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Imagine Lithium Inc. ARXRF


Primary Symbol: V.ILI

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in 2023. Imagine has launched a property wide exploration program on the ~18.8k ha Jackpot project.


TSXV:ILI - Post by User

Comment by ausingeron Jul 18, 2023 5:15pm
151 Views
Post# 35546838

RE:Wow, new record!

RE:Wow, new record!I talked to JC St.-Amour at PDAC (2023) and the plan for the near-future (summer/fall 2023) was, well, a drilling program.  As you're probably aware (its on the website), there's been a historical estimate of 2 million tons at a bit over 1% Li2O in the main Jackpot zone, but IL doesn't trust it.  In the last 5 years, IL has done a lot of  drilling and the Jackpot zone has been expanded, but at the moment, we seem to be getting the new drilling info piecemeal (aka a few drill cores at a time) which isn't too helpful.  How much more drilling needs to be done to get an updated resource estimate, I don't know, but I think that's crucial.  There's also evidence of additional pegmatites outside the jackpot zone and all over the property, but I think that info is mainly grab samples.

Alex
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