Exciting Discoveries at the Preissac Project
Consolidated Lithium Metals Inc. (TSXV: CLM) is thrilled to announce significant progress at its Preissac Project. The company has kicked off its 2025 exploration campaign, revealing noteworthy findings that could enhance its position in the lithium market.
The Recent Pegmatite Discovery
During the summer exploration efforts, a trench measuring 100 meters in length and 30 meters in width was excavated in an area previously identified for lithium (Li) soil anomalies. This excavation has uncovered an impressive 18-meter-wide pegmatite body, indicating the presence of valuable mineralized structures right at the surface.
Sampling and Analysis
Following the trenching, a rigorous channel sampling program was executed. In total, 25 channel samples were collected, meticulously prepared, and logged in detail. All samples, including quality assurance and quality control (QA/QC) samples, were dispatched to Impact Global Solutions Inc. for comprehensive analysis. Recent soil and bio-sampling efforts along the predicted strike of the pegmatites have also been undertaken, reinforcing the company's commitment to thorough exploration.
Insights from Soil Sampling Campaign
Across the Preissac-Lacorne property, a robust 15m-by-15m grid was established for the bio/soil sampling program, which took place in the months prior to the recent discoveries. This effort aimed to investigate the lithium and copper anomalies detected during a wide-ranging soil sampling campaign executed in 2022. A total of 279 bio and 252 soil samples were systematically collected and prepared, further analyzed by the labs in Quebec. All samples underwent stringent QA/QC protocols to ensure data accuracy.
Methodology of Soil Analysis
Soil samples were meticulously collected from the B-horizon and shipped in plastic bags for laboratory geochemical analysis. Once in the lab, the samples were dried, weighed, crushed, and split into subsamples for further testing. One subsample underwent a pulverization process, ensuring a significant portion of the material passed through a 75-micron sieve, crucial for the subsequent digestions and analyses through various techniques.
Future Exploration Plans
Dr. Andreas Rompel, the Vice President of Exploration, expressed enthusiasm for the newly discovered pegmatite, emphasizing that this initial exposure represents just the start of their explorative ventures at Preissac. The area is known as one of the least explored sections within the CLM portfolio, and additional trenching is anticipated to further investigate the soil anomalies flagged in earlier surveys.
Recent Financing Activities
In addition to the exploration updates, Consolidated Lithium Metals also disclosed the successful closure of a non-brokered private placement financing of units at $0.01 per unit. This financing raised up to $300,000, with an initial tranche closed earlier in the year for gross proceeds exceeding $210,000. The funds from this financing will be pivotal for advancing the company's exploration initiatives and unlocking more potential within their projects.
About Consolidated Lithium Metals Inc.
Consolidated Lithium Metals Inc. is a Canadian junior mining exploration entity, trading under the symbol 'CLM' on the TSX Venture Exchange, with a commitment to explore, acquire, and develop mining properties primarily concentrated within the lithium-rich pegmatites of Quebec. Their strategic operations center around the La Corne Batholith, which is in close proximity to North American Lithium's established lithium mine.
Stay Connected
For continued updates on the exploration progress and corporate activities, interested parties can contact Brené Bharti, Vice President of Corporate Development. He is accessible via email or by telephone for any inquiries or further information needed regarding the company's projects.
Frequently Asked Questions
What recent discoveries has Consolidated Lithium Metals made?
The company recently discovered a substantial 18-meter-wide pegmatite body during its exploration campaign at the Preissac Project.
What is the purpose of the soil sampling program?
The soil sampling program aims to assess lithium and copper anomalies within the Preissac property, which were detected in previous campaigns.
How many samples were collected during the recent campaigns?
A total of 279 bio samples and 252 soil samples were collected and analyzed in the company's recent exploration activities.
What are Consolidated Lithium's plans for future exploration?
Plans include further trenching and exploration efforts to thoroughly investigate soil anomalies and continue developing the newly exposed pegmatite area.
How much funding has been raised through recent financings?
The company successfully raised up to $300,000 through a recent non-brokered private placement financing.
