Xplore Completes New High-Resolution Magnetic Survey and Identifies High-Priority Targets on Trend with Root Bay Deposit at its Surge Project, Ontario
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Xplore Completes New High-Resolution Magnetic Survey and Identifies
High-Priority Targets on Trend with Root Bay Deposit at its Surge
Project, Ontario
VANCOUVER, BC, May 22, 2025 – Xplore Resources Corp . (TSX-V: XPLR) (“Xplore” or the
“Company”) is pleased to announce the completion of a ne w high-resolution airborne magnetic survey at
its Surge Lithium Project in northwestern Ontario (Figure 1).
The survey results show linear magnetic highs ex tending from the Green Technology Metals Root Bay
lithium deposit and through the Xplore property. The trend extends for over 17 km on the Surge Project
and is interpreted as iron formation and greenstone dismembered with abrupt magnetic breaks. These breaks
match spatially with known pegmatites drilled by Green Technology Metals and may represent pegmatite
intrusions, defining new high-priority targets for follow-up exploration.
This new magnetic data provides greater definitio n of regional structures and highlights geological
characteristics similar to those observed near pegmatites intersected at Green Technology Metals’ Root Bay
East drilling, adjacent to the Surge Project. Field cr ews are scheduled to mobilize this month to begin
mapping and prospecting these new targets.
Survey Highlights
A total of 476 line-kilometers were flown at 50 meter spacing over 214 hectares at the Surge
Project.
The new data was leveled and merged with existing high-quality magnetics, providing enhanced
geological context across a broader 5,400 hectare area.
Several structural features and magnetic disconti nuities have been identified as priority targets
for the 2025 field program.
Devin Pickell, President and CEO of Xplore, commented , “This magnetic survey will be instrumental in
advancing exploration in the Root Lake area. Our field crews will use this high-resolution data to prioritize
and ground truth newly identified structural targets as we work toward a potential new discovery.”
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Figure 1. High-resolution magnetic survey results at the Surge Project highlighting interpreted structural
features and priority target areas for ground follow-up.
About the Surge Lithium Project
The Surge Lithium Project is Xplo re’s flagship property located in the rapidly emerging Root lithium
district of northwestern Ontario. The project covers approximately 10 km of strike length along the eastern
extension of the Root Bay–Root Bay East lithium tre nd and is strategically positioned adjacent to Green
Technology Metals’ Root Bay Project, which currently hosts a JORC-compliant resource of 10.1 Mt at
1.29% Li₂O.
Recent high-resolution Lidar combin ed with airborne magnetics, ha ve significantly improved the
geological understanding of the Surge Project. Field mapping and prospecting have confirmed the presence
of key structures and greenstone host rocks, with sever al priority targets identified less than 50 m from
lithium mineralization reported at Root Bay East.
The technical content of this news release has been reviewed and approved by De vin Pickell, P.Geo., the
President and CEO of the Company and a Qualified Person pursuant to National Instrument 43-101.
About Xplore Resources
Xplore Resources is a North American lithium explor ation company listed on the TSX Venture Exchange
under symbol XPLR. The Company has a prospectiv e land package in the emerging Root Bay lithium
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district located in northwest Ontario. Xplore’s flagship property is the Surge lithium project, on trend and
near two lithium deposits and just 25 m from a ne w lithium discovery. The Company is led by a highly
experienced management team with a strong track record of growing shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS,
Devin Pickell, CEO
Xplore Resources Corp.
For further information on Xplore, contact:
Telephone: 604-678-5308
Email: [email protected]
Website: www.xploreresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute “forward-looking information” within the meaning
of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words
such as “anticipate”, “plan”, “estimate”, “expect”, “may ”, “will”, “intend”, “should”, “potential”, “indicative”
and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those anticipated in such forward-looking
information. Such forward-looking information is based on the current expectations of management of the Company.
The Company’s actual results could differ materially from those anticipated in this forward-looking information as a
result of risks and uncertainties, including without limitation risks and uncertainties inherent in the exploration and
development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory
decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions,
changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the
Company. The Company believes that the expectations reflected in the forward-looking information are reasonable,
but no assurance can be given that these expectations will prove to be correct and such forward-looking information
should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has
applied several material assumptions. Any forward-looking information contained in this news release represents the
Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities legislation.