Champion Electric Cuts Significant Widths of Lithium Pegmatite in Trenching at Quebec Lithium Project, James Bay Territory
Champion Electric Cuts Significant Widths of
Lithium Pegmatite in Trenching at Quebec
Lithium Project, James Bay Territory
10.5 metres at 0.96% Li2O and 8.5 metres at 1.17% Li2O
Toronto, Ontario--(Newsfile Corp. - September 10, 2024) -
Champion Electric Metals Inc.
(CSE: LTHM)
(OTCQB: CHELF) (FSE: 1QB0) ("
Champion Electric
" or the "
Company
") is pleased to announce
significant lithium in samples collected from its trenching program at the Western Prospect of the
Quebec Lithium Project in the heart of the Eeyou Istchee James Bay territory (see Fig. 1). The two
strongest intervals reported from the program to date are 10.5 metres averaging 0.96% Li
2
O and 8.5
metres that averaged 1.17% Li
2
O.
"The lithium grades we are finding in bedrock along the Western Prospect are significant and compare
favourably to more advanced projects on adjacent properties,"
commented President and CEO
Jonathan Buick.
"Now that we are seeing potentially economic grades at surface, we look forward to
testing for increased mineralized widths at depth with the current core drilling program. Given the scale
of the glacial dispersal train of spodumene-bearing boulders, we expect to identify a lot more targets for
more trenching and drilling."
The 2024 program trenching effort
focused on less than half of the 1,700 metre-long boulder field
identified early in the field season (see Fig. 2). The team excavated a total of 12 trenches, exposing
spodumene-mineralized pegmatite dikes at three locations over a strike length of 340 metres (see Figs.
3-4). Systematic channel sampling yielded 143 samples of nominal one metre length each. The length-
weighted average grade of all channel samples in pegmatite is 0.47% Li
2
0, while the length-weighted
average of the 45 samples grading more than 0.40% Li
2
O is 1.09% Li
2
O. The highest Li
2
O content for a
one-metre channel sample is 2.39% Li
2
O from channel EIQCH24-24 in Trench 8.
To date, lithium analyses for 128 channel samples have been received and analyses remain pending for
an additional 15 samples. Highlight intervals are presented in Table 1.
Highlights of the Exposed Spodumene-Bearing Pegmatite Dikes
The thickness of glacial sedimentary cover encountered in trenches ranges from one metre to more than
five metres, the maximum reach of the excavator. Once exposed, the bedrock surface in the trenches
tends to vary in depth, usually exposing only 10-20 metres at a time; and certain of the trenches failed to
reach any bedrock. In most cases, groundwater flows into the trenches to cover the low lying areas.
Once a mineralized pegmatite dike was encountered, the team then used the excavator to pursue the
exposure as far as practical along strike. The geological team completed systematic mapping and
channel sampling of pegmatite dikes with the aid of a two-bladed diamond saw. Channel sampling
effectively approximates a "horizontal drill hole", which can be used to constrain the extent of the
spodumene mineralized pegmatite dikes by using the geological and sample data.
Visual estimates of
spodumene content in pegmatite dike trench exposures range 2-10% with significant variability
recognized over short distances along strike. Spodumene crystals are pale green in color with a
maximum observed length of approximately 80 cm. Pegmatite dikes typically exhibit fine-grained
selvages of a few tens of centimetres width at their contacts with amphibolite host rock; these selvages
are absent of spodumene and are interpreted as chill margins. Spodumene crystals can locally exhibit
crude alignment that is suggestive of the flow direction of the igneous melt.
The spodumene pegmatite dikes exposed in trenches are provisionally interpreted to correlate to the
mineralized dike intercept in drill hole EIQ24-007. A minimum strike length of 340 metres is indicated for
this pegmatite dike that remains open in three directions, northeast, southwest, and at depth.
Overview of the 2024 Field Program
:
The Company's Quebec Lithium Project lies near notable lithium occurrences, such as Patriot Battery
Metals' Shaakichiuwaanaan Project (formerly Corvette Project) and Winsome Resources' Cancet
Discovery. Fieldwork for 2024 began northeast of the recent mineralized pegmatite discovery and
moved quickly to locate a source for the spodumene found in till samples and boulders. The program
included fill-in till sampling (closer spacing), boulder prospecting, mapping, trenching, and channel
sampling with overburden clearing at the new boulder field. The recent work with the excavator has
uncovered large areas of pegmatite dike beneath overburden, and the most recent trench results have
included significant lithium content over widths of up to 10.5m.
Figure 1: Western Prospect Location
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Figure 2: Western Prospect - Planned DDH collars with respect to trench and channel sample
locations, Q1-2 2024 DDH collars, and spodumene-bearing pegmatite boulders on LiDAR
shaded relief map.
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Table 1: Western Prospect - highlight intervals from systematic channel sampling of bedrock in
trenches.
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Figure 3. Trench 8 - extent of exposed mineralized pegmatite dike, channel sample locations,
and Li
2
O contents.
To view an enhanced version of this graphic, please visit:
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Figure 4. Trench 10 - extent of exposed mineralized pegmatite dike, channel sample locations,
and Li
2
O contents.
To view an enhanced version of this graphic, please visit:
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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
Under the supervision of senior staff, geologists collected samples from diamond saw-cut channels in
bedrock using rock hammer and chisel. The location for each series of contiguous samples was
recorded using a Trimble GPS instrument with 50-centimeter accuracy. Geologists placed the samples
in plastic bags which were then organized into larger rice bags to facilitate transport to the lab. Certified
standards and blanks were inserted at regular intervals as part of the in-field QA/QC protocols.
Champion geologists or contractors maintained secure custody of the samples until transporting them to
Activation Laboratories ("Actlabs") in Val d'Or, Quebec for sample preparation and analysis.
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 Instrument43-101,
and has reviewed and approved the technical information contained in this press release.
* The Project is 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.
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 "GLDRF", 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/222779