Vision Lithium reports 1.85% Li2o over 13.50 metres from channel sampling at the Sirmac Lithium Property
Vision Lithium reports 1.85% Li2o over 13.50
metres from channel sampling at the Sirmac
Lithium Property
VAL-D'OR, QC
,
Nov. 7, 2018
/CNW Telbec/ - Vision Lithium Inc. (TSXV: VLI) (OTC-PINK: ABEPF)
(the "
Company
" or "
VLI
") is pleased to announce the results from its 2018 exploration programs on
its 100% owned Sirmac Lithium Property (the "Property" or "Sirmac"). The Sirmac property,
acquired from the Company's largest shareholder, Nemaska Lithium Inc. (TSX: NMX) ("
Nemaska
"),
is located approximately 200 kilometres south of
Nemaska's
Whabouchi Lithium Mine and 180
kilometres by road north-west of
Chibougamau, Quebec
. The Sirmac property consists of 194
mining claims covering approximately 10,350 hectares.
"The newly discovered East Zone is located more than 5 km to the east of the Main Dike on the
Sirmac property. The Company applied for stripping and drilling permits after it was discovered by
our crews earlier this year. The work was completed between June and September with 22
channels totalling 149.5 metres in length and 112 samples, as well as 5 short drill holes totalling 500
metres that were aimed at understanding the geometry of the dike system", said
Yves Rougerie
,
President and CEO of Vision Lithium. "We saw significant grades and widths from the channel
results. Channels are essentially surface drilling and I am very pleased with the level of
mineralization in these channels. This is an exciting area that warrants additional follow up."
Channel sampling results include:
Channels
Zone
From (m)
To (m)
Length (m)
Li2O (%)
CL-18-R01
East Zone
1.0
14.5
13.50
1.85
CL-18-R11
East Zone
0.0
11.7
11.70
1.58
incl.
2.6
7.1
4.50
2.37
CL-18-R17
East Zone
0.7
15.3
14.60
1.23
incl.
10.9
15.3
4.40
2.24
CL-18-R07
East Zone
1.8
17.2
15.40
1.05
*CL-18-R18
East Zone
0.0
10.3
10.30
0.86
incl.
6.6
10.3
3.70
1.41
CL-18-R04
East Zone
1.5
7.5
6.00
1.51
CL-18-R15
East Zone
0.0
5.5
5.50
0.89
CL-18-R05
East Zone
4.2
8.7
4.50
1.43
CL-18-R02
East Zone
0.0
3.0
3.00
1.19
CL-18-R06
East Zone
1.5
4.5
3.00
1.34
CL-18-R22
East Zone
0.0
3.0
3.00
0.93
CL-18-R23
East Zone
4.5
7.5
3.00
0.79
CL-18-R24
East Zone
2.9
5.9
3.00
0.61
CL-18-R16
East Zone
0.5
3.4
2.90
1.12
CL-18-R10
East Zone
0.0
2.1
2.10
0.85
CL-18-R03
East Zone
3.0
4.5
1.50
0.63
*Note: CL-18-R18: includes
2.1m
@ zero grade due to overburden covered intervals
Diamond drilling core assay results include:
DDH
Zone
From (m)
To (m)
Core Length (m)
Li2O (%)
CL-18-01
East Zone
0.5
4.7
4.2
0.74
Incl.
East Zone
0.5
1.9
1.4
1.51
*CL-18-01
East Zone
0.0
0.5
0.5
NCR
CL-18-02
East Zone
0.8
3.0
2.20
0.63
*CL-18-02
East Zone
0.0
0.8
0.8
NCR
CL-18-03
East Zone
34.3
36.8
2.5
0.84
CL-18-04
East Zone
94.4
99.9
5.5
0.97
CL-18-05
East Zone
42.2
46.7
4.5
0.55
CL-18-05
East Zone
101.9
107.5
5.6
1.36
Note: Both CL-18-01 and CL-18-02 were drilled on mineralized outcrop but the top section was not
retrieved for logging and sampling when casing was drilled.
"The East zone is made up of several lithium bearing intrusive dikes which trend northward and dip to
the east. The early drilling was targeted immediately below the observable dikes to establish their
direction and dip and was done prior to channel sampling. The assay results suggest the East zone
has the potential to develop into a significant lithium occurrence that could be advanced in tandem
with the Main Dike and possibly other lithium bearing zones on the property. We have only tested a
100metre strike length of the East zone dike swarm and it remains open in all directions. We look
forward to additional ground work and drilling on the East zone in the upcoming programs. To that
end we are planning a minimum of 5,000 metre drill program on multiple rich targets on the Sirmac
property. "
The Main Dike zone was not drilled during the summer program. Instead, field work followed up on
the successful late winter drilling program as well as different mapping and geophysical surveys
completed to better understand the geological setting of the intrusive dike system ahead of future
drill programs. The drilling program, six years after the previous program, once again demonstrated
the potential of the Main Dike to host an economic resource.
Drill core assay results from the Main Dike included:
DDH
Zone
From
(m)
To (m)
Core
Length
(m)
Li2O
(%)
Ta2O5
(ppm)
SIR-12-26-Twin
Dike no. 5
2.4
22.2
19.8
1.62
59.7
SIR-12-45-Twin
Dike no. 5
13.7
19.7
6.0
1.22
63.6
SIR-12-49-Twin
Dike no. 5
30.1
42.1
12.0
1.22
79.2
SIR-12-61-Twin
Dike no. 5
4.7
10.7
6.0
1.30
47.2
SIR-12-61-Twin
Dike no. 5
25.9
42.0
16.1
0.25
114.3
SIR-12-63-Twin
Dike no. 5
13.6
22.6
9.0
1.40
38.8
SIR-18-02
Dike no. 5
1.6
24.0
22.4
1.70
57.4
SIR-18-04
Dike no. 5
22.5
37.2
14.7
1.42
74.1
SIR-18-05
Dike no. 5
3.6
5.1
1.5
1.43
16.0
SIR-18-21
Dike no. 5
22.4
24.8
2.4
0.57
41.1
A number of large dikes are observed in the area of the Main Dike, several of which had been
sampled by previous operators for lithium alone. Vision Lithium resampled many of these dikes as
well as newly discovered dikes in the general vicinity of the Main Dike and assayed for lithium and 21
other elements. Although no significant lithium assays were returned, the minor elements assay
results indicate that these dikes are evolved Lithium Cesium Tantalum (LCT) Pegmatite dikes which
have the potential to host significant lithium mineralization. Further work is required on all these
dikes, some of which are hundreds of metres long and tens of metres wide.
Metallurgical tests are underway at SGS Lakefield ("SGS"). Outcrop samples and drill core samples
from the winter drilling program as well as from the
Nemaska
drilling program of 2012 were sent to
SGS for metallurgical tests in late spring and early summer. The mandate calls for SGS to produce
a Li2O concentrate of the highest grade possible. Historical tests achieved concentrate grades
above 6% and the Company expects the same results from the current study. Once the results of
the concentrate grade are confirmed, Vision Lithium will then mandate SGS to make a battery grade
lithium hydroxide and lithium carbonate. First results from the tests are expected shortly.
Location of East zone drill holes:
DDH
Zone
Az
Dip
Length
(m)
UTM
NAD83
East
UTM
NAD83
North
Elevation
CL-18-01
East
360
-90
51
471,178
5,610,494
423
CL-18-02
East
360
-90
30
471,163
5,610,502
423
CL-18-03
East
250
-45
84
471,281
5,610,528
422
CL-18-04
East
300
-45
201
471,289
5,610,528
421
CL-18-05
East
295
-45
117
471,299
5,610,495
419
The information of scientific or technical information in this release has been reviewed and approved
by
Yves Rougerie
, P.GEO., President and CEO of the Company. Mr. Rougerie is a Qualified Person
as defined by National Instrument 43-101.
All rock samples were sent for preparation and analysis to the ALS Chemex laboratory in
Val-d'Or,
Quebec
. Core samples were sawed in half, with one half being bagged and tagged using barcodes.
The samples are typically 1.5 metre samples. The samples were transported to
Val d'Or
by secure
transport and delivered to ALS Chemex. Vision Lithium Inc. applies a rigorous quality control
protocol, including the insertion of certified analytical standards, duplicates and blanks and statistical
follow-up of the results.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on exploring and developing high quality
battery mineral assets including lithium and copper in safe jurisdictions, primarily
Canada
. The
Company is led by skilled and qualified mineral exploration experts and business professionals with a
deep understanding of the lithium 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 its flagship projects the Sirmac Lithium property and the Dome Lemieux
copper property, both located in
Quebec, Canada
. Nemaska Lithium is the largest shareholder of
Vision Lithium.
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.
SOURCE
Vision Lithium Inc.
View original content:
http://www.newswire.ca/en/releases/archive/November2018/07/c8447.html
%SEDAR: 00003760E
For further information:
Victor Cantore, Executive Chairman, Tel: +1 514 831 3809, Email:
[email protected]; Yves Rougerie, President and CEO, Tel: +1 819 874 6200, Email:
CO: Vision Lithium Inc.
CNW 06:00e 07-NOV-18