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Imagine Lithium Announces Multiple Drill Results from the Winter Program at Jackpot Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2023) - IMAGINE LITHIUM INC.   (TSXV...
About this update from Imagine Lithium Inc
[{"type":"text","content":"Imagine Lithium Announces Multiple Drill Results from the Winter Program at Jackpot Lithium ProjectVancouver, British Columbia--(Newsfile Corp. - May 16, 2023) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the \"Company\" or \"Imagine\") is pleased to announce assay results from its ongoing drill program 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 (see Figure 1).Highlights of the assay results reported today include:Hole JP-23-03: 9.23 m @ 1.04% Li2OHole JP-23-04: 5.00 m @ 1.25% Li2O Hole JP-23-04B: 6.00 m @ 1.36% Li2O Hole JP-23-05: 7.00 m @ 1.19% Li2OHole JP-23-08: 5.00 m @ 1.18% Li2OThe 2023 drill program to date has focused on the Jackpot Main Zone to increase the drill density. The 2022 drill program nearly doubled the mineralized lithium zone by increasing the strike length by 400 metres to the east. The gently dipping zone now extends a total of 900 metres along strike and 300 metres down dip, to a depth of 200 metres. The zone consists of multiple stacked spodumene-rich pegmatite dikes. The results reported today are from the Jackpot Main Zone (see Figure 2) and are summarized in Table 1 below. J.C. St-Amour, President of Imagine, commented, \"The results announced today continue to demonstrate the stacked nature of the pegmatites at Jackpot, with multiple intercepts in the majority of drill holes. With our recently closed financing, we expect to resume drilling in June following the spring break-up. We will be drilling several known untested mineralized pegmatite dikes beyond the Jackpot Main Zone with a view to identifying additional zones and adding lithium tonnage to the project. This summer promises to be a very active exploration season for Imagine Lithium with drilling, prospecting and geophysics all planned.\"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/2962/166197_f8d7cfb1446269e7_001full.jpgFigure 2: Assay Results from 2022 drill program. Drill holes highlighted in light green are related to the today's assay results.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2962/1661...