VANCOUVER, British Columbia and SYDNEY, Australia, Jan. 30, 2023 

 

Highlights

 

Significant Drill Intercepts

 

High-grade lithium mineralization returned from the 2022 drill campaign’s easternmost drill hole at the CV5 Pegmatite – drill hole CV22-093.

52.2 m at 3.34% Li2O (219.1 m to 271.2 m), including 15.0 m at 5.10% Li2O (CV22-093).
 

Strongly mineralized drill intersection further delineating the high-grade zone (herein termed the “Nova Zone”), previously identified in drill holes CV22-017, 042, 066, and 083.

131.2 m at 1.96% Li2O (250.8 m to 382.0 m), including 57.0 m at 2.97% Li2O (CV22-100).
 

Drill hole CV22-093 continues to extend mineralization eastwardly at the CV5 Pegmatite and is interpreted to have intersected part of the large, high-grade Nova Zone within the overall pegmatite system that has now been defined by several drill holes, including CV22-017, 042, 066, 083, 093, and 100 over a strike length of at least 350 metres.

Extension of the CV5 Pegmatite eastwardly, and thus the high-grade Nova Zone, is currently being tested with the first series of drill holes as part of the 2023 winter drill program.

Highlights

 

Significant Drill Intercepts

 

The widest, highest grade lithium drill intercept returned to date at the CV5 Pegmatite – drill hole CV22-083

156.9 m at 2.12% Li2O (176.4 m to 333.4 m), including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22-083)
 

Drill hole CV22-083 continues to extend mineralization eastwardly at the CV5 Pegmatite, and is interpreted to have intersected part of a large, high-grade ‘zone’ within the overall pegmatite that now has been defined by several drill holes, including CV22-017, 042, 066, and 083 over a strike length of at least 250 m

Extension of the high-grade zone eastwardly to be tested with the first series of drill holes as part of the 2023 winter drill program
 

Additional significant drill intercepts in the most recent results follow;

45.3 m at 1.72% Li2O (205.8 m to 251.0 m), including 31.0 m at 2.11% Li2O (CV22-069)

31.2 m at 1.95% Li2O (163.0 m to 194.2 m), including 9.0 m at 2.78% Li2O (CV22-070)

49.5 m at 1.33% Li2O (80.6 m to 130.1 m) (CV22-080)

41.3 m at 1.01% Li2O (96.5 m to 137.7 m), including 12.0 m at 1.59% Li2O (CV22-075)

CALGARY, AB, Nov. 28, 2022 - E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), Alberta's leading lithium developer and extraction technology innovator, today announced it has received a $27M CAD investment from the Government of Canada's Innovation, Science and Economic Development's Strategic Innovation Fund (SIF).

 

The SIF's objective is to spur innovation for a better Canada by providing funding for large projects and national innovation ecosystems. With today's announcement, E3 Lithium (E3) joins such companies as Rio Tinto (ASX: RIO), Stellantis (NYSE: STLA) and General Motors (NYSE: GM) who have recently received funding under this program.

 

"Canada has everything it needs to build the EVs and batteries that consumers are demanding, and Alberta is key to building that ecosystem and accelerating the low carbon economy. E3 Lithium's ground-breaking technology will play an important role in providing large quantities of battery grade lithium to the auto industry while also creating high quality jobs for Canadians. This project will help position Canada as a world leader in batteries and will strengthen the critical minerals sector in the Calgary region."

– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

TORONTO, Sept. 26, 2022 -- Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF) ("Lithium Ionic" or the "Company") reports additional positive drilling results from the Galvani claims, which the Company recently acquired (see Sept. 12, 2022, press release) following a due diligence review. The Galvani claims, as well as its neighbouring 100%-owned Itinga Lithium Project (Areas 1-5) are located in the state of Minas Gerais, Brazil, in the same district as the lithium producing CBL mine and Sigma Lithium's Barreiro deposit (20.4Mt grading 1.4% Li2O) (see Figure 1, location map).

 

New Galvani Drill Intercept Highlights (See Figure 2 and Table 1)

 

1.71% Li2O over 21.91m (Hole ARDD-22-025)

1.53% Li2O over 46.21m, incl. 2.22% Li2O over 12.49m

and 1.14% Li2O over 12.88m, incl. 1.66% Li2O over 5.43m (Hole ARDD-22-021)

1.30% Li2O over 19.19m, incl. 1.83% Li2O over 4.44m (Hole ARDD-22-022)