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Frontier Lithium Discovers New LCT Pegmatite Prospects

Jan 31, 2023

Frontier Lithium Inc.released 2022 mapping results at the PAK Lithium Project. Between the months of May and August, Frontier Lithium conducted both detailed and regional mapping and prospecting in areas both proximal to known spodumene-bearing pegmatites and in under-explored areas within its approximately 27,000 hectare land tenure. 

The mapping program delivered several key results, including: discovery of a new pegmatite zone approximately 1km WNW of the Spark deposit.  Two grab samples from the area returned an average grade of 3.1 % Li2O. The results also showed a significant expansion of the Pennock Pegmatite area. Three grab samples grading 1.7%, 1.7%, and 3.0% Li2O

"Our exploration team completed an efficient and targeted program throughout this past summer and fall," said Garth Drever, Vice-President of Exploration. "We expect that the identification of new mineralized zones and key structural features will not only expand our understanding of the project area but will also lead to additional discoveries and high-grade opportunities. We look forward to building on the results of our teams' hard work and plan to continue our methodical approach to this evolving lithium district."

The 2022 Mapping Program focused on  entire project area with more detail at the Pennock and Spark areas.  As many as 33 areas classified as pegmatite, pegmatite veins have been identified and require follow-up.  Geochemical analysis was completed on 38 grab samples.  

Spark Extension
A new LCT pegmatite showing of approximately 10 x 15m, was discovered approximately 1 km WNW of the Spark Pegmatite. The spodumene-bearing pegmatite is surrounded by mafic volcanic host rock and contains aplitic to pegmatitic zoning with a mineral assemblage of spodumene, quartz, muscovite, lepidolite and garnet.  These characteristics are all analogous to the Spark deposit and follows the same general trend of all currently discovered LCT pegmatites in the project area.  Pegmatite veins with similar mineralogy and texture can be traced up to 6km NW of Spark. 

Pennock extension
Additional mapping and prospecting proximal to the Pennock LCT pegmatite uncovered additional Li-bearing pegmatites, including three up to 30m in length. The Pennock showing which was previously defined as a 1.5 km-long pegmatite dike, has increase significantly in size, despite the low outcrop exposure.  The Pennock extension had two of the larger pegmatite outcrops both with grab samples averaging 1.7% Li2O. Station 22EB0109 with a grade of 3.0% Li2O is from the original Pennock showing. 

Frontier Lithium undertook the mapping research to verify previously completed by Ontario Geological Survey (OGS) and to search for prospecting new lithium bearing pegmatites and further investigation of known lithium pegmatite showings. The site investigation generated  prospective targets to be followed up in future regional mapping and prospecting programs.


New Stock Option Plan
Frontier Lithium also announced it is has granted 150,000 stock options under the New Stock Option Plan to certain directors, officers, or employees of the company. The options are exercisable at a price of $2.30 per common share and will have a term of 5 years from the date of issuance. 50% of these options vest on the grant date, and the remaining 50% vest on the date that is the first anniversary date of the grant date. These Options are subject to approval by the TSXV.

About Frontier Lithium
Frontier Lithium is a preproduction business with an objective to become a strategic domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the growing electric vehicle and energy storage markets in North America. The Company maintains the largest land position and resource in a premium lithium mineral district located in Ontario's Great Lakes region. The PAK lithium project located in Northern Ontario's Red Lake Mining District, contains one of North America's highest-grade lithium resources. The project encompasses close to 27,000 hectares and remains largely unexplored; however, since 2013, the company has delineated two premium spodumene-bearing lithium deposits (PAK and Spark), located 2.3 kilometres apart.

For more information visit www.frontierlithium.com

or contact

Bora Ugurgel
Manager, Investor Relations
2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618

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