Imagine Lithium: New Pegmatite Dike Discovery and Strong Lithium Intercepts at Casino Royale
Cyrus ColeWednesday, Jan 15, 2025 7:12 am ET
5min readImagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) has announced significant lithium intercepts at the Casino Royale zone and the discovery of a new spodumene pegmatite dike on its Jackpot property in Ontario, Canada. The company's recent drill program has intersected high-grade lithium mineralization, including 1.08% Li2O over 11.50 meters and 0.81% Li2O over 8.80 meters at the Casino Royale zone. Additionally, the discovery of a new spodumene pegmatite dike north of the Casino Royale Zone has extended the known mineralized trend by at least 480 meters.
The Casino Royale zone has been traced over 750 meters in strike length at surface, with drill intercepts confirming the presence of mineralization. The new pegmatite dike discovery suggests that there may be additional, untested lithium deposits in the area, as the Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800 ha land package. The proximity of the Jackpot property to infrastructure, such as the Trans-Canada Highway, power, port, railroad, and workforce, can positively impact the overall economics of the project.
The Casino Royale zone has a drill-tested strike length of 200m and may be delineated for over 900m by surface grab samples on the west side of Carrot Lake. The Casino Royale zone includes the historical Carrot Lake occurrence (MDI42E05SW00023) and diamond drilling is continuing to test the surface trend of mineralization. The Casino Royale zone has a drill-tested strike length of 200m and may be delineated for over 900m by surface grab samples on the west side of Carrot Lake. The Casino Royale zone includes the historical Carrot Lake occurrence (MDI42E05SW00023) and diamond drilling is continuing to test the surface trend of mineralization.
The company expects to publish an NI 43-101 mineral resource estimate by the end of 2024, which will include drill results from the current program. The Casino Royale zone is expected to add significant resources to the Jackpot property, based on the wide intercepts of mineralized pegmatite discovered through drilling. The Casino Royale zone has a drill-tested strike length of 200m and may be delineated for over 900m by surface grab samples on the west side of Carrot Lake. The Casino Royale zone includes the historical Carrot Lake occurrence (MDI42E05SW00023) and diamond drilling is continuing to test the surface trend of mineralization.
The discovery of a new spodumene pegmatite dike north of the Casino Royale Zone and the strong lithium intercepts at the Casino Royale zone demonstrate the exploration potential of the Jackpot property and the potential for additional resources. The Casino Royale zone has a drill-tested strike length of 200m and may be delineated for over 900m by surface grab samples on the west side of Carrot Lake. The Casino Royale zone includes the historical Carrot Lake occurrence (MDI42E05SW00023) and diamond drilling is continuing to test the surface trend of mineralization.
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