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Imagine Lithium Intercepts 14.35m of 1.22% Li2O at project near Thunder Bay

Oct 24, 2023

"We are expecting our exploration drilling program to continue into the fall and winter months as we evaluate areas to the north and east of the Jackpot Main Zone to continue building on historical resources and add to the success of the 2022 drill program, which nearly doubled the length of the mineralized lithium zone to 900 m." J.C. St-Amour, President of Imagine, said. 

Drilling will also continue to investigate targets outside the Jackpot Main Zone, including the Point Lithium area, which appears to parallel the Jackpot pegmatite dikes." 

IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to provide an update on its ongoing exploration activities at the Jackpot lithium project, located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 km north-east of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing pegmatite dikes distributed across the 18,800 ha land package.

Highlight holes from the ongoing drill program at the Jackpot Main Zone include:

- 14.35 m grading 1.22% Li2O in hole JPMET-2023-03;
- 12.05m grading 1.06% Li2O in hole JPMET-2023-02;
- 9.98m grading 1.14% Li2O in hole JPMET-2023-01B; and
- 9.0m grading 1.00% Li2O in hole JP-2023-P1.

Drilling is currently ongoing at the Jackpot Main Zone with the goal of expanding the lithium resources. Areas being tested included the northern area of the Jackpot Main Zone where the Company is seeing another stacked dike and intercepting pegmatites up to 20m in thickness, as well as the eastern extension of the Jackpot Main Zone which can expand the mineralization along strike (see Figure 2). The terrane north of the Jackpot Main Zone, also includes the Point Lithium area which will be drilled this winter. 


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