Vinland Lithium Inc. Provides Corporate and Project Update - Samples up to 1.97% Li20 from New Float Sampling at Kraken South
Vinland Lithium Inc. Provides Corporate and
Project Update - Samples up to 1.97% Li20
from New Float Sampling at Kraken South
Thunder Bay, Ontario--(Newsfile Corp. - May 29, 2025) - Vinland Lithium Inc. (TSXV: VLD) ("Vinland" or
the "Company") is pleased to provide a corporate update on its Killick Lithium Project (the "Project").
Some of the key points for Vinland are as follows:
The Killick Lithium Project holds excellent potential for additional discoveries in a newly identified
lithium belt located in the friendly mining district of Newfoundland, Canada
High grade Lithium and Cesium pegmatites have been discovered since 2021
Vinland is well structured with approximately 10 million issued and outstanding shares with more
than 6 million held by insiders that are under an escrow provision for 36-months
In 2023
Piedmont Lithium Inc.
("Piedmont"), a leading North American lithium company
(NASDAQ - PLL) completed a financing in Vinland of CAD$2.0M @ CAD$1.00 per share to hold
a 19.9% interest in Vinland
Piedmont has vast technical and geological knowledge, and their Carolina Lithium property has
similar geology to that of Killick/Kraken pegmatites
Vinland holds indirectly, through its subsidiary Killick Lithium Inc., a 100% interest in the Killick
Lithium Project
Piedmont has the option to earn up to a 62.5% direct interest in Killick Lithium Inc. (a wholly-owned
subsidiary of Vinland) by spending CAD$12.0M in exploration and development over 54 months
along with certain other commitments to Benton and Sokoman
Killick Lithium Project
The Killick Lithium Project was first discovered in late-summer 2021 by Benton Resources Inc.
("Benton") and Sokoman Minerals Corp. ("Sokoman") personnel (Figure 1). The maiden drill program in
2022 resulted in the discovery of the Kraken Dyke which returned 8.4 meters of 0.95% Li
2
0 in hole GH-
22-01.
Further work in 2022-2023 resulted in the discovery of several additional spodumene-bearing
dykes including the Killick Dyke/East Dyke system where drilling has returned 1.04% Li
2
0 over 15.23
meters in hole GH-22-27 and 1.06% Li
2
0 over 16.7 meters, including 1.22% Li
2
0 over 13.37 meters in
hole GH-23-46.
Several spodumene-bearing dykes remain untested by diamond drilling.
Large-scale
regional geochemical surveys have outlined multiple lithium and tantalum in soil anomalies, some of
which are several kilometers in length. During the 2024 summer field season, the joint venture between
Benton, Sokoman and Piedmont completed an airborne geophysical magnetics and electromagnetics
survey as well as field geochemical surveys on the Project.
Field geochemical and geological surveys
consisted of prospecting, geological mapping, soil sampling and basal till sampling were also
completed.
Highlights of the exploration program are presented below:
- A 4,854.3-kilometer airborne Magnetics and VLF-EM (very low frequency electro magnetics) was flown
in April and May of 2024.
The survey area covered parts of the property not flown in the 2021 program.
The two data sets are now merged and provide complete coverage of the entire Project.
Interpretation of
the data has identified several anomalous areas for future exploration follow-up.
- Prospecting has resulted in the identification of multiple spodumene-bearing pegmatite float samples
in the Kraken South area of the Project.
Float samples range from angular to sub-rounded and have
returned assays to 1.97% Li
2
0, with 11 samples assaying greater than 1.0% Li
2
0.
Initial basal till
sampling in the area has confirmed spodumene grains in several samples.
The Kraken South area is
deemed high priority for follow-up evaluation.
- Prospecting and soil sampling continue to expand anomalous areas of LCT pegmatite dyke
occurrences.
Areas such as Grandy's West and Top Pond Ridge are multi-kilometer anomalies
containing elevated lithium and tantalum in soils and rock samples. All areas that have anomalous Li and
Ta in soil contain pegmatite dykes in bedrock that further indicate high potential for the discovery of LCT
pegmatite dykes in the area.
Anomalous Tantalum is believed to indicate local highly fractionated
geochemical sources adding to the high-prospectivity of these areas.
- Vinland is also advancing its Hydra Cesium discovery where initial channel sample results returned
8.75% Cs
2
O, 0.41% Li
2
O, 0.025% Ta
2
O
5
and 0.33% Rb
2
O over 1.2 meters including 13.57% Cs
2
0 and
0.32% Li
2
0 over 0.4m.
Six short diamond drill holes tested the discovery area with results including
13.55m of 0.146% Cs
2
O and 0.158% Li
2
O including 0.50 m of 0.80% Cs
2
O and 0.152% Li
2
O in hole
HY-23-01.
Prospecing and limited trenching has indicated that the Hydra Dyke has a strike length of over
200 meters to the north of the original discovery site, and the dyke extends under till cover to the south.
- Vinland is also pleased to announce that it will continue its partnership with the Critical Minerals
Research Initiative between St. Francis Xavier University, Memorial University, Newfoundland
Geological Survey in researching the lithium pegmatites in southwestern Newfoundland where a total of
$1.3 million over 4 years is being directed towards detailed research on the property.
Figure 1: Killick Lithium Project Generalized Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11666/253764_8414eb5d94174b78_001full.jpg
About Vinland Lithium Inc.
Vinland Lithium Inc. is a well-financed mineral exploration company listed on the TSX Venture Exchange
under the symbol VLD. Vinalnd holds 100% interest in the Killick Lithium Project in Southwestern
Newfoundland and is seeking additional opportunities in the lithium-cesium-tantalum space.
Vinland is focused on advancing the recently-discovered Killick Lithium Project which covers 60
kilometers of highly-prospective geological terrane in proximity to the Baie d'Est Fault.
The project
boasts multiple spodumene-pegmatites within the Kraken Pegmatite Field and high-grade cesium-
tantalum-lithium hosted in the Hydra Pegmatite.
Further potential for discovery is excellent given the
extensive number of untested geochemical and geophysical targets present.
All initial drilling phases at the Killick Lithium Project to date have returned impressive results from
multiple pegmatites including: 8.4m of 0.95% Li
2
O in GH-22-01 at the Kraken Dyke, 16.2m of 0.43%
Li
2
O in GH-22-05 at the Kraken North Dyke, 20.82m of 0.60% Li
2
O incl. 5.5m of 1.16% Li
2
O in GH-22-
15, and 8.37m of 0.91% Li
2
O in GH-22-08 at the East Dyke and 15.23m of 1.04% Li
2
O in GH-22-27 and
13.37m of 1.22% Li
2
O in GH-22-45 at the Killick Dyke. At the Hydra Cesium Dyke, initial channel
sample results to 8.75% Cs
2
O, 0.41% Li
2
O, 0.025% Ta
2
O
5
and 0.33% Rb
2
O over 1.2 meters including
13.57% Cs
2
0 and 0.32% Li
2
0 over 0.4m
.
On behalf of the Board of Directors of Vinland Lithium Inc.,
"Stephen Stares"
Stephen Stares, President
Parties interested in seeking more information can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone:
807-474-9020
Email:
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking statements, including,
without limitation: risks related to failure to obtain adequate financing on a timely basis and on
acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks
associated with mining and exploration; risks related to the maintenance of stock exchange listings;
risks related to environmental regulation and liability; the potential for delays in exploration or
development activities or the completion of feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be consistent with the Company's
expectations; risks related to gold price and other commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and business detailed elsewhere in the
Company's disclosure record. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Company's expectations or
projections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/253764