Toronto, Ontario–(Newsfile Corp. – May 14, 2024) – Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (ESF: 1QB0) (“Champion Electric” or the “Company”) is pleased to announce that it has crossed lithium in its first exploration drilling program at the western prospect at the James Bay, Quebec Lithium Property (the “Property”).
Hole EIQ24-007 intersected 10. 0 m (m) with 0. 42% Li2O, adding 3. 0 m with 0. 62% Li2O, 2. 0 m with 0. 50% Li2O, and 2. 0 m with 0. 54% Li2O. Hole EIQ24-008 intersected 1. 85 meters with 0. 56% Li2O (see Figure 1, Tables 1 and 2). These drill intersections originate from the western prospect at a high-priority pegmatite target directly upstream of the ice compared to spodumene grains reported in the past in the discovery.
Jonathan Buick, President and Chief Executive Officer, commented, “The discovery of a lithium-containing pegmatite in our first drilling program is a fantastic achievement. We have crossed the boundary of a mineralized formula that can expand northeastward for some distance. Our next box program will resume without delay northeast of the mineralized pegmatite, as spring thaw prevented access to drilling in that direction. We are still in the early stages of exploration on our sprawling property, but we have now established a successful exploration workflow that I intend to continue. It applies to the entire property. “
Lithium-containing periods were also anomalous in the pioneer of tantalum (Ta), cesium (Cs), niobium (Nb), and rubidium (Rb) (Table 1).
The spodumene crystals vary from light to medium green in colour and are up to 7 centimetres in length. Other associated minerals include quartz, albite, muscovite, white feldspar, orange feldspar and, less frequently, garnet.
The drill holes crossed a mixture of mafic volcanic rocks, iron formations rich in magnetite and tonalite. The initial interpretation is that the intersected pegmatite lies almost flat and outcrops beneath the glacier to a vertical intensity of about five meters (Figure 2). It is conceivable to enlarge those drill intersections to the northeast, where pegmatite outcrops containing Cs and K/Rb anomalies are located. The Company’s technical team used mapping, sampling, and geophysics to identify two parallel pegmatite rooms that enlarge over five kilometers (Figure 3). ). There are many outcrops and even samples that demonstrate that the pegmatites throughout the room are fractionated with a chemistry favorable to increased lithium mineralization. As exploration progresses along those rooms, the team will look for indications of several parallel or stacked mineralized pegmatites and/or a downward continuation of this initial shallow discovery.
Table 1: 2024 Drill Intersections
Table 2: Drill Hole LocationsFigure 1: Location map of the 2,024 drill holes (EIQ24-007/008 highlighted)
Figure 2: Cross section of QIS24-007 and QIS24-008
Figure 3: Exploration potential along strike
About the project
Champion Electric Lithium’s assets are near the Trans-Taiga Highway and cover the northern extension of the Greenstone belt of Lake Guyer, which is home to Patriot Battery Metals’ Corvette and Winsome Resources’ Cancet complex projects in Quebec’s prolific James Bay region (Figure 4).
Figure 4: Champion Electric Lithium Project Location Map
Quality Control/Quality Control
The NQ drill core was trucked from the drill site to the Camp Mirage core drilling facility via Vortex Drilling. All drill cores were recorded, photographed, and pegmatite periods were marked for sampling. The cores were partly cut with a diamond saw in periods of 1. 0 m. to ensure representativeness. Each sampling period includes part of the cut NQ drill core. Blanks and lithium-rated reference fabrics were inserted into every 25 patterns. Each pattern was bagged with a numbered label and groups of patterns were placed in larger, sealed bags. bags of rice to a chain of custody. All pattern preparation and test paints were carried out through the Activation Laboratories in Val D’or, Quebec. All effects passed the quality control check in the laboratory and all criteria and inserted blanks gave effects that were within appropriate limits.
Qualified Person
Dr. Eric Hébert, P. Geo. , Senior Geological Consultant, is a member (#0842) of the Ordre des Géologues du Québec (OGQ) and a Qualified Person as explained in National Instrument 43-101 and has reviewed and approved the technical requirements. contained in this press release. All facets of the drilling program were overseen through the Qualified Person.
About Champion Electric Metals Inc.
Champion Electric is a discovery-driven exploration company committed to advancing its highly prospective lithium projects in Quebec, Canada, and cobalt projects in Idaho, USA. U. S. In addition, the company owns the Baner Gold project in Idaho County and the Champagne polymetallic project in Butte. County, near Arco.
The Company’s shares are listed on the CSE under the symbol “LTHM”, on the OTCQB under the symbol “CHELF” and on the Frankfurt Stock Exchange under the symbol “1QB0”. Champion Electric strives to be an environmentally responsible steward, a shareholder and a contributing citizen to the local communities where it operates, taking its social license seriously, employing local grid members and service providers in its operations where possible.
ON BEHALF OF THE BOARD OF DIRECTORS OF CHAMPION ELECTRIC “Jonathan Buick” Jonathan Buick, President and Chief Executive Officer
For more information, see the company’s SEDAR profile on www. sedarplus. ca or the company’s online page on www. champem. com.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITY IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE OR SOLICITATION OF SECURITIES IN ANY STATE OF THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.
Warnings
Neither the Canadian Securities Exchange nor its Regulatory Service Provider has reviewed and accepts responsibility for the adequacy or accuracy of this press release. This press release would possibly involve forward-looking data within the meaning of Canadian securities law relating to the Company’s business. Forward-looking data is based on certain key expectations and assumptions made through the Company’s management, adding the end of transactions and prospectivity of lithium projects. Although the Company believes that the expectations and assumptions on which such forward-looking data are based are reasonable. Undue reliance should not be placed on forward-looking data, as the Company cannot guarantee that it will prove to be accurate. The forward-looking statements implied in this press release are made as of the date of this press release. The Company disclaims any purpose or legal duty to publicly update any forward-looking data, whether as a result of new data, occasions or long-term effects or otherwise, except as required by applicable securities laws.
The projects are at an early stage of exploration and the Company advises that the Qualified Persons who reviewed and approved this news release have verified the clinical or technical data produced through third parties.
Revival Gold is a growth-oriented gold exploration and progression company. The company has the right to obtain a 100 percent interest in the former Beartrack Gold project, located in Lemhi County, Idaho. Beartrack-Arnett is the largest. . . LEARN MORE