- Imagine Lithium (TSXV:ILI) has expanded lithium mineralization on its 18,800-hectare Jackpot property near Thunder Bay, Ontario, identifying six new spodumene-mineralized zones outside the known resource envelope
- Imagine Lithium is a junior miner dedicated to acquiring and exploration world-class mineral projects
- The junior lithium stock has given back approximately 75 per cent since shifting focus and adopting the Imagine Lithium name in January 2022
Imagine Lithium (TSXV:ILI) has expanded lithium mineralization on its 18,800-hectare Jackpot property near Thunder Bay, Ontario, identifying six new spodumene-mineralized zones outside the known resource envelope.
Geological mapping and surface rock sampling followed up soil geochemical anomalies identified in 2024, with additional soil sampling infilling gaps in the older girds, yielding:
- 34 samples returning more than 0.10 per cent Li2O, with a high of 3.92 per cent Li2O in bedrock and 4.16 per cent Li2O from a boulder sample.
- An additional 8 samples returning tantalum anomalies of more than 100 ppm Ta in bedrock.
Among the six new spodumene zones, Jackpot South, Blay Lake, Jackpot West, Cosgrave North and Newkirk Zones will be permitted for diamond drilling and bedrock stripping in winter and spring 2026.
Jackpot’s NI 43-101-compliant resource currently stands at 26,200 tons of Li2O indicated and 49,500 tons of Li2O inferred, with lithium metal currently trading at more than US$10,000 per ton, according to data from Daily Metal Prices.
Management commentary
“We have discovered lithium mineralization in new areas of the property that have previously been untested and we are currently prioritizing diamond drill targets based on a very productive summer prospecting season,” Simone Suen, president of Imagine Lithium, said in a statement. “Our team is very excited to commence drilling on these new targets and we are in an excellent position to build on our 3.1 Mt indicated and 5.3 Mt inferred (grading 0.85 per cent and 0.91 per cent Li2O, respectively) mineral resource on the project.”
About Imagine Lithium
Imagine Lithium is a junior miner dedicated to acquiring and exploration world-class mineral projects.
The junior lithium stock (TSXV:ILI) last traded at C$0.03. The stock has given back approximately 75 per cent since shifting focus and adopting the Imagine Lithium name in January 2022.
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