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Program Details
The program consisted of exploration drilling across three of the Company’s properties including Lithium Two, Bird River Lithium, and Lithman East. Drilling on the Lithman West property was hindered by insufficient ice thickness required for an ice bridge crossing.
The program commenced on
Drilling was focused on high-priority targets identified from the 2023 geochemical and geophysical field programs. Among these targets was the Lithman East property, which lies ~7 km east of the Tanco mine complex and lacked any publicly available historical drill data. Two drill holes intersected over 1% Li2O and others exhibited anomalous geochemical values for lithium, cesium, tantalum, and tin.
Exploration drilling was also conducted within the vicinity of spodumene-pegmatite showings on the Lithium Two and Bird River Lithium properties to assess the extent of mineralization on these properties. Drilling on the Lithium Two property was concentrated on the newly discovered spodumene-bearing pegmatite on the Northwest edge of the property, as well as to the east of the FD5 Pegmatite. Drilling on the Bird River Property was conducted to test the Tappy and Matty Showings at depth, as well as defined geophysical anomalies.
2024 Drill Program Highlights
*Note that all intercepts are reported as core lengthintervalsand are not true width
A total of 158 individual pegmatites were intersected in 41 of the 56 total drill holes.
Exploration holes on the Lithman East property intersected pegmatite in 22 of 26 holes with an average of 31.13 meters (cumulative) of pegmatite per hole.
Two drill holes intersecting over 1% LiO and others showing anomalous geochemical values for Lithium, Cesium, Tantalum, and Tin indicative of a fractionated, rare-metal pegmatite system.
Lithman East Drilling Intercepts:
Notable intercepts include: 1.29% LiO over 0.3 m(from 363.8 m)(LE24-002) and 1.14% LiO over 0.7 m(from 398.3 m)(LE24-011)
High-grade lithium mineralization has not been recorded on this property prior to this drilling campaign.
Samples assayed up to 2976 ppm Cs, 258 ppm Ta, and 3125 ppm Sn
Lithium Two Drilling Intercepts:
LT24-032: 0.63% Li2O over 18 m(from 62 m),including:0.75% Li2O over 6.5 m(from 67.5 m),2.47% Li2O over 1.50 m(from 78.5 m),3.36% Li2O over 0.5 m(from 79 m),and 214 ppm Ta over 6.55 m(from 76 m)
LT24-036: 1.32% LiO over 0.58 m(from 29.18 m)and 204 ppm Ta over 0.4 m(from 125.7 m)
LT24-042: 1.92% LiO over 0.7 m within 4.35 m of 0.52% LiO(from 65.75 m)
LT24-044: 1.77% LiO over 0.8 m within 2.8 m of 0.81% LiO(from 90 m); and 233 ppm Taover 0.7 m(from 86.45 m)
Bird River Lithium Drilling Intercepts:
BR24-012: 0.28% LiO over 4.8 m(from 85.5 m); including 0.51% LiO and 783 ppm Cs over 0.83 m, and 246 ppm Ta over 1.8 m(from 83.7 m)
Discussion of Results
Maiden drilling on the Lithman East property yielded highly encouraging results, including intersections of lithium mineralization where no historic drilling or lithium bearing surface samples have been previously documented. Drilling encountered large intersections of pegmatite boasting markedly elevated Li-Cs-Ta-Sn values including two intersections surpassing 1% Li2O at a drill depth below 350 meters indicating that there may be a source of lithium at depth awaiting further exploration. These discoveries were the result of an extensive summer surface geochemical sampling program where results identified a highly fractionated region of the property with elevated LCT indicator elements. Comprehensive analysis of the drilling and assay data is currently ongoing and will guide strategic follow-up of the exciting results from this program.
The results from the Lithium Two and Bird River Lithium properties underscore the complex emplacement mechanisms of these pegmatites, with surface exposed mineralized zones pinching out at depth in many instances. The technical team, in collaboration with a post-doctoral study by the
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Figure 1: Overview of 2024 Lithium Two Drilling showing pegmatite intercepts
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Figure 2: Overview of 2024 Lithman East Drilling Showing Pegmatite Intercepts (TMI-RTP-TDR Underlay)
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Figure 3: Overview of 2024 Bird River Lithium Drilling showing Pegmatite Intercepts
Table 1: Lithium Two Drilling Highlights
*Intervals reported as Core Width. B.D. denotes below detection*
Lithium Two - Drilling Highlights | |||||||
Hole ID | Highlights | From | To | Interval (m) | % Li2O | Cs ppm | Ta ppm |
LT24-032 | 62 | 64.5 | 2.5 | 0.92 | 271 | 151 | |
including | 63.2 | 63.7 | 0.5 | 2.70 | 84 | 88 | |
67.5 | 74 | 6.5 | 0.75 | 278 | 156 | ||
including | 67.5 | 69 | 1.5 | 1.18 | 135 | 110 | |
including | 71 | 71.5 | 0.5 | 0.43 | 1523 | 143 | |
including | 72.5 | 74 | 1.5 | 1.34 | 129 | 107 | |
76 | 82.55 | 6.55 | 0.69 | 119 | 214 | ||
including | 78.5 | 84 | 1.5 | 2.47 | 137 | 196 | |
including | 79 | 79.5 | 0.5 | 3.36 | 162 | 192 | |
80 | 81.5 | 1.5 | 0.18 | 19 | 386 | ||
82.55 | 84 | 1.45 | 0.44 | 646 | 10 | ||
LT24-033 | 100.56 | 101.14 | 0.58 | 0.21 | 706 | 6 | |
LT24-035 | 59.4 | 60.5 | 1.1 | 0.17 | 383 | 197 | |
including | 59.4 | 59.9 | 0.5 | 0.19 | 487 | 264 | |
60.5 | 61 | 0.5 | 0.22 | 603 | 90 | ||
61.5 | 64 | 2.5 | 0.33 | 375 | 39 | ||
including | 61.5 | 62 | 0.5 | 0.66 | 670 | 17 | |
LT24-036 | 26.4 | 29.76 | 3.36 | 0.50 | 132 | 37 | |
including | 29.18 | 29.76 | 0.58 | 1.32 | 84 | 99 | |
91.9 | 94.5 | 2.6 | 0.5 | 44 | 124 | ||
116.1 | 116.6 | 0.5 | 0.21 | 515 | 2 | ||
125.7 | 126.1 | 0.4 | 0.00 | 13 | 204 | ||
LT24-037 | 56.2 | 57.75 | 1.55 | 0.58 | 259 | 43 | |
LT24-042 | 31.5 | 33.2 | 1.7 | 0.64 | 48 | 69 | |
65.75 | 70.1 | 4.35 | 0.52 | 57 | 44 | ||
including | 66.2 | 66.9 | 0.7 | 1.92 | 47 | 103 | |
LT24-044 | 86.45 | 87.15 | 0.7 | 0.04 | 60 | 233 | |
90 | 92.8 | 2.8 | 0.81 | 238 | 42 | ||
including | 92 | 92.8 | 0.8 | 1.77 | 28 | 52 | |
LT24-045 | 18.95 | 19.3 | 0.35 | 0.01 | 21 | 432 | |
100.57 | 100.84 | 0.27 | 0.02 | 35 | 223 |
Table 2: Lithman East and Bird River Lithium Drilling Highlights
*Intervals reported as Core Width. B.D. denotes below detection*
Lithman East - Drilling Highlights | ||||||||
Hole ID | Highlights | From | To | Interval (m) | % Li2O | Cs ppm | Ta ppm | Sn ppm |
LE24-001 | 70.21 | 70.45 | 0.24 | 0 | 323 | 290 | 373 | |
LE24-002 | 363.8 | 364.1 | 0.3 | 1.29 | 33 | 13 | B.D. | |
LE24-004 | 10.7 | 13 | 2.3 | 0.09 | 119 | 51 | 316 | |
including | 10.7 | 10.9 | 0.2 | 0.06 | 216 | 256 | 3125 | |
LE24-006 | 103.2 | 103.82 | 0.62 | 0.08 | 20 | 55 | 1088 | |
LE24-011 | 77 | 78.6 | 1.6 | 0.29 | 1893 | 48 | B.D. | |
including | 77.6 | 78.6 | 1 | 0.40 | 2976 | 16 | B.D. | |
398.3 | 399 | 0.7 | 1.14 | 10 | 5 | B.D. | ||
403.05 | 403.6 | 0.55 | 0.10 | 76 | 258 | 1421 | ||
LE24-013 | 88.8 | 89.7 | 0.9 | 0.01 | 212 | 66 | 401 | |
LE24-018 | 37 | 38 | 1 | 0.02 | 45 | 46 | 416 | |
48.5 | 56.4 | 7.9 | 0.10 | 146 | 26 | B.D. | ||
including | 55.8 | 56.4 | 0.6 | 0.28 | 516 | 132 | 180 | |
LE24-025 | 169.3 | 171.45 | 2.15 | 0.14 | 1230 | 52 | B.D. | |
including | 169.8 | 169.95 | 0.15 | 0.29 | 505 | 223 | 197 | |
276.35 | 277.1 | 0.75 | 0.18 | 544 | 5 | B.D. | ||
Hole ID | Highlights | From | To | Interval (m) | % Li2O | Cs ppm | Ta ppm | Sn ppm |
BR24-012 | 80.56 | 81.1 | 0.54 | 0.34 | 475 | 1 | B.D | |
83.7 | 85.5 | 1.8 | 0.09 | 219 | 246 | 176 | ||
85.5 | 90.3 | 4.8 | 0.28 | 266 | 50 | B.D. | ||
including | 87.6 | 88.43 | 0.83 | 0.51 | 783 | 5 | 123 |
About NAM
The PGE Division includes the 100% owned, multi-million-ounce, district-scale
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. Exploration for 2024 includes 12,687 meters of diamond drilling following up on the anomalous results from the geochemical samples collected during summer 2023 and geophysical/structural interpretation.The Company has a partnership with
The Company is actively seeking an option/joint venture partner for our newly acquired Northman and South Bay Lithium Projects in northern Manitoba, and its road-accessible
Investors are invited to visit the
Qualified Person
The technical information in this news release has been reviewed and approved by Lynde Guillaume (Senior Geologist,
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“Harry Barr”
Chairman and CEO
Neither the
Appendix A:2024 Final Drill Coordinates and Information (NAD 83/
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