Champion Electric Commences 2024 Phase II Drilling at Quebec Lithium Project, James Bay Territory
Champion Electric Commences 2024 Phase II
Drilling at Quebec Lithium Project, James Bay
Territory
Toronto, Ontario--(Newsfile Corp. - August 26, 2024) -
Champion Electric Metals Inc.
(CSE:
LTHM) (OTCQB: CHELF) (FSE: 1QB0) ("
Champion Electric
" or the "
Company
") is pleased to
announce commencement of core drilling at the Western Prospect of the
Quebec Lithium Project
in the
heart of the Eeyou Istchee James Bay territory (see Fig. 1).
The Company plans to drill up to 1,500 metres in the 2024 Phase II program to further test spodumene-
bearing pegmatite dikes intersected in
Phase I drill holes EIQ24-007 and -008
and
identified in recent
trench exposures
(see Figure 2). Initial drilling will focus on a 700 metre-long segment of
the recently
reported 1,700-metre
glacial dispersal train of spodumene-bearing boulders
. Additionally, the team will
collect a 50 kg sample of spodumene mineralization in pegmatite for metallurgical testing. RJLL Drilling
is the drilling contractor with on-site project supervision by GeoVector Management, Inc.
"In the 2024 field season, our geologists have collected 157 systematic channel samples from twelve
trenches at the Western Prospect. Further, our exploration team has taken 9 outcrop and 46 float
samples along with a further 51 till samples across the length of the tenement,"
commented President
and CEO Jonathan Buick.
"All surface samples have been submitted for laboratory analysis and we
now transition to drill testing our exploration concepts. We anticipate positive analytical results from
surface sampling starting in early September and continuing to the end of the year."
Image 1: First Drill Location during the Phase 2 core drilling program.
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Figure 1: Western Prospect Location, area of initial drilling and trenching outlined in yellow.
To view an enhanced version of this graphic, please visit:
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Figure 2: Western Prospect - Planned DDH collars with trench and channel sample locations,
DDH collars, and spodumene-bearing pegmatite boulders on LiDAR shaded relief map. Selected
grab samples from boulders are annotated with Li
2
O%.
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Champion Electric invites shareholders, potential investors, and stakeholders to follow the Company's
social media pages for ongoing photo updates of the spring field program.
Facebook:
ChampionLTHM
Twitter/X:
@Championlthm
LinkedIn:
championelectricmetals
Sampling techniques and QA/QC
At the drill rig, the driller's helper places core samples into boxes, marking every 3 meters with wooden
blocks. Once full, the boxes are wrapped with fiber tape and transported daily to the core shack. At the
shack, technicians remove the tape, place the boxes on logging tables, and geologists align the core to
display a cross-sectional view. They verify the distances marked on the wooden blocks and measure
core meterage, labeling the boxes accordingly. RQD is measured and recorded by geologists or
technicians, with any breaks under 10 cm noted and uploaded into the database.
Geologists use Geospark software to log lithological, alteration, mineralization, and structural data into
the database. Samples, typically 1.0-1.5 meters outside mineralized areas, are selected, marked, and
tagged. After logging, wet core photographs are taken, and the core is stored in racks until cutting. The
core is then halved; one half is sent to the lab, and the other half is kept as a reference sample. The core
box is then moved to outdoor storage.
For surface channel sampling, geologists collected samples from saw-cut channels in bedrock,
recording locations with GPS. Samples were bagged, organized, and transported to Actlabs in Val d'Or,
Quebec. Certified standards and blanks were inserted regularly as part of QA/QC protocols, with secure
custody maintained until lab delivery.
Qualified Person
Dr. Eric Hebert, P.Geo., Senior Geological consultant, is a member (#0842) of the Ordre des
Gé ologues du Qué bec (OGQ) and a qualified person within the meaning of National Instrument 43-101
and has reviewed and approved the technical information contained in this press release.
Further, proximity to projects containing lithium resources offers no assurance that the rock types or
resources reported by Patriot Battery Metals, Winsome, and others will extend onto the Project; nor
should such proximity be assumed to imply similarity to mineralization and results reported by other
companies in the district.
About Champion Electric Metals Inc.
Champion Electric is a discovery-focused exploration company that is committed to advancing its highly
prospective lithium properties in Quebec, Canada and cobalt properties in Idaho, United States. In
addition, the Company owns the Baner gold project in Idaho County and the Champagne polymetallic
project in Butte County near Arco.
The Company's shares trade on the CSE under the trading symbol "LTHM", on the OTCQB under the
trading symbol "CHELF", and on the Frankfurt Stock Exchange under the symbol "1QB0". Champion
Electric strives to be a responsible environmental steward, stakeholder and contributing citizen to the
local communities where it operates, taking its social license seriously, employing local community
members and service providers at its operations whenever possible.
ON BEHALF OF THE BOARD OF CHAMPION ELECTRIC
"Jonathan Buick"
Jonathan Buick, President and CEO
To learn more, please visit the Company's SEDAR profile at
www.sedarplus.ca
or the Company's
corporate website at
www.champem.com
.
For further information, please contact:
Investor Relations and Communications
Phone: (416) 567-9087
Email:
Cautionary Statements
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepted responsibility for the adequacy or accuracy of this press release. This press release may
include forward-looking information within the meaning of Canadian securities legislation, concerning
the business of the Company. Forward-looking information is based on certain key expectations and
assumptions made by management of the Company, including closing of the Transactions and the
prospectivity of the Projects for lithium. Although the Company believes that the expectations and
assumptions on which such forward-looking information is based on are reasonable, undue reliance
should not be placed on the forward-looking information because the Company can give no
assurance that they will prove to be correct. Forward-looking statements contained in this press
release are made as of the date of this press release. The Company disclaims any intent or obligation
to update publicly any forward-looking information, whether as a result of new information, future
events or results or otherwise, other than as required by applicable securities laws.
The Projects are at an early stage of exploration, and the Company cautions that the qualified
persons who have reviewed and approved this news release have not verified scientific or technical
information produced by third parties,
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