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Home > News > Imagine Lithium hits 35.10m...

Imagine Lithium hits 35.10m of 0.92% Li2O at Jackpot West near Thunder Bay

May 28, 2024


IMAGINE LITHIUM INC. is reporting its largest lithium-bearing drill intersection on the property to date at the Jackpot Project. 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 18,800 ha land package.

Jackpot West Extension highlights include:

  • - 0.92% Li2O over 35.10m from 20.65m in hole JP-24-31
    • - Including 1.76% Li2O over 4.30m from 51.45m
  • - 1.03% Li2O over 5.30m from 15.20m in hole JP-24-32
  • - 1.18% Li2O over 4.65m from 34.70m in hole JP-24-32

The most recent drill results from the winter drill program continue to support our exploration model and highlight the importance of drilling previously untested areas of the property. The Company commenced a mapping and prospecting program in early May and have discovered new spodumene bearing pegmatite dykes east of the '500 Pegmatite' and southwest of hole JP-24-31. 

J.C. St-Amour, President of Imagine, commented, "Today's near surface results come from the western extension of the Jackpot Main Zone and are the upshot of step out and exploration drilling, demonstrating there is still ample room for expansion even in zones thought to be well defined and understood. The recently discovered Casino Royale Zone has been traced in drilling for 200 m and will be the focus of a fall drill program. In addition, the discovery of new spodumene bearing pegmatite southwest of hole JP-24-31 and east of the '500 Pegmatite' support our exploration model and demonstrates the potential to add lithium resources within our significant land package." 

Image removed.

Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/210750_f138ac14c41f0820_001full.jpg

Image removed.

Figure 2: Jackpot project target zones and diamond drillhole collar locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/210750_f138ac14c41f0820_002full.jpg

Imagine Lithium has drilled a total of 44,520m in 298 diamond drillholes on the Jackpot Project since 2018. The winter 2024 program completed a total of 6,170m in 40 diamond drillholes. Results announced today continue to demonstrate the importance of drilling to develop near-surface lithium resources at the Jackpot Main Zone (Table 1). Our summer field program will focus on identifying new spodumene bearing pegmatite targets outside of the Jackpot Main zone. (Figure 2). 

Table 1. Significant Li2O (%) intervals from the 2024 drill program.

HoleFrom (m)To (m)Li2O (%)Length (m)ZONE

JP-24-3120.6555.750.9235.10Jackpot West

INCLUDING35.6555.751.0520.10Jackpot West

INCLUDING51.4555.751.764.30Jackpot West

JP-24-3215.2020.501.035.30Jackpot West

AND34.7039.351.184.65Jackpot West

JP-24-3360.0064.000.444.00Jackpot West

JP-24-38247.80250.000.712.20NW Zone

 

The 35.1m lithium intercept in JP-24-31 extends the Jackpot Main Zone approximately 200m west of the westernmost 2018 drill intercept (Figure 3). Geological mapping and sampling will focus on areas south of the main zone and north of Carrot Lake to prioritize drill targets for the fall drill campaign. The fall drill program will focus on resource definition drilling at the Casino Royale and NW Zones, north of the Jackpot Main Zone. Exploration holes will also be completed as part of this program to test newly discovered pegmatite dykes south of the Jackpot Main and north of Casino Royale.

Image removed.

Figure 3: Angle overlap fence of holes testing western extension of Jackpot Main, NW Zone and Casino Royale west of the Carrot Lake MDI occurrence (MDI42E05SW00023).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/210750_0528imaginelithfig3.jpg

The Company expects to publish an NI 43-101 mineral resource estimate in 2024 which will include results from the proposed fall drill program. The distinguishing feature of the Jackpot Lithium project is the existing infrastructure in the area (roads, power, labour force) and the proximity to a major port which elevates it from more remote lithium projects. This infrastructure would positively impact the overall economics of the project.



Tags: Northern Ontario / Exploration / Battery Metals / All Articles