Scandium Canada Ltd. Announces diamond drilling results
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Highlights
• Crater Lake TG Zone deposit extends for an additional 250m to the South
• TG Zone deposit still open in all directions and at depth
• All 7 holes intersected Sc-REE mineralization
• Updated resource estimate to follow
Scandium Canada Ltd. Announces diamond drilling results
MONTRÉAL, QUÉBEC – November 21, 2024 – Scandium Canada Ltd. (the “Company” or "Scandium
Canada") (TSX VENTURE: SCD; OTCQB: SCDCF) is pleased to report the assay results from the
Crater Lake Summer 2024 drilling program on the TG scandium -rare earth mineralized zone. Assay
results continue to return substantial intersection widths of scandium -bearing olivine rich ferrosyenite.
With all o f the results in, Scandium Canada now plans to undertake an updated 43 -101 Mineral
Resource Estimate to reflect the extension to the South of the already known deposit.
“We are very pleased to have been able to confirm the lateral continuity of the TG north Lobe deposit
for an additional 250m going South. It confirms that the North and South Lobes consist of a single and
continuous unit” said Guy Bourassa, Chief Executive Officer. “Importantly, the TG Zone is still open in
all directions and at depth.”
DRILLING RESULTS
All analytical results from the 866 samples from the seven holes of the summer drilling program for a
total of 1,185m have been received (Tables 1 and 2, Figure 1). All drillholes have intersected the target
scandium bearing ferrosyenite host rock. The recent drilling indicates that the southern portion of the
TG scandium Zone hosts a higher proportion of the higher-grade pyroxene-rich ferrosyenite. This new
pyroxene-rich ferrosyenite mineralization is open to the southwest and at depth. Individual drill as say
grades of up to 526g/t Sc2O3 were returned from this new system.
Table 1 – 2024 Geological Drillhole intersections and assay results
Hole # From
(m)
To
(m)
Interval
(m)
Sc2O3
(g/t)
Dy2O3
(g/t)
La2O3
(g/t)
Nd2O3
(g/t)
Pr2O3
(g/t)
Tb4O7
(g/t)
CL24063 34.5 125.4 91.0 203.0 61.0 578.0 538.3 146.8 10.1
Including 54.0 88.9 35.0 256.8 80.6 761.3 708.7 195.9 80.6
CL24064 66.9 169.6 102.8 213.0 55.0 531.1 493.7 132.7 9.2
Including 76.9 117 40.1 257.2 64.9 611.5 574.4 153.4 10.8
CL24065 12.0 62.6 50.6 198.0 61.4 606.0 521.6 143.2 10.1
CL24066 10.5 52.0 41.5 187.0 51.7 504.8 459.7 125.4 8.7
CL24067 62.0 176.9 114.9 185.0 44.5 427.2 407.4 109.0 7.5
Including 62.9 64.3 26.9 250.7 58.2 547.9 537.8 142.1 9.8
CL24068 6.9 47.8 40.9 184.0 50.7 470.1 453.2 118.3 8.6
Including 9.3 29.3 20.0 263.8 66.4 594.1 589.3 151.6 11.2
CL24069 4.2 61.1 56.9 280.0 68.3 604.0 587.0 159.6 11.3
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Table 2 – 2024 Geological Drillhole Locations
Borehole Section Easting Northing Elevation Azimuth Dip Length
(m)
CL24063 250N 440730 6133506 536 304 45 201 201
CL24064 300N 440747 6133557 540 304 45 201 201
CL24065 200N 440690 6133478 537 304 45 186 186
CL24066 250N 440671 6133546 542 304 45 132 132
CL24067 150N 440697 6133411 535 304 45 240 240
CL24068 150N 440638 6133450 539 305 45 132 132
CL24069 300N 440689 6133597 546 305 45 93 93
Figure 1
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QA-QC Protocol
Strict QA/QC protocols have been implemented for the Crater Lake Project, including the insertion of
certified reference materials (standards), duplicates and blanks at regular intervals throughout the
sequence of samples. A total of 866 drill core samples, including 65 QA-QC samples composed of
OREAS verified standards and blanks, were sent to Activation Laboratories Ltd. All sample preparation
and analytical work was carried out at their facilities in Ancaster, Ontario. Several analytical techniques
were used to characterize the samples, which are combined at Actlabs into the analytical package “8 -
REE”. This package includes whole-rock and trace element analytic techniques. Whole Rock analyses
are done via a lithium metaborate/tetraborate fusion inductivel y coupled plasma (ICP) finish. Trace
elements are also analyzed by fusion ICP/MS.
The technical content in this press release was prepared, reviewed and certified by Eric Kinnan, B. Sc.,
P.Geo., an independent consulting Geologist, Member in good standing of Ordre Des Géologues du
Québec (No.00788) and Qualified Person as defined by NI43-101.
ABOUT SCANDIUM CANADA LTD.
Scandium Canada is a technology metals company focused on advancing its flagship scandium
project in Québec, Canada, and a high-tech venture through the development of aluminum scandium
alloys. Its mission: contribute to society’s goal of reducing carbon emissions to net zero.
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but
not limited to, those relating to the intended use of proceeds of the Offering, the final approval of the
Exchange in connection with the Offering, clo sing of any subsequent tranche of the Offering, the
development of the Crater Lake project and, generally, the above “About Scandium Canada Ltd.”
paragraph which essentially described the Corporation’s outlook, constitute “forward -looking
information" or “forward-looking statements” within the meaning of applicable securities laws, and are
based on expectations, estimates and projections as of the time of this press release. Forward-looking
statements are necessarily based upon a number of estimates and assumption that, while considered
reasonable by the Corporation as of the time of such statements, are inherently subject to significant
business, economic and competitive uncertainties, and contingencies. These estimates and
assumption may prove to be incorr ect. Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ materially from those expressed or implied in
any forward-looking statements and future events, could differ materially from those anticipated in such
statements. A description of assumptions used to develop such forward -looking information and a
description of risk factors that may cause actual results to differ materially from forward looking
information can be found in the Corpo ration’s disclosure documents on the SEDAR+ website at
www.sedarplus.ca. By their very nature, forward -looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions do not reflect future experience.
Forward-looking statements are provided for the purpose of providing information about management’s
endeavors to develop the Crater Lake project, and, more generally, its expectations and plans relating
to the future. Readers are cautioned not to place undue reliance on these forward -looking statements
as a number of important risk factors and future events could cause the actual outcomes to differ
materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and
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intentions expressed in such forward -looking statements. All of the forward -looking statements made
in this press release are qualified by these cautionary statements and those made in our other filings
with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update
or revise any forward -looking statement or to explain any material difference between subsequent
actual events and such forward -looking statements, except to the extent required by applicable law.
Neither the 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
For further information please contact:
Scandium Canada Ltd.
Guy Bourassa
Chief Executive Officer
Phone: +1 (418) 580-2320
Email: [email protected]
Website: www.scandium-canada.com.com
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