13:33:46 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Spod Lithium Corp
Symbol SPOD
Shares Issued 50,468,715
Close 2023-06-01 C$ 0.12
Market Cap C$ 6,056,246
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Spod Lithium to begin exploration at James Bay project

2023-06-01 13:47 ET - News Release

Mr. Chris Cooper reports

SPOD LITHIUM CORP. TO BEGIN EXPLORATION PROGRAM AT JAMES BAY QUEBEC PROJECT

Spod Lithium Corp. has released its further exploration plan for the company's Megali and Lithium Grande 4 properties in the James Bay region in the province of Quebec. Both the Megali and Lithium Grande 4 projects are adjacent to Patriot Battery Metals' project, and less than 2.7 kilometres south-south-east (Megali) and less than 2.0 km south (Lithium Grande 4) from Patriot's newly discovered Corvette lithium deposit.

The Megali property consists of 78 mineral claims covering a total area of 3,996.67 hectares (40 square kilometres) and the Lithium Grande 4 project consists of 41 mining claims covering 2,100 hectares (21 square kilometres).

The company has executed a technical services agreement with ALS GoldSpot Discoveries Ltd. for the collection and processing of geophysical and geomatics data with GoldSpot's multiparameter airborne survey system (M-PASS) over the Megali and Lithium Grande 4 properties. GoldSpot will conduct an airborne acquisition with its multiparameter airborne survey system over Spod's properties. ALS GoldSpot's M-PASS platform consists of a triaxial magnetic gradient magnetic/VLF platform, 2048 channel radiometric sensor along with a high-precision lidar (light detection and ranging) sensor and high-resolution cameras capable of producing four band imagery. The airborne survey aims to map the geology and identify geological trends more likely to contain pegmatite swarms, which often correspond to specific topographic features with magnetic lows and will serve as a valuable guide for the company's further exploration campaign this upcoming summer.

Chris Cooper, Spod Lithium's chief executive officer, commented: "It is very exciting to start-up our exploration activities on the Megali and Lithium Grande 4 projects. We are confident the mag and lidar survey will provide invaluable data that will enable phase 2 of our summer field exploration program to be a major success, and hopefully lead to the discovery of lithium-bearing pegmatites."

Qualified person

Martin Demers, PGeo, (ogq No. 770) and qualified person as defined by National Instrument 43-101, has reviewed the technical information in this news release.

About Spod Lithium Corp.

Spod Lithium is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base and precious metals. The company's flagship assets are its lithium properties located in the James Bay region of Quebec and the Nipigon and Niemi region of Ontario, Canada.

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