Champion Electric Commences 2024 Phase II Drilling at Quebec Lithium Project, James Bay Territory
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has commenced Phase II drilling at its Quebec Lithium Project in the James Bay territory. The program aims to drill up to 1,500 metres to further test spodumene-bearing pegmatite dikes identified in Phase I drilling and recent trench exposures. Initial drilling will focus on a 700-metre segment of a 1,700-metre glacial dispersal train of spodumene-bearing boulders.
The company has collected 157 systematic channel samples from twelve trenches, 9 outcrop samples, 46 float samples, and 51 till samples across the Western Prospect. A 50 kg sample of spodumene mineralization will be collected for metallurgical testing. Analytical results from surface sampling are expected to start arriving in early September.
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) ha iniziato la perforazione della Fase II presso il suo Progetto Litio in Quebec, nel territorio di James Bay. Il programma prevede la perforazione di fino a 1.500 metri per testare ulteriormente i dossi di pegmatite contenenti spodumene identificati nella perforazione della Fase I e nelle recenti esposizioni in trincea. La perforazione iniziale si concentrerà su un segmento di 700 metri di un treno di dispersione glaciale di boulders contenenti spodumene di 1.700 metri.
L'azienda ha raccolto 157 campioni sistematici di canale da dodici trincee, 9 campioni di affioramenti, 46 campioni di galleggiamento e 51 campioni di till in tutta la Prospettiva Occidentale. Un campione di 50 kg di mineralizzazione di spodumene sarà raccolto per i test metallurgici. I risultati analitici dei campioni di superficie dovrebbero iniziare ad arrivare all'inizio di settembre.
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) ha comenzado la perforación de Fase II en su Proyecto de Litio en Quebec, en el territorio de James Bay. El programa tiene como objetivo perforar hasta 1.500 metros para probar más a fondo los diques de pegmatita que contienen spodumene identificados en la perforación de Fase I y las exposiciones recientes en zanjas. La perforación inicial se centrará en un segmento de 700 metros de una traza de dispersión glaciar de bloques de spodumene de 1.700 metros.
La compañía ha recolectado 157 muestras de canal sistemáticas de doce zanjas, 9 muestras de afloramiento, 46 muestras flotantes y 51 muestras de till a lo largo de la Prospección Occidental. Se recogerá una muestra de 50 kg de mineralización de spodumene para pruebas metalúrgicas. Se espera que los resultados analíticos de las muestras de superficie comiencen a llegar a principios de septiembre.
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF)는 2단계 시추를 시작했습니다 퀘벡 주 제임스 베이 지역의 리튬 프로젝트에서. 이 프로그램은 1,500 미터까지 시추하여 1단계 시추 및 최근 트렌치 노출에서 확인된 스포듐네 광물 사암 다이크를 추가로 테스트하는 것을 목표로 하고 있습니다. 초기 시추는 1,700 미터의 스포듐네 암석 조각의 빙하 분산 트레인 중 700미터 구간에 집중할 것입니다.
회사는 서부 탐사를 통해 12개의 트렌치, 9개의 노출 샘플, 46개의 부유 샘플 및 51개의 틸 샘플에서 157개의 체계적인 채널 샘플을 수집했습니다. 금속 테스트를 위해 50 kg 샘플의 스포듐네 광물이 수집될 예정입니다. 표면 샘플링으로부터의 분석 결과는 9월 초에 도착할 것으로 예상됩니다.
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) a commencé la forage de Phase II sur son projet de lithium au Québec, dans le territoire de James Bay. Le programme vise à forer jusqu'à 1.500 mètres pour tester davantage les dykes de pegmatite contenant du spodumène identifiés lors de la forage de Phase I et dans les récentes expositions de tranchées. Le forage initial se concentrera sur un segment de 700 mètres d'un train de dispersion glaciaire de blocs contenant du spodumène de 1.700 mètres.
La société a collecté 157 échantillons de canaux systématiques provenant de douze tranchées, 9 échantillons de surface, 46 échantillons de flottation et 51 échantillons de till dans l'ensemble de la perspective occidentale. Un échantillon de 50 kg de minéralisation de spodumène sera collecté pour des tests métallurgiques. Les résultats analytiques des échantillons de surface devraient commencer à arriver début septembre.
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) hat mit der Phase-II-Bohrung begonnen bei seinem Lithiumprojekt in Quebec im James-Bay-Gebiet. Das Programm zielt darauf ab, bis zu 1.500 Meter zu bohren, um weitere Tests der in der Phase-I-Bohrung identifizierten Spodumen-haltigen Pegmatit-Dikes und der aktuellen Grabenausbrüche durchzuführen. Die anfänglichen Bohrungen konzentrieren sich auf ein 700-Meter-Teilstück eines 1.700 Meter großen Gletscherrückens von Spodumen-haltigen Blöcken.
Das Unternehmen hat 157 systematische Kanalsamples aus zwölf Gräben, 9 Aufschlussproben, 46 Schwimmproben und 51 Tillproben im gesamten westlichen Projektgebiet gesammelt. Eine 50 kg Probe von Spodumen-Mineralisierungen wird für metallurgische Tests gesammelt. Die analytischen Ergebnisse der Oberflächenproben werden voraussichtlich Anfang September eintreffen.
- Commencement of Phase II drilling program up to 1,500 metres
- Extensive sampling program with 157 channel samples, 55 outcrop/float samples, and 51 till samples collected
- 50 kg sample of spodumene mineralization to be collected for metallurgical testing
- Analytical results from surface sampling expected to start arriving in early September
- None.
Toronto, Ontario--(Newsfile Corp. - August 26, 2024) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") is pleased to announce commencement of core drilling at the Western Prospect of the Quebec Lithium Project in the heart of the Eeyou Istchee James Bay territory (see Fig. 1).
The Company plans to drill up to 1,500 metres in the 2024 Phase II program to further test spodumene-bearing pegmatite dikes intersected in Phase I drill holes EIQ24-007 and -008 and identified in recent trench exposures (see Figure 2). Initial drilling will focus on a 700 metre-long segment of the recently reported 1,700-metre glacial dispersal train of spodumene-bearing boulders. Additionally, the team will collect a 50 kg sample of spodumene mineralization in pegmatite for metallurgical testing. RJLL Drilling is the drilling contractor with on-site project supervision by GeoVector Management, Inc.
"In the 2024 field season, our geologists have collected 157 systematic channel samples from twelve trenches at the Western Prospect. Further, our exploration team has taken 9 outcrop and 46 float samples along with a further 51 till samples across the length of the tenement," commented President and CEO Jonathan Buick. "All surface samples have been submitted for laboratory analysis and we now transition to drill testing our exploration concepts. We anticipate positive analytical results from surface sampling starting in early September and continuing to the end of the year."
Image 1: First Drill Location during the Phase 2 core drilling program.
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Figure 1: Western Prospect Location, area of initial drilling and trenching outlined in yellow.
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Figure 2: Western Prospect - Planned DDH collars with trench and channel sample locations, DDH collars, and spodumene-bearing pegmatite boulders on LiDAR shaded relief map. Selected grab samples from boulders are annotated with Li2O%.
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Champion Electric invites shareholders, potential investors, and stakeholders to follow the Company's social media pages for ongoing photo updates of the spring field program.
Facebook: ChampionLTHM
Twitter/X: @Championlthm
LinkedIn: championelectricmetals
Sampling techniques and QA/QC
At the drill rig, the driller's helper places core samples into boxes, marking every 3 meters with wooden blocks. Once full, the boxes are wrapped with fiber tape and transported daily to the core shack. At the shack, technicians remove the tape, place the boxes on logging tables, and geologists align the core to display a cross-sectional view. They verify the distances marked on the wooden blocks and measure core meterage, labeling the boxes accordingly. RQD is measured and recorded by geologists or technicians, with any breaks under 10 cm noted and uploaded into the database.
Geologists use Geospark software to log lithological, alteration, mineralization, and structural data into the database. Samples, typically 1.0-1.5 meters outside mineralized areas, are selected, marked, and tagged. After logging, wet core photographs are taken, and the core is stored in racks until cutting. The core is then halved; one half is sent to the lab, and the other half is kept as a reference sample. The core box is then moved to outdoor storage.
For surface channel sampling, geologists collected samples from saw-cut channels in bedrock, recording locations with GPS. Samples were bagged, organized, and transported to Actlabs in Val d'Or, Quebec. Certified standards and blanks were inserted regularly as part of QA/QC protocols, with secure custody maintained until lab delivery.
Qualified Person
Dr. Eric Hebert, P.Geo., Senior Geological consultant, is a member (#0842) of the Ordre des Géologues du Québec (OGQ) and a qualified person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this press release.
Further, proximity to projects containing lithium resources offers no assurance that the rock types or resources reported by Patriot Battery Metals, Winsome, and others will extend onto the Project; nor should such proximity be assumed to imply similarity to mineralization and results reported by other companies in the district.
About Champion Electric Metals Inc.
Champion Electric is a discovery-focused exploration company that is committed to advancing its highly prospective lithium properties in Quebec, Canada and cobalt properties in Idaho, United States. In addition, the Company owns the Baner gold project in Idaho County and the Champagne polymetallic project in Butte County near Arco.
The Company's shares trade on the CSE under the trading symbol "LTHM", on the OTCQB under the trading symbol "CHELF", and on the Frankfurt Stock Exchange under the symbol "1QB0". Champion Electric strives to be a responsible environmental steward, stakeholder and contributing citizen to the local communities where it operates, taking its social license seriously, employing local community members and service providers at its operations whenever possible.
ON BEHALF OF THE BOARD OF CHAMPION ELECTRIC
"Jonathan Buick"
Jonathan Buick, President and CEO
To learn more, please visit the Company's SEDAR profile at www.sedarplus.ca or the Company's corporate website at www.champem.com.
For further information, please contact:
Investor Relations and Communications
Phone: (416) 567-9087
Email: investors@champem.com
Cautionary Statements
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release. This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by management of the Company, including closing of the Transactions and the prospectivity of the Projects for lithium. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Projects are at an early stage of exploration, and the Company cautions that the qualified persons who have reviewed and approved this news release have not verified scientific or technical information produced by third parties,
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220917
FAQ
What is the scope of Champion Electric's 2024 Phase II drilling program at the Quebec Lithium Project?
How many samples has Champion Electric (CHELF) collected from the Western Prospect?
When does Champion Electric (CHELF) expect to receive analytical results from its surface sampling program?
What is the significance of the 700-metre segment mentioned in Champion Electric's (CHELF) drilling plans?
