Announcement Date: 2023-04-11
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Lithium Ionic Corp.
Project name: Itinga
Location: Brazil
Commodities: Lithium
Highlight: Drilling results incl. 45m at 1.87% Li2O from 29.83m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ON, April 11, 2023 – Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) reports assay results from its Galvani claims as part of an ongoing 30,000 metre drill program, which is expected to culminate with an initial mineral resource estimate, expected in Q2 2023. The Company has to date completed 23,000 metres of drilling at the Bandeira and Galvani properties, which together cover only 872 of the 14,182 hectares it controls in this lithium-producing district. The Galvani claims, acquired in late 2022 (see Sept. 12, 2022 press release), are located approximately 5 kilometres northwest of its Bandeira property and Companhia Brasileira de Lítio’s (CBL) Cachoeira lithium mine, and approximately 4 kilometres West of Sigma Lithium’s large Xuxa lithium deposit (see Figure 1).
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