18.9 C
Supported byspot_img

Imagine Lithium and Rock Tech to collaborate on developing Ontario supply chain

Member of Europium Groupspot_img
Supported byspot_img

A few weeks ago, Imagine Lithium (ILI.V) released an exploration update on its Jackpot lithium project, located just under 150 kilometers north of Thunder Bay, Ontario. As explained in a previous update, the company wanted to drill-test the known lithium-bearing pegmatites. The company released the assay results of several drill holes that were completed on the Jackpot Main Zone and the SW pegmatite zone, which is located approximately 1.4 kilometers southwest of Jackpot.

The assay results at Jackpot are encouraging. The headline interval of 14.35 meters of 1.22% Li2O is good while the assays of for instance hole JP-2023-P3 with 4.7 meters containing 1.34% Li2O have a good grade but the interval is pretty short. Overall, it is an interesting mix of grades with every interval close to 1% being very reasonable (thanks to the easy access to existing infrastructure around the property) but we would ideally need to see thicker intervals as 2 and 4 meter intervals are pretty narrow.

The initial holes that were completed on the SW zone did contain lithium with grades up to 2.02% (which is really good), but the width is again an element to keep an eye on: the 3 meter intervals are pretty narrow.

Supported by

It still is early days for the asset and drilling is still ongoing. The company will also drill the northern area of the Jackpot Main Zone where Imagine Lithium is seeing another stacked dike where it has intercepted pegmatites with a thickness of up to 20 meters.

As the Jackpot project is located within walking distance from the location where Rock Tech Lithium (RCK.V) is planning to build a concentrator on its own Georgia Lake project.

Both companies are now discussing the possibilities to work together to create synergy benefits and perhaps create a larger player in the supply chain of lithium.


Source: Caesars Report

Supported byElevatePR Digital

Related News

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...

Vianode CEO criticizes EU’s Raw Materials Act for inadequate industry support

The EU’s landmark Critical Raw Materials Act (CRMA), which officially came into effect on May 23, is being criticized for its lack of substantial...

Innovative Scandium supply chain: Scandium Canada Ltd. advances in renewable energy and 3D printing

Scandium Canada Ltd. has announced significant strides in creating a comprehensive scandium supply chain, from extraction to diverse industrial applications. The company's flagship Crater...
Supported by
Supported by
Supported by
error: Content is protected !!