Xplore Reports Surge Reconnaissance Results and Provides Update on Ontario Property Portfolio
Xplore Reports Surge Reconnaissance Results
and Provides Update on Ontario Property
Portfolio
Toronto, Ontario--(Newsfile Corp. - March 1, 2023) -
Xplore Resources Corp.
(TSXV: XPLR)
(
"Xplore
or "the Company"
), is pleased to report results from the initial reconnaissance mapping
of
the Surge Lithium Property ("Surge"), located approximately 110 kilometres northeast of Sioux Lookout,
Ontario.
Highlights
:
Trace element results suggest opportunity for lithium-cesium-tantalum ("LCT") type
pegmatites;
Key element ratios indicate favourable setting for LCT pegmatites;
Anomalous copper, zinc and nickel results associated with sulphide trend;
In Q4, 2022, the Company completed an initial reconnaissance mapping and sampling program at
Surge. The program was undertaken to evaluate access to and outcrop exposure within the Surge
property in advance of 2023 exploration budget preparation. Any outcrops of interest were sampled and
submitted for multi-element analyses.
A total of ten pegmatite outcrops were identified, five (5) of which were channel sampled. The identified
pegmatite outcrops were identified south of the St. Joseph Fault ("SJF"), on trend to known lithium-
cesium-tantalum ("LCT") pegmatites currently being drilled at the adjacent Root Property owned by
Green Technology Metals Ltd. ("GT1"). The St. Joseph Fault ("SJF"), which defines the regional
geological break between the Uchi and English River geological sub-provinces. These sub-provincial
breaks are considered prospective for LCT pegmatites, as demonstrated by GT1's recent reporting on
exploration results.
Trace element and element ratios from the five pegmatites sampled to date at Surge returned values
within the tolerances specified by Černý P. (1989) for fertile granites (Ref. Table 1.0). The reader is
cautioned that the limited data population may not be representative and further sampling and analysis is
strongly recommended.
Sample results were also returned for the 1,500 metre long, east-west striking zone of disseminated to
massive sulphide mineralization identified in eight (8) outcrops parallel to the SJF in the northern portion
of the property (Ref. Figure 1.0). A total of sixteen (16), saw cut channel samples were collected from
outcrop and submitted for analysis. Results identified anomalous copper, nickel and zinc mineralization
in 81% of the sample population with anomalous gold mineralization identified in 25% of the samples
submitted (Ref. Table 2.0).
Wes Hanson, P.Geo., President and CEO of Xplore, notes, "Our primary objective at Surge in 2022 was
to confirm access to the property and evaluate the surface exposure in advance of an exploration
program in 2023. I had no real expectations that sampling would return economic lithium values,
especially considering the limited coverage and the time of year. The fact that pegmatites were
observed and returned geochemical values suggesting potential for LCT type pegmatite formation is the
key takeaway from this limited sampling. More surprising was the strong sulphide mineralization
identified to the north and the sample results which indicate widespread, anomalous copper, zinc and
nickel values along the entire 1,500 metre trend identified to date. Tracing this system to the interpreted
structural intersections (T2 and T3) to the east and the possible folded strata (T1) to the west is a high
priority in 2023. In addition, the 1,000 metre wide zone of magnetic destruction east and adjacent to
target T1 (Ref. Figure 2.0) remains unexplained as this area was inaccessible due to unsafe ice
conditions. This is an intriguing response in the magnetic survey, warranting field verification. I am
encouraged by these initial results and cautiously optimistic that Surge offers discovery potential for LCT
type pegmatites, similar to those discovered to the west, as well as opportunity for copper and nickel
mineralization as evidenced by the sulphide trend to the north. Our plan for 2023 is to focus on advancing
our lithium properties in 2023. As a result, we made the difficult decision to terminate the option
agreements on the Upper Red Lake and Pringle Lake Gold properties as we transition to a pure battery
metal focused junior explorer."
Figure 1.0 - Surge Regional Geology with 2022 Reconnaissance Discoveries
To view an enhanced version of this graphic, please visit:
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Figure 2.0 Surge - First Vertical Derivative with Priority Targets and Sulphide Trend
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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.
Table 1.0 -Multi-Element Analytical Summary - Surge Pegmatites
Trace
Element
Minimum
Maximum
Element
Ratios
Minimum
Maximum
Ba
21
206
K:Rb
127
199
Be
3.1
12.9
K:Cs
1239
7014
Cs
6.9
22.2
K:Ba
179
1173
Ga
14.7*
25.7
Rb:Sr
4.1
11
Li
8
24
Mg:Li
20
87.5*
Rb
98
267
Al:Ga
2887
4993*
Sn
1
9
Zr:Hf
10
23
Sr
32
56
Ti
50
200
Y
1.9*
5.8
Zr
<1
21
*Indicates result outside specification.
Table 2.0 - Multi-Element Analytical Summary - Surge Sulphide Trend
Element
Minimum
Maximum
Average
Au (ppb)
trace
48
5.9
Cu (ppm)
10.3
141
61.7
Ni (ppm)
6.2
103
57.7
Zn (ppm)
8.7
393
153.6
Analytical Description
Surface samples were collected from outcrop exposure utilizing a diamond saw. Samples were
delivered to Activation Laboratories Ltd. ("Actlabs"), Thunder Bay, ON. Canada, an ISO/IEC
17025:2017 certified analytical laboratory with extensive experience in geochemical analysis of
exploration samples. All sample preparation and analysis was completed at the Thunder Bay location
using the following analytical methods:
Ultratrace 3 Instrumental Neutron Activation Analysis (INAA)+ICP-OES and ICP-MS analyses by 4 acid
digestion
Ultratrace 7 Peroxide Total Fusion ICP-OES+ICP-MS for total metal recovery.
Quality Control and Quality Assurance
No quality control- quality assurance procedures were utilized during this reconnaissance field program.
Corporate
The Company announces the termination of the option agreements for the Upper Red Lake and Pringle
Lake properties to allow the Company to focus on their portfolio of lithium properties in Ontario and
Brazil as well as the 100% owned Valk copper property in British Columbia.
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 battery metal 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,
and that actual performance may be affected by a number of material factors, many of which are
beyond Xplore's control. Such factors include, among other things: risks and uncertainties relating to
Xplore's ability to complete the proposed Transaction; and other risks and uncertainties, including
those to be described in the Filing Statement to be filed by Xplore on
SEDAR.com
. Accordingly,
actual, and future events, conditions and results may differ materially from the estimates, beliefs,
intentions, and expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, Xplore undertakes no obligation to publicly update or
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