Imagine Lithium drills 1.16% Li2O over 21 metres at Jackpot, Ontario
Imagine Lithium Inc. [ILI-TSXV; ARXRF-OTCQB] reported assay results from its continuing drill program at the Jackpot lithium project near Nipigon, Ontario. The drill program is designed to test targets along strike both to the east and west of the Jackpot lithium project located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario.
All of today’s reported results are located within the eastern extension of the Jackpot property and are outside the known historically drilled Jackpot Main Zone. The current drill program has expanded the mineralized lithium zone at least 400 metres to the east of the previously drilled area.
Highlights of the assay results reported today include Hole JP-2022-21C that returned 21.0 metres of 1.16% Li2O, including 8.0 metres of 1.40% Li2O. Hole JP-2022-21B returned 3.00 metres of 0.92% Li2O and 11.00 metres of 0.87% Li2O. Hole JP-2022-16 returned 5.02 metres of 1.12% Li2O and 3.12 metres of 1.35% Li2O.
J.C. St-Amour, President, commented, “Today we announced one of the best intercepts to date on the Jackpot property both in terms of width and grade. I am very pleased that these results are to the east of our primary historical area of drilling on the property and they demonstrate the property’s expansion potential. Also, it is important to note that all our results so far this year have been very shallow, from surface to ~100 metres, meaning the dikes are at or near surface. The drill program is ongoing and aimed at increasing the size of the historical resource both along strike but also to the north by testing additional parallel pegmatite targets.”
| The current drill program is designed to test possible extensions of the Jackpot deposit along a known lithium bearing trend. To date 6,755 metres have been drilled with results returned from approximately 3,463 metres. The Company will release drilling and sampling results as they become available. |
The Jackpot Lithium property is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O.