Xplore Resources Identifies Priority Targets for Upcoming Drill Program at Surge Lithium Project, Ontario
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Xplore Resources Identifies Priority Targets for Upcoming Drill
Program at Surge Lithium Project, Ontario
VANCOUVER, BC, November 14, 2024 – Xplore Resources Corp. (TSX-V: XPLR) (“Xplore” or the
“Company”) is pleased to announce the completion of its surface exploration program, leading to the
identification of new drill targets at its flagship Surg e Lithium project. Located in the rapidly developing
Root lithium district in northwest Ontario, the project benefits from new Lidar and geological data gathered
this summer and sits strategically adjacent to Green Technology Metals’ Root Bay Project, where ongoing
exploration continues to deliver strong results.
News Highlights
Rapid Growth Along the Root Bay Trend Immedi ately Adjacent to Xplore’s Surge Project.
The Root lithium area has experienced rapid grow th, with the Root Bay project owned by Green
Technology Metals boasting a 10.1 Mt at 1.29% Li 2O JORC Resource .1 Recent encouraging
results from a 14,000 m ongoing drilling campaign on the project have been reported, including:
o 17.3 meters at ~30% spodumene in drill hole RB-24-002
o 16.3 meters at ~28% spodumene in drill hole RB-24-0011
Further drilling by Green Technology Metals is planned near the boundary shared with Xplore’s
Surge property, following promising lithium intersections within 25 m to the property line.
Surge Project Located Along 10 km of the Root Bay Lithium Trend. Drilling results reported
by Green Technology Metals for their R oot Bay East project area include 23.3 m of 1.16% Li 2O
(RBE-23-007), 10.5 m of 1.08% Li2O (RBE-23-008), and 11.7 m of 1.12% Li2O (RBE-23-009)1
(Figures 1 and 2). These three holes are within 50 m of the Surge property boundary. The Surge
property is situated along the eastern extension of the Root Bay – Root Bay East trend, covering
approximately 10 km of prospective geology.
New Data Refines Drill Targets for Upcoming Program. Recent exploration on the Surge
property, including a targeted airborne Lidar su rvey, mapping and ground prospecting, has been
instrumental in revealing additional structures a nd outcrops. Xplore is now finalizing plans to
commence drilling, focusing on priority areas targeting the extension of known mineralized zones
at the property boundary with Green Technology Me tals. Further details on the drill program will
be announced in the coming weeks.
Dominic Verdejo, Chief Executive O fficer of the Company commented, “With targets for our upcoming
program as close as 25 m from Green Technology Metals’ latest discovery at Root Bay East, we are excited
to commence drilling. Our neighbour ’s rapid transition from discovery to a significant resource sets a
fantastic precedent that Xplore aims to follow as we fast-track our drill program at the Surge Project.
Starting with a series of high-priority targets, our g oal is to reveal the vast, yet-to-be-tapped potential
contained within our 10 km of prospective trend.”
1 Green Technology Metals News Release dated November 12, 2024
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Figure 1. Xplore’s Surge Lithium Project area showing drill targets, nearby projects and deposits.
Figure 2. Annotated drone photo taken near Xplore’s Sur ge Project boundary with Green Technology
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Metals Root Project (looking east). Annotations s how the location of recent drilling by Green Technology
Metals with lithium drill results as close as 25 m from the Surge property boundary.
Qualified Person
The technical content of this news release has been reviewed and approved by Karly Oliver, P.Geo., director
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
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.
For further information, please contact:
ON BEHALF OF THE BOARD
Dominic Verdejo, Chief Executive Officer
For further information, please contact:
Phone: +1 604-678-5308
Email: [email protected]
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