Highlights
- Drill Hole FL22-19 intersected two pegmatite zones with the upper 7 m wide pegmatite averaging 1.35% lithium oxide (Li2O) at 15.44 m drilled depth, including one meter of 2.68% Li2O and 2 m of 1.89% Li2O. The lower 6.81 m wide pegmatite averaged 0.52% Li2O at 26.44 m drilled depth, including the top one meter of1.08% Li2O.
- Drill Hole FL22-20 intersected three pegmatites with the upper 11-meter-wide pegmatite averaging 1.1% Li2O at 7.95 m drilled depth. The lower two pegmatites are thinner in widths and lower grade (see Table 1 for details).
- Drill Hole FL22-21 intersected three lithium pegmatites with the upper four meter wide pegmatite averaging 1.21% Li2O at 8 m drilled depth; the middle eight meter wide pegmatite averaging 1.13% Li2O at 16 m drilled depth; the lower seven meter wide pegmatite averaging 1.04% Li2O at 26 m drilled depth.
- Drill Hole FL22-22 intersected an 18-meter-wide pegmatite with averaging 0.56% Li2O at 37.22 m drilled depth, including a two-meter-wide zone of 1.38% Li2O at 47.22 m depth.
All intersections reported are based on drilled widths and have not been converted to the true width. The drill core was logged and sampled using a rock saw at Pleson Geoscience core shack located in
Dr.
Table 1: | |||||
Drill Hole ID | Depth from | Depth To | Width | Li | Li2O |
m | m | m | % | % | |
FL22-19 | 15.44 | 22.44 | 7 | 0.67 | 1.35 |
Including | 15.44 | 16.44 | 1 | 1.24 | 2.68 |
19.44 | 21.44 | 2 | 0.88 | 1.89 | |
FL22-19 | 26.44 | 33.25 | 6.81 | 0.244 | 0.52 |
Including | 26.44 | 27.44 | 1 | 0.5 | 1.08 |
FL22-20 | 7.95 | 18.95 | 11 | 0.51 | 1.1 |
Including | 10.95 | 12.95 | 2 | 1.15 | 2.48 |
FL22-20 | 19.95 | 22.76 | 2.81 | 0.25 | 0.53 |
FL22-20 | 24.68 | 27.68 | 3 | 0.08 | 0.17 |
FL22-21 | 8 | 12 | 4 | 0.565 | 1.21 |
FL22-21 | 16 | 24 | 8 | 0.53 | 1.13 |
FL22-21 | 26 | 33 | 7 | 0.48 | 1.04 |
FL22-22 | 37.22 | 55.22 | 18 | 0.26 | 0.56 |
Including | 47.22 | 49.22 | 2 | 0.645 | 1.38 |
Table 2: Drill hole details
Drill Hole ID | Location NAD 1983 Zone 16N | Elevation | TD | Azimuth | Dip | |
Easting | Northing | m | m | deg | deg | |
FL22-19 | 407296 | 5464763 | 322 | 72 | 312.2 | -75.5 |
FL22-20 | 407306 | 5464790 | 300 | 39 | 314.8 | -44 |
FL22-21 | 407306 | 5464790 | 300 | 75 | 311.7 | -74.4 |
FL22-22 | 407275 | 5464802 | 297 | 81 | 133 | -45 |
Figure 1: Drill hole location map
https://www.globenewswire.com/NewsRoom/AttachmentNg/9060f36d-9b89-43c3-b295-157f464e74a0
Figure 2: Drill hole sections
https://www.globenewswire.com/NewsRoom/AttachmentNg/7d4700cb-ed61-4854-a7b1-df0d1237f67a
Highlights
- Lithium mineralization is comprised of six spodumene-bearing pegmatites
- Three 2019 grab samples showed lithium values of 6.93% lithium oxide (Li2O), 6.90% Li2O and 4.88% Li2O
- Historical exploration in the 1950s’ included 39 drill holes, aggregating 10,561 feet
- Three historical channel cut samples returned average 2.57% Li2O over a width of 21 feet (6.4 m)
- Two historical channel cut samples averaged 4.23% Li2O over 24.5 feet (7.46m)
About
ON BEHALF OF THE BOARD OF DIRECTORS
“Kiki Smith”
For further information, please contact the Company at:
Attention:
Telephone: 778 968-1176
Facsimile: 604 909-4682
Email: kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.
Figure 1:
Drill hole location map
Figure 2:
Drill hole sections
2023 GlobeNewswire, Inc., source