Xplore Provides Update on the Surge Lithium Property
Xplore Provides Update on the Surge Lithium
Property
Toronto, Ontario--(Newsfile Corp. - December 7, 2022) -
Xplore Resources Corp
.
(TSXV: XPLR)
(
"Xplore
or "the Company"
), is pleased to provide an update on the Surge Lithium Property ("Surge"),
located approximately 110 kilometres northeast of Sioux Lookout, Ontario.
Highlights
:
A new sulphide trend traced in outcrop along a 1,500 metre east-west trend including
three outcrops of massive (+50%) to semi-massive (+25%) pyrite-chalcopyrite-pyrrhotite
sulphides;
Sixteen (16) saw cut, continuous channel samples of sulphide mineralization collected
and submitted for gold and base metal analysis;
Multiple, fine-grained pegmatite outcrops similar to those described elsewhere in the
district that have been confirmed as lithium-cesium-tantalum pegmatites, prospective for
Li
2
O;
Nine (9), saw cut, continuous channel samples of pegmatite collected and submitted for
analysis;
Confirmed limits of Root Bay Pluton, a peraluminous quartz-mica granite intrusion that
may be the source for LCT pegmatites to the west, and;
Confirmed road access throughout the entire property in advance of 2023 field programs.
Reconnaissance mapping and sampling at Surge has identified multiple pegmatite outcrops on trend to
known lithium-cesium-tantalum ("LCT") type pegmatites reported on the adjacent Root Property owned
by Green Technology Metals Ltd. ("GT1"). GT1 has identified LCT pegmatites over an inferred 10
kilometre, east-west trend, parallel to the St. Joseph Fault ("SJF"), a regional geological break between
the Uchi and English River geological sub-provinces. The SJF bisects the Surge property, extending for
over 9.0 kilometres across the northern part of the claims (Ref. Figure 1).
GT1 is currently drilling to increase the McCombe lithium deposit, 14 kilometres to the west of Surge,
with a historical resource of
2.3 million tonnes averaging 1.3% Li
2
O
(REF Ontario Geological Survey
Open File Report 6180 (2006) Table 14 - page 46)
. The objective of GT1's current drilling program is to
expand the McCombe resource. In a press release dated November 22, 2022, GT1 reported a number
of drill intercepts, including
8.0 metres averaging 1.72% Li
2
O.
GT1 also indicated LCT pegmatites that
extend for over 300 metres at Root Bay, approximately 2.0 kilometres west of the Surge property, with
grab samples assaying up to
2.4% Li
2
O
.
The reconnaissance program also identified anomalous pyrite, chalcopyrite and pyrrhotite sulphide
mineralization coincident with the interpreted location of the SJF in the northern portion of the claims
(Ref. Figures 1, 2 and 3). Outcrops define a 1,500 metre long, east-west outcrop trend, including a 150-
metre interval of massive (+50%) to semi-massive (+25%) sulphides isolated in three separate
outcrops. This sulphide trend was not identified in any filed assessment reports for the area and is
interpreted to represent a "new" occurrence.
Wes Hanson, P.Geo., President and CEO of Xplore, notes, "We are very pleased with out initial
reconnaissance mapping which not only identified pegmatite outcrops but also isolated a zone of
massive to semi-massive sulphide mineralization associated with a major, regional-scale structural
break. That's never a bad thing, particularly when identified by maiden reconnaissance mapping of an
area. The observed pegmatites are descriptively similar to the confirmed LCT pegmatites at Root Bay,
2.0 kilometres to the west. We currently interpret the central, peraluminous, quartz-mica rich granitic
intrusion dominating the center of the claims to be an ideal source for LCT pegmatite development. The
discovery of massive to semi-massive sulphides is a very interesting and unexpected development
offering a second, compelling exploration target within the Surge block. The massive sulphides are
hosted within iron formations. Our field team confirmed that there is an extensive network of recent
logging roads and trails providing excellent road access throughout the Surge claim block and the
logging operations have increased outcrop exposure. Overall, this initial look at the Surge property is
very encouraging, so much so that it has been elevated to become our primary exploration focus for
2023. Our plan is to mobilize field teams in the spring to identify and evaluate the lithium potential as well
as well as potential for gold and/or base metals possibly associated with the massive to semi-massive
sulphides discovered to the north parallel to the St. Joseph fault."
Figure 1.0 - Surge Regional Geology with 2022 Reconnaissance Discoveries
To view an enhanced version of Figure 1.0, please visit:
https://images.newsfilecorp.com/files/7519/147039_2fca11e8e4ca691a_002full.jpg
Figure 2.0 Surge - First Vertical Derivative with Priority Targets and Sulphide Trend
To view an enhanced version of Figure 2.0, please visit:
https://images.newsfilecorp.com/files/7519/147039_2fca11e8e4ca691a_003full.jpg
The Company's recently completed high resolution airborne magnetic survey identified three priority
targets in the northern part of the claim group:
T1 west of the recent sulphide trend, is interpreted to represent possible folded strata. The discovery of
the sulphide trend to the east only enhances T1 as a priority target for follow up field work.
The T2 and T3 targets are both interpreted to be either splay structures originating from the SJF or an
intersection of E-W structures with the SJF. Regardless, both targets are of greater interest with the
discovery of the sulphide trend to the west.
Exploration in 2023 shall focus on confirming the northern and western limit of the peraluminous granite
and concentrating the search for LCT type pegmatites outboard from that defined contact. Analytical
results from the initial sampling of the sulphide trend will determine the priority of the T1-3 target areas.
Figure 3.0 Surge - Massive Sulphide from Outcrop
To view an enhanced version of Figure 3.0, please visit:
https://images.newsfilecorp.com/files/7519/147039_2fca11e8e4ca691a_004full.jpg
About Xplore Resources (TSXV: XPLR)
Xplore Resources is a Toronto based exploration company listed on the TSX Venture Exchange under
symbol XPLR and is focused on the acquisition and development of lithium, copper and gold projects in
the Americas. The Company is led by a highly experienced management team and is comprised of
industry experts with executive and senior management experience.
Qualified Person
Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Provinces of Ontario is the
"Qualified Person" under
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101")
and is responsible for the technical contents of this news release and has approved the
disclosure of the technical information contained herein.
ON BEHALF OF THE BOARD
"Wesley C. Hanson"
President & CEO
For further information, please contact:
Phone: +1 647-202-7686
Email:
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Notice on forward-looking statements:
Information set forth in this news release contains forward-looking statements. These statements
reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees
of future performance. Xplore cautions that all forward-looking statements are inherently uncertain,
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. Accordingly,
actual, and future events, conditions and results may differ materially from the estimates, beliefs,
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