Imagine Lithium (ILI) released assay results from its ongoing drill program at the Jackpot Lithium property.
The channel samples were collected 1 km southwest of the Jackpot Main Zone, where analyzed grab samples provided significant Li2O concentrations.
Highlights:
- 10.3 metres at 1.23 per cent Li2O, including 4 metres at 2.88 per cent Li2O
- 10 metres at 1.02 per cent Li2O, including 6 metres at 1.56 per centLi2O
All five channels taken from Site 1 returned intervals containing lithium grades ranging from 0.64 per cent to 2.88 per cent Li2O. Five additional sites submitted to channel sampling also returned intervals containing 0.75 per cent to 2.15 per cent Li2O.
Imagine’s President, J.C. St-Amour, said that channel samples were taken from the southwest region of the property that delivered previously reported mineralized lithium grab samples, meaning this section of the property seems well mineralized at surface.
“Not only does this area justify further exploration work, but our prospecting program has identified several spodumene-bearing pegmatite dikes within 2 km of the Jackpot Main Zone that provides additional targets for future exploration and drill programs. We are confident that in addition to expanding the Jackpot deposit through our current drill program, we will have the potential to find additional deposits on the broader Jackpot property.”
Channel Sample Results
| Site | Channel
No. |
Easting | Northing | Elevation | Azimut
(°) |
Weighted
Mean (Li2O wt. per cent) |
Interval
(m) |
| 1 | 1 | 431238 | 5460809 | 456 | 340.0 | 1.02 | 10.0 |
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Incl. | 1.56 | 6.0 |
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| 1 | 2 | 431234 | 5460803 | 450 | 344.0 | 0.64 | 2.7 |
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| 1 | 3 | 431219 | 5460794 | 451 | 312.0 | 1.23 | 10.3 |
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Incl. | 2.88 | 4.0 |
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| 1 | 4 | 431210 | 5460791 | 447 |
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1.63 | 3.0 |
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| 1 | 5 | 431199 | 5460786 | 447 | 320.0 | 0.90 | 7.0 |
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| 2 | 1 | 431250 | 5460857 | 448 | 342.0 | 0.75 | 9.0 |
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| 3 | 1 | 431306 | 5460911 | 453 | 136.0 | — | — |
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| 4 | 1 | 431358 | 5460962 | 451 | 138.0 | 1.84 | 2.0 |
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| 5 | 1 | 431161 | 5460724 | 454 | 142.0 | 1.40 | 1.3 |
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| 6 | 1 | 430969 | 5460678 | 461 | 172.0 | 2.15 | 0.9 |
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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 per cent Li2O and 750,000 tons at 1.38 per cent Li2O.
Imagine Lithium Inc. (ILI) is unchanged, trading at C$0.085.
