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Vital Battery Metals Inc
Symbol VBAM
Shares Issued 50,437,276
Close 2024-09-23 C$ 0.145
Market Cap C$ 7,313,405
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Vital Battery Metals begins drilling at Sting

2024-09-24 14:59 ET - News Release

Mr. Adrian Lamoureux reports

VITAL BATTERY METALS COMMENCES DRILLING AT THE COMPANY'S STING COPPER PROJECT

Vital Battery Metals Inc. has commenced drilling at the company's Sting copper project, located in western Newfoundland, Canada. This fully permitted program will consist of five to seven drill holes totalling more than 1,000 metres that will target recently identified sizable chargeability anomalies in the Jumbo/Red Lode and Lode No. 9 grids (see the company's news release dated Sept. 4, 2024), as well as anomalous soil sample results (see the company's news release dated Jan. 22, 2024) and prospective rock samples (see the company's news release dated July 11, 2024).

Highlights of the program include:

  • Drilling will begin southeast of the Jumbo showing (9.0 per cent copper across 9.1 metres) (assessment file No. 012G/08/0002) and then proceed to approximately 200 metres to 400 metres farther east of the showing to target additional prospective areas.
  • Further drilling is planned to the west of the Friar Tuck showing (3.7 grams per tonne gold over 0.9 metre (assessment file No. 012G/08/0078), which is coincident with multiple chargeability anomalies.
  • These drill holes are the first ever to target these showings and the areas covered by the recently completed IP survey.

Adrian Lamoureux, Vital's chief executive officer and president, commented: "Over the course of summer 2024, we have executed a robust exploration program to allow us to delineate exciting drill targets and we now are now eagerly awaiting the results that will emerge from this drill program. We are also compiling the results obtained from this summer's prospecting and soil sampling and are excited to update the market with these results."

JEA (junior exploration assistance) acknowledgment

Vital gratefully acknowledges the anticipated financial support of $95,691.86 to be provided by the 2024 Newfoundland and Labrador junior exploration assistance program toward the company's 2024 exploration activities. The 2024 junior exploration assistance budget is $3.9-million and includes: $1.3-million from provincial grant funds, $1.3-million from ACOA (Atlantic Canada Opportunities Agency) funded critical mineral assistance (CMA) and $1.3-million from the provincially funded provincial critical mineral assistance (PCMA). Funding is delivered in the form of rebates for eligible exploration activities.

Qualified person

The technical information contained in this news release has been reviewed by Dr. Alexander Timofeev, PhD, PGeo of Dahrouge Geological Consulting, who is a registered PGeo in Quebec and Newfoundland, Canada.

The results discussed in this document are historical. A qualified person has not performed sufficient work or data verification to validate these results in accordance with National Instrument 43-101. Although the historical results may not be reliable, Vital Battery Metals nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program.

About Vital Battery Metals Inc.

Vital Battery Metals is a mineral exploration company dedicated to the development of strategic projects comprising battery metals, base metals and precious metals in stable jurisdictions. The company is working to advance its Schofield lithium project, Dickson Lake lithium project and Sting copper project.

The Sting copper project covers approximately 12,700 hectares and hosts multiple historic Newfoundland and Labrador government-documented mineral occurrences and is located within a 50-kilometre corridor known for significant volcanogenic massive sulphide (VMS), copper quartz vein lode and low-sulphation epithermal gold showings.

The Schofield lithium project covers 8,824 hectares and is adjacent to Brunswick Exploration's Hearst lithium project. The Schofield lithium project is located approximately 60 kilometres south of Hearst, Ont. The Dickson Lake lithium project covers 464 single-cell mining claims and approximately 9,780 hectares and is near a Brunswick exploration lithium project, Imagine Lithium's Jackpot deposit and Rock Tech's Georgia Lake deposit.

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