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Spod Lithium Provides Exploration Update on Northwestern Ontario Lithium Projects
VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:EEEXF) is pleased to announce re
About this update from Spod Lithium Corp
[{"type":"text","content":" VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:EEEXF) is pleased to announce results from a reconnaissance exploration program on the Niemi Pegmatite Project, carried out in the fall of 2022, which confirmed lithium-bearing pegmatites near the historic Niemi Occurrence (Ontario Geological Survey MDI42E05SW00017). The geological study was conducted in conjunction with a site visit for an upcoming NI 43-101 technical report which will focus on the Niemi and North Nipigon. Grab samples taken on the project as part of the site visit returned up to 0.38 % Li20. The NI 43-101 report is nearly complete and will be submitted for review in the coming weeks. SPOD is earning a 100% interest in three northwestern Ontario based pegmatite projects: North Nipigon – Niemi, Ferdinand Lake and the Byron Pegmatite. The North Nipigon – Niemi Project is adjacent to Rock Tech’s Georgia Lake Deposit and Imagine Lithium’s Jackpot project (Figure 1). The Ferdinand Project is in the Birch-Uchi Sub-province and is host to the Ferdinand No. 1 & No. 2 mineral occurrences, which have not had significant exploration work since 1982. Finally, the Byron Pegmatite project is a highly prospective land package on Highway 17, west of Thunder Bay, ON, near International Lithium’s Raleigh Lake project. Figure 1 shows the North Nipigon – Niemi Project with Rock Tech and Imagine Lithium’s developing deposits. SPOD will retain DCX Geological Consulting to design and implement an aggressive exploration program on all three projects, commencing in the spring of 2023. The exploration program will include exploration permit applications, geophysical interpretation and targeting, geological mapping, geochemical sampling, bedrock stripping and diamond drilling. HIGHLIGHTS Major strategic land position in prospective lithium pegmatite regions; Large, underexplored property portfolios include a total of 11,086 hectares in three projects: North Nipigon - Neimi Project totaling 8,679 hectares adjacent to the Georgia Lake Deposit and Jackpot Pegmatite; Ferdinand Project totaling 506 hectares hosts the Ferdinand No. 1 & No. 2 occurrences (Ontario Geological Survey MDI52O04NW00006 & MDI52O04NW00007); Byron Project totaling 1,901 hectares of underexplored pegmatite-bearing and potentially li...