SPOD Lithium Commences Drill Program on MegaLi and Lithium Grande 4 Properties in Quebec
SPOD Lithium Corp. (CSE: SPOD, OTCQB: SPODF) has received permits to commence drilling on its MegaLi and Lithium Grande 4 (LG4) properties in Quebec. The properties consist of six claim blocks adjacent to Patriot Battery Metals Inc.'s Shaakichiuwaanaan project. The initial, fully funded drill program will include at least 10 drill holes totaling approximately 1,500 meters, targeting Block 'A' and Block 'D' on LG4, and Block 'C' on MegaLi. This follows successful phase 2 field programs that identified pegmatite trends and gold anomalies. Drilling is expected to start next week.
SPOD Lithium Corp. (CSE: SPOD, OTCQB: SPODF) ha ricevuto i permessi per iniziare la perforazione nelle sue proprietà MegaLi e Lithium Grande 4 (LG4) in Quebec. Le proprietà consistono in sei blocchi di concessione adiacenti al progetto Shaakichiuwaanaan di Patriot Battery Metals Inc. Il programma di perforazione iniziale, completamente finanziato, prevede almeno 10 fori di perforazione per un totale di circa 1.500 metri, mirando al Blocco 'A' e al Blocco 'D' su LG4, e al Blocco 'C' su MegaLi. Questo segue programmi di campo di fase 2 di successo che hanno identificato tendenze di pegmatite e anomalie aurifere. La perforazione dovrebbe iniziare la prossima settimana.
SPOD Lithium Corp. (CSE: SPOD, OTCQB: SPODF) ha recibido los permisos para comenzar a perforar en sus propiedades MegaLi y Lithium Grande 4 (LG4) en Quebec. Las propiedades constan de seis bloques de concesión adyacentes al proyecto Shaakichiuwaanaan de Patriot Battery Metals Inc. El programa de perforación inicial, completamente financiado, incluirá al menos 10 agujeros de perforación que totalizarán aproximadamente 1,500 metros, con el objetivo de Bloco 'A' y Bloco 'D' en LG4, y Bloco 'C' en MegaLi. Esto sigue a programas de campo de fase 2 que identificaron tendencias de pegmatita y anomalías de oro. Se espera que la perforación comience la próxima semana.
SPOD 리튬 주식회사 (CSE: SPOD, OTCQB: SPODF)는 퀘벡의 MegaLi 및 Lithium Grande 4 (LG4) 자산에 대한 드릴링 허가를 받았습니다. 이 자산은 Patriot Battery Metals Inc.의 Shaakichiuwaanaan 프로젝트와 인접한 여섯 개의 청구 블록으로 구성되어 있습니다. 초기 드릴링 프로그램은 완전히 자금이 지원되며, LG4의 'A' 블록과 'D' 블록, MegaLi의 'C' 블록을 목표로 하는 총 10개의 드릴 홀을 포함하여 약 1,500미터에 달하는 것이 될 것입니다. 이는 페그마타이트 트렌드와 금 이상을 식별한 2단계 현장 프로그램의 성공적인 결과입니다. 드릴링은 다음 주에 시작될 것으로 예상됩니다.
SPOD Lithium Corp. (CSE: SPOD, OTCQB: SPODF) a reçu les permis pour commencer le forage sur ses propriétés MegaLi et Lithium Grande 4 (LG4) au Québec. Les propriétés se composent de six blocs de revendications adjacents au projet Shaakichiuwaanaan de Patriot Battery Metals Inc. Le programme de forage initial, entièrement financé, comprendra au moins 10 trous de forage totalisant environ 1 500 mètres, ciblant le Bloc 'A' et le Bloc 'D' sur LG4, ainsi que le Bloc 'C' sur MegaLi. Cela fait suite à des programmes de terrain de phase 2 réussis qui ont identifié des tendances de pegmatite et des anomalies aurifères. Le forage devrait commencer la semaine prochaine.
SPOD Lithium Corp. (CSE: SPOD, OTCQB: SPODF) hat die Genehmigungen erhalten, um mit den Bohrungen auf seinen MegaLi- und Lithium Grande 4 (LG4)-Eigenschaften in Québec zu beginnen. Die Immobilien bestehen aus sechs Anspruchsblöcken, die an das Projekt Shaakichiuwaanaan von Patriot Battery Metals Inc. angrenzen. Das anfängliche, vollständig finanzierte Bohrprogramm wird mindestens 10 Bohrlöcher mit einer Gesamtlänge von etwa 1.500 Metern umfassen, die auf Block 'A' und Block 'D' bei LG4 sowie Block 'C' bei MegaLi abzielen. Dies folgt erfolgreichen Feldprogrammen der Phase 2, die Pegmatit-Trends und Goldanomalien identifizierten. Die Bohrungen sollen nächste Woche beginnen.
- Received permits to commence drilling on MegaLi and LG4 properties.
- Fully funded drill program with a minimum of 10 drill holes totaling about 1,500 meters.
- Successful phase 2 field programs identified pegmatite trends and gold anomalies.
- Potential risks associated with initial drilling results and geological uncertainties.
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - SPOD LITHIUM CORP. (CSE: SPOD) (OTCQB: SPODF) (the "Company" or "SPOD") is pleased to announce the company has recently received required permits to commence its drilling program on the MegaLi and Lithium Grande 4 ("LG4") projects. The MegaLi and LG4 properties consist of six claim blocks adjacent to Patriot Battery Metals Inc.'s Shaakichiuwaanaan project located in the James Bay area of Quebec, Canada.
The fully funded, initial drill program will consist of a minimum of 10 drill holes for a total of about 1,500 m. The work will target Block "A" and Block "D" on the LG4 property and Block "C" on the MegaLi property. The drill program is to follow up on two successful phase 2 field programs of soil and rock sampling which identified pegmatite trends, zoned internal structures and accessory minerals such as beryl and tourmaline. Gold anomalies were also identified and associated with pegmatite contacts.
Mathieu Couillard, SPOD's CEO commented, "The team is excited to follow up on these prospective targets identified through a successful summer field program to discover more pegmatites and propel the company forward. This is a positive step for SPOD as we continue exploration in a region known for its lithium potential".
The geology team and drilling contractors have moved to the site area, and drilling is expected to start next week.
Figure 1- Property location (satellite and regional geology) map with soil sampling
To view an enhanced version of this graphic, please visit:
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Qualified Person
Julien Davy, P.Geo., M.Sc, MBA, consultant geologist of SPOD, is qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, and has prepared, supervised and approved the technical information in this news release.
About SPOD Lithium Corp.
SPOD Lithium Corp. is a leading exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, SPOD is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its primary lithium properties are strategically located in Quebec and Ontario, Canada, regions renowned for their rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company through its website at www.spodlithiumcorp.com.
On Behalf of the Board of Directors
Mathieu Couillard
President, CEO & Director
+1 (647) 567-6757
mathieu.couillard@SPODlithiumcorp.com
Stay connected with SPOD
Website: www.spodlithiumcorp.com
Linkedin: www.linkedin.com/company/spod-lithium
X (formerly Twitter): www.x.com/spodlithium
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
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FAQ
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