VAL-D’OR, QC, April 22, 2021 /CNW Telbec/ – Vision Lithium Inc.
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.
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.
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 mineralized zone is recognized over at least 2.3 km along strike, making this an exceptional target for expansion.
*See Vision Lithium’s press release dated February 16, 2021 and the independent technical report on the property, dated August 26, 2009, prepared for First Lithium Resources Inc.
The Sirmac lithium property covers a total area of approximately 7,670 ha and is located approximately 180 km north-west of Chibougamau, in the province of Québec.
Yves Rougerie, President and CEO of Vision Lithium said, “With the completion of our recent financing, we are capitalized to conduct an aggressive exploration program on our properties with a focus on validating and building upon historical work that has been conducted by previous operators.
While the Company considers historical estimates to be relevant to investors, as they may indicate the presence of mineralization, the Qualified Person has not done sufficient work for the Company to classify the historical estimates as current “mineral resources” or “mineral reserves” .
Vision Lithium is committed to discovering new world class assets and bringing these assets to production, starting with the Godslith lithium property located in Manitoba; the Sirmac lithium property and the Dôme Lemieux copper-zinc property, both located in Quebec; and its polymetallic properties in New Brunswick.
Such risks and other factors include, but are not limited to: additional drilling and exploration may lead to a determination that there is no potentially viable mine plan for any of the Company’s properties; general business, economic, competitive, political and social uncertainties; delay or failure to receive board, stakeholder or regulatory approvals; the ability of the Company to execute and achieve its business objectives; changes in equity markets; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR at www.sedar.com.