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Newfoundland Discovery Provides Updates on its Lithium & Gold Projects in Quebec, Canada
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" o
About this update from Newfoundland Discovery Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) (\"Newfoundland Discovery\" or the \"Company\") is pleased to provide updates from its 100%-owned Chubb and Bouvier Lithium projects and its Fenelon Gold project package all located in Quebec, Canada. Chubb & Bouvier Lithium Properties Both the Chubb and Bouvier Lithium projects are hosted within the La Corne pegmatite field 35 km north of Val d'Or, Quebec. The La Corne Pegmatite field is home to Sayona Mining's North American Lithium deposit while their Authier project is situated in the La Motte batholith. Both of these projects hold a total JORC combined resource of 119.1 million tonnes at 1.05% Li2O, see (https://sayonamining.com.au/wp/wp-content/uploads/2022/03/SYA_Doubling-resource-base_1-Mar-22.pdf). The drilling programs on the Company's lithium properties are now completed, and all assay results have been obtained. For the Chubb Project, 14 diamond drill holes for a total of 2,208 metres were drilled. The strategic aim of this program was to drill an area that was not accessible in the previous drill phase to test the strike length of 2021's successful drilling results. Highlights include: 1.1% Li2O over 13.7 metres from diamond drill hole DDH 22-CH-17. 0.43% Li2O over 7 metres in hole 22-CH-25 and 1.04% Li2O over 6.8 metres in hole DDH 22-CH-27. Figure 1: Bouvier Property location map which highlights proximity to the Chubb Property both located within Canada's very active Lacorne pegmatite field. Previous sampling of the Bouvier showing last October returned values of up to 3.75% lithium (\"Li2O\") and 5870 ppm rubidium (\"Rb\") in two separate grab samples. In early 2022, the Company completed 3 diamond drill holes totalling 526.5 metres. Highlights include hole 22-BOU-01 which intersected two pegmatites returning 2.7% Li2O over 1.5 metres with the second pegmatite returning 0.336% Li2O over 16.1 metres. Drill hole 22-BOU-02 returned 0.75% Li2O over 10.1 metres. The Bouvier property saw sporadic mining exploration from the early 1950s to 1979 that included geological mapping, rock sampling, trenching and diamond drilling. A bulk sample taken by Teck Corporation and reported in their 1979 Annual Report, returned an average grade of 1.39% Li2O and an estimated \"possible\" historical...