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Imagine Lithium Reports Multiple Results from Jackpot Lithium Project Including 8 m of 1.28% Li2O
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Imagine Lithium Inc. (TSXV...
About this update from Imagine Lithium Inc
[{"type":"text","content":"Imagine Lithium Reports Multiple Results from Jackpot Lithium Project Including 8 m of 1.28% Li2OVancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) (the \"Company\" or \"Imagine\") is pleased to announce assay results from previously unsampled core that were drilled in 2018. The drillholes tested lithium-bearing granitic pegmatite dikes within the main dike swarm of the Jackpot project. Results include 8 m grading 1.28% lithium oxide (Li2O) (Hole J-18-M-04) and 8.8 m grading 1.02% Li2O (Hole J-18-M-03). See Table 1 below for detailed results.J.C. St-Amour, President of Imagine Lithium commented, \"Once we refocused on the Jackpot Lithium project our new geological team reviewed all the historical drill core from the 2018 drill program and immediately identified significant spodumene mineralization in unsampled core. I am pleased that the assay results confirm the visuals that we have been seeing at the Jackpot project. \"We are looking forward to seeing results from our current drill program, which is designed to not only test the main dike swarm but also to expand on the known historical resource area and investigate the extents of the known dikes as well as previously undrilled lithium showings. The drill program is progressing well, with five holes completed with samples in the lab.\" Table 1: Assay Results from Previously Unsampled Drill Holes (2018), Jackpot Property.DDH_IDLi2O (wt.%)Interval (m)From (m)To (m)J_18_M_041.288.0036.0044.00J-18_M_031.028.8066.2075.00J_18_M_020.812.7077.3080.00and0.434.2082.0086.20J_18_M_010.694.0080.0084.00 Figure 1: Collar Locations for the 2018 and 2022 Drill Programs. To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2962/123571_34f601bc84b84b77_002full.jpgFurther to our news release dated March 21, 2022, the Company announces that the issuance of 8,000 common shares for the purchase of additional ground within the Jackpot property are payable 50% to Gravel Ridge Resources Ltd. (controlled by Michael Frymire and Pamela Katie Misener) and 50% to 154423 Ontario Inc. (controlled by Julia English and Perry English). In addition, the agreement with the First Nations Groups was signed on March 18, 2022.About JackpotThe Jackpot Lithium property, located in the Georgia Lake Area about 140 ...