Drilling to start at International Lithium Raleigh Lake Project near Ignace

International Lithium Corp. has announced plans for upcoming exploration work at the 100% owned Raleigh Lake lithium, rubidium and caesium project near Ignace.

Highlights

• Up to 5,000 metres drilling planned in two stages
  Stage 1 to cover infill drilling and additional targets currently permitted in Zones 1, 2 and 3
• Stage 2 to include new targets in the highly prospective Zones 5 and 6
• Airborne magnetic and electromagnetic surveys to be carried out over entire 48,500 hectares of claims.

Following the successful and very encouraging lithogeochemical survey results announced on January 17, 2022, the Company will be starting its 2022 exploration program at the Raleigh Lake lithium, rubidium and caesium project in Ontario. The first work of the 2022 program calls for core drilling up to 5,000 metres beginning at the end of February, 2022. The program is designed to be carried out in two stages with the first stage focused on drill targets identified in Zones 1-3 for which drill permits already exist. The stage 1 work will also include some infill drilling at Pegmatites 1 and 3 to define the mineralized zones previously encountered there in more detail.

The stage 2 work will carry on after additional permitting is approved in and around the mineralized areas of Zone 1 and the newly discovered targets in the very promising Zones 5 and 6. As previously announced, Zone 5 is a structural corridor running from spodumene bearing Pegmatites 1 and 3 toward the Two Mica granite, which is believed to be the source rocks for the lithium, tantalum, caesium and rubidium mineralization on the property. The recently completed lithogeochemical survey confirmed Zone 5 to be a high priority target area for drilling. Zone 6 is an entirely new target area that was identified from the lithogeochemical survey and contains the highest caesium assays reported from that program.

The Company is also planning to conduct an airborne geophysical survey in the first half of 2022 over the entire 48,500 hectare Raleigh Lake project area.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"International Lithium Corp. is now well funded with around CAD$ 13m of net cash and marketable securities. This means that we have the resources to conduct a significant exploration program at Raleigh Lake and adjoining claims in the next year and beyond, and in addition that we have sufficient cash to invest in other projects. 

The Raleigh Lake lithogeochemical results announced on 17 January 2022 were highly encouraging, and of course the hope is that this drilling program will reinforce our confidence over the potential of these claims, especially once we also drill Zones 5 and 6."

Figure 1: Lithogeochemistry sampling coverage for the Raleigh Lake project.

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Figure 2: Lithium anomalies from the 2021 lithogeochemical survey and proposed drilling locations.

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About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in this decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian Raleigh Lake property is strategic in that respect. 

A key goal has been to become a well funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in January 2022, the Board of the Company considers that ILC is already well placed in that respect with a strong net cash position.

Tags: Northern Ontario / Exploration / Minerals / All Articles