Announcement Date: 2023-05-09
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Lithium Ionic Corp.
Project name: Itinga
Location: Brazil
Commodities: Lithium
Highlight: Drilling results incl. 20m at 1.62% Li2O from 104.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ON, May 9, 2023 – Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) reports assay results from its 100%-owned Bandeira property as part of a 30,000-metre drill program at the Itinga Project, located within the lithium-rich Araçuaí district in the state of Minas Gerais, Brazil. The results from this campaign will culminate in an initial mineral resource estimate expected this quarter. Bandeira is located approximately 500 metres south of Companhia Brasileira de Lítio’s (CBL) Cachoeira lithium mine, and approximately 700 metres north of Sigma Lithium Corp.’s large Barreiro lithium deposit. (See Figure 1). The Company is currently the second largest mineral rights holder in the region, controlling 14,182 hectares in this emerging hard rock lithiumproducing district.
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