Vision Lithium starts 1,500m drill program at Red Brook
2021-07-14 06:42 ET – News Release
Mr. Victor Cantore reports
VISION LITHIUM LAUNCHES INAUGURAL DRILL PROGRAM ON RED BROOK COPPER/ZINC PROPERTY
Vision Lithium Inc. has started a 1,500-metre drill program on its Red Brook Cu-Zn (copper-zinc) property located in northern New Brunswick, Canada. The drill program on Red Brook will test at least six high-priority targets on the property. These targets were generated from historical induced polarization (IP) and recent airborne electromagnetic (EM) anomalies. Drill and assay results will be released when available.
The company recently completed an about-900-kilometre helicopter-borne magnetic and electromagnetic survey (MAG-EM) at 50-metre spacings over the Red Brook copper-zinc property. The survey located several areas of multiple strong EM conductors, which appear to follow the outer contact of a large magnetic anomaly reflecting the Red Brook intrusive, a variably magnetic granitoid intrusion likely responsible for the mineralizing events. Most of the EM anomalies are either untested or else poorly tested by historic drilling, and in many cases not sampled. They represent multiple priority drill targets for follow-up exploration. The IP anomalies from the RTZ survey appear to be adjacent to and laterally continuous with the EM anomalies, likely indicating different percentages of sulphide mineralization in each. The IP anomalies are also poorly or not tested by drilling.
Yves Rougerie, president and chief executive officer of Vision Lithium, commented: “Of interest, most of the historical drilling, even on the Red Brook zone, was done outside the strong EM anomaly zones, indicating the most conductive and likely best targets have not been tested. In addition, the historical exploration results also suggest higher conductivity, partially caused by increased pyrrhotite mineralization, is also associated with higher Cu and/or Zn grades. I am very excited to start this drill program per our plan of drilling our copper and base metals projects this summer with the work on the Manitoba lithium project likely to begin later in the year pending permitting. From a macroperspective copper and zinc prices remain robust, and we are in a safe mining-friendly jurisdiction of New Brunswick.”
The Red Brook Cu-Zn-Ag-Au (copper-zinc-silver-gold) mineral exploration property is located approximately 60 km west of the Bathurst volcanogenic massive sulphide (VMS) district. Diamond drilling in the early 1960s intersected skarn- and porphyry-type copper and zine occurrences near the western limit of the property dubbed the Red Brook zone. More recently, Puma Explorations completed ground prospecting and stripping, trenching and sampling of the Red Brook zone revealing complex breccia mineralization with zones of high-grade zinc mineralization and widespread low-grade copper mineralization. Outcrop sampling returned zinc values of up to 15 per cent Zn as well as gold and copper values up to 2.62 grams per tonne Au and 0.5 per cent Cu. Most recently RTZ optioned the property and completed a ground IP (induced polarization) survey, which revealed several strong anomalies but failed to drill the targets. The property has seen limited drilling and has the potential to host significant copper porphyry-base metal skarn-related mineralization.
Qualified person and third party data
The scientific and technical information in this press release has been reviewed and approved by Mr. Rougerie. Mr. Rougerie is a qualified person as defined in National Instrument 43-101.
About Vision Lithium Inc.
Vision Lithium is a junior exploration company focused on exploring and developing high-quality mineral assets including copper and lithium in Canada. The company is led by skilled and qualified mineral exploration experts and business professionals with a deep understanding of the lithium battery materials market, which is driven by lithium-ion batteries. Vision Lithium is committed to discovering new world-class assets and bringing these assets to production, starting with the Godslith lithium property located in Manitoba; the Sirmac lithium property and the Dome Lemieux porphyry/skarn copper-zinc property, both located in Quebec; and its skarn and breccia polymetallic Red Brook and Benjamin properties in northern New Brunswick.
We seek Safe Harbor.
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