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Imagine Lithium discovers new Casino Royale Lithium Zone near Thunder Bay

Apr 2, 2024

IMAGINE LITHIUM INC. has intersected a new near-surface spodumene-bearing pegmatite with diamond drilling at the Casino Royale zone, located approximately 500m north of the Jackpot Main zone. The Jackpot lithium project is in the Georgia Lake Pegmatite Field, approximately 140km northeast of Thunder Bay. The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dykes distributed across five zones on an 18,800-ha land package.

Highlights of the 2024 drill program include:

Casino Royale zone:

  • 1.09% Li2O over 7.70m from 84.85m in hole JP-24-23
  • 1.04% Li2O over 12.80m from 90.50m in hole JP-24-24
    • Including 1.35% Li2O over 6.80m from 96.50m

Jackpot Main zone:

  • 1.34% Li2O over 6.30m from 50.50m in hole JP-23-18
  • 1.02% Li2O over 10.10m from 31.10m in hole JP-23-24

J.C. St-Amour, President of Imagine, commented, "This is an untested area of the property and we are pleased to have discovered a new mineralized pegmatite in this area of the vastly underexplored Jackpot property. The newly discovered, near-surface mineralization confirms our exploration model and continues to demonstrate that our significant land package can contain multiple lithium deposits. The Casino Royale zone has been traced over 750m of strike length at surface, making it a potentially substantial new zone. Going forward, we will continue to focus our exploration efforts on new discoveries and resource expansion." 

Results announced today demonstrate near-surface growth potential surrounding the Jackpot Main zone (Table 1). The 2024 drill program was designed to test regional targets outside of the Jackpot Main zone that were identified during the 2023 prospecting and soil sampling programs (Figure 2). Drilling also tested boulders and outcrop located near the historical Point Lithium prospect (MDI42E05SW00021) and Carrot Lake occurrence (MDI42E05SW00023). A total of 2,691m of drill core from 24 diamond drillholes have been completed in 2024. 

Drilling by the Company on the Jackpot property since 2018 totals 38,041m. The table below includes results from the Jackpot Main zone that were completed in 2023 and significant intervals from the ongoing 2024 drill program that focused on targets to the north of the Jackpot Main zone.


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