Vinland Lithium Inc. Retains 100% Control in the Killick Lithium Project
Vinland Lithium Inc. Retains 100% Control in
the Killick Lithium Project
Thunder Bay, Ontario--(Newsfile Corp. - January 12, 2026) - Vinland Lithium Inc. (TSXV: VLD) ("Vinland"
or the "Company") announces that Elevra Lithium Limited ("Elevra") has terminated its option
agreement, allowing Vinland to retain a 100% control position in the Killick Lithium Project, subject only
to a 2% NSR (1% each to Benton Resources and Pirate Gold). Elevra (successor to original Killick
Project partner Piedmont Lithium Inc. ("Piedmont")) has indicated that the project does not align with its
current corporate strategy, reflecting a focus on capital allocation towards its portfolio of production and
later-stage development assets.
Elevra continues to own 19.9% of Vinland reflecting Piedmont's
previous investment. Vinland's Killick Project is Newfoundland's only known lithium-spodumene and
pollucite-cesium pegmatite dykes and covers approximately 60km of favourable host geology.
2025 Exploration Program Highlights
Vinland's summer exploration field program included prospecting, till sampling, and ground geophysics,
generating several new lithium and cesium targets:
Prospecting
identified lithium-rich float up to 1.70% Li
O at Kraken West and 485 ppm Li in a
previously unsampled area 1.2 km north of the Killick Dyke.
Till Sampling
across multiple zones returned elevated spodumene grain counts, outlining new
target areas.
Ground Geophysics
(58.9 km magnetics; 31.4 km VLF-EM) at Kraken-Killick demonstrated
significantly improved resolution over prior airborne surveys, supporting expanded future work
Vinland continues its partnership with the Critical Minerals Research Initiative, which is investing
$1.3 million over four years in pegmatite research.
Vinland is also pleased to report that it has continued with the partnership with the Critical Minerals
Research Initiative between St. Francis Xavier University, Memorial University and the Newfoundland
Geological Survey in researching the lithium pegmatites in southwestern Newfoundland where a total of
$1.3 million over 4 years is being directed toward detailed research on the property.
About 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
is open under till cover to the south.
Figure 1: Killick Lithium Project - General Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11666/280042_c82bca5914de7b2e_001full.jpg
QA/QC Protocols
Rock and core samples are submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for
preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia for
analysis. All samples were acquired by hand (rocks) or saw-cut (channels/drill core) and delivered, by
Vinland personnel, in sealed bags, to the Grand Falls-Windsor prep lab of SGS, which is an accredited
assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS's
GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES,
and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by
Vinland personnel utilizing a standard Dutch-auger, collecting B Horizon soil, where possible. Where B
was not present, the soil horizon or type was noted. Soil samples were sent to Eastern Analytical Ltd., in
Springdale, NL, for Li, Ta, Sn, and Nb analyses by four-acid digestion, analyzed by ICP-OES. Eastern
Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of
accreditation visit the
CALA website
).
Till samples were collected by Vinland personnel utilizing
conventional shovel dug holes and screened to -10mm in the field.
Samples were shipped to
Overburden Drilling Management (ODM) in Nepean, Ontario for analysis using their standard lithium
indicator mineral package.
QP
Barry Sparkes, P.Geo., Vice President of Exploration for Vinland Lithium Inc., the 'Qualified Person'
under National Instrument 43-101, has approved the scientific and technical disclosure in this news
release and prepared or supervised its preparation.
About Vinland Lithium Inc.
Vinland Lithium Inc. is a 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:
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