(TheNewswire)
OTTAWA, ONTARIO – January 18, 2023- Stria Lithium Inc. (TSXV:SRA) (“Stria” or the “Company”) ispleased to report positive results from initial mapping and outcropsampling conducted by partner Cygnus Gold Ltd. (“Cygnus”) inOctober 2022 at the Company’s flagship Pontax Lithium property,located in west-central Eeyou Istchee James Bay (EIJB) Territory ofnorthern Québec.
Highlights:
-
During the fall (between October 20-31, 2022) mappingand prospecting programs conducted on the Pontax Lithium projectrevealed a series of pegmatite dykes located outside of the mainPontax spodumene pegmatite dyke prospect (“Pontax CentralTarget”). Ten (10) channels totalling 28 metres in length were cutacross these dykes with a diamond saw and 19 samples, one metre inlength each, were collected and submitted for assaying.
-
Outcrop channel sampling* of a spodumene bearingpegmatite outcrop found 80 metres southwest and along strike of thePontax Central target has returned 1.89% Li Oover an apparent width of 4.0 metres. This pegmatite extends to theedge of the local cover of fluvioglacial sediments suggestingpotential for lateral continuity under cover (Figure 1). Cygnusplans to test the southwest extension of the spodumene pegmatite dykeswarm at the Pontax Central target as part of the ongoing 14,000 mdrilling program.
-
At the adjacent Pontax North target, mapping hasrevealed the presence of new spodumene-bearing pegmatites up to 5metres wide at surface. Initial channel sampling* of three dykes fromthree outcrops returned anomalous Li O grades of0.53% Li O over 3.0 apparent metres, 2.05%Li O over 2.0 apparent metres and 0.41%Li O over 1.0 apparent metre, respectively. Thesenew pegmatites are parallel to those of the Pontax Central target,located approximately 100 metres to the northwest and are distributedover a northeast strike length of 160 metres (Figure 1). Theseoccurrences will be tested by the ongoing drilling program.
-
Anomalous tantalum results of up to 517 ppmTa over 2.0 apparent metres were obtained inchannel samples in a non-spodumene bearing pegmatite dyke, south-eastof Pontax Central target. A total of nine (9) grab or chip samplesfrom different outcrops also graded more than 100 ppm, and up to 531ppm Ta , most of which are from non-spodumenebearing pegmatite dykes, outside the Pontax Central target. Tantalumis the second metal of interest in lithium bearing (LCT) pegmatite,and is typically present in the 20-100 ppm range in Pontax Centrallithium-bearing dykes. Its presence in non-lithium bearing dykes wasunexpected, and it opens new exploration possibilities. Collectively,anomalous tantalum values were obtained in outcrops within a minimum2.5 km long, northeast trending corridor near the Pontax Centraltarget.
* Cautionary note : Channel samples are continuous segmentscut with a diamond saw at the surface of outcrops. The measuredlengths slightly overestimate the true thickness of the dykes.
Currently a winter road is under construction inanticipation to mobilize three land-based drill rigs and replace thecurrent heliportable rig onsite at the Pontax lithium project. Definition drilling will continue over a regular grid on the mainPontax Central target with the objective of establishing a maidenmineral resource estimate by mid-2023. The drilling program also aimsto step out from Pontax Central and test regional targets along strikeand into Pontax North. Results from the drilling completed late lastyear are expected in late January.
Sampling, analytical methods andQA\QC protocols
The fall 2022 mapping and prospecting program at thePontax Lithium property was conducted jointly by Cygnus Gold Ltd. andIOS Services Géoscientifiques Inc. (IOS) geologists.
Grab samples were collected by a geologist directly onexposed outcrop with the use of a sledgehammer and chisel. Channelsamples, one (1) metre in length each and approximately three (3)centimetres wide and three (3) centimetres deep, were collected acrosspegmatite dykes directly at the outcrop surface. Outcrop, channel, andsample positions were recorded with a sub-metre precision GPS device.Samples were shipped for assaying by road-carrier to SGS Canada Inc.facilities in Rouyn-Noranda. The samples were analyzed by ICP-AES(code GE-ICP91A50) or ICP-MS (code GE-IMS91A50) after sodium peroxidefusion. Quality assurance and quality control procedures includeinsertion of approximately 20% of control materials, either blank,certified reference material (Oreas 147, Oreas 148, Oreas 149 andOreas 236) and digestion duplicate, either by contractor or by thelaboratory.
Stria Lithium is a Canadian junior mineralexploration company with an expanding technology focus and has a 100%interest in the Pontax spodumene lithium project in NorthernQuébec.
Lithium is a critical metal in the universal fightagainst global warming. It is a core component of Lithium- ion batteries used for powering electric vehicles and forindustrial scale energy storage.
The technical content disclosed in the currentpress-release was reviewed and approved by Réjean Girard, P.Geo andpresident of IOS Services Geoscientifiques Inc, a qualified person as defined under National Instrument NI-43-101.
For more information about Stria Lithium and the PontaxLithium project, please visit https://strialithium.com
Follow us on:
-
Twitter @StriaLithium
-
Instagram @strialithium
-
Facebook
-
LinkedIn
For more information on Stria LithiumInc., please contact:
Dean Hanisch
CEO Stria Lithium
+1(613) 612-6060
Kimberly Darlington
Communications, Stria Lithium Inc.
514-771-3398
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the accuracyor adequacy of this release.
Cautionary Note RegardingForward-Looking Information
Except for statements of historical fact, this newsrelease contains certain “forward-looking information” within themeaning of applicable securities law. Forward-looking information isfrequently characterized by words such as “plan”, “expect”,“project”, “intend”, “believe”, “anticipate”,“estimate” and other similar words, or statements that certainevents or conditions “may” or “will” occur. Although webelieve that the expectations reflected in the forward-lookinginformation are reasonable, there can be no assurance that suchexpectations will prove to be correct. We cannot guarantee futureresults, performance or achievements. Consequently, there is norepresentation that the actual results achieved will be the same, inwhole or in part, as those set out in the forward-lookinginformation.
Forward-looking information is based on the opinionsand estimates of management at the date the statements are made andare subject to a variety of risks and uncertainties and other factorsthat could cause actual events or results to differ materially fromthose anticipated in the forward-looking information. Please refer tothe risk factors disclosed under our profile on SEDAR atwww.sedar.com. Readers are cautioned that this list of risk factorsshould not be construed as exhaustive.
The forward-looking information contained in this newsrelease is expressly qualified by this cautionary statement. Weundertake no duty to update any of the forward-looking information toconform such information to actual results or to changes in ourexpectations except as otherwise required by applicable securitieslegislation. Readers are cautioned not to place undue reliance onforward-looking information.
The technical aspects of the currentpress release have been reviewed by RéjeanGirard, géo. (QC), President of IOS Services Géoscientifiques Inc.,a consultant to the Company and a Qualified Person as defined underNational Instrument (NI) 43 – 101 Standards of Disclosure forMineral Projects has reviewed and approved the technical content ofthis news release.
Copyright (c) 2023 TheNewswire - All rights reserved.