Grit Metals Samples 5.6% LI2O At Its Tarikko Pegmatite Prospect in Central Finland
Grit Metals (TSXV: FIN) has reported new high-grade lithium assay results from its Central Finland Lithium Project. The company highlighted a significant grab sample containing 5.60% Li2O at the Tarikko Prospect in the Koura Project. At Jylhä South-Southwest, multiple spodumene-bearing boulders were discovered, with samples assaying up to 2.46% Li2O.
The exploration program identified three new areas of spodumene-bearing pegmatite mineralization in the southern portion of the Jylhä license. At the Mörkylä Prospect, 15 large boulders containing visible spodumene were discovered over a 275-meter distance. The company's projects are located in the Kaustinen-Seinajoki region, known for LCT pegmatite deposits. Historical evidence suggests boulders are typically located within 300-500 meters of their source, indicating strong discovery potential.
Grit Metals (TSXV: FIN) ha riportato nuovi risultati di analisi di litio di alta qualità dal suo Progetto Litio della Finlandia Centrale. L'azienda ha evidenziato un campione significativo contenente 5.60% Li2O presso il Tarikko Prospect nel Progetto Koura. Al Jylhä Sud-Sudovest, sono stati scoperti diversi massi contenenti spodumene, con campioni che analizzano fino a 2.46% Li2O.
Il programma di esplorazione ha identificato tre nuove aree di mineralizzazione di pegmatite contenente spodumene nella parte meridionale della licenza Jylhä. Presso il Mörkylä Prospect, sono stati scoperti 15 grandi massi contenenti spodumene visibile su una distanza di 275 metri. I progetti dell'azienda si trovano nella regione di Kaustinen-Seinajoki, nota per i depositi di pegmatite LCT. Evidenze storiche suggeriscono che i massi si trovano tipicamente entro 300-500 metri dalla loro sorgente, indicando un forte potenziale di scoperta.
Grit Metals (TSXV: FIN) ha reportado nuevos resultados de análisis de litio de alta ley de su Proyecto de Litio en Finlandia Central. La empresa destacó una muestra significativa que contiene 5.60% Li2O en el Tarikko Prospect del Proyecto Koura. En Jylhä Sur-Suroeste, se descubrieron múltiples rocas con espodumena, con muestras que analizan hasta 2.46% Li2O.
El programa de exploración identificó tres nuevas áreas de mineralización de pegmatita que contienen espodumena en la porción sur de la licencia Jylhä. En el prospecto Mörkylä, se encontraron 15 grandes rocas con espodumena visible a lo largo de una distancia de 275 metros. Los proyectos de la empresa están ubicados en la región de Kaustinen-Seinajoki, conocida por sus depósitos de pegmatita LCT. La evidencia histórica sugiere que las rocas suelen encontrarse dentro de 300-500 metros de su fuente, lo que indica un fuerte potencial de descubrimiento.
Grit Metals (TSXV: FIN)는 핀란드 중부 리튬 프로젝트에서 고품질 리튬 분석 결과를 보고했습니다. 이 회사는 Koura 프로젝트의 Tarikko Prospect에서 5.60% Li2O를 포함하는 중요한 샘플을 강조했습니다. Jylhä 남남서쪽에서는 스포듐 광석을 함유한 여러 바위가 발견되어 샘플에서 2.46% Li2O까지 분석되었습니다.
탐사 프로그램은 Jylhä 라이센스의 남부 지역에서 스포듐 광석을 포함한 세 개의 새로운 페그마타이트 광상 지역을 확인했습니다. Mörkylä Prospect에서는 275미터 구간에 걸쳐 눈에 띄는 스포듐 광석을 포함하는 대형 바위 15개가 발견되었습니다. 회사의 프로젝트는 LCT 페그마타이트 광상이 유명한 카우스티넨-세이나요키 지역에 위치하고 있습니다. 역사적 증거는 바위들이 일반적으로 출처로부터 300~500 미터 이내에 위치한다고 제안하며, 이는 강력한 발견 가능성을 나타냅니다.
Grit Metals (TSXV: FIN) a rapporté de nouveaux résultats d'analyses de lithium de haute qualité provenant de son projet de lithium en Finlande centrale. La société a mis en avant un échantillon significatif contenant 5.60% Li2O au Tarikko Prospect dans le projet Koura. À Jylhä Sud-Sud-Ouest, plusieurs blocs de spodumène ont été découverts, avec des échantillons analysant jusqu'à 2.46% Li2O.
Le programme d'exploration a identifié trois nouvelles zones de minéralisation de pegmatite à spodumène dans la partie sud de la licence Jylhä. Au prospect de Mörkylä, 15 grands blocs contenant du spodumène visible ont été découverts sur une distance de 275 mètres. Les projets de l'entreprise sont situés dans la région de Kaustinen-Seinajoki, connue pour ses dépôts de pegmatite LCT. Des preuves historiques suggèrent que les blocs se trouvent généralement à 300-500 mètres de leur source, indiquant un fort potentiel de découverte.
Grit Metals (TSXV: FIN) hat neue hochgradige Lithiumanalysen aus seinem Lithiumprojekt in Zentralfinland berichtet. Das Unternehmen hob eine bedeutende Grabprobe hervor, die 5.60% Li2O im Tarikko Prospect des Koura-Projekts enthält. In Jylhä Süd-Südwest wurden mehrere verstreute Gesteine entdeckt, wobei Proben bis zu 2.46% Li2O aufwiesen.
Das Explorationsprogramm identifizierte drei neue Bereiche mit spodumenhaltiger Pegmatitmineralisierung im südlichen Teil der Jylhä-Lizenz. Am Mörkylä Prospect wurden über eine Distanz von 275 Metern 15 große Gesteinsbrocken mit sichtbarem Spodumen entdeckt. Die Projekte des Unternehmens befinden sich in der Region Kaustinen-Seinajoki, die für ihre LCT-Pegmatitvorkommen bekannt ist. Historische Beweise deuten darauf hin, dass Gesteinsbrocken typischerweise innerhalb von 300-500 Metern von ihrer Quelle zu finden sind, was auf ein starkes Entdeckungspotenzial hinweist.
- High-grade lithium assay of 5.60% Li2O from Tarikko Prospect grab sample
- Discovery of multiple spodumene-bearing boulders with assays up to 2.46% Li2O
- Identification of three new mineralization areas in Jylhä license
- Project location in proven lithium-rich Kaustinen-Seinajoki region
- Width and strike length of Tarikko pegmatite remain unknown
- Results based on selective grab samples, not necessarily representative of overall mineralization
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2025) - Grit Metals (TSXV: FIN) (FSE: K9T) ("Grit" or the "Company") is pleased to report additional high grade assay results from Lithium-Cesium-Tantalum (LCT) pegmatite mineralization on its exploration licenses at its Central Finland Lithium Project.
Key Takeaways:
- All assay results now received including the final batch of 150/660 total samples
- Grab sample from spodumene bearing pegmatite assayed of
5.60% Li2O at Tarikko Prospect - Jylhä South-Southwest: Several large boulders up to 1.5 m diameter with visible spodumene discovered adjacent to the Mōrkylā Prospect where 15 large boulders up to 4 m diameter with visible spodumene discovered over a 275 metre (m") distance assayed from
0.004% to2.46% Li2O
Figure 1. The Finland Lithium Pegmatite Project - New Spodumene Mineralization
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Jylhä South-Southwest
Three areas of new spodumene bearing pegmatite mineralization have been identified in the southern portion of the Jylhä license.
Approximately 225 m east of the Mōrkylā Prospect, a 1.2x1.0x0.7 m boulder assayed
Figure 2. New Spodumene Mineralization in Jylha South
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Approximately 1.7 km southwest of Morkyla a couple of spodumene bearing boulders assayed
Approximately 1.6 km south of Morkyla another cluster of spodumene pegmatite boulders occurs. The highlight of this cluster is a 1.5x1.5x1.0m boulder that assayed
Tarikko Prospect
At the companies Koura Project located in the Seinajoki Lithium-Tin Belt a grab sample of an outcrop of an LCT pegmatite assayed
Discussion
The Company's projects are in the Kaustinen-Seinajoki region, which is highly prospective for LCT pegmatite deposits, as evidenced by the success of the Geological Survey of Finland (GTK) and subsequently Keliber Oy in discovering significant Li-bearing spodumene pegmatite prospects and deposits in the region. The Company's success in identifying widespread spodumene-rich LCT pegmatitic boulders is very encouraging, as the area is topographically flat and extensively covered by a thin veneer of glacial overburden.
It is important to note that all the significant deposit and prospect discoveries (with one exception) in the belt were found by tracing boulders back to source and identifying the source ultimately through drilling. The GTK/Keliber Oy discoveries demonstrate that boulders are generally located within 300 – 500 m of their source suggests excellent potential for discovery on the Company's licenses.
Grit Metals cautions investors grab samples are selective samples by their nature and are not necessarily indicative of mineralization on the property. The Company further cautions the presence of lithium mineralization on Keliber Oy's properties is not necessarily indicative of similar mineralization on the Company's mineral reservations.
"Through multiple phases of exploration our team continues to discover new, highly prospective areas of LCT mineralization which has led to a tripling of our project size," commented Jeremy Poirier, CEO of Grit Metals. "This is a testament to the strength of our exploration team in their ability to discover the expressions and ultimately the source of these lithium rich deposits. Our exploration program remains fully-funded and continued until the end of October. The company will review all assays and determine next steps. Including the selection of multiple drill targets."
QA/QC Statement
Samples were submitted to ALS Laboratories in Sodankyla Finland. ALS inserted internal standards, blanks and pulp duplicates within each sample batch as part of their own internal monitoring of quality control protocols. Grit Metals monitors precision and bias performance by inserting certified lithium standards (CDN-LI-01 and GTA-05) as well as blanks into each batch submitted to ALS at a rate of 1:20.
The major element oxides and trace elements including Li, Cs, Ta and Be were analysed by ALS analytical package ME-MS89L involving digestion by Na2O2 fusion followed by ALS's super trace ICP-MS methodology. QAQC results to date do not indicate any analytical accuracy issues with all standards returning values Li values within 3 standard deviations of their certified mean and blanks returning expected values.
Mike Basha, P.Eng., P.Geo. (NL), VP Exploration of Grit Metals Corp., a Qualified Person as defined by National Instrument 43-101, has prepared this press release and compiled the results discussed herein.
About Grit Metals Corp.
Grit Metals Corp. is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies. One of the key components is access to REE and, specifically, lithium. The company's exploration licenses are located within 1 kms of the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.
An estimated €600 million investment by Keliber's parent company Sibanye-Stillwater Limited (NYSE: SBSW) in partnership with the Finnish Minerals Group (www.mineralsgroup.fi) is underway in the Kautinen Region and will see the development of open-pit and underground mining from several deposits, construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: www.sibanyestillwater.com).
The Company also has several 100 percent owned precious metals projects in Northern Finland. They are located in the Paleo-Proterozoic Greenstone Terrane of Northern Finland comprised of multiple greenstone belts including the CLGB which hosts world-class gold (eg Kittila Deposit, owned by Agnico Eagle and Ikkari Deposit, owned by Rupert Resources) and base metal deposits (eg Kevitsa owned by Boliden and Sakatti owned by Aglo-American). The belt's potential is also suggested by the presence of several major mining companies in the belt. The belt has very recently garnered significant interest following an offer from Rupert Resources to buy B2Gold's
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier, CEO
Telephone: 604-722-9842
Email: info@grit-metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the presence of lithium mineralization at, and the exploration and development potential of, the Finland Pegmatite Project. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include the costs of any anticipated work programs and the ability to fund such costs, required approvals in connection with any work programs and the ability to obtain such approvals, risks inherent in exploration as well as those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
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FAQ
What was the highest lithium grade discovered in Grit Metals' (FIN) latest exploration results?
How many new spodumene-bearing areas did Grit Metals identify in the Jylhä license?
What was the range of Li2O grades found in the Mörkylä Prospect boulders?
How far are boulders typically located from their source in the Kaustinen-Seinajoki region?
