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Champion Electric Metals Announces Completion of Maiden Exploration Drilling at Lithium Property in James Bay, Quebec
Toronto, Ontario--(Newsfile Corp. - April 18, 2024) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company"
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 18, 2024) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (FSE: 1QB0) (\"Champion Electric\" or the \"Company\") is pleased to report that it has completed its maiden exploration drill program at the Lithium Property in James Bay, Quebec (the \"Property\"). Champion Electric's drill program successfully completed 10 diamond drill holes totalling 2,263 metres. Drill hole EIQ24-007 intersected a span of approximately 18.8 m of spodumene-rich pegmatite, stretching from 7.30 m to 26.10 m downhole. This mineralized zone was found underneath 6 m of overburden (see Figure 1)*. Drill hole EIQ24-008 also intersected spodumene-rich pegmatite over 5.90 m from 16.15 m to 22.05 m downhole. The mineralization consists of light green coloured spodumene. The presence of spodumene was confirmed by LIBS readings**. Figure 1: Core boxes containing spodumene-bearing pegmatite in hole EIQ24-007 2024 Maiden Exploration Drilling Highlights: Drilling concentrated on the Western Prospect following encouraging results from initial prospecting, various geophysical surveys, and till sampling. Integrated targeting based on multiple data sets identified a high-priority pegmatite target directly up-ice from the previously reported spodumene grains in till discovery. The Western Prospect lies close to the Trans-Taiga Road and relatively close to neighbouring advanced projects run by Patriot Battery Metals and Winsome Resources (see Figure 3). Two drill holes EIQ24-007 and EIQ24-008 encountered spodumene-bearing pegmatite near surface. All the drill holes intersected a combination of mafic volcanic rocks, magnetite-rich iron formations, gabbro dikes and minor felsic porphyry dykes and tonalite. These rock types show a range in rheology contrast which is favourable for the development of dilational zones during deformation which create preferred sites for pegmatite dikes and sills. Drilling reached an average vertical depth of 173 metres from surface. Jonathan Buick, President and CEO, commented: \"The discovery of spodumene-bearing pegmatites near the surface in our very first drilling campaign is a clear indication that our drill site selection was spot-on. These were coincident geophysical and till sampling anomalies conforming with the northeast trending host geology. The potential scale of the system is ...