• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    Leading Edge Materials Intersects Thickest Interval of Lithium Mineralization at Bergby, Sweden

    Pia Rivera
    Nov. 17, 2017 07:10AM PST
    Battery Metals
    Lithium Investing

    Leading Edge Materials Corp. (“Leading Edge Materials”) or (the “Company”) (TSXV: LEM) (OTCQB: LEMIF) is pleased to announce results from the first five holes drilled as part of the second program of drilling completed at the Company’s 100% owned Bergby lithium project in Sweden.

    Leading Edge Materials Corp. (“Leading Edge Materials”) or (the “Company”) (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce results from the first five holes drilled as part of the second program of drilling completed at the Company’s 100% owned Bergby lithium project in Sweden.  Results from infill and step out holes have included the thickest mineralized interval intersected to date of 19.5m @ 1.12% Li2O (lithium oxide) in hole BBY17020.

    Figure 1: Location of Drilling and Interpreted Trend of Lithium-Bearing Pegmatite, Bergby Project. Grid presented in SWEREF coordinate system (CNW…

    Key Results:
    • BBY17019 intersected 12.6m @ 0.83% Li2O, from 21.1m depth
    • BBY17020 intersected 19.5m @ 1.12% Li2O, 184ppm Ta2O5 (tantalum oxide), from 13.6m depth
    • BBY17021 intersected 1.0m @ 0.96% Li2O, from 15.4m depth
    • BBY17023 intersected 8.2m @ 0.14% Li2O from 57.1m depth
    • BBY17024 intersected 8.1m @ 0.23% Li2O, from 56.1m depth

    Holes were drilled in the southern area of the prospect to infill and test down dip from previous drilling.  Of particular note, hole BBY17020, the second most mineralized hole drilled at Bergby to date, was both thicker and higher grade than holes on adjacent 50m sections (which graded 6.40m @ 0.64% Li2O and 16.35m @ 1.00% Li2O).  Furthermore, lithium mineralization in hole BBY17021 was discovered in an intermediate volcanic unit, rather than the pegmatite which had been the subject of all previous exploration and assaying.
    The drill program is now complete, with 15 holes drilled for a total of 991.0m.  Bergby has now been tested by a total of 33 drill holes to a maximum depth of 131.1m over an approximate 1500m strike length.  Drill hole locations and results are provided in Tables 1 and 2 and presented as Figure 1. The true thickness of mineralized intervals is interpreted to be approximately 90% of the sampled thickness.
    Blair Way, President and CEO, stated “Our exploration at Bergby has continued to deliver very promising results, and a high grade and thickness interval like 19.5m 1.12% Li2O at very shallow depth provides us with a lot of optimism.  While Bergby remains an early stage discovery, we are now preparing for metallurgical testwork to move the project to the next stage.  We look forward to sharing the next round of drill results from this second phase program as they become available.” 
    Bergby lies in central Sweden, 25km north of the town of Gävle, 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.  The potential for low cost and rapid development is significantly enhanced by the presence of a deep-water port only 5km from the site.
    On behalf of the Board,
    “Blair Way”
    Blair Way, President & CEO
    The qualified person for the Company’s exploration projects, Mark Saxon, Director of Leading Edge Materials, a Fellow of the Australasian Institute of Mining and Metallurgy has reviewed and verified the contents of this release.
    About Leading Edge Materials:
    Leading Edge Materials is a Canadian public company with principal assets in Scandinavia, a region well recognized for its promotion and investment in innovation.  LEM’s flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. LEM’s core investments are matched to high growth markets, linked to the global shift to low-carbon energy generation and energy storage.
    The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this news release.
    This is information that Leading Edge Materials Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 17th November, 2017 at 0530 Vancouver time.
    Forward-Looking Information. This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include but are not limited to, the Company’s expectations regarding the lithium ion battery market; the successful completion of the drill program at Bergby; graphite production at Woxna, the Company’s preliminary economic assessment on Woxna is no longer current or valid as a result of the filing of a new NI 43-101 Technical Report effective March 24, 2015, and the Company has no plans to complete a new preliminary economic assessment, a pre-feasibility or feasibility study on the project, as such there is an increased risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; exploration activities to advance other critical material projects of the Company for energy storage markets, delays in obtaining or failure to obtain necessary permits and approvals from government authorities.  Although such statements are based on management’s reasonable assumptions, there are risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

    Table 1: Drill collars locations and orientations, Bergby Project. 

    Hole_ID

    Easting SWEREF

    Northing SWEREF

    Elevation RH2000

    Azimuth

    Dip

    Length

    PHASE 2 – CORE DIAMETER 56 mm

    BBY17019

    612770

    6760466

    35

    115

    60

    44.55m

    BBY17020

    612729

    6760375

    35

    115

    61

    47.20m

    BBY17021

    612668

    6760292

    35

    115

    53.7

    40.63m

    BBY17022

    612581

    6760387

    35

    115

    50

    131.10m

    BBY17023

    612638

    6760472

    35

    115

    45

    113.25m

    BBY17024

    612769

    6760665

    35

    115

    46.5

    77.30m

    BBY17025

    612951

    6760884

    35

    115

    52

    37.30m

    BBY17026

    613014

    6761014

    35

    115

    52

    62.52m

    BBY17027

    613074

    6761154

    35

    115

    50

    60.00m

    BBY17028

    613136

    6761290

    35

    115

    50

    50.35m

    BBY17029

    613210

    6761443

    35

    115

    50

    50.35m

    BBY17030

    612845

    6760650

    35

    115

    61.2

    41.45m

    BBY17031

    612712

    6760649

    35

    115

    46.1

    86.20m

    BBY17032

    612712

    6760649

    35

    115

    82.5

    80.62m

    BBY17033

    612664

    6760416

    35

    115

    46.1

    68.20m

    Hole_ID

    Easting SWEREF

    Northing SWEREF

    Elevation RH2000

    Azimuth

    Dip

    Length

    PHASE 1 – CORE DIAMETER 39 mm

    BBY17001

    612902

    6760564

    35

    295

    45

    54.80m

    BBY17002

    612881

    6760582

    35

    0

    90

    14.80m

    BBY17003

    612872

    6760590

    35

    0

    90

    16.45m

    BBY17004

    612864

    6760597

    35

    0

    90

    17.90m

    BBY17005

    612877

    6760609

    35

    0

    90

    17.95m

    BBY17006

    612866

    6760613

    35

    0

    90

    27.00m

    BBY17007

    612886

    6760604

    35

    0

    90

    12.00m

    BBY17008

    612886

    6760627

    35

    0

    90

    14.75m

    BBY17009

    612874

    6760697

    37

    115

    60

    50.20m

    BBY17010

    612818

    6760609

    35

    115

    60

    50.30m

    BBY17011

    612864

    6760563

    35

    0

    90

    14.40m

    BBY17012

    612875

    6760555

    35

    0

    90

    11.35m

    BBY17013

    612877

    6760518

    35

    255

    75

    17.40m

    BBY17014

    612787

    6760513

    35

    115

    45

    40.80m

    BBY17015

    612756

    6760417

    35

    115

    50

    50.00m

    BBY17016

    612700

    6760333

    35

    115

    60

    44.30m

    BBY17017

    612679

    6760219

    35

    115

    70

    29.30m

    BBY17018

    612604

    6760114

    35

    115

    50

    50.20m

    Table 2: Mineralized intervals from Bergby Project

    Hole Number

    FROM (m)

    TO (m)

    WIDTH (m)

    Li2O%

    Ta2O5 ppm

    PHASE 2

    BBY17019

    21.05

    33.66

    12.61

    0.83

    47

    BBY17020

    13.55

    33.00

    19.45

    1.12

    184

    BBY17021

    15.38

    16.38

    1.00

    0.96

    1

    BBY17023

    57.1

    65.25

    8.20

    0.14

    13

    BBY17024

    56.10

    64.16

    8.06

    0.27

    88

    PHASE 1

    BBY17001

    4.85

    6.30

    1.45

    0.77

    31

    BBY17002

    0.00

    3.95

    3.95

    1.83

    163

    BBY17003

    2.85

    11.05

    8.20

    2.06

    118

    BBY17004

    10.20

    12.10

    1.90

    2.26

    74

    BBY17005

    2.20

    12.65

    10.45

    1.58

    107

    BBY17006

    11.55

    16.00

    4.45

    1.44

    50

    BBY17007

    1.40

    6.05

    4.65

    2.71

    315

    BBY17008

    1.10

    9.85

    8.75

    2.63

    186

    BBY17009

    14.80

    16.00

    1.20

    2.68

    12

    BBY17009

    24.55

    25.65

    1.10

    2.44

    49

    BBY17010

    27.55

    36.35

    8.80

    1.11

    98

    BBY17011

    0.70

    7.50

    6.8

    1.87

    191

    BBY17012

    2.25

    3.90

    1.65

    1.14

    25

    BBY17013

    8.00

    9.05

    1.05

    0.68

    8

    BBY17014

    18.80

    25.25

    6.45

    0.63

    48

    BBY17015

    15.75

    32.10

    16.35

    1.00

    129

    BBY17016

    17.90

    36.75

    18.80

    1.14

    101

    BBY17017

    12.25

    13.50

    1.25

    0.59

    2

    BBY17018

    No significant mineralization

    Click here to connect with Leading Edge Materials Corp. (TSXV:LEM) for an Investor Presentation

    Source: www.newswire.ca

    leading edge materials corpdrill resultsleading edge materialsgraphite productionlithium investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Latin Resources Logo

    Latest Drilling At Salinas Lithium Project Confirms Continuity And Thickening Of Pegmatites Along Strike And Down Dip

    Lithium Investing

    Leading Edge Materials Intersects High Tantalum and Lithium Grades at Bergby, Sweden

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Jindalee Lithium

    JLL:AU

    CleanTech Lithium

    CTLHF

    Lithium Universe

    LU7:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×