Subscribe
Be the first with the news that moves the market- Imagine Lithium (ILI) has launched a property wide exploration program on its Jackpot Lithium property
- The exploration program will see a minimum of 10,000 metres of diamond drilling and will focus on expanding the Jackpot Main Zone as well as several new lithium bearing pegmatite targets
- Imagine’s exploration program will cover the entirety of the vast Jackpot land package or the first time. It is designed to identify new lithium exploration targets and investigate numerous known pegmatite occurrences
- Imagine Lithium Inc. (ILI) opened trading at C$0.09
Imagine Lithium (ILI) has launched a property wide exploration program on its Jackpot Lithium property.
The exploration program will see a minimum of 10,000 metres of diamond drilling and will focus on expanding the Jackpot Main Zone as well as several new lithium bearing pegmatite targets to the west, northwest, and northeast, covering a trend of more than 3 km.
Imagine’s exploration program will cover the entirety of the vast Jackpot land package or the first time. It is designed to identify new lithium exploration targets and investigate numerous known pegmatite occurrences.
The team also intends to carry out a high-resolution property-wide geophysical survey to identify potential pegmatites that may be hidden under groundcover.
President and CEO, J.C. St-Amour, commented that the company is well capitalized to accelerate and greatly expand exploration and development activities at the Jackpot project.
“Our goal is to increase the historical resources, test additional known pegmatites for potential satellite deposits, and to complete a comprehensive prospecting and sampling program of the entirety of the large Jackpot land package to identify additional drill targets. Lithium bearing pegmatites are generally found in swarms and we have already identified several that need to be tested through drilling. I am confident there are further discoveries to be made at Jackpot and we are well positioned to make them in the coming exploration season.”
Imagine Lithium Inc. (ILI) is a junior mining exploration company focusing on seeking and acquiring mineral projects.
The company holds the 188 sq. km. Jackpot lithium property located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario. It is approximately 12 km by road from the TransCanada Highway (Hwy 11) and is in proximity to sources of power, railroads, and ports.
The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09 per cent Li2O and 750,000 tons at 1.38 per cent Li2O.
Imagine Lithium Inc. (ILI) opened trading at C$0.09.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
