Lithium And Copper Targets Identified
Vision Lithium Inc. (TSXV: VLI) has revealed the details of its exploration plans for 2021 on its lithium and copper assets located in Quebec, Manitoba and New Brunswick, Canada.
Copper Exploration
Red Brook, New Brunswick
The company’s Red Brook, Epithermal and Benjamin mineral exploration properties comprise three contiguous properties covering 4,760 ha (47.6 sq. km) located approximately 60 km west of the Bathurst volcanogenic massive sulphide (VMS) District. Historical outcrop sampling returned zinc values of up to 15% Zn as well as gold and copper values up to 2.62 g/t Au and 0.5% Cu. The property has seen limited drilling and has the potential to host copper porphyry-base metal skarn related mineralisation.
Over the past two months, the Company was active on the Red Brook copper asset and flew a ~900 km helicopter-borne magnetic and electromagnetic survey (MAG-EM) flown at 50-metre spacings over the property. The survey was flown at low altitude and collected high resolution data which is now being interpreted and correlated with historical sample results and drilling to identify high-priority drill targets.
Geophysics results and details of a planned 1,500m drill programme, testing targets will be released in Q2, with assay results to follow.
Ground exploration of the Benjamin and Epithermal properties which are east of Red Brook is also planned for the summer. Groundwork will include prospecting, trenching, and sampling. Results are to be expected in Q3.
Dôme Lemieux, Gaspésie, Québec
The Dôme Lemieux property covers 12,056 ha (120.6 sq. km) in Eastern Québec in the Gaspésie region and is located in a structural corridor that hosted past producing copper mines (e.g., the Madeleine Mine, which produced 8,134,000T @ 1.08% Cu and 9.0 g/t Ag prior to 1982, the Gaspé Copper Mine in Murdochville, which produced 141,655,000T @ 0.85% Cu from 1955 to 1999, and the Sullipek deposit, which has estimated historical resources of 1.84MT @ 1.39% Cu).
These mines are outside the Dôme Lemieux property boundaries but along the same geological structure. In the past, companies have worked on what is now the Dôme Lemieux property one small block at a time, without having a view of the entire mineralization and structural system.
Vision Lithium now owns the entire area and has the opportunity to work and understand the property as a whole mineralizing system, which in fact raises the potential for a major discovery.
The company has planned a 1,600 km helicopter-borne magnetic survey (MAG) in the current quarter. Interpretation of the survey will follow and be released in this quarter. These results will be correlated with historical work done on the property to identify drill targets.
Following geophysics interpretation, the company expects to launch a minimum of a 3,000-metre diamond drilling program, testing multiple deep porphyry copper targets and several shallower polymetallic (Cu-Zn; Zn-Pb-Ag, Au) targets.
Lithium Exploration
Godslith, Gods Lake, Manitoba
The Godslith lithium property covers 5,560 ha (55.6 sq. km) and is situated in Northern Manitoba. The property hosts an historical resource of 9.4 million tons at 1.21% Li2O. The deposit has only been tested to a depth of 243 m where historical drilling intersected 15.2 m grading 1.49% Li2O. Furthermore, the mineralised zone is recognised over at least 2.3 km along strike, making this an exceptional target for expansion.
Vision Lithium has applied for a Mineral Exploration License and is engaging in discussions with the Manto Sipi Cree Nation to sign an exploration agreement. Once the agreement is in place, the Company expects to immediately deploy a geological prospecting team to site to conduct ground proofing, terrain reconnaissance and sampling, as well as verify historical drill collars.
The company expects to initiate a 15,000 m to 20,000m drill programme targeting the historical Godslith lithium deposit over a 2 km strike length on 100 m sections down to 300 m vertical depth.
In addition, the company will commence a geochemical sample survey (MMI) in the vicinity of the deposit to test for addition mineralized zones outside the known deposit area.
Sirmac, Nemaska area, Québec
The Sirmac lithium property covers a total area of approximately 7,670 ha (76.7 sq. km) and is located approximately 180 km north-west of Chibougamau, in the province of Québec. The property hosts several lithium bearing dikes, including Dike No.5 and the Eastern Dike. Drilling on Dike No. 5 has returned up to 1.70% Li2O over 22 m starting at surface. In addition, Vision Lithium recently produced up to 99.99% lithium carbonate at Lakefield laboratory of SGS Canada Inc. as part of its metallurgical test work program.*
As soon as spring thaw is completed in the current quarter, Vision Lithium intends to deploy a ground crew to site to conduct a property wide prospecting and geochemical sampling (MMI) campaign with a goal to discover additional mineralized pegmatite Dikes on the property for follow up drilling.
Yves Rougerie, President and CEO, said assuming a successful prospecting season, the company will initiate a drill campaign this summer/fall.
“With the completion of our recent financing, we are capitalised to conduct an aggressive exploration programme on our properties with a focus on validating and building upon historical work that has been conducted by previous operators,” Mr Rougerie said.
“Assuming we have exploration success, the money we are spending in the coming year can be quickly leveraged into tangible valuable assets that are in demand globally as part of the global electrification of vehicles and supporting infrastructure. Copper and lithium prices have both rallied supporting our theory that these metals will continue to be in demand in future.
“I also think it is important to point out that all our assets are in politically stable and mining friendly jurisdictions with supportive governments and favourable tax jurisdictions, meaning more money can be spent in the ground to build value for our shareholders.”
