Vision Lithium Reports Drill Results from Its Cadillac Lithium Property - Intersects up to 3.14% Li2O
VISION LITHIUM REPORTS DRILL RESULTS
FROM ITS CADILLAC LITHIUM PROPERTY -
INTERSECTS UP TO 3.14% Li2O
VAL-D'OR, QC
,
April 13, 2022
/CNW Telbec/ - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF)
(FSE: 1AJ2) (the "
Company
" or "
Vision Lithium
") announces assay results for the first set of drill
holes completed on the recently acquired Cadillac Lithium property (the "
Property
"). The Property
comprises a total of 332 claims covering 19,070 hectares (190 km
2
) located just south of the historic
mining town of Cadillac and approximately halfway between the major mining centres of
Rouyn-
Noranda
and
Val-d'Or
, in the province of
Quebec, Canada
.
Table 2. Drilling program results
Section
DDH #
Dike
From m
To m
Length m
Li2O %
550E
CAD-22-04
B
31.80
32.40
0.60
1.15
550E
CAD-22-04
B
33.90
34.40
0.50
1.72
550E
CAD-22-04A
B
31.20
32.20
1.00
3.14
400E
CAD-22-07
B
46.70
48.60
1.90
1.74
300E
CAD-22-08
C
124.60
125.77
1.17
0.79
450E
CAD-22-13
C
152.40
158.80
6.40
1.00
Yves Rougerie
, President and CEO commented, "The first eleven holes were drilled on the main
exposed dike on the property over an initial strike length of
150 m
. The drill holes tested the B dike
just below an area of surface high grade channel sample results reported in December and January.
The B dike varies from 4 to 14 metres in core length and appears to dip at -70 to the South.
Spodumene is observed in almost all holes as individual large crystals sparsely distributed
throughout the central portion of the dike. This is similar to the observed mineralization on surface.
We typically see large crystals in the core resulting in high grade values such as 3.14% Li2O in hole
CAD-22
-04A and 1.72% Li2O over
1.90 m
in hole
CAD-22
-07 and 1.00% Li2O over
6.40 m
in hole
CAD-22
-13 in the C dike. I am very encouraged by this first pass of drilling. There are still several
holes to be reported and based on what we are seeing we will target deeper mineralization in the
next round of drilling where the intersections are wider."
Along with the previous surface channel sample results, these results indicate the presence of
significant lithium values over the known length of the B dike as observed on surface. The Cadillac
Lithium property hosts at least 4 known spodumene-bearing pegamtitite dikes which will be tested
during the on-going drilling program.
A total of ten additional holes have ben completed to date and are being logged and sampled at this
time. Visual results appear similar to the first seven holes, with good continuity of the dike over
several hundred metres and spodumene being observed in most holes. The drilling program will
continue through the spring ahead of the summer field season where numerous pegmatite targets
will be ground proofed.
Table 1. Drilling program statistics
Section
Target Dike(s)
DDH #
UTM
East
UTM
North
Azimuth
Dip
Length
meters
500E
B
CAD-22-01
687469
5329617
30°
-50
108.5
500E
B
CAD-22-02
687455
5329592
30°
-54
81.0
500E
B
CAD-22-03
687455
5329592
30°
-70
99.0
550E
B
CAD-22-04
687508
5329585
30°
-50
48.0
550E
B
CAD-22-04A
687508
5329585
30°
-54
45.0
550E
B
CAD-22-05
687497
5329560
30°
-54
84.0
400E
B-C-D
CAD-22-06
687381
5329666
30°
-50
250.0
400E
B
CAD-22-07
687368
5329641
30°
-54
66.0
300E
B-C
CAD-22-08
687278
5329686
30°
-50°
135.0
300E
B
CAD-22-09
687265
5329662
30°
-54°
67.5
450E
B-C
CAD-22-13
687414
5329613
30°
-54°
168.0
Quality assurance/quality control (QA/QC)
The sampling program and the quality control program were planned and supervised by
Yves
Rougerie
. The quality assurance and control protocol involves the insertion of control or normalized
samples on average every 10 samples, in addition to the regular insertion in the process of analysis
of sterile, duplicate and standardized samples, accredited by ALS Canada Ltd. Samples were
transported from the Cadillac Lithium project to a secure facility in
Val-d'Or, Quebec
where samples
were prepared. The sawed channels samples were bagged, sealed and transported to the facility of
ALS Chemex in
Val-d'Or
, where each sample was dried, crushed and pulped (Prep-31). The
samples were crushed to 70 per cent less than two millimetres (CRU-31), riffle split, pulverize split
to better than 85 per cent passing 75 microns (PUL-31). Samples were assayed for Lithium +
33 element by ICP-AES (ME-MS85) and by 4Acid digestion for ore grade lithium samples (Li-
OG63).
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, Decelles lithium, 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:
Please contact: Victor Cantore, Executive Chairman, Tel: +1-514-831-
3809, Email: [email protected]; Yves Rougerie, President and Chief Executive Officer,
Tel: +1-819-316-0474, Email: [email protected]
CO: Vision Lithium Inc.
CNW 07:00e 13-APR-22