Business
Spod Lithium Completes Phase 1 of Exploration Program at Lithium Grande 4 and Megali Lithium Projects in James Bay Quebec
Highlights: 25 days of fieldwork exploration were completed over both properties. A total of 229 rock-chip samples were taken over the 2 properties and have bee
About this update from Spod Lithium Corp
[{"type":"text","content":" Highlights: 25 days of fieldwork exploration were completed over both properties. A total of 229 rock-chip samples were taken over the 2 properties and have been sent to ALS Laboratories for alkaline fusion assaying with results pending. An aeromagnetic, VLF (very-low-frequency) electromagnetic and radiometric survey was flown over the entire claim group. Ground micro-gravity survey was completed over 0.8 to 1.2 km lines totalling 488 stations. Several pegmatite outcrops have been identified and sampled. Observation shows the potential to identify large pegmatites on Block C. Pegmatites are concentrated in 500-metre-wide swarms recognized over a kilometric strike length. Mineralogical and textural characteristics observed allow to link Block C pegmatites to the LCT type (Lithium-Cesium-Tantalum). The MegaLi project shares its border with Patriot Battery Metals Inc’s Corvette property and is located about 3 km south from CV5 pegmatite system. The CV5 pegmatite contains 109.2 Mt of inferred resources at 1.42% LiO2 contains in spodumene (Patriot Battery Metals, Corporate presentation, December 2023, (Presentation - Patriot Battery Metals). VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB: SPODF) is pleased to report that the company has completed the 1st phase of its exploration program on its MegaLi ( 78 mineral claims covering a total area of 3,996.67 hectares - 40 square kilometres) and Lithium Grande 4 ( 41 mining claims covering 2,100 hectares - 21 square kilometres) projects located in James Bay, Quebec. In addition to ground fieldwork grab sampling over a 25-day period, the company also contracted ALS Goldspot Discoveries Ltd. and Prospectair to complete a series of airborne surveys over the James Bay properties. ALS Goldspot's M-PASS multiparameter platform consists of a triaxial magnetic gradient magnetic/VLF (very-low frequencey) platform and a 2,048-channel radiometric sensor, along with a high-precision LiDar sensor and high-resolution cameras capable of producing four band imagery. Prospectair flew 1,209km of lines at 50 meters spacing. The airborne survey aims to map the geology and identify structural trends on the property where the presence of pegmatites exists, which often correspond with magnetic lows often associated with...