14,182 hectares it
controls in this lithium-producing district.
The Galvani claims, acquired in late 2022 (see Sept. 12, 2022 press release), are located
approximately 5 kilometres northwest of its Bandeira property and Companhia Brasileira de Lítio’s
(CBL) Cachoeira lithium mine, and approximately 4 kilometres West of Sigma Lithium’s large
Xuxa lithium deposit (see Figure 1).
Galvani Drill Intercept Highlights (See complete results in Table 1)
▪ 1.87% Li2O over 45m, incl. 2.27% Li2O over 4m, 2.87% Li2O over 7m,
2.14% Li2O over 10m (hole ARDD-23-48), intersected at approximately 30 to 75
metres down-hole and only 20 metres from surface represents the best hole
drilled to date at Galvani (see figures 2 and 3)
▪ 2.10% Li2O over 19.4m, incl. 3.15% Li2O over 6m (hole ARDD-23-51)
▪ 1.48% Li2O over 16.7m (hole ARDD-23-050)
▪ 1.23% Li2O over 17m (hole ARDD-23-045)
Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, “The Galvani target,
and our properties extending from it, show huge exploration potential and remain a key focus for
our future campaigns. As we work towards completing the infill and definition drilling program at
Galvani, the latest results reaffirm the continuity and scale of the large mineralized pegmatites at
this target. With the results from the Galvani and Bandeira properties, we are very optimistic about
delivering a sizable and high-grade mineral resource estimate in the near-term, as an initial step
to delineating much larger resources for significant future growth.”
The intercepts reported in Table 1 form part of an infill drilling program to achieve 50-metre
spacing between holes at Galvani, where high-grade mineralization has been shown to continue
over an 850-metre strike length. The results announced today have confirmed continuity of
mineralization along strike and this improved drill density is designed to achieve a higher level of
confidence in the mineral resource classification for the mineral resource estimate expected in
Q2 2023.
Previously Reported Drill Intercept Highlights from Galvani
▪ 1.53% Li2O over 46.21m, incl. 2.22% Li2O over 12.49m
and 1.14% Li2O over 12.88m, incl. 1.66% Li2O over 5.43m (Hole ARDD-22-021)
▪ 1.98% Li2O over 25m (Hole ARDD-22-030)
▪ 1.30% Li2O over 38.5m (Hole ARDD-22-014)
▪ 1.17% Li2O over 42.05m, incl. 1.95% Li2O over 11.72m (Hole ARDD-22-002)
▪ 1.57% Li2O over 24.93m, incl. 2.10% Li2O over 7.45m (Hole ARDD-22-001)
▪ 1.94% Li2O over 19.78m, incl. 2.33% Li2O over 7.35m (Hole ARDD-22-007)
▪ 1.71% Li2O over 21.9m (Hole ARDD-22-025)
The Company has completed approximately 23,000 metres (161 drill holes) of a budgeted 30,000
metre drill program, with seven drills operating at the Bandeira and Galvani targets. Approximately
15,000 metres (94 drillholes) have been drilled at Bandeira and approximately 8,000 metres (67
drillholes) have been drilled at Galvani . The remaining ~7,000 metres of the initial resource
delineation drill program are expected to be completed by the end of April 2023.
The Company recently mobilized an 8th drill rig to the Itira property, located less than a kilometre
West of Galvani, to initiate exploratory drilling at this target.
Figure 1: Galvani and Bandeira Properties, Forming Part of the Itinga Project
Figure 2: Galvani Pegmatite Plan Map with Drill Highlights and Section Locations
Figure 3: Section LT250 Facing North-West; Holes ARDD-23-048
Table 1. Galvani Drill Results
Hole ID Az Dip From To Metres Li2O (%)
ARDD-23-45
210 -60
10.22 11.23 1.01 1.29
and 22.85 39.85 17.00 1.23
ARDD-23-46
210 -45
74.67 88.25 13.58 1.10
incl 78.67 88.25 9.58 1.31
ARDD-23-47 210 -60 20.22 32.22 12.00 1.23
ARDD-23-48
210 -60
29.83 74.83 45.00 1.87
incl 29.83 33.83 4.00 2.27
incl 44.83 51.83 7.00 2.87
incl 60.83 70.83 10.00 2.14
ARDD-23-49
210 -45
86.16 98.16 12.00 1.44
incl 92.16 97.16 5.00 2.27
ARDD-23-50
210 -45
49.62 54.96 5.34 1.32
and 65.45 82.17 16.72 1.48
incl 75.45 82.17 6.72 1.61
ARDD-23-51
210 -45
59.25 67.15 7.90 1.80
and 73.15 92.55 19.40 2.10
incl 83.55 89.55 6.00 3.15
About Lithium Ionic Corp.
Lithium Ionic is a Canadian-based lithium -focused mining company with properties covering
14,182 hectares located in the prolific Araçuaí province in Minas Gerais State, Brazil , which
boasts excellent infrastructure, including highways, access to hydroelectrical grid power , water,
and nearby commercial ports. Its Itinga Project neighbours CBL’s Cachoeira lithium mine and
Sigma Lithium Corp.’s construction-stage Grota do Cirilo project.
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 prepared by Carlos Costa, Vice President
Exploration of Lithium Ionic and Blake Hylands, CEO and director of Lithium Ionic, and both are
“qualified persons” as defined in NI 43-101.
Investor and Media Inquiries:
+1 647.316.2500
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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 developments to differ
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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
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