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Consolidated Lithium Metals Announces Vallée JV Intersects 1.04% Li2O over 7.15 m
TORONTO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announc
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":" TORONTO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that joint venture partner North American Lithium, Sayona Mining Inc.’s majority-owned subsidiary, (“NAL”) has reported to the Company the final set of assay results from the last 40 holes of the 2023 summer drilling program at the Vallée joint venture (the “Vallée JV”) lithium project, located approximately 30 km north of Val-d’Or, Quebec within the heart of the Vallée Lithium Corridor (see Figure 1). The 2023 summer drilling program consisted of 58 holes totaling 15,607 m. CLM released the results of the first 18 holes in its news release dated January 11, 2024, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company is also pleased to announce that analytical results have been received for the 29 drill holes completed and all surface channel samples from the outcrop stripping program, both parts of the 2023 summer exploration program at the Company’s 100% owned Baillargé Lithium Project (“Baillargé”). Baillargé is located in the Abitibi Greenstone Belt approximately 21 km northwest of Val D’Or, Quebec (see Figure 1). Vallée JV 2023 Drilling Results The 2023 summer drilling program succeeded at tracing lithium-bearing pegmatite mineralization associated with the adjacent NAL operating lithium mine across the entire width of the Vallée JV property (the “JV Property”) from northwest to southeast (see Figure 2). Thicker high-grade mineralized intersections were located along the northwestern and southeastern sections of the Core Pegmatite Dyke. The 2023 program extended the Core Pegmatite 700 m to the southeast from the area defined by CLM’s 2021 and 2022 drilling programs. Highlights from the second set of results include a high grade intersection in hole VAL-23-051 that averaged 1.04% Li2O over 7.15 m from 157.15 to 164.30 m, an interval in VAL-23-051 of 17.60 m that averaged 0.55% Li2O from 112.50 to 130.10 m that included a higher grade subinterval of 1.25% Li2O over 3.20 m from 112.50 to 115.70 m, and a wide intersection of 16.02 m from VAL-23-057 that averaged 0.50% Li2O from 132.73 to 148.75 m that included a subinterval of 1.29% Li2O over 2.36 m from 140.74 to 143.10 m (see Tables 1 and 4). Two high-grade intersections were also di...