Business
International Lithium Expands Raleigh Lake Lithium Project Area
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - International Lithium Corp. ...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Expands Raleigh Lake Lithium Project AreaVancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") announces that it has acquired through staking more than 14,000 hectares of claims in the vicinity of the Raleigh Lake lithium and rubidium project in Ontario, Canada, bringing the Raleigh Lake project area to just over 17,000 hectares (170 square kilometres). The new claims were staked within the Raleigh Lake Greenstone Belt adjacent to the pre-existing Raleigh Lake claim grouping.The Company's ongoing investigations in the region determined that the surrounding greenstone belt is significantly underexplored and the potential to host additional mineral deposits is quite high. Previous exploration by Canadian Nickel Co Ltd. in the early 1970s had identified pegmatite in drill holes that were targeting nickel mineralization. The Company intends to conduct an airborne geophysical survey as soon as practical as the first phase of exploration on the newly acquired claims.John Wisbey, Chairman and CEO of International Lithium Corp. commented as follows:Raleigh Lake is ILC's major project in North America, and has the great economic benefit relative to many other Canadian lithium projects of being close to major transport infrastructure. Our drilling earlier this year in Zone 1 of the claims (around 5% by area of our new total claims) validated interesting quantities of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. Expanding the area of our claims in the area significantly was a logical move. The money we have raised this year will allow us to make good progress with further exploration and in being able to publish some initial minimum estimates of the size of resource.Qualified personJon Findlay, Ph.D, P.Geo, a consultant to the Company and a \"Qualified Person\" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.About International Lithium Corp.International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and i...