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Discovery Lithium Inc. Announces Results of the 2024 Fall Exploration Program in Eeyou Istchee James Bay Region and Identification of LCT Pegmatite Geochemical Signature on Cirrus East and Bruce Lake Properties

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Discovery Lithium Inc. (DCLIF) has announced results from its 2024 Fall exploration program in the Eeyou Istchee James Bay region. The company identified promising LCT pegmatite signatures on its Bruce Lake and Cirrus East properties, with fifteen samples showing favorable K/Rb ratios below 100 and Ta2O5 values up to 82 ppm on Cirrus East.

At Bruce Lake, adjacent to Q2 Metals' Mia Lithium project, three pegmatite dykes up to three meters wide were discovered, containing quartz, feldspar, garnet, and muscovite. The Cirrus East Project, located near Finn Resources' White Bear spodumene-bearing pegmatite, yielded 24 pegmatite samples, with six showing significant indicators of LCT mineralization.

Additional discoveries include orogenic gold mineralization in quartz veins on the Mantle and Opus properties, with samples returning up to 0.66 g/t gold, and a volcanic massive sulfide signature on the Mantle Property containing 0.56% Zinc. The company has completed airborne magnetic surveys and digital elevation modeling to support future exploration targeting.

Discovery Lithium Inc. (DCLIF) ha annunciato i risultati del suo programma di esplorazione autunnale 2024 nella regione di Eeyou Istchee James Bay. L'azienda ha identificato promettenti firmware LCT pegmatite nelle sue proprietà Bruce Lake e Cirrus East, con quindici campioni che mostrano rapporti K/Rb favorevoli sotto 100 e valori di Ta2O5 fino a 82 ppm su Cirrus East.

Presso Bruce Lake, adiacente al progetto Mia Lithium di Q2 Metals, sono state scoperte tre dykes pegmatitici fino a tre metri di larghezza, contenenti quarzo, feldspato, granato e moscovite. Il progetto Cirrus East, situato vicino al pegmatite contenente spodumene White Bear di Finn Resources, ha fornito 24 campioni di pegmatite, sei dei quali mostrano indicatori significativi di mineralizzazione LCT.

Ulteriori scoperte includono mineralizzazione aurifera orogenica in vene di quarzo nelle proprietà Mantle e Opus, con campioni che restituiscono fino a 0,66 g/t di oro, e una firma di solfuri massivi vulcanici nella proprietà Mantle contenente lo 0,56% di zinco. L'azienda ha completato indagini magnetiche aeree e modelli digitali di elevazione per supportare la futura esplorazione.

Discovery Lithium Inc. (DCLIF) ha anunciado los resultados de su programa de exploración de otoño 2024 en la región de Eeyou Istchee James Bay. La compañía identificó prometedoras firmas de pegmatita LCT en sus propiedades Bruce Lake y Cirrus East, con quince muestras que muestran razones K/Rb favorables por debajo de 100 y valores de Ta2O5 de hasta 82 ppm en Cirrus East.

En Bruce Lake, adyacente al proyecto Mia Lithium de Q2 Metals, se descubrieron tres diques de pegmatita de hasta tres metros de ancho, que contienen cuarzo, feldespato, granate y moscovita. El Proyecto Cirrus East, ubicado cerca de la pegmatita que contiene espodumeno White Bear de Finn Resources, arrojó 24 muestras de pegmatita, de las cuales seis mostraron indicadores significativos de mineralización LCT.

Descubrimientos adicionales incluyen mineralización de oro orogénico en vetas de cuarzo en las propiedades Mantle y Opus, con muestras que devuelven hasta 0,66 g/t de oro, y una firma de sulfuros masivos volcánicos en la propiedad Mantle que contiene un 0,56% de zinc. La empresa ha completado encuestas magnéticas aéreas y modelado de elevación digital para respaldar la futura exploración.

Discovery Lithium Inc. (DCLIF)는 Eeyou Istchee James Bay 지역에서 2024년 가을 탐사 프로그램의 결과를 발표했습니다. 이 회사는 Bruce Lake 및 Cirrus East 자산에서 유망한 LCT 페그마타이트 서명을 확인했으며, 15개의 샘플에서 100 미만의 유리 K/Rb 비율과 Cirrus East에서 최대 82 ppm의 Ta2O5 값을 보여주었습니다.

Bruce Lake에서는 Q2 Metals의 Mia Lithium 프로젝트 인근에서 최대 3미터 너비의 3개의 페그마타이트 다이크가 발견되었으며, 이들은 석영, 장석, 가넷 및 뮤스코바이트를 포함하고 있습니다. Finn Resources의 White Bear 스포듐네이트가 포함된 페그마타이트 근처에 위치한 Cirrus East 프로젝트는 24개의 페그마타이트 샘플을 제공했으며, 이 중 6개는 LCT 광물화의 중요한 지표를 보여주었습니다.

추가 발견으로는 Mantle 및 Opus 자산의 석영 vein에서의 오로겐 금 광물화가 포함되며, 샘플에서 최대 0.66 g/t의 금이 반환되었고, Mantle Property에서는 0.56% 아연을 포함하는 화산성 대량 황화물 서명이 발견되었습니다. 이 회사는 향후 탐사 목표를 지원하기 위해 공중 자기 조사와 디지털 고도 모델링을 완료했습니다.

Discovery Lithium Inc. (DCLIF) a annoncé les résultats de son programme d'exploration d'automne 2024 dans la région d'Eeyou Istchee James Bay. La société a identifié des signatures de pegmatite LCT prometteuses sur ses propriétés Bruce Lake et Cirrus East, avec quinze échantillons montrant des rapports K/Rb favorables inférieurs à 100 et des valeurs de Ta2O5 allant jusqu'à 82 ppm sur Cirrus East.

À Bruce Lake, adjacent au projet Mia Lithium de Q2 Metals, trois dyke de pegmatite allant jusqu'à trois mètres de large ont été découverts, contenant du quartz, du feldspath, du grenat et de la muscovite. Le projet Cirrus East, situé près de la pegmatite contenant spodumène White Bear de Finn Resources, a donné 24 échantillons de pegmatite, dont six montrent des indicateurs significatifs de minéralisation LCT.

D'autres découvertes incluent minéralisation aurifère orogénique dans des veines de quartz sur les propriétés Mantle et Opus, avec des échantillons restituant jusqu'à 0,66 g/t d'or, et une signature de sulfure massif volcanique sur la propriété Mantle contenant 0,56 % de zinc. L'entreprise a complété des enquêtes magnétiques aériennes et une modélisation numérique de l'élévation pour soutenir les futures cibles d'exploration.

Discovery Lithium Inc. (DCLIF) hat die Ergebnisse seines Explorationsprogramms für den Herbst 2024 in der Region Eeyou Istchee James Bay bekannt gegeben. Das Unternehmen identifizierte vielversprechende LCT-Pegmatit-Signaturen auf seinen Grundstücken Bruce Lake und Cirrus East, wobei fünfzehn Proben günstige K/Rb-Verhältnisse von unter 100 und Ta2O5-Werte von bis zu 82 ppm auf Cirrus East aufwiesen.

In Bruce Lake, angrenzend an das Mia-Lithium-Projekt von Q2 Metals, wurden drei Pegmatitgänge mit einer Breite von bis zu drei Metern entdeckt, die Quarz, Feldspat, Granat und Muskovit enthalten. Das Cirrus East-Projekt, das sich in der Nähe des spodumenhaltigen Pegmatits White Bear von Finn Resources befindet, lieferte 24 Pegmatitproben, von denen sechs signifikante Indikatoren für LCT-Mineralisierung zeigten.

Zusätzliche Entdeckungen umfassen orogene Goldmineralisierung in Quarzadern auf den Grundstücken Mantle und Opus, wobei Proben bis zu 0,66 g/t Gold zurückgaben, sowie eine vulkanische massive Sulfid-Signatur auf der Mantle-Property, die 0,56% Zink enthält. Das Unternehmen hat Luftmagnetfelduntersuchungen und digitale Höhenmodellierungen abgeschlossen, um zukünftige Explorationsziele zu unterstützen.

Positive
  • Identification of LCT pegmatite signatures on two properties with favorable K/Rb ratios
  • Discovery of gold mineralization up to 0.66 g/t on Mantle Property
  • Strategic location near existing lithium projects (Q2 Metals' Mia Lithium and Finn Resources' White Bear)
  • Successful completion of airborne magnetic surveys for future targeting
Negative
  • Gold grades reported are relatively low (<1 g/t)
  • Pegmatite dykes at Cirrus East are to 2 meters in thickness
  • No lithium grades or spodumene mineralization reported yet

VANCOUVER, BC / ACCESS Newswire / March 20, 2025 / Discovery Lithium Inc. ("Discovery" or the "Company") (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN:A3EFKA), a Canadian exploration company advancing domestic energy freedom through regional lithium discovery, is pleased to announce the results of its 2024 Fall exploration program on its properties in the Eeyou Istchee James Bay region. These eight properties (Figure 1), acquired earlier in 2024 (see press releases dated June 6 and August 14, 2024), were targeted for their lithium-cesium-tantalum (LCT) pegmatite potential.

Highlights

  • Identification of an LCT pegmatite geochemical signature on the Bruce Lake and Cirrus East properties, with fifteen sample returning favorable K/Rb ratios (<100) on the two properties and Ta2O5 values up to 82 ppm on Cirrus East.

  • Orogenic gold mineralization identified in quartz veins on the Mantle and Opus properties, with two samples returning 0.30 and 0.66 g/t on the Mantle Property and one sample of 0.12 g/t Au on the Opus Property.

  • Volcanic massive sulfide (VMS) base metal signature identified on the Mantle Property, including a sample containing 0.56% Zn.

Cirrus East and Bruce Lake Pegmatites

The Bruce Lake Property is adjacent to Q2 Metals' Mia Lithium project. During the 2024 Fall program, three pegmatite samples were collected from the western portion of the Bruce Lake Property (Figure 2). These pegmatites form dykes up to three meters wide and contain quartz, feldspar, garnet, and muscovite. The dykes are injected into the granodiorite of the Duncan Suite, indicating a favorable lithology for hosting LCT pegmatites, in addition to the volcanic rocks of the Yasinski Group. The three sampled pegmatite dykes returned favorable K/Rb ratios (<62), linking them to a highly differentiated magma, characteristic of LCT pegmatites.

The Cirrus East Project is located three kilometers west of Finn Resources' White Bear spodumene-bearing pegmatite. During the 2024 Fall program, 24 pegmatite samples were collected, six of which returned K/Rb ratios below 50, Cs2O values exceeding 100 ppm, and/or Ta2O5 values over 30 ppm (Table 1). The pegmatite dykes are sub-horizontal with a maximum thickness of two meters. In addition to coarse-grained quartz and feldspar, the pegmatites contain biotite, garnet, and, in some cases, muscovite and beryl. In addition to the previously mentioned samples, seven pegmatite dykes exhibited favorable K/Rb ratios (between 50 and 100), indicating a highly fractionated magma, characteristic of LCT pegmatites, and were predominantly concentrated in the eastern portion of the property (Figure 3).

The identification of LCT pegmatites on the Bruce Lake and Cirrus East properties marks a significant milestone for the Company. Further exploration is planned to assess the lithium mineralization potential of these properties.

Table 1. Table results for Cirrus East Property

Property

Sample #

Li2O (ppm)

Cs2O (ppm)

Ta2O5 (ppm)

K/Rb

Cirrus East

D00297067

<22

101

82

80

Cirrus East

D00297066

<22

209

79

37

Cirrus East

D00297104

<22

50

44

57

Cirrus East

D00297105

<22

32

30

49

Cirrus East

D00297037

<22

118

22

72

Mantle Gold and Base Metal

The Mantle Property is located within the same volcano-sedimentary greenstone belt as the Mia Lithium Project. A total of 44 samples were collected during the 2024 Fall exploration program, with two samples returning promising gold and bismuth values and one sample showing anomalous zinc content (Table 2).

The gold-bearing samples were collected from 50 cm quartz veins containing disseminated sulfides, including pyrite and galena, injected into mafic volcanic rocks. These veins are consistent and traceable over 50 meters at surface. The zinc-bearing sample was collected from a 50 cm-thick horizon with disseminated pyrite and sphalerite, which extends over 60 meters along strike at surface.

Results from the regional prospecting campaign on the Mantle Property indicate potential for additional orogenic gold and volcanogenic massive sulfide (VMS) mineralization.

Table 2. Table of results for Mantle Property

Property

Sample #

Au (g/t)

Bi (ppm)

Pb (ppm)

Ag (ppm)

Zn (ppm)

Mantle

D00297559

0.067

2.8

66

1

5624

Mantle

D00297567

0.30

1000

1189

39

<5

Mantle

D00297652

0.66

<0.1

<5

2

12

Other properties

On the Opus Property, sample D00297137 returned 0.12 g/t Au from a deformation zone within basalt containing disseminated pyrite.

On the Neptune Property, a two-meter-wide pegmatite dyke was identified containing molybdenite, biotite, and tourmaline. Assay results confirmed 0.64% Mo.

Airborne magnetic data acquisition

Airborne magnetic surveys were conducted over the properties to map subsurface structures and lithological variations. This technique is a cornerstone in mineral exploration, aiding in the identification of faults, fold structures, and potential mineralized zones. The data will be integrated into future exploration targeting.

Digital elevation model and imagery data acquisition

High-resolution digital elevation models (DEMs) and imagery were collected to support geological mapping and logistical planning. These tools enhance field interpretations and improve the precision of exploration activities in the James Bay Area and have proved to help successfully target mineral deposits.

Next Steps

Discovery Lithium Inc. is encouraged by the results of its 2024 Fall exploration program. The identification of LCT pegmatite geochemical signatures and promising gold and base metal mineralization underscores the potential of the Company's properties. Future exploration programs will focus on further delineating these targets, with an emphasis on lithium-bearing pegmatites and precious and base metal occurrences.

On behalf of the Board of Directors,

Mike Hodge
President & Chief Executive Officer

Qualified Person

The technical content of this news release has been prepared by Jonathan Marleau, P. Geo. (OGQ # 2277), from Dahrouge Geological Consulting Ltd. who is not an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. M. Marleau participated in the 2024 Fall exploration program of Discovery Lithium.

About Discovery Lithium (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN:A3EFKA)

Discovery Lithium Inc. is a Canadian exploration company focused on advancing mineral resource projects in North America. The Company holds a 100% interest in 1,675 mineral claims in Serindac Lake and 2,113 mineral claims in Vaubert Lake for a combined total of approximately 164,283 hectares (~405,952 acres) located in the Nunavik region of Northern Quebec, and with a further total of 303 mineral claims comprising approximately 16,392 hectares (~40,505.5 acres) identified as the Route De Nord, Lac Belanger, Lac Ferland and Lac Roberston properties located across the northern and eastern regions of Québec including the prolific lithium district of the James Bay region. Additionally, the Company is actively advancing its ESN Project for gold exploration in Nevada and evaluating the Koster Dam Project in Central British Columbia through a joint venture with Cariboo Rose Resources. Find out more at: www.discoverylithium.com and follow us on X (formerly twitter), Facebook, and LinkedIn.

For further information, please contact:

Discovery Lithium Inc.

1450 - 789 West Pender Street,
Vancouver, BC Canada V6C 1H2
Telephone: +1 (778) 868-2226
Email: info@discoverylithium.com
Web: www.discoverylithium.com

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information in this news release includes, but is not limited to, statements regarding the Opus, Radisson, Mantle, Neptune, Cirrus East, Cirrus West, Alto and Bruce Lake properties (the "Claims"), including the Company's plans and expectations regarding the Claims, the potential presence of LCT pegmatites or spodumene on or around the Claims and other statements regarding the Company's future business plans and objectives. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

Cautionary Statement Regarding Third-Party Information. The Company notes that information regarding the Mia Lithium project and White Bear pegmatite has been sourced from publicly available materials and has not been independently verified. The Company makes no representations as to the accuracy or completeness of this third-party information and investors are cautioned not to place undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

Figure 1: Map of the Discovery Lithium James Bay Projects
Figure 2 Map of the K/Rb ratio of the Bruce Lake Property
Figure 3 Map of the K/Rb ratio of the Cirrus East Property

SOURCE: Discovery Lithium Inc.



View the original press release on ACCESS Newswire

FAQ

What significant mineral discoveries did DCLIF make in its 2024 Fall exploration program?

DCLIF discovered LCT pegmatite signatures on Bruce Lake and Cirrus East properties, with 15 samples showing favorable K/Rb ratios (<100), gold mineralization up to 0.66 g/t, and a VMS signature with 0.56% Zinc on the Mantle Property.

How wide are the pegmatite dykes discovered at DCLIF's Bruce Lake property?

The pegmatite dykes at Bruce Lake Property are up to three meters wide, containing quartz, feldspar, garnet, and muscovite.

What were the key findings at DCLIF's Cirrus East Project?

At Cirrus East, 6 out of 24 pegmatite samples showed K/Rb ratios below 50, Cs2O values over 100 ppm, and Ta2O5 values exceeding 30 ppm, indicating potential LCT mineralization.

What exploration technologies is DCLIF using for their James Bay properties?

DCLIF is using airborne magnetic surveys and high-resolution digital elevation models (DEMs) for geological mapping and exploration targeting.
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