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First round of drilling at our Raleigh Lake site in NWO

First round of drilling at our Raleigh Lake site in NWO

THUNDER BAY, ONTARIO  ~~~~~~ May 7, 2021  (LSN)  Following the successful fundraising concluded by International Lithium Corp. in February, we have now completed the first round of drilling at our Raleigh Lake site in Ontario.

We are pleased so far with the results in Zone 1 of Raleigh Lake although it will take a few weeks to know the grades of lithium and other battery metals after we receive the chemical analysis of our drill core samples.

International Lithium Corp. (the “Company” or “ILC”) (TSX Venture: ILC) is pleased to announce that the Company has completed a maiden diamond drilling program on the Raleigh Lake Lithium project near Ignace, Ontario, Canada. A total of 1,504 metres of NQ core drilling were completed in eight holes to test the continuity of spodumene bearing pegmatites and their associated lithium, tantalum and cesium mineralization down dip and along strike from outcrop and previous operators’ drilling.

The royalty-free, 100-percent-owned Raleigh Lake project comprising a total of 3,027 hectares hosts a number of outcropping pegmatite bodies. The recent drilling focused on what the Company now refers to as Zone 1 (Figure 1), an area of approximately one square kilometre (100 hectares) that hosts Pegmatites 1 and 3. The two shallow dipping pegmatite dykes have been mapped at surface with Pegmatite 1 exposed along strike for at least 300 metres and intersected 400 metres downdip by drilling conducted prior to ILC’s drilling campaign. Seven of ILC’s eight widely dispersed holes, covering an area approximately 600 x 300 metres, intersected pegmatite.

The core has been logged and cut with samples submitted for chemical analysis. Assay results are expected by mid-May.

Logistics of the drill program were excellent as the project is road accessible and is just a short distance from the Trans-Canada Highway. The Raleigh project is located less than 20 kilometres directly west of the Township of Ignace, Ontario. It distinguishes itself from other lithium projects in Canada by being very well situated near to major public infrastructure; the Trans-Canada Highway, with direct access to Thunder Bay on Lake Superior, is less than six kilometres north of the project as is the mainline of the Canadian Pacific Railway, natural gas pipelines, and the hydropower line junction at Raleigh Lake. By having relatively easy access to public services coupled with no need to spend significant sums of money on building new roads or electric power lines to service the site nor buildings to house contractors, the Raleigh project possesses a substantial advantage over more remote mining projects.

With the drilling taking place exclusively in Zone 1, which is within one kilometre of the historic drilling, there are no results yet for Zones 2 to 5. These additional zones include claims acquired by ILC in 2016 and 2018 and include some with surface pegmatite exposures. ILC intends to carry out wider drilling in various phases on Zones 2 to 5 as targets are prioritized in these areas.

#LSN_ONNews   #LSN_Econ 

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