Consolidated Lithium Completes Baillargé Summer Program Defines Lithium Mineralization in Four Pegmatite Dykes over 1139m Strike Length
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Consolidated Lithium Completes Baillargé Summer Program
Defines Lithium Mineralization in Four Pegmatite Dykes over 1139m Strike Length
October 3, 2023
Toronto (Canada) – CONSOLIDATED LITHIUM METALS INC. (TSXV: CLM; OTCQB: JORFF; FRA: 2JR1) (“CLM” or
the “Company“) is pleased to announce that the summer explora�on field ac�vi�es have been completed at
the Company’s 100% owned Baillargé Lithium Project, located in the Abi�bi Greenstone Belt approximately 21
km northwest of Val-d’Or, Quebec (see Figures 1 & 2).
The summer explora�on program consisted of three key but separate components:
• a 29 hole, 4747 m diamond drilling program;
• an outcrop stripping and sampling program; and
• a soil sampling program covering the area between the Baillargé Est Showing and the Chubb showing,
which is located 1.2 km southeast and along strike of the area covered by the summer drilling program.
The Baillargé Est Showing (“BE”)
A total of 4747 m of diamond drilling was completed with 29 holes tes�ng the three previously known dykes of
the Baillargé Est Showing, located just south of Lac Baillargé within the northern half of CLM’s Baillargé Property.
Lithium mineraliza�on was first found at Baillar gé Est in 1955 by Amos Lithium Corpora�on Limited (see
Government of Quebec, Ressources Naturelles et For êts, SIGÉOM files GM 3404 and GM 4109 -B at
https://sigeom.mines.gouv.qc.ca/signet/classes/I1103_index?format=COMPLET&type_reqt=U&mode=NOUVELLE&l=A&entt=G
M&alias_table_crit=F4E02&mnen_crit=NUMR_INTER&oper_crit=EGAL&valr_crit=5454. )
All 29 holes encountered lithium -bearing pegma�tes and extended the known strike length s of all three
previously known pegma�tes. Drilling and outcrop stripping also led to the discovery of a new pegma�te dyke
system, Dyke 5, which is located between Dyke 3 and Dyke 7 (see Figure 3) located under the BE Soil anomaly
defined during the Company’s 2022 soil sampling program (see the Company’s news release dated July 10, 2023
which is available on the Company’s SEDAR profile at www.sedar.com). Samples have been collected from all
the lithium -bearing pegma�tes intersected and have been submited for analysis at SGS Laboratories, a
company independent from CLM. The Company an�cipates receiving the first assay results from the samples
collected in the next few weeks.
Dyke 7 has now been defined over a strike length of 354 m and to a ver�cal depth of 130 m. Dyke 3 has been
defined over a strike length of 330 m and to a depth of 120 m. Dyke 1 has a current strike length of 280 m and
has been defined to a depth of 100 m. Dyke 5 has a 175 m strike length and has been defined to a depth of 50
m, totaling 1139m strike length for all drill-tested pegma�tes.
All four dykes remain open for expansion in both direc�ons along strike and at depth. Dyke widths in individual
holes range from tens of cen�meters to over 5 m in true thickness. Zoning of spodumene mineraliza�on within
the dykes has been observed, consistent with observa�ons made during the 2022 and 2023 outcrop stripping
programs. The 2023 explora�on program has confirmed the strike direc�on of the four dykes and that they
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trend in the direc�on of the Chubb showing, located approximately 1.2 km southeast of the Baillargé Est area.
The Chubb showing is located immediately adjacent to the eastern property boundary and trends onto the
Company’s property. The area between Baillargé Est and the Chubb showing has never been drill tested and is
considered by the Company to be a high-priority target for future explora�on.
Outcrop Stripping Program
The Company completed its Phase II outcrop stripping program to expand the known surface strike extent of
the three iden�fied spodumene-bearing pegma�te dyke systems that comprise the Baillargé Est occurrence.
CLM undertook Phase I of the outcrop stripping program during the fall of 2022 (see the Company’s news
releases dated December 12, 2022 and March 16, 2023 which are also available on the Company’s SEDAR profile
at www.sedar.com).
In addi�on to extending the length of the three known dykes, a new pegma�te dyke was discovered early in
the stripping program. The newly discovered Dyke 5 pegma�te was located by stripping the area directly
underneath a lithium-in-soil anomaly detected during the 2022 soil sampling program (see the Company’s new
release dated July 10, 2023). Lithium bearing miner als including spodumene and lithium-bearing micas were
observed in the pegma�tes in the newly stripped areas and in Dyke 5.
CLM conducted channel sampling of the newly stripped areas of Dykes 3 and 7, as well as along the newly
exposed por�on of Dyke 5. All four dykes remain open along strike to the north-northwest and south-southeast
and at depth.
In addi�on to the discovery of Dyke 5, the newly stripped area of Dyke 3 northwest of the 2022 stripped area
yielded a previously unknown por�on of the pegma�te that contained highly visible concentra�ons of lithium-
bearing mica and spodumene located only 25 m from the northern end of the 2022 stripped area.
Channel sampling was completed on all new stripped areas and the samples have been submited for
geochemical analysis at SGS Laboratories. The Company an�cipates receiving the results of these analyses in
the coming weeks.
Soil Sampling Program using LIBS Analysis
The 2023 drilling and outcrop stripping programs have confirmed that t he Baillargé Est pegma�tes strike
southeast towards the Chubb showing, located immediately east of the east property boundary. From various
Quebec assessment reports and public disclosures by the Chubb showing owner Burley Resources, the Chubb
pegma�tes strike northwest in the direc�on towards the Baillargé Est showing. The 1.2 km long area between
the Baillargé Est and Chubb showing is located on the Company’s property and has never been explored. A 248
ppm single sample lithium-in-soil anomaly was detected during the 2022 soil sampling program within the 400
x 200 m grid area along the east property boundary adjacent to the Chubb showing.
CLM has completed a 50 x 50 m spaced infill soil sampling program to follow up this 248 ppm Li anomaly
covering the area between the Baillargé Est and Chubb showing to define future drilling targets in the highly
prospec�ve Baillargé Lithium Corridor (see Figure 4). A total of approximately 300 samples were collected for
analysis.
CLM has elected to analyze the 20 23 soil sampling program using the handheld LIBS Analyzer. The Company
has been working with the manufacturer of the LIBS Analyzer, SciAps Inc. of Boston, Massachusets, to develop
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a soil algorithm for use in lithium explora�on using state -of-the-art tec hnology. We an�cipate that the
development of a LIBS soil algorithm will allow the Company to quickly, efficiently and cost effec�vely detect
lithium-in-soil anomalies in other unexplored areas of CLM’s property por�olio. Approximately 10% of the
samples will be analyzed using conven�onal geochemical analysis as a Quality Assurance/Quality Control check
on this new applica�on of the LIBS system. Results from the soil sampling program is an�cipated to be received
in the next few weeks.
Drilling contractor, Les Forages Géo-Nord has drilled at Baillargé Est project. Géo-Nord is employing local drillers
from the town of Val -d’Or, Quebec. Géo-Nord was the contractor for the 2021 drilling campaign at Vallee
Lithium. Géo-Nord familiarity within the local community and Project site, uniquely provides local knowledge
of the Health, Safety, Environmental and Community expecta�ons required to execute the drilling contract.
The geochemical soil sampling program was designed and sampled by ABG EXPLORATION technical team based
at Amos, Quebec. Their technical team is supervised by a team of 7 OGQ compliant P .Geo. including MSc and 2
PhD geochemist/geosta�s�cian and a structural geologist.
Rene Bharti, Chief Executive Officer, commented, “CLM was one of the first to deploy the groundbreaking LIBS
technology to our lithium assets in Quebec. This technology will allow us to locate much faster, buried lithium
bearing pegmatite dykes and define better drilling targets. We look forward to receiving the results in a timely
manner.”
Figure 1 - Consolidated Lithium - Location of CLM Properties
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Figure 1 - Consolidated Lithium - Location of the Baillargé Project
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Figure 3 – Consolidated Lithium – Baillargé Est Showing
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Figure 2 - Consolidated Lithium - 2023 Exploration Program – Baillargé Project
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Qualified Person
The scien�fic and technical informa�on contained herein has been reviewed and approved by Alexandr
Beloborodov, P .Geo., an independent consultant that is a “Qualified Person” as defined in Na�onal Instrument
43-101 – Standards of Disclosure for Mineral Projects.
About Consolidated Lithium Metals Inc.
Consolidated Lithium Metals Inc. (formerly known as Jourdan Resources Inc.) is a Canadian junior mining
explora�on company trading under the symbol “CLM” on the TSX Venture Exchange and “2JR1” on the Stutgart
Stock Exchange. The Company is focused on the acquisi�on, explora�on, produc�on, and development of
mining proper�es. The Company’s proper�es are in Quebec, Canada, primarily in the spodumene -bearing
pegma�tes of the La Corne Batholith, around North American Lithium’s Quebec lithium mine.
For more information:
Rene Bhar�, Chief Execu�ve Officer and President
Email: [email protected]
Phone: (416) 861-5800
htps://consolidatedlithium.com/
Cau�onary Statements
The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to
define a mineral resource on its properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource.
In addition, sample results at or around, and information applicable to, the North American Lithium mine or the Chubb showing are not indications
of results that could be obtained at, or information applicable to, the Company’s Baillargé lithium project, or any other of CLM’s properties.
This press release contains “forward- looking information” within the meaning of applicable Canadian securities legislation. Forward- looking
information includes, but is not limited to, statements with respect to anticipated future drill programs, the timing of the receipt of sample assay
results, the expected benefits of a LIBS soil algorithm , and the Company’s ability to execute its business plan. Generally, forward- looking
information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance
or achievements of CLM to be materially different from those expressed or implied by such forward-looking information, including but not limited
to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future miner al prices and market
demand; accidents, labour disputes and shortages and other risks of the mining industry. Although CLM has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward- looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly , readers should not place undue reliance on
forward-looking information. CLM does not undertake to update any forward-looking information, except in accordance with applicable securities
laws.
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