Champion Electric Reports High Lithium in Boulders from Initial 2024 Sampling at Quebec Lithium Project, James Bay Territory
Champion Electric Reports High Lithium in
Boulders from Initial 2024 Sampling at Quebec
Lithium Project, James Bay Territory
Toronto, Ontario--(Newsfile Corp. - July 11, 2024) -
Champion Electric Metals Inc.
(CSE: LTHM)
(OTCQB: CHELF) (FSE: 1QB0) ("
Champion Electric
" or the "
Company
") is pleased to announce that
the Company has received results of high-grade lithium from initial geochemical analyses for rock
samples from the
2024 field program
at the Quebec Lithium Project in the heart of the Eeyou Istchee
James Bay territory.
The rock samples were taken from the recently reported boulder fields which included boulders up to 5m
X 4m X 2m that stretched 1.7 km up ice and up to 50 metres wide. The sample inventory consisted of 39
rock samples that were collected in conjunction with geologic mapping. These samples were submitted
to Activation Laboratories in Val d'Or, Quebec along with embedded blind quality assurance samples
and certified reference materials.
Highlights of Significant Results
:
Mineralized pegmatite boulders now define a glacial dispersal train of at least 1.7 km
along a NE-SW corridor, defining the Western Prospect
(see Fig.1), which encompasses
2023 till sample EIQ-001
(+52,000 spodumene grains). Clusters of boulders within this glacial
dispersal train are angular to sub-angular and range 0.3 to 5m in diameter and contain pale green
spodumene crystals to a maximum observed dimension of 35 cm (see Figures 2-3).
Grab samples collected from these boulders yielded
highly anomalous lithium content, such
as 5.83%, 5.78%, and 4.62% lithium oxide ("Li
2
O")
. These lithium values are the highest
encountered to date by Champion Electric at the Quebec Lithium Project.
Of the 30 grab samples collected from spodumene-bearing boulders,
23 assayed greater than
1.0% Li
2
O
(see Table 1)
.
Sampling continues to better define additional targets through favorable chemistry, including the
key potassium-rubidium ratio ("K/Rb"), at
other pegmatite occurrences
, such as the Power Line
target and elsewhere on the Charles target which are located on the western and eastern portions,
respectively, of this large land package.
Trenching with an excavator is underway
in the western target corridor based on the recently
reported drill results and the lithium pegmatite boulder field. Company geologists will collect
systematic channel samples
using diamond saws
across mineralized outcrops encountered
in the trenches
"These samples of glacially transported rock offer solid evidence of an in situ mineral system with higher
grades than we have yet seen in drilling. A local source for these strongly mineralized boulders is
inferred from their size, degree of angularity, and coherent spatial distribution,"
commented President
and CEO Jonathan Buick
.
"The ongoing trenching program is exposing bedrock for mapping and channel sampling within the
spodumene-bearing boulder field. Additional prospecting is underway to both the southwest and
northeast to extend its known length."
Overview of the 2024 Field Program
:
Fieldwork for 2024 began northeast of the recent mineralized pegmatite discovery, near notable projects
like Patriot Battery Metals' Corvette Project and Winsome Resources' Cancet Discovery. Efforts include
closely spaced till sampling, boulder prospecting, mapping, trenching, and channel sampling with
overburden clearing at the new boulder field, where significant sampling results were found.
Many of the spodumene-bearing boulders in the dispersal train appear quite different from the lithium
pegmatite encountered in drilling. The size of the spodumene crystals in the boulder field is often larger
than the crystals encountered in drilling, long axis of 35 cm vs 6cm (Figures 2 and 3). Also, the limited
spodumene encountered in drilling tends to be green in color, as it is in many of the surface boulders, but
the team has also identified spodumene in boulders that is whiter in color.
Figure 1: Sample Program Locations and Exploration Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8681/216134_e69cc97d54a44bd1_001full.jpg
The analytical results also confirmed that the elements used as pathfinders (most importantly Rb and Cs)
are present in highly anomalous amounts (above 1000 ppm for Rb and well above 100 ppm for Cs)*.
The assays also confirmed that the elements used as pathfinders. Rb values >1000 ppm and Cs 100
ppm, are present with significant Rb, up to 5810 ppm and Cs, up to 1250 ppm anomalies associated
with significant Li2O Values.
The assays also show K/b rations that are below 15 for all the samples
returning >1% Li, which confirms the obvious enrichment in Rb in the spodumene-bearing pegmatite
samples (Table 1). The K/Rb ratio, as well as Cs are currently used to select target areas to follow-up
with till sampling, prospecting, and trenching.
Table 1. Details of sample results from spodumene-bearing boulder field, Western Prospect. *value
calculated by Champion Electric personnel.
Coordinates given in UTM NAD83 (Zone 18).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8681/216134_table.jpg
Conversion of Li ppm results to Li2O involves a two-step process to divide the Li ppm result by 10,000
(conversion to Li %) and multiplying Li % by 2.153 to obtain the Li2O equivalent.
Fig. 2 Spodumene-bearing boulder field with respect to till sample with +52,000 spodumene grains.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8681/216134_figure2.jpg
Fig. 3. Detail of 35 cm long spodumene crystal in boulder
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8681/216134_figure3.jpg
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 grab rock samples from boulders using rock
hammer and chisel. Hence, there is no implied width or extent of the mineralization encountered in the
glacial dispersal train. The location for each sample was recorded using a handheld GPS. Geologists
placed the samples in plastic bags which were gathered into larger rice bags to organize and facilitate
transport to the lab. 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.
Each sample was prepared with the RX1 (crushed and pulverized) method and analyzed after peroxide
fusion using ICP-OES + ICP-MS (Ultratrace-7 method). Champion's QA/QC protocol dictates the
insertion of certified standards and blanks into the sample stream as a check on laboratory quality. The
sample stream also includes blind duplicates every 50 samples. Actlabs also routinely inserts certified
standards, blanks and pulp duplicates as part of their internal QA/QC standard procedure. Results from
these QC samples are also reported.
The results reported herein exhibited satisfactory results from these QA/QC measures.
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.
* 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.sedar.com
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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