Drilling Update 16 JanImagine Lithium is pleased to provide significant near surface drill results fron its ongoing drilling program at the Jackpot Lithium project, located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 km northeast of Thunder Bay, Ontario.The Jackpot property is characterized by swarns of mineralized lithium-bearing granitic pegmatite dikes distributed across 18,800 ha land package.
Results announced today demonstrate the near surface growth potential surrounding the Jackpot Main Zone. Drilling is currently ongoing at the Jackpot Main Zone which consist of multiple stacked dikes covering a surface area of approximately 1 km by 400 m. The goal of the current drilling program is to define and expend the historical lithium resource. Areas being tested included the northern area of the Jackpot Main Zone were the company is seeing another stacked dike, as well as the eastern extension of the Jackpot Main Zone which can expend the mineralization along strike.
J.C. St-Armour, President of Imagine Lithium, commented, We are pleased to see continued near-surface mineralization that we believe will add significantly to historical resources at Jackpot. We look foward to publishing a NI 43-101 compliant resource estimate in the coming months. Drilling is also advancing on targets outside the Jackpot Main Zone, including the Point Lithium area, which is an exciting new zone that appears to parallel the Jackpot Main Zone pegmatite dikes.
A very interesting press relase which leads me to believe that the resource will be increased significantly in the upcoming NI 43-101 report. You don't have to be a mathematician or scientist to understand this.
Good Luck To All Investor.