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Be the first with the news that moves the market- Imagine Lithium (ILI) has identified a new drilling target located approximately 1.6 km to the northwest of the Jackpot Main Zone
- The Jackpot Lithium property is located in the Georgia Lake Area, about 140 km north of Thunder Bay, Ontario
- President J.C. St-Amour sat down with Sabrina Cuthbert to discuss the discovery
- Imagine Lithium is a junior mining exploration company that holds the Jackpot Lithium property located near Nipigon, Ont
- Imagine Lithium Inc. (ILI) opened trading at C$0.10
Imagine Lithium (ILI) has identified a new drilling target located approximately 1.6 km to the northwest of the Jackpot Main Zone.
Grab samples have identified at least one mineralized spodumene-bearing granitic pegmatite over a strike length of approximately 500 m. Samples collected from the pegmatite have returned Li2O values up to 2.72% Li2O.
A total of 15 grab samples were taken from the area, where a spodumene-bearing pegmatite was traced over 500 m. The samples returned values containing lithium grades ranging from 0.01% to 2.72% Li2O. Samples from a 240 m section of the granitic dike along strike generated an average of 1.17 Li2O% (n=11). It is believed that the pegmatite could be as much as 40 m wide. The Company plans to complete follow-up prospecting and sampling work in the general vicinity of this pegmatite as well as an exploration drilling campaign targeting the pegmatite specifically.
J.C. St-Amour, President of Imagine, sat down with Sabrina Cuthbert to discuss the discovery.
“This newly discovered area demonstrates the prospectivity of our very large land package. The team is very excited to test this newly identified zone. There is some ground cover in this area, so there is excellent potential for expansion of this dike along strike, as well as the potential for additional dikes in this area. The grab sample grades suggest it is a well-mineralized dike that we intend to drill test in 2023.”
The 2022 drilling campaign at Jackpot ended in early December, having drilled over 10,000 m. We expect that the final results will be received in the coming weeks and will be released once available.
The Jackpot Lithium property is located in the Georgia Lake Area, about 140 km north of Thunder Bay, Ontario.
Imagine Lithium is a junior mining exploration company focused on acquiring world-class mineral projects. The company holds the Jackpot Lithium property located near Nipigon, Ont., which contains known pegmatite showings, including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
Imagine Lithium Inc. (ILI) opened trading at C$0.10.
