Ophir Commences Inaugural Drill Program at the Pilipas Lithium Property, James Bay, Quebec
Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) has commenced its inaugural drill program at the Pilipas Lithium Property in Quebec's James Bay region. The 2,000 m program (10-15 holes) aims to test the HW1 Spodumene Pegmatite at depth and along strike, following encouraging surface grab samples that returned fifteen samples >1.0% Li2O to a peak of 3.47% Li2O. The drilling, managed by Dahrouge Geological Consulting , is expected to continue until mid-September. The company is awaiting results from an additional 138 surface samples collected during the recent summer exploration program.
Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) ha iniziato il suo programma di perforazione inaugurale presso il Proprietà di Litio Pilipas nella regione di James Bay, Quebec. Il programma di 2.000 m (10-15 fori) ha lo scopo di testare il Pegmatite Spodumene HW1 in profondità e lungo il suo tratto, seguendo campioni superficiali incoraggianti che hanno restituito quindici campioni >1.0% Li2O con un picco di 3.47% Li2O. La perforazione, gestita da Dahrouge Geological Consulting, dovrebbe continuare fino a metà settembre. L'azienda attende i risultati di ulteriori 138 campioni superficiali raccolti durante il recente programma di esplorazione estiva.
Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) ha iniciado su programa de perforación inaugural en la Propiedad de Litio Pilipas en la región de James Bay, Quebec. El programa de 2.000 m (10-15 agujeros) tiene como objetivo probar el Pegmatito Spodumeno HW1 en profundidad y a lo largo de su extensión, tras el alentador muestreo superficial que devolvieron quince muestras >1.0% Li2O con un máximo de 3.47% Li2O. La perforación, gestionada por Dahrouge Geological Consulting, se espera que continúe hasta mediados de septiembre. La compañía está a la espera de los resultados de otras 138 muestras superficiales recogidas durante el reciente programa de exploración de verano.
Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF)는 첫 번째 시추 프로그램을 시작했습니다 퀘벡의 제임스 베이 지역에 위치한 필리파스 리튬 자산에서. 2,000m 프로그램(10-15 구멍)은 HW1 스포듐네 펙그마타이트를 깊이와 연장 방향으로 테스트하는 것을 목표로 하며, 이는 15개의 샘플이 >1.0% Li2O 및 최고 3.47% Li2O로 돌아온 긍정적인 표면 샘플을 따릅니다. 시추는 Dahrouge Geological Consulting이 관리하며, 9월 중순까지 계속될 것으로 예상됩니다. 회사는 최근 여름 탐사 프로그램 동안 수집된 추가 138개의 표면 샘플 결과를 기다리고 있습니다.
Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) a lancé son programme de forage inaugural sur la propriété de lithium Pilipas dans la région de la Baie James au Québec. Le programme de 2.000 m (10-15 trous) vise à tester le Pegmatite Spodumène HW1 en profondeur et sur la longueur, suite à des échantillons de surface encourageants qui ont montré quinze échantillons >1.0% Li2O avec un pic de 3.47% Li2O. Le forage, géré par Dahrouge Geological Consulting, devrait se poursuivre jusqu'à la mi-septembre. La société attend les résultats de 138 échantillons de surface supplémentaires collectés lors du récent programme d'exploration estivale.
Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) hat sein erstes Bohrprogramm gestartet auf dem Pilipas Lithium-Projekt in der James Bay Region von Quebec. Das 2.000 m Programm (10-15 Bohrungen) zielt darauf ab, den HW1 Spodumen-Pegmatit in der Tiefe und entlang der Struktur zu testen, nachdem ermutigende Oberflächenproben entnommen wurden, die fünfzehn Proben >1.0% Li2O mit einem Höchstwert von 3.47% Li2O zurückgaben. Die Bohrungen, geleitet von Dahrouge Geological Consulting, werden voraussichtlich bis Mitte September fortgesetzt. Das Unternehmen erwartet die Ergebnisse von weiteren 138 Oberflächenproben, die während des kürzlichen Sommerexplorationsprogramms gesammelt wurden.
- Commencement of inaugural drill program at Pilipas Lithium Property
- Encouraging surface grab samples with fifteen samples >1.0% Li2O, peaking at 3.47% Li2O
- Property located near existing hydroelectric power and all-season road
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2024) - Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) (FSE: 80M) ("Ophir" or the "Company") is pleased to announce it has collared the first drill hole of its inaugural drill program at the Pilipas Lithium Property (the "Property" or "Project"), located in the Eeyou Istchee James Bay region, Quebec. The Project is located proximal to existing hydroelectric power that flanks the Property to the east, and an all-season road that crosses the western side of the Property.
Drilling has commenced at the Pilipas Lithium Property, with one drill rig focused on initial drill testing of the HW1 Spodumene Pegmatite, discovered during surface exploration this summer (See News Release Dated August 7th, 2024). The primary objective of the 2,000 m drill program (10-15 holes) is to test the HW1 Spodumene Pegmatite at depth and along strike, following up on encouraging grab sample assays from the recently completed surface program, which returned fifteen (15) samples >
"Our team has done an excellent job to coordinate the drill program so quickly following completion of the surface sampling program," commented Shawn Westcott, CEO of Ophir Metals. "We are extremely excited to have the drill turning and look forward the coming weeks as we test the extent of HW1 Pegmatite mineralization at depth."
Figure 1: View of drill rig targeting the HW1 Spodumene Pegmatite.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6338/219557_cd05212d74ce9942_001full.jpg
Youdin-Rouillier Drilling of Eastmain, Quebec is contracted to complete the diamond drilling with Dahrouge Geological Consulting Ltd. of Edmonton managing the program. Drilling is anticipated to continue until mid-September when work will stop to respect the annual moose hunting season in the James Bay area.
Figure 2: Map of HW1 Showing displaying 2024 surface grab sample results and preliminary drilling area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6338/219557_cd05212d74ce9942_002full.jpg
The Company is currently awaiting receipt of an additional 138 surface samples collected during the recently completed summer exploration program at Pilipas, including samples of several other pegmatite occurrences on the Property. The Company will report results as they are received.
Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
Qualified Person
The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo., Senior Geologist for Dahrouge Geological Consulting Ltd., a registered special authorization holder with Ordre des Géologues du Québec (AS-10512) and a Qualified Person under NI 43-101 on standards of disclosure for mineral projects.
Mr. Schmidt has verified all scientific and technical data disclosed in this news release including the sampling and QA/QC results, and certified analytical data underlying the technical information disclosed. Mr. Schmidt noted no errors or omissions during the data verification process. The Company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the data disclosed in this news release.
About the Pilipas Lithium Project
In December 2023, the Company entered into an option agreement with Azimut Exploration Inc (TSXV: AZM) (OTCQX: AZMTF) to earn
About the Company
Ophir Metals is a diversified mineral exploration company focused on the exploration and development of the Pilipas and Radis Lithium Properties in James Bay, Quebec, and the past-producing Breccia gold property located in Lemhi County, Idaho.
Ophir holds an option to earn a 100-per-cent interest in the Radis property over a three-year period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Ltd., an option to earn a
On behalf of the Board of Directors
"Shawn Westcott"
Ophir Metals Corp.
For further information, please contact:
Shawn Westcott, CEO
Phone 1 (604) 365 6681
swestcott@ophirmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note
The information contained herein contains "forward-looking statements" and "forward-looking information" (collectively referred to as "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable and include statements in this press release related to the exploration and discovery potential of the Property, the details of the planned exploration program on the Property, the strong lithium pegmatite exploration potential on the Property, the strong potential of the Pilipas Property, the extent of HW1 mineralization at depth, potential targets on the Property and the Company's future plans with respect to the Property. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of technical reports, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
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FAQ
What is the target of Ophir Metals' (OPHRF) inaugural drill program at Pilipas Lithium Property?
How many drill holes and meters are planned for Ophir Metals' (OPHRF) Pilipas Lithium Property program?
When is Ophir Metals (OPHRF) expected to complete its drill program at Pilipas Lithium Property?
What were the peak lithium oxide (Li2O) values from Ophir Metals' (OPHRF) surface sampling at Pilipas?
