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Dixie Gold Inc. Confirms Drill-Stage Lithium Projects
VANCOUVER, BC / ACCESSWIRE / January 19, 2021 / Dixie Gold Inc. (TSXV:DG) (" Dixie Gold " or...
About this update from Dixie Gold Inc.
[{"type":"text","content":"Dixie Gold Inc. Confirms Drill-Stage Lithium ProjectsVANCOUVER, BC / ACCESSWIRE / January 19, 2021 / Dixie Gold Inc. (TSXV:DG) (\"Dixie Gold\" or the \"Corporation\") is pleased to provide its shareholders with an update on the Corporation's drill-stage lithium assets situated in Canada.\"Dixie Gold's long-standing lithium assets have been the subject of recent shareholder interest and inquiry. As a result, we would like to confirm the particulars of our Phoenix Lithium Project and Torp Lithium Project, both of which are securely situated in North America. Holding both projects under long-term leases delivers us significant latitude in terms of timing and optionality to advance what our company believes are two of the most prospective lithium exploration projects in Canada,\" stated Ryan Kalt, Chief Executive Officer.Dixie Gold has 25,737,188 common shares issued, with no warrants outstanding.About the Phoenix Lithium ProjectThe Phoenix Lithium Project is located in Canada's Northwest Territories, approximately 70km southeast of the Diavik Diamond Mine and less than 60 km from winter road infrastructure.The Phoenix Lithium Project hosts the Big Bird and Curlew lithium-rich pegmatites.Figure 1: Phoenix Lithium ProjectThe Big Bird lithium pegmatite has been mapped over a 1,280m strike length with observable outcrop widths ranging from 8m to greater than 80m. Past drilling at the Big Bird lithium pegmatite returned 1.24% Li2O over 34.3m.The Curlew lithium pegmatite has been mapped over a strike length of 400m with widths up to 20m. Past drilling at the Curlew lithium pegmatite returned 1.72% Li2O over 14.87m.The significant lithium grades and widths returned from limited past drilling of the Big Bird, and Curlew lithium pegmatites (both acquired by way of a transaction in 2016 with North Arrow Minerals Inc.) highlights the potential for the Phoenix Lithium Project to host a number of lithium-rich spodumene pegmatites.The Phoenix Lithium Project was further subject of a conceptual exploration target by third-party consultants to the Corporation in 2018, additional disclosure of which may be found in the Corporation's news release dated January 25, 2018 (see: https://www.dixiegold.ca/clean-commodities-corp.-announces-completion-of-modelling-at-phoenix-lithium-project).In addition, in late 2017, significant portions of the Phoenix Lit...