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Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) is a junior mining exploration company focused on acquiring world-class mineral projects. The company's Jackpot lithium property, situated in Georgia Lake, Ontario, is strategically located with access to key infrastructure. Recent drilling programs have revealed significant near-surface mineralization, expanding the potential resource base of the property. The ongoing exploration efforts aim to delineate new spodumene-bearing pegmatite zones across the extensive land package, enhancing the overall value and prospects of the project.
Imagine Lithium (ARXRF) has reported results from its fall 2024 diamond drill program at the Jackpot lithium project in Ontario. Key findings at the Casino Royale Zone include intersections of 1.08% Li2O over 11.50m and 0.81% Li2O over 8.80m. The company also announced a new discovery in the 500 Zone Extension, with channel samples showing 1.61% Li2O over 7.80m.
The 2024 field season included extensive geological mapping covering 2,100 ha, with collection of 127 surface grab samples, 908 soil samples, and 499 biogeochemical spruce tip samples. The company has completed 45,722m of drilling in 305 holes since 2018. The project currently has a Mineral Resource inventory of 3.1 Mt indicated (0.85% Li2O) and 5.3 Mt inferred (0.91% Li2O).
A new spodumene pegmatite dike was discovered north of Casino Royale Zone, exposed over 480m with grab samples ranging between 1.13% and 2.63% Li2O.
Imagine Lithium (TSXV: ILI) (OTCQB: ARXRF) has filed an independent NI 43-101 Technical Report supporting the previously announced Mineral Resource Estimate for its Jackpot Lithium Property. The report, prepared by P&E Mining Consultants Inc., is now available on the company's website and SEDAR+. Eugene Puritch, P.Eng., FEC, CET, President of P&E, serves as the independent Qualified Person for the report.
This filing follows the initial announcement of the Mineral Resource Estimate on September 03, 2024, and provides detailed technical information about the Jackpot Property's lithium resources. The report's availability on public platforms ensures transparency and allows investors and stakeholders to access comprehensive data about the property's potential.
Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) has announced an initial NI 43-101 compliant lithium Mineral Resource Estimate (MRE) for its Jackpot Property near Nipigon, Ontario. The MRE includes:
- Indicated resources of 3.1 Mt at 0.85% Li2O, containing 26.2 kt of Li2O
- Inferred resources of 5.3 Mt at 0.91% Li2O, containing 49.5 kt of Li2O
The project benefits from excellent infrastructure, including proximity to power sources, the Town of Nipigon, and shipping access via the Great Lakes. The Casino Royale zone remains open in all directions, offering expansion potential. Metallurgical tests achieved up to 81.5% Li2O recovery.
Imagine Lithium reported a significant lithium-bearing drill intersection at its Jackpot Project in Ontario. Key results include 0.92% Li2O over 35.10m in hole JP-24-31, with higher concentrations in specific intervals. This extends the Jackpot Main Zone by 200m west. The winter 2024 program drilled 6,170m across 40 diamond drillholes. New spodumene-bearing pegmatite dykes were discovered, indicating further potential for lithium resources. The fall drill program will focus on the Casino Royale and NW Zones. An NI 43-101 mineral resource estimate will be published in 2024. Existing infrastructure improves project economics.
Imagine Lithium Inc. reports intersecting 18.90m of 1.02% Li2O at the newly discovered Casino Royale zone near the Jackpot Main zone. The Jackpot lithium project in Ontario shows promising results, expanding resources with multiple mineralized intersecting zones. The company's potential is evident through successful drilling campaigns and the expectation of a mineral resource estimate in 2024, supported by existing infrastructure.