VAL-D'OR, QC, Jan. 4, 2022 /CNW Telbec/ - Vision Lithium Inc.
(TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or
"Vision Lithium") is pleased to announce the start of its
maiden drilling program on the newly acquired Cadillac Lithium
property (the "Property"). Following a successful channel
sampling campaign, which returned up to 4.80% Li2O over
variable widths (see full results in press release of December 30, 2021), the Company is immediately
launching a drill campaign which will target multiple lithium
bearing dikes on the property. The Cadillac lithium project is
located just 10 km south of the mining town of Cadillac in the
Abitibi region of Quebec, Canada.
It is surrounded by infrastructure and skilled labour, being in the
middle of Quebec's mining
heartland.
Yves Rougerie, President and CEO
commented, "Our initial channel sampling program has returned some
very high grade lithium values. We are now mobilizing a drill to
the site to immediately begin testing the potential of the B dike.
The drill should be operational this week. The drill will test the
B dike along its 300 m exposed strike
length as well as other lithium bearing dikes, none of which have
ever been drilled. Additional results from the surface channel
sampling program are also expected in January. We're very excited
about this first-ever drill program on the Cadillac Lithium
property and look forward to releasing results to the public as
soon as they become available."
The Company has also staked an additional 12 claims to expand
the Cadillac Lithium property to the East to cover prospective
ground.
Furthermore, the Company announces that it has granted 4,200,000
incentive stock options to certain directors, officers, employees
and consultants of the Company, pursuant to the Company's incentive
stock option plan. Each option is exercisable into one common share
of Vision Lithium at a price of $0.21
per share for a period of 5 years from the date of grant. 50% of
the options vest immediately and the remaining 50% will vest 6
months following the date of grant.
The scientific and technical information in this release has
been reviewed and approved by Yves
Rougerie, Geologist, President and CEO of the Company. Mr.
Rougerie is a "qualified person" as defined in National Instrument
43-101 - Standards of Disclosure for Mineral Projects. The
potential grades of exploration targets disclosed in this news
release are conceptual in nature. There has been insufficient
exploration to define a mineral resource and it is uncertain if
further exploration will result in the target being delineated as a
mineral resource.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on
exploring and developing high quality mineral assets including
lithium and copper in Canada. The
Company is led by skilled and qualified mineral exploration experts
and business professionals with a deep understanding of the battery
materials market, which is driven by lithium-ion batteries. Vision
Lithium is committed to discovering new, world-class assets and
bringing these assets to production, starting with the Godslith
lithium property located in Manitoba; the Cadillac Lithium property,
Sirmac lithium property and the Dôme Lemieux porphyry/skarn copper-zinc property,
all located in Quebec; its skarn
and breccia polymetallic Red Brook
and Benjamin properties in Northern New
Brunswick and its St.
Stephen nickel-copper-cobalt property in Southern New Brunswick.
For further information on the Company, please visit our website
at www.visionlithium.com or contact us at
info@visionlithium.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release includes certain "forward-looking statements" under
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to: potential mineralization, estimates of cut-off grade, the
potential to extend the estimates to other portions of the
Property, the Company's plans for further drilling and exploration,
and the long-term prospects of the lithium market. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. Such
risks and other factors include, but are not limited to: the
estimates may turn out to be inaccurate; additional drilling and
exploration may lead to a determination that there is no
potentially viable mine plan for the Property; general business,
economic, competitive, political and social uncertainties; delay or
failure to receive board, shareholder or regulatory approvals; and
the ability of the Company to execute and achieve its business
objectives. There can be no assurance that the forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Vision Lithium Inc.