Scandium Canada completes summer drilling campaign at its Crater Lake project
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Scandium Canada completes summer drilling campaign at its Crater Lake project
MONTRÉAL, QUÉBEC – AUGUST 2, 2024 – Scandium Canada Ltd. (the “Company” or " Scandium Canada")
(TSX VENTURE: SCD; OTCQB: SCDCF) is pleased to report that it has completed 2,854 m of diamond drilling
on its Crater Lake project and that it is currently demobilizing the drilling equipment.
The drilling campaign had two main objectives. The first one was to complete geomechanical drilling to determine
the optimal angles of the slopes of the proposed open pit design for the pre -feasibility study. It totaled 1,669 m
in 6 holes.
The second objective was to confirm the potential extension of the TG Zone for an additional 250m length.
Currently the Preliminary Economic Assessment (“PEA”), originally filed in July 2022, takes in to consideration
an initial mineralized zone of 350m in length. The focus of the additional drilling completed this summer was
around extending that zone (TG Zone North Lobe). The Company is pleased to report that mineralization is
present in all holes. In total, 1,185 m in 7 holes have been drilled on the southern extension. The table below
details these holes. The geologist is currently completing logging and preparing samples to be sent to the lab for
assaying during August. Assay results will be released as they are received.
Guy Bourassa, CEO, mentioned “We are very excited with the outcome of this drilling campaign. No doubt that
the mineralized zone extends to the South. It could significantly increase the size of the Crater Lake project.”
Figure 1 – Crater Lake Drillhole Location Map
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Table 1 – 2024 Geological Drillhole Locations
Drillholes Easting Northing Elevation Azimuth Dip Depth
CL24063 440730 6133506 536 304 45 201
CL24064 440747 6133557 540 304 45 201
CL24065 440690 6133478 537 304 45 186
CL24066 440671 6133546 542 304 45 132
CL24067 440697 6133411 535 304 45 240
CL24068 440638 6133450 539 305 45 132
CL24069 440689 6133597 546 305 45 93
The technical content in this press release was prepared, reviewed and certified by Marina IUND, P. Geo, M.
Sc. a Geologist and Qualified Person as defined by NI43-101.
ABOUT SCANDIUM CANADA LTD.
Scandium Canada is a Canadian technology metals company focused on advancing its flagship Crater Lake scandium and rare earth
project in Québec.
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For further information please contact:
Scandium Canada Ltd.
Guy Bourassa
Chief Executive Officer
Phone: +1 (418) 580-2320
Email: [email protected]
Rebecca Greco
Investor Relations
Phone: +1 (416) 822-6483
Email: [email protected]
Website: www.scandium-canada.com.com Twitter: @ScandiumCanada Facebook: Scandium Canada Ltd.
Linkedin.com: Scandium canada Ltd. Instagram: @scandiumcanada
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.