Vision Lithium starts drilling at Cadillac
2022-01-04 06:34 ET – News Release
Mr. Yves Rougerie reports
VISION LITHIUM INITIATES MAIDEN DRILL PROGRAM ON CADILLAC LITHIUM PROPERTY, ADDS CLAIMS AND GRANTS OPTIONS
Vision Lithium Inc. has started its maiden drilling program on the newly acquired Cadillac lithium property. Following a successful channel sampling campaign, which returned up to 4.80 per cent lithium oxide over variable widths (see full results in press release of Dec. 30, 2021), the company is immediately launching a drill campaign that will target multiple lithium-bearing dikes on the property. The Cadillac lithium project is located just 10 kilometres south of the mining town of Cadillac in the Abitibi region of Quebec, Canada. It is surrounded by infrastructure and skilled labour, being in the middle of Quebec’s mining heartland.
Yves Rougerie, president and chief executive officer, commented: “Our initial channel sampling program has returned some very high-grade lithium values. We are now mobilizing a drill to the site to immediately begin testing the potential of the B dike. The drill should be operational this week. The drill will test the B dike along its 300-metre exposed strike length as well as other lithium-bearing dikes, none of which have ever been drilled. Additional results from the surface channel sampling program are also expected in January. We’re very excited about this first-ever drill program on the Cadillac lithium property and look forward to releasing results to the public as soon as they become available.”
The company has also staked an additional 12 claims to expand the Cadillac lithium property to the east to cover prospective ground.
Furthermore, the company announces that it has granted 4.2 million incentive stock options to certain directors, officers, employees and consultants of the company, pursuant to the company’s incentive stock option plan. Each option is exercisable into one common share of Vision Lithium at a price of 21 cents per share for a period of five years from the date of grant. Fifty per cent of the options vest immediately and the remaining 50 per cent will vest six months following the date of grant.
The scientific and technical information in this release has been reviewed and approved by Mr. Rougerie. 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 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 is committed to discovering new, world-class assets and bringing these assets to production, starting with the Godslith lithium property located in Manitoba; the Cadillac Lithium property, Sirmac lithium property and the Dome Lemieux porphyry/skarn copper-zinc property, all located in Quebec; and its skarn and breccia polymetallic Red Brook and Benjamin properties in northern New Brunswick and its St. Stephen nickel-copper-cobalt property in southern New Brunswick.
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