VAL-D'OR, QC, April 13,
2022 /CNW Telbec/ - Vision Lithium Inc. (TSXV: VLI)
(OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or "Vision
Lithium") announces assay results for the first set of drill
holes completed on the recently acquired Cadillac Lithium property
(the "Property"). The Property comprises a total of 332
claims covering 19,070 hectares (190 km2) located just
south of the historic mining town of Cadillac and approximately
halfway between the major mining centres of Rouyn-Noranda and Val-d'Or, in the province of Quebec, Canada.
Table 2. Drilling program
results
Section
|
DDH #
|
Dike
|
From m
|
To m
|
Length m
|
Li2O %
|
550E
|
CAD-22-04
|
B
|
31.80
|
32.40
|
0.60
|
1.15
|
550E
|
CAD-22-04
|
B
|
33.90
|
34.40
|
0.50
|
1.72
|
550E
|
CAD-22-04A
|
B
|
31.20
|
32.20
|
1.00
|
3.14
|
400E
|
CAD-22-07
|
B
|
46.70
|
48.60
|
1.90
|
1.74
|
300E
|
CAD-22-08
|
C
|
124.60
|
125.77
|
1.17
|
0.79
|
450E
|
CAD-22-13
|
C
|
152.40
|
158.80
|
6.40
|
1.00
|
Yves Rougerie, President and CEO
commented, "The first eleven holes were drilled on the main exposed
dike on the property over an initial strike length of 150 m. The drill holes tested the B dike just
below an area of surface high grade channel sample results reported
in December and January. The B dike varies from 4 to 14 metres in
core length and appears to dip at -70 to the South. Spodumene is
observed in almost all holes as individual large crystals sparsely
distributed throughout the central portion of the dike. This is
similar to the observed mineralization on surface. We typically see
large crystals in the core resulting in high grade values
such as 3.14% Li2O in hole CAD-22-04A
and 1.72% Li2O over 1.90 m in hole
CAD-22-07 and 1.00% Li2O over
6.40 m in hole CAD-22-13 in the C dike. I am very encouraged by
this first pass of drilling. There are still several holes to be
reported and based on what we are seeing we will target deeper
mineralization in the next round of drilling where the
intersections are wider."
Along with the previous surface channel sample results, these
results indicate the presence of significant lithium values over
the known length of the B dike as observed on surface. The Cadillac
Lithium property hosts at least 4 known spodumene-bearing
pegamtitite dikes which will be tested during the on-going drilling
program.
A total of ten additional holes have ben completed to date and
are being logged and sampled at this time. Visual results appear
similar to the first seven holes, with good continuity of the dike
over several hundred metres and spodumene being observed in most
holes. The drilling program will continue through the spring ahead
of the summer field season where numerous pegmatite targets will be
ground proofed.
Table 1. Drilling program
statistics
Section
|
Target
Dike(s)
|
DDH #
|
UTM
East
|
UTM
North
|
Azimuth
|
Dip
|
Length
meters
|
500E
|
B
|
CAD-22-01
|
687469
|
5329617
|
30°
|
-50
|
108.5
|
500E
|
B
|
CAD-22-02
|
687455
|
5329592
|
30°
|
-54
|
81.0
|
500E
|
B
|
CAD-22-03
|
687455
|
5329592
|
30°
|
-70
|
99.0
|
550E
|
B
|
CAD-22-04
|
687508
|
5329585
|
30°
|
-50
|
48.0
|
550E
|
B
|
CAD-22-04A
|
687508
|
5329585
|
30°
|
-54
|
45.0
|
550E
|
B
|
CAD-22-05
|
687497
|
5329560
|
30°
|
-54
|
84.0
|
400E
|
B-C-D
|
CAD-22-06
|
687381
|
5329666
|
30°
|
-50
|
250.0
|
400E
|
B
|
CAD-22-07
|
687368
|
5329641
|
30°
|
-54
|
66.0
|
300E
|
B-C
|
CAD-22-08
|
687278
|
5329686
|
30°
|
-50°
|
135.0
|
300E
|
B
|
CAD-22-09
|
687265
|
5329662
|
30°
|
-54°
|
67.5
|
450E
|
B-C
|
CAD-22-13
|
687414
|
5329613
|
30°
|
-54°
|
168.0
|
Quality assurance/quality control
(QA/QC)
The sampling program and the quality control program were
planned and supervised by Yves
Rougerie. The quality assurance and control protocol
involves the insertion of control or normalized samples on average
every 10 samples, in addition to the regular insertion in the
process of analysis of sterile, duplicate and standardized samples,
accredited by ALS Canada Ltd. Samples were transported from the
Cadillac Lithium project to a secure facility in Val-d'Or, Quebec where samples were prepared.
The sawed channels samples were bagged, sealed and transported to
the facility of ALS Chemex in Val-d'Or, where each sample was dried, crushed
and pulped (Prep-31). The samples were crushed to 70 per cent less
than two millimetres (CRU-31), riffle split, pulverize split to
better than 85 per cent passing 75 microns (PUL-31). Samples were
assayed for Lithium + 33 element by ICP-AES (ME-MS85)
and by 4Acid digestion for ore grade lithium samples (Li-OG63).
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,
Decelles lithium, 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.