Champion Electric Metals Inc. reported that it has intersected lithium in its maiden exploration drill program on the Western Prospect at the Lithium Property in James Bay, Quebec. Drill hole EIQ24-007 intersected 10.0 metres (m) at 0.42% Li2O, including 3.0 m at 0.62% Li2O, 2.0 m at 0.50% Li2O and 2.0 m at 0.54% Li2O. Drill hole EIQ24-008 intersected 1.85 m at 0.56% Li2O.

These drill intersections are from the Western Prospect on a high-priority pegmatite target directly up-ice from the previously reported spodumene grains in till discovery. The lithium bearing intervals were also anomalous in the pathfinder elements tantalum (Ta), cesium (Cs), niobium (Nb), and rubidium (Rb). The spodumene crystals vary from light to medium green in colour and are up to 7 centimetres in length.

Other associated minerals include quartz, albite, muscovite, white feldspar, orange feldspar and, less frequently, garnet. The drill holes intersected a combination of mafic volcanic rocks, magnetite-rich iron formation and tonalite. The preliminary interpretation is that the pegmatite dyke intersected is near flat lying and subcrops beneath the glacial till at a vertical depth of approximately 5 metres.

There is potential to extend these drill intersections to the northeast where outcropping pegmatites with anomalous Cs and K/Rb occur. The Company's technical team has used mapping, sampling, and geophysics to identify two parallel corridors of pegmatite stretching for more than 5 kilometres. There are numerous outcrops and till samples demonstrating that the pegmatites along the corridor are fractionated with chemistry favorable for more lithium mineralisation.

As exploration moves along these corridors, the team will be looking for indications of multiple parallel or stacked dykes of mineralised pegmatite and/or down dip continuation from this initial shallow discovery. The Champion Electric Lithium Property is close to the Trans-Taiga Road and covers the northern extension of the Lac Guyer Greenstone Belt, which hosts neighbouring Patriot Battery Metals' Corvette and Winsome Resources' Cancet advanced projects in the prolific James Bay region of Quebec.