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Imagine Lithium hits 18.90m of 1.02% Li2O at Casino Royale NE of Thunder Bay

May 1, 2024

IMAGINE LITHIUM INC. continues to expand on the newly discovered Casino Royale zone, approximately 500m north of the Jackpot Main zone. The Jackpot lithium project is located 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 dikes distributed over at least five zones on an 18,800ha land package. The Casino Royale zone is an east-west trending, spodumene bearing pegmatite dike, which has been successfully intersected in 8 of 9 drillholes from the 2024 campaign.

Casino Royale highlights include:

  • 1.02% Li2O over 18.90m from 159.30m in hole JP-24-26
  • 0.96% Li2O over 13.25m from 154.20m in hole JP-24-28
    • Including 1.42% Li2O over 9.10m from 155.25m
  • 1.15% Li2O over 11.85m from 93.60m in hole JP-24-30
    • Including 1.58% Li2O over 7.30m from 94.10m

J.C. St-Amour, President of Imagine, commented, "This previously untested area of the property will potentially add significant resources to the Jackpot property, based on the wide intercepts of mineralized pegmatite discovered through drilling. The Casino Royale zone has so far been traced through drilling over 200m along strike, to the east of JP-24-23 and multiple mineralized intercepts in JP-24-26 suggest it is a substantial new zone. Underexplored areas of our Jackpot property will be explored this summer to delineate existing drill targets to identify new pegmatites for future drill targets within our significant land package."

Results announced today demonstrate near-surface growth potential surrounding the Jackpot Main zone (Table 1). Results of the 2024 drill program continue to highlight the importance of drill testing and exploring for new, spodumene bearing pegmatite targets outside of the Jackpot Main zone (Figure 2). The Casino Royale zone was discovered through drill testing the historical Carrot Lake occurrence (MDI42E05SW00023) on the east side of Carrot Lake. 

Drilling by the Company on the Jackpot property since 2018 totals 39,901m. From the commencement of this year, 4,020m of drill core from 30 diamond drillholes have been completed. . The table below includes results from the continued expansion of the Casino Royale zone in 2024.

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