Vision Lithium Initiates Maiden Drill Program ON Cadillac Lithium Property, Adds Claims and Grants Options
VISION LITHIUM INITIATES MAIDEN DRILL
PROGRAM ON CADILLAC LITHIUM
PROPERTY, ADDS CLAIMS AND GRANTS
OPTIONS
VAL-D'OR, QC
,
Jan. 4, 2022
/CNW Telbec/ - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF)
(FSE: 1AJ2) (the "
Company
" or "
Vision Lithium
") is pleased to announce the start of its maiden
drilling program on the newly acquired Cadillac Lithium property (the "
Property
"). Following a
successful channel sampling campaign, which returned up to 4.80% Li
2
O over variable widths (see
full results in press release of
December 30, 2021
), the Company is immediately launching a drill
campaign which will target multiple lithium bearing dikes on the property. The Cadillac lithium project
is located just 10 km south of the mining town of Cadillac in the Abitibi region of
Quebec, Canada
. It
is surrounded by infrastructure and skilled labour, being in the middle of
Quebec's
mining heartland.
Yves Rougerie
, President and CEO commented, "Our initial channel sampling program has returned
some very high grade lithium values. We are now mobilizing a drill to the site to immediately begin
testing the potential of the B dike. The drill should be operational this week. The drill will test the B
dike along its
300 m
exposed strike length as well as other lithium bearing dikes, none of which have
ever been drilled. Additional results from the surface channel sampling program are also expected in
January. We're very excited about this first-ever drill program on the Cadillac Lithium property and
look forward to releasing results to the public as soon as they become available."
The Company has also staked an additional 12 claims to expand the Cadillac Lithium property to the
East to cover prospective ground.
Furthermore, the Company announces that it has granted 4,200,000 incentive stock options to
certain directors, officers, employees and consultants of the Company, pursuant to the Company's
incentive stock option plan. Each option is exercisable into one common share of Vision Lithium at a
price of
$0.21
per share for a period of 5 years from the date of grant. 50% of the options vest
immediately and the remaining 50% will vest 6 months following the date of grant.
The scientific and technical information in this release has been reviewed and approved by
Yves
Rougerie
, Geologist, President and CEO of the Company. Mr. Rougerie is a "qualified person" as
defined in National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
. The potential
grades of exploration targets disclosed in this news release are conceptual in nature. There has
been insufficient exploration to define a mineral resource and it is uncertain if further exploration will
result in the target being delineated as a mineral resource.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on exploring and developing high quality
mineral assets including lithium and copper in
Canada
. The Company is led by skilled and qualified
mineral exploration experts and business professionals with a deep understanding of the battery
materials market, which is driven by lithium-ion batteries. Vision Lithium is committed to discovering
new, world-class assets and bringing these assets to production, starting with the Godslith lithium
property located in
Manitoba
; the Cadillac Lithium property, Sirmac lithium property and the Dôme
Lemieux
porphyry/skarn copper-zinc property, all located in
Quebec
; its skarn and breccia
polymetallic
Red Brook
and Benjamin properties in
Northern New Brunswick
and its
St. Stephen
nickel-copper-cobalt property in
Southern New Brunswick
.
For further information on the Company, please visit our website at
www.visionlithium.com
or contact
us at
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news
release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to:
potential mineralization, estimates of cut-off grade, the potential to extend the estimates to other
portions of the Property, the Company's plans for further drilling and exploration, and the long-term
prospects of the lithium market. Forward-looking statements are necessarily based upon a number
of estimates and assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Such risks and
other factors include, but are not limited to: the estimates may turn out to be inaccurate; additional
drilling and exploration may lead to a determination that there is no potentially viable mine plan for
the Property; general business, economic, competitive, political and social uncertainties; delay or
failure to receive board, shareholder or regulatory approvals; and the ability of the Company to
execute and achieve its business objectives. There can be no assurance that the forward-looking
statements 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 statements. The Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE
Vision Lithium Inc.
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For further information:
Victor Cantore, Executive Chairman, Tel: 514-831-3809, Email:
[email protected]; Yves Rougerie, President and Chief Executive Officer, Tel: 819-316-
0474, Email: [email protected]
CO: Vision Lithium Inc.
CNW 06:30e 04-JAN-22