Exciting Lithium Discoveries at Consolidated Lithium Metals

Significant Lithium Discoveries at Consolidated Lithium Metals

Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) has recently released exciting new findings from their latest soil sampling campaign. With a focus on their 100% owned Baillargé Property, along with East Vallée and Preissac properties, CLM has detected multiple soil anomalies that suggest significant lithium presence in the area.

Results of the Soil Sampling Campaign

In a targeted soil sampling effort, the company collected 206 soil samples, leading to the identification of 29 anomalies exceeding 100 ppm lithium, with four anomalies exceeding 200 ppm lithium. Most of these anomalies were found in proximity to newly discovered pegmatite dykes located in the northeastern section of the Baillargé Property. This recent campaign was conducted in November and builds on CLM's efforts to uncover valuable mineral resources in the Abitibi Greenstone Belt.

Details on the Sampling Locations

The samples were strategically collected at designated locations to focus on areas of interest. The Baillargé Property stood out with the most compelling findings. Analysis conducted by the company revealed a significant number of soil samples exhibiting elevated lithium levels, indicating promising potential for lithium extraction.

Upcoming Exploration Initiatives

The outcomes of the soil sampling have led to an elevated interest in the northeastern area of the Baillargé Property, which will now be prioritized for subsequent exploration activities. Moving forward, CLM plans to implement a multi-phased exploration program, with an initial focus slated for early 2025.

Exploration Program Overview

CLM's exploration strategy is split into two primary phases. Phase I will involve additional prospecting in areas near the pegmatite dykes, particularly in zones currently undergoing governmental logging operations. The high-priority target region is directly adjacent to known lithium-bearing pegmatites, adding confidence to the potential to uncover further resource deposits.

Phase II: Detailed Evaluations

Following the Phase I initiatives, Phase II will expand exploration efforts to include outcrop stripping, trenching, and channel sampling, contingent upon the results obtained from earlier stages. By progressively dissecting the geological landscape, CLM aims to enhance their understanding and exploration of lithium-bearing minerals.

Joint Venture and Ownership Insights

In a notable move, Consolidated Lithium Metals has confirmed its retained 75% ownership stake in the Vallée JV Property. This arrangement stems from a preceding agreement with North American Lithium Inc. (NAL) signed in late 2022. As the venture evolves, CLM is set to take over operational responsibilities, directing future exploration campaigns in collaboration with NAL.

Collaboration with NAL

With NAL currently holding a 25% interest in the Vallée JV Property, CLM aims to leverage this partnership to conduct additional diamond drilling and sampling campaigns in 2025. The goal is to trace the mineralized spodumene pegmatite dykes and ascertain their potential extension into the adjacent East Vallée Property, thus broadening the scope of exploration significantly.

Methods and Approaches for Soil Sampling

The soil sampling process adhered to rigorous scientific protocols to ensure accuracy and reliability. Samples were collected from the B-horizon of the soil profile, carefully prepared, and analyzed for geochemical compositions. CLM worked with Impact Global Solutions Laboratory in Delson, Quebec, which conducted an in-depth analysis of all soil samples.

Commitment to Quality Analysis

The samples underwent a thorough drying, weighing, crushing, and splitting process before being sent for digestion and subsequent analysis. The laboratory's accreditation under ISO/IEC 17025:2017 standards underscores CLM's commitment to achieving precise and credible exploration findings.

Looking Ahead

Richard Quesnel, President & CEO, expressed enthusiasm about the findings, highlighting the potential for the newly identified pegmatite showings to contribute positively to the company's ongoing mineral exploration narrative. The excitement surrounding these developments has set a progressive trajectory for CLM's future endeavors.

Frequently Asked Questions

What are the latest findings from Consolidated Lithium Metals?

The company has recently identified multiple lithium soil anomalies across its properties, particularly the Baillargé Property, suggesting promising mineral resources.

What is the significance of the Baillargé Property?

The Baillargé Property has shown high concentrations of lithium anomalies, making it a key focus for future exploration targeting.

What does the upcoming exploration program entail?

The program will consist of two phases, initially focusing on detailed prospecting and followed by trenching and channel sampling based on preliminary results.

What role does North American Lithium play?

North American Lithium holds a 25% interest as part of a joint venture with CLM, which allows for collaborative exploration efforts on the Vallée JV Property.

How does CLM ensure the quality of its sampling?

CLM employs detailed QA/QC procedures, including the use of field duplicates and reference standards, to ensure sampling accuracy and reliability.

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