Leading Edge Materials Discovers Lithium Mineralization in Outcrop at Bergby Project, Sweden

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 1, 2016) – Leading Edge Materials Corp. (TSXV:LEM) (OTCQB:LEMIF) is pleased to announce the first discovery of lithium mineralization in outcrop, and the completion of a ground magnetic survey, at the Company’s 100% owned Bergby project.
Bergby lies in central Sweden, 25km north of the town of Gävle, and is secured by three exploration licenses that cover a total of 1,903 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries.
Recent mapping at Bergby, in follow up to the identification of a lithium mineralized boulder field (see press releases dated 19th October 2016and 4th November 2016), has discovered three areas of lithium mineralization in outcrop. Although the region is largely glacial soil covered, the few outcrops located include exposure of petalite and spodumene mineralized pegmatite with high grade lithium, similar to that previously observed in boulders.
Fifteen samples from three outcrop areas returned Li₂O (lithium oxide) averaging 1.71% and ranging from 0.01% to 4.65%; and Ta₂O₅(tantalum pentoxide) averaging 133 ppm and ranging from 16 ppm to 803 ppm (see Table 1). Samples included representative chip samples, composite samples and selective grab samples depending on outcrop quality, and were taken from three sites across an area of approximately 350m x 750m.
Furthermore, a small ground magnetic survey has been completed, to provide indication of the structural setting of the claim, and to assist with drill targeting. The survey covered 700m of strike of the lithium prospective sequence, and has defined a discrete magnetic low, as are often associated with lithium-cesium-tantalum (LCT) pegmatites.
Work is now underway to gain permits and prepare for a drilling program early in the first quarter of 2017.
Blair Way, President and CEO, stated, “This discovery of high grade lithium mineralized outcrops at Bergby, despite the extensive glacial soil cover, gives us confidence we are close to the source of the extensive mineralized boulder field. The Bergby discovery is now drill-ready, and we are excited to get LEM’s maiden drilling program underway in the first quarter of next year.”
Read the full press release.
Connect with Leading Edge Materials Corp. (TSXV:LEM) (OTCQB:LEMIF) to receive an Investor Presentation.