Stria Lithium reports 11.27 m grading 0.91% Li2O in Hole 975-19-018 from Q1 2020 Drilling at Pontax Lithium, Quebec - includes 2.84 m sub-intercept grading 1.72% Li2O
Stria Lithium Inc. has announced promising results from its Q1 2020 drilling program at the Pontax Lithium Property. The initial six drill holes confirmed the spodumene pegmatite extends over 600 m, with significant lithium intersections including 11.27 m grading 0.91% Li2O at a depth of 56.28 m. The program involved 1,510.5 m of drilling across eleven holes, with 29% of the core sampled showing lithium-bearing pegmatite. Further analysis from additional holes is pending. The exploration efforts build on previous drilling success and historical data, indicating a strong potential for lithium resources.
- Confirmed spodumene pegmatite extends over 600 m and to a depth of 100 m.
- Drill hole 975-19-018 intersected 11.27 m grading 0.91% Li2O.
- Total of 1,510.5 m drilled with 654.3 m sampled, indicating significant lithium presence.
- Decrease in lithium grades noted toward the southwest.
- Pending results for five drill holes may introduce uncertainty.
KINGSTON, ON / ACCESSWIRE / December 2, 2021 / Stria Lithium Inc. (TSX-V:SRA) (OTCQX:SRCAF) ("Stria" or the "Company") is pleased to report the results from the first six drill holes from the Company's Q1 2020 step-out drilling program at its Pontax Lithium Property (the "Property") located in west-central Eeyou Istchee James Bay Territory, Northern Québec. This most recent drilling program targeted the Pontax spodumene pegmatite prospect, the main occurrence of lithium spodumene pegmatites discovered on the Property to date. The drilling was designed to test the north-eastern and south-western extensions of the spodumene pegmatite zone at a 50 m spacing, as well as to test for dykes inside the footwall of the zone towards the northwest. Analytical results for the five remaining drill holes are expected in the coming weeks.
Highlights:
- Eleven BTW-diameter drill holes were completed for a total of 1,510.5 m drilled (Table 1), with the results of the first six holes being released today.
- A total of 654.3 m of core were sampled and submitted for multi-element geochemical analysis for the current program, of which 189.3 m (
29% ) represent spodumene bearing pegmatite. - Results are for two of the five drill holes positioned to test the extension of the spodumene pegmatite dyke swarm to the Northeast and for four of the five holes targeting a second series of pegmatite dykes to the Northwest of the Pontax spodumene pegmatite prospect. Results from the only step out hole to the Southwest are pending. All six holes reported today intersected spodumene bearing pegmatite dykes grading up to
3.77% Li2O over a minimum true thickness1 of 0.7 m (Table 1). - Best intersection1: Hole 975-19-018, drilled at -50o to a vertical depth of 101.0 m on Line 5+50N near the northeastern end of the spodumene pegmatite bearing zone, intersected numerous closely spaced dykes, wth the best intercept being 11.27 m grading
0.91% Li2O at a vertical depth of 56.28 m (from 80.4 m to 96.5 m; core length: 16.1 m; Table 1), including:- 2.84 m1 grading
1.72% Li2O (from 84.8 m to 88.85 m; core length: 4.05 m)
- 2.84 m1 grading
- High-grade intercept in Hole 975-19-020, drilled on Line 5+00N at -50o degrees to a vertical depth 13.58 m, with 3.36 m1 grading
2.55% Li2O (from 19.4 m to 24.2 m; core length: 4.8 m). - The spodumene bearing pegmatite dyke swarm remains open along strike to the northeast and at depth, while thinning out toward the southwest, with a decrease in lithium grades in the footwall towards the Northwest.
- Metabasalt wall rocks were excluded from intersection calculations despite being locally lithium bearing due to the presence of iron bearing holmquisite which is not amenable to lithium hydroxide production.
1True thicknesses are reported in this news release. The drill holes have been loaded into a 3-D visualization software and the three-dimensional envelope of the mineralized zone has an azimuth of N325o and dips vertically. Drill holes crosscut the envelope of the mineralized zone at an angle of approximately 45o degrees. The conversion factor for true thickness is 0.7 of the core intersection length.
"We are encouraged by the initial results from our first round of step-out drilling at the Pontax spodumene pegmatite prospect, which confirms the pegmatite swarm extends over a minimum strike length of 600 m and to a minimum depth of 100 m and is still open to the northeast," said Jeffrey York, acting President and CEO of Stria. "These latest drilling results will be integrated with the results of our 2017 drilling program to design the next phase infill and extension drilling targeting the Pontax spodumene pegmatite dyke swarm."
A map showing the location of the drill holes and main mineralized intercepts along with drill sections are available on the Company's Website at: http://strialithium.com.
The Q1 2020 drilling program was designed based on the results of the Company's December 2017 drilling program at the Pontax spodumene pegmatite prospect with seven drill holes completed for a total of 911.4 m drilled. Hole 975-17-014, drilled at -47o to a vertical depth of 107 m, yielded the best intercept of the 2017 drilling with 21.39 m1 grading
The average thickness of the Pontax spodumene bearing pegmatite swarm is estimated at 60 m with the thickest zone lying along the northeast edge.
2Source: Girard, R., 2011: Technical report on the Pontax Lithium property: A lithium exploration project near the lower Eastmain River area, Northern Québec; available at www.sedar.com under Khalkos Exploration Inc.).
Table 1: Highlights from the Q1 2020 drilling program at the Pontax spodumene pegmatite prospect.
TABLE 1: PONTAX LITHIUM Q1 2020 DRILLING RESULTS | ||||||||||
| Drill hole | Section | Azimuth | Plunge | Total length (m) | Intercepts | From (m) | To (m) | Core Intersection length (m) | True thickness (m) | Li2O (%) |
975-19-015 | 6+00E | N325o | -50o | 174.0 | Intercept | 75.60 | 77.85 | 2.05 | 1.44 | 1.53 % |
- | - | - | - | - | Intercept | 107.40 | 117.00 | 9.60 | 6.72 | 0.68 % |
- | - | - | - | - | Intercept | 155.70 | 158.30 | 2.60 | 1.82 | 0.96 % |
975-19-016 | 6+00E | N325o | -50o | 120.0 | Pending | - | - | - | - | - |
975-19-017 | 4+50E | N325o | -50o | 153.9 | Pending | - | - | - | - | - |
975-19-018 | 4+50E | N325o | -50o | 144.0 | Intercept | 31.35 | 35.90 | 4.55 | 3.19 | 0.94 % |
- | - | - | - | - | Intercept | 59.80 | 64.20 | 4.40 | 3.08 | 2.1 % |
- | - | - | - | - | Intercept | 71.30 | 73.90 | 2.60 | 1.82 | 1.27 % |
- | - | - | - | - | Intercept | 80.40 | 96.50 | 16.10 | 11.27 | 0.91 % |
- | - | - | - | - | Including | 84.80 | 88.85 | 4.05 | 2.84 | 1.72 % |
- | - | - | - | - | Intercept | 107.80 | 110.50 | 2.70 | 1.89 | 0.98 % |
- | - | - | - | - | Intercept | 121.30 | 122.85 | 1.55 | 1.09 | 1.62 % |
975-19-019 | 5+50E | N325o | -50o | 125.6 | Pending | - | - | - | - | - |
975-19-020 | 3+50E | N325o | -50o | 132.0 | Intercept | 10.90 | 12.75 | 1.85 | 1.30 | 1.44 % |
- | - | - | - | - | Intercept | 19.40 | 24.20 | 4.80 | 3.36 | 2.55 % |
975-19-021 | 2+50E | N325o | -50o | 162 .0 | Intercept | 1.50 | 4.50 | 3.00 | 2.10 | 1.37 % |
- | - | - | - | - | Intercept | 17.50 | 21.25 | 3.75 | 2.63 | 1.99 % |
- | - | - | - | - | Intercept | 27.70 | 30.40 | 2.70 | 1.89 | |
- | - | - | - | - | Intercept | 42.30 | 43.90 | 1.60 | 1.12 | 1.14 % |
- | - | - | - | - | Intercept | 55.10 | 62.30 | 7.20 | 5.04 | 1.10 % |
- | - | - | - | - | Intercept | 80.25 | 82.65 | 2.40 | 1.68 | 1.09 % |
975-19-022 | 1+50E | N325o | -50o | 123.0 | Pending | - | - | - | - | - |
975-19-023 | 1+00E | N325o | -50o | 114.0 | Intercept | 37.40 | 39.50 | 2.30 | 1.61 | 0.57 % |
975-19-024 | 0+50E | N325o | -50o | 111.0 | Intercept | 5.85 | 8.10 | 2.25 | 1.58 | 0.95 % |
- | - | - | - | - | Intercept | 32.50 | 43.25 | 10.75 | 7.53 | 1.05 % |
975-19-025 | 0+50W | N325o | -50o | 151.0 | Pending | - | - | - | - | - |
Mineralized intersections are calculated with Li2O > | ||||||||||
The Q1 2020 core drilling program at the Pontax Lithium Property was designed and operated by IOS Services Géoscientifiques Inc. (IOS) of Saguenay, Québec, under the supervision of Table Jamésienne de Concertation Minière (TJCM) of Chibougamau, Québec. The drilling was performed using a single heliportable drill rig operated by Forages G4 Inc. of Rouyn-Noranda, Québec. All eleven core holes from the drilling program were shipped from the field to IOS's laboratory facilities in Saguenay, Québec in preparation for detailed logging and sampling, as well as for core sample preparation (crushing and grinding). The drill core was kept in a secured storage facility at IOS until mid-July 2021 at which time core sampling worked commenced. In September 2021, IOS prepared 625 split core samples which were then submitted to Activation Laboratories Ltd. (Actlabs) of Ancaster, Ontario, an ISO/IEC 17025:2005 certified facility, for multi-element analysis using ICP-OES spectral analysis after a sodium peroxide fusion (code 8-Peroxide). Quality control, monitored by an IOS chemist, consists of
On May 24, 2016, the Company reported that metallurgical testing of a 16.5 t bulk sample extracted from the Pontax Spodumene Pegmatite occurrence achieved an initial assay result of
About the Pontax Lithium Property
Stria Lithium's
About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral exploration company with an expanding technology focus and has a
Lithium is a critical metal in the universal fight against global warming. It is a core component of Lithium-Ion batteries used for powering electric vehicles and for industrial scale energy storage.
For more information about Stria Lithium and the Pontax Lithium project, please visit http://strialithium.com.
Qualified Persons
Mr. Réjean Girard, géo. (QC), President of IOS Services Géoscientifiques Inc. and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects - has reviewed and approved the technical content of this news release.
Mr. Marc-André Bernier, géo. (QC), P.Geo. (ON), M.Sc., TJCM Senior Geoscientist and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the non-technical content of this news release.
Forward-Looking Statement
This News Release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the Company in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; and (xvii) the risk of potential dilution through the issue of common shares. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
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 accuracy of this release.
For more information on Stria Lithium Inc., please contact:
Kimberly Darlington
Communications, Stria Lithium Inc.
kimberly@refinedsubstance.com
Judith T. Mazvihwa-MacLean
CFO, Stria Lithium Inc.
Jmazvihwa@striacapital.com
SOURCE: Stria Lithium Inc.
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FAQ
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