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Clear Sky Lithium begins fieldwork at ELi

2022-09-28 14:33 ET - News Release

Mr. Patrick Morris reports


Clear Sky Lithium Corp. has initiated a fieldwork program for its 100-per-cent-owned ELi claystone lithium project in central Nevada.

The company has engaged Tigren Inc. of Reno, Nev., to provide geological services. Tigren is a comprehensive discovery-focused services company that specializes in advancing underexplored properties through its technical field services. Tigren is controlled by Marco Montecinos, a director of the company.

Company chief executive officer and director Patrick Morris notes: "Lithium concentrations of 300 ppm [parts per million] and above are considered prospective in nature. We are excited to build upon our initial grab sample results, which included a sample with over 1,000 ppm of lithium and have our work plan get under way in Nevada. Tigren is scheduled to start the sampling program in early October to support the ongoing mapping program. We've got a solid foundation in terms of concept, team, jurisdiction, property and plans for processing technology solutions to support the growing wave of demand for lithium products. We intend for this to be a busy season ahead as we continue to unearth the value and opportunity of this exciting sector."

The detailed work program will include an auger sampling program and detailed geological mapping of the project. The objective of the work program is to gain better resolution and further delineate the size, continuity and shape of near-surface lithium mineralization at the ELi property, as well as gain an additional understanding of exploration vectors and geological controls on the lithium mineralization. The auger program is planned to optimize sample integrity and representation across the property.

Located in Nevada's Little Smokey Valley, the ELi property was first sampled in 2019. In June, the company shared the current sampling conducted to date. Initial fieldwork by Clear Sky consists of a surface sample dataset covering the property at a 200-metre-by-450-metre grid and upgrading infill sampling over a historic sampling area. This dataset includes 134 grab samples with results ranging from 45 to 801 ppm lithium with an average grade of 292 ppm. As previously released, during a site visit during Q2 2022, additional surficial samples were collected and ranged in grade from 278 ppm to 1,023 ppm lihtium (Li) with an average grade of 695 ppm Li.

The lithium-bearing rocks within the project area are referred to as tuffaceous and other young tertiary sedimentary rocks in digital geologic models generated by the Nevada Bureau of Mines. This unit is believed to have a strong volcanic component. In northern Nye county, the unit is referred to as the Horse Camp formation which correlates with the Esmeralda formation in the Mineral and Esmeralda counties. It has also been correlated with older lake beds in the southern Nye, Lincoln, Clark and Humboldt counties. It corresponds to units Ts3 and Tts from the 1978 state map and is present in all counties of Nevada.

Within the state, there are multiple lithium projects in a variety of early to advanced stages. Nevada currently hosts the only operating lithium mine in the United States. The USGS first publication on sedimentary-hosted lithium (claystone lithium) was not until 1991, making it one of the newer deposit types in exploration. On its ELi property, Clear Sky is actively investigating the presence and quality of lithium-bearing sedimentary deposits and their suitability as candidate feedstock for innovative next-generation extraction and processing technologies.

Clear Sky Lithium advises the public that, as part of its disclosure obligations as a public issuer, all material and regulatory filings can be found on SEDAR. The company also invites the public to visit its website and to sign up to its news alerts to be advised of future news releases and related company information. Please also ensure you watch the video which is now available on the website.

Anna Hicken, PGeo, of Geomax Consulting, a consultant to the company, is the qualified person as defined in National Instrument 43-101, who has reviewed and approved the scientific and technical content of the press release. All sampling completed by Clear Sky within the exploration program are subject to a company standard of internal quality control and quality assurance programs which include the insertion of certified reference materials, blank materials and pulp duplicate analysis. All samples are sent to American Assay Labs located in Reno, Nev., where they are processed for lithium analysis by ICP-5AM48. American Assay Labs quality systems conform to requirements of ISO/IEC standard 17025 guidelines and meets assay requirements outlined for NI 43-101. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.

Surface claystone samples are selective in nature and may not represent the true grade or style of the mineralization across the entire property.

About Clear Sky Lithium Corp.

Clear Sky Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The company holds interests on the ELi property in Nevada. The company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner.

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