Mr. Allan Frame reports
BEYOND LITHIUM PROVIDES SAMPLING AND EXPLORATION UPDATE FROM MULTIPLE PROPERTIES AS PART OF ITS PHASE 1 EXPLORATION PROGRAM IN ONTARIO
Beyond Lithium Inc. has provided an update on the continuing 2023 phase 1 exploration program that has now prospected a total of 25 properties encompassing a combined 78,061 hectares.
Highlights
- A total of 25 properties have been prospected encompassing a combined 78,061 hectares of Beyond Lithium's more than 150,000 hectares in Ontario.
- Since the last exploration program press release dated May 26, 10 more properties have been prospected.
- Historical drill hole MET-01 from the Sollas Lake property (4,730 hectares) has been relogged by the company's senior geologist and sampled by the Ontario resident geologist based in Thunder Bay.
- Four historical drill holes from the Oneman Lake property (578 hectares) will be relogged and sampled by the company's Senior Geologist in the coming days. Pegmatite dikes were noted in the historical drill logs and recorded in assessment file: 52L07SE0003.
- Currently, one crew is prospecting in the Eastern English River district. Three additional crews return to the field tomorrow to focus on the McKenzie Bay and the Western English River districts.
- Two hundred ninety grab and channel samples have been submitted to the lab for analysis. The first batch of assays is expected to be received and announced by the beginning of July.
- A total of 454 historical drill holes have been drilled on 15 of the Beyond Lithium's projects according to the Ontario Drill Hole Database. At least seven historical drill holes have been located in Ontario government core facilities and Beyond Lithium expects to locate additional cores as part of its phase 1 exploration program.
"Our fully funded phase 1 exploration program continues to proceed on schedule and on budget," shared Beyond Lithium's president and chief executive officer, Allan Frame. "Having already covered so much ground is a testament to the leadership of our VP of exploration, Lawrence Tsang, and the dedication of our field crew. We have a large number of samples at the lab, and we have started the process of relogging and sampling historical drill cores. I expect we will be announcing assay results by the beginning of July."
Currently, one crew is prospecting in the Eastern English River district. The three additional crews are heading back to the field tomorrow, June 16, to begin prospecting in the McKenzie Bay and Western English River districts.
Over 350 grab and channel samples have been collected from the different properties thus far and 290 of them have been submitted to the lab for analysis. An initial compilation of field data and outcrop mapping show possible mineral zonation with tourmaline, garnet and beryl locally in a several properties including the Temple Bay (5,110 hectares), the Cosgrave Lake (6,269 hectares) and the Laval (1,041 hectares) properties.
The relogging program of historical drill cores is led by Beyond Lithium's senior geologist, Paul Baxter. He has completed the relogging of the Sollas Lake property's (4,730 hectares) core and will finish relogging and sampling four more historical drill cores from the Oneman Lake property (578 hectares) by June 17. Additional historical cores are expected to be relogged and assayed in the second half of June.
A total of 454 historical drill holes have been drilled on 15 of the Beyond Lithium's projects according to the Ontario Drill Hole Database. At least seven historical drill holes have been located in Ontario government core facilities and Beyond Lithium expects to locate additional cores as part of its phase 1 exploration program.
Phase 1 exploration program update
The 64 Beyond Lithium properties located in Ontario are greenfield exploration properties that historically have not been prospected or explored specifically for lithium or lithium-cesium-tantalum pegmatites. Beyond Lithium has reviewed the historical and regional data available of all the properties and georeferenced most of the 500 mapped pegmatite outcrops.
The phase 1 exploration program is designed to sample, map and assess over 500 mapped pegmatites across all 64 Beyond Lithium properties totalling over 150,000 hectares with the possibility of an initial drill program to follow up on any high-priority targets. One of the main objectives of the phase 1 program is to collect sufficient samples to build up a geochemical database for classifying the different properties. Most of the properties are accessible via highways and logging roads which allow the field crews to prospect the properties efficiently. The phase 2 program will involve more detailed mappings and samplings intended for delineating potential drill targets.
Beyond Lithium has four field crews which includes a senior geologist/supervisor for a total of 11 people working in the field for the phase 1 program. To date, the field crews have visited 25 properties covering the Dryden Mavis, the Escape Lake, the Hearst and the Mountainry districts. One crew is currently prospecting in the Eastern English district and the other three crews will focus on the McKenzie Bay and the Western English River districts when they return from their breaks. Helicopter charter is being arranged for the Lily Pad Lake and the PAK and SPARK districts, aiming to start in early July. The prospecting of the three properties located in the Case Lake district is on hold due to forest fires in the area, and will be postponed until the access restriction is lifted.
Historical drill hole, MET-01, from the Sollas Lake property was relogged by Beyond Lithium's senior geologist and sampled by the Ontario resident geologist based in Thunder Bay. A 3.50-metre-wide two micas pegmatite dike was logged from 89.04 m to 92.54 m at depth. The geochemistry from the drill hole samples could potentially be correlated with surface samples to vector any geochemistry zonation on the property. Four historical drill holes from the Oneman property will be relogged and sampled by the company's senior geologist and are expected to be completed by June 17. Further historical cores are expected to be relogged and assayed in the second half of June.
To date, over 350 grab and channel samples have been collected from the different properties and 290 samples have been submitted to the lab for analysis. The first batch of assays is expected to be received and announced by the beginning of July.
An initial compilation of field data and outcrop mapping show potential minerals zonation with tourmaline, garnet and beryl locally on several properties including the Temple Bay (5,110 hectares), the Cosgrave Lake (6,269 hectares) and the Laval (1,041 hectares) properties.
The Temple Bay property (5,110 hectares) is located 32 kilomeyres west of Dryden or 47 km west of the Mavis Lake lithium property owned by Critical Resources Ltd. that has planned a 20,000 m drill program on its Mavis Lake property in 2023. The Temple Bay property can be accessed via highway and logging roads. A few white pegmatites ranging from 0.3 m to five m wide have been mapped and sampled across the property. The assays of the collected samples from the Temple Bay property are expected to be available by early July.
The Cosgrave Lake property encompasses a total of 6,269 hectares, located about 125 km northeast of Thunder Bay and is situated three km by road from the TransCanada Highway (Hwy 11). The property can be accessed via highway and logging roads and is contiguous to Imagine Lithium. Imagine Lithium's Jackpot lithium project has a historical resource of two million tons at 1.09 per cent Li2O. Field crews located and sampled several pegmatites across the property mainly with muscovite-tourmaline-garnet. In the southwestern part of the property, a beryl-bearing pegmatite was recognized and was channel sampled perpendicularly to strike at one m interval. The assays from the channel sampled beryl-bearing pegmatite are expected to be received and announced by early July.
Qualified person and third party data
The scientific and technical information in this news release has been reviewed and approved by Lawrence Tsang, PGeo, vice-president of exploration of the company. Mr. Tsang is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Beyond Lithium Inc.
Beyond Lithium is the largest greenfield lithium exploration player in Ontario with 64 high-potential greenfield lithium properties totalling over 150,000 hectares. The company has adopted the project generator business model to maximize funds available for exploration projects, while minimizing shareholder dilution. Beyond Lithium is advancing certain of its projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-financed exploration and long-term residual exposure to exploration success. Beyond Lithium currently has 28,259,658 common shares outstanding (market cap of $6.2-million as of June 15, 2023).
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