Val-d'Or, Québec--(Newsfile Corp. - December 2, 2024) - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or "Vision Lithium") is very pleased to report the discovery of high-grade cesium mineralization from pegmatite outcrops on its Sirmac property located 40 km west of Sayona's Moblan lithium deposit and 160 km by road from Chibougamau, Québec.
Yves Rougerie, President & CEO comments: "The very high-grade cesium results suggest these dikes are highly fractionated LCT (lithium-cesium-tantalum) pegmatites with the potential of hosting economic cesium mineralization. Although not observed, the mineral pollucite, the principal mineral of cesium, is likely present. These cesium assay results are amongst the highest ever reported in the province of Québec. The provincial database of surface rock samples contains over 80,000 cesium assay results of which only one result is above 1% and less than ten are above 800ppm (ref SIGÉOM)."
Vision's Sirmac property is host to the #5 Dike pegmatite lithium deposit as well as the Clapier lithium occurrence 6 km to the ENE. A new area of mineralized pegmatites was discovered late in 2024 in the southern portion of the property, approximately 10 km SE of the #5 Dike. A single visit to the area led to the discovery of two pegmatite dikes in contact with basalts. The dikes outcrop minimally, and their size and extent are not currently known. However, spodumene was observed in both dikes and representative samples of pegmatite and the host rock basalt were taken from each site with the following results:
The dikes also exhibit highly anomalous values for lithium, tantalum and rubidium. These results are similar in many respects to values reported from the producing Tanco mine in Manitoba and the Case Lake exploration project in eastern Ontario, the two most significant cesium occurrences in Canada.
The highly anomalous values in the basalt samples for cesium and lithium indicate a strong alteration halo surrounding the pegmatite dikes. This suggests the dikes are potentially larger/wider at depth and/or along strike.
The exploration program was coordinated with Innovexplo of Val d'Or, Québec who contributed new interpretations of existing geological models for the property occurrences earlier in the year followed by field work that included outcrop visits and systematic structural measurements and a reinterpretation of pegmatite textures from drill core relogging (mainly from Dike #5). Proposals for new exploration concepts and targets resulted from this work. The new area discovery is also the result of this coordinated effort. Decades-old historical drilling for base metals in the southern area intersected pegmatite dikes which were not sampled at the time. Other dikes are likely present under overburden cover in the vicinity of the new dikes. A whole new corridor/swarm of LCT pegmatite dikes is possible in this area, fertile for both cesium and/or lithium-tantalum economic deposits. Future exploration will focus on this area for this obvious potential.
The sampling program was planned and supervised by InnovExplo Inc. Samples were transported from the Sirmac project to the ALS facility in Val-d'Or, Québec by InnovExplo personnel. The 1.5 to 3 kg grab samples were crushed to 70% less than two millimetres (CRU-31), riffle split, pulverize split to better than 85% passing 75 microns (PUL-31). Samples were assayed for lithium + 33 element by ICP-AES (ME-MS89L).
The scientific and technical information in this release has been reviewed and approved by Yves Rougerie, Geologist, President and CEO of the Company. Mr. Rougerie is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The potential grades of exploration targets disclosed in this news release are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on exploring and developing high quality mineral assets including lithium and copper in Canada. The Company is led by skilled and qualified mineral exploration experts and business professionals with a deep understanding of the battery materials market, which is driven by lithium-ion batteries. Vision Lithium completed a positive PEA on its Sirmac lithium project in 2023. The PEA is available on the Company's website at www.visionlithium.com and on SEDAR+. The Company is committed to discovering new, world-class assets and bringing these assets to production, starting with its advanced Sirmac lithium property in Québec and Godslith lithium property located in Manitoba, and a group of base metal rich Ni-Cu-Co and/or Cu-Zn-Ag-Au properties in eastern Québec and New Brunswick.
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the impact of the foregoing on the Sirmac Project economics, PEA results (as such results are set out in the various tables featured above, and are commented in the text of this press release), including NPV and IRR, the estimated value of the Sirmac Project, operations development scenarios for the Sirmac Project, commercial and technical parameters, the attractive economics for the Sirmac Project, life-of-mine plans, market trends, future lithium prices, the impact of the Sirmac Project on the local communities, including job creation, the timelines and costs related to the various initiatives, deliverables and milestones described in this news release and their expected results, the Company’s expected financial and operational performance, the nature of relationships with stakeholders such as the local community including the Mistissini Cree First Nation, mineral resource estimates (including assumptions and estimates used in preparing the mineral resource estimates), the general business and operational outlook of the Company, the Company’s future growth and business prospects, the Company’s initiatives and goals, and those statements which are discussed under the “About Vision Lithium Inc.” paragraph and elsewhere in the news release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws, and are based on expectations, estimates and projections as of the time of this news release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation at estimated prices of the equipment supporting the production, assumed sale prices for DSO, the accuracy of any mineral resource estimates, future currency exchange rates and interest rates, political and regulatory stability, prices of commodity and production costs, the receipt of governmental, regulatory and third party approvals, licenses and permits on favorable terms, sustained labor stability, stability in financial and capital markets, availability of equipment and critical supplies, spare parts and consumables, the various tax assumptions, the Sirmac Project permits’ status, all economic and operational projections relating to the project, local infrastructures, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the lithium mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this cautionary statement could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
