Phase 2 Drilling Returns Lithium Oxide Concentrations of 3.62% Over 6.46m, 2.91% Over 7.89m, 2.73% Over 8.39m and 2.45% Over 9.9m at International Lithium Corp.'s Raleigh Lake Lithium Project, Ontario, Canada

Phase 2 Drilling Returns Lithium Oxide Concentrations of 3.62% Over 6.46m, 2.91% Over 7.89m, 2.73% Over 8.39m and 2.45% Over 9.9m at International Lithium Corp.'s Raleigh Lake Lithium Project, Ontario, Canada

 

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce the complete assay results for Phase 2 of the diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

 

Further to Company news releases dated February 9, March 21, May 17, and June 23, 2022; ILC completed 6,251 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres. Phase 2 ran from May 12 to June 30, 2022 drilling 4,198 metres in twenty-six (26) holes (Table 1). Phase 2 saw six holes targeting Zone 2 and twenty holes within Zone 1. This brings the total to eight holes drilled at Zone 2 and twenty-eight at Zone 1 in 2022 so far.

 

Drilling Highlights

 
  • All but two holes testing Pegmatite 1 in Zone 1 intersected spodumene-bearing pegmatite demonstrating tremendous continuity of the mineralized body (see Figure 1).
  •  
  • Pegmatite 1 shows a distinct mineral zonation with intervals of rubidium-enriched monocrystalline megacrystic microcline that occurs in the roof portion and occasionally in the spodumene-rich core of the pegmatite.
  •  
  • Potential exists for the thicker higher-grade mineralization to exist closer to surface as the enriched zone appears to be trending up-dip, closer to surface, to the northwest where very little drilling exists.
  •  
  • Recent structural interpretations (including results from Zone 2) predict additional parallel pegmatite at depth as the drilling moves further to the north.
  •  
  • Phase 1 and 2 pierce points intersected Pegmatite 1 along a strike length of 300 metres and along its dip for over 175 metres.
  •  
  • Phase 3 drilling will test the near-surface potential of the spodumene-rich core over an up-dip extent of over 250 metres.
  •  

Pegmatite 1 Spodumene Zone Intersection Highlights*

 
  • RL22-27: 13.74 metres grading 1.90% Li2O (from 115.23 metres)

including 7.89 metres averaging 2.91% Li2O in the spodumene core zone (from 120.51m);

 
  • RL22-29: 11.01 metres grading 1.32% Li2O (from 105.39 metres)

including 5.35 metres averaging 2.62% Li2O in the spodumene core zone (from 107.15m);

 
  • RL22-30: 6.44 metres grading 1.64% Li2O (from 117.82 metres);
  •  
  • RL22-34: 10.74 metres grading 1.18% Li2O (from 99.76 metres);
  •  
  • RL22-35: 9.9 metres grading 2.45% Li2O (from 97.2 metres);
  •  
  • RL22-36: 6.46 metres grading 3.62% Li2O (from 96.24 metres);
  •  
  • RL22-37: 8.39 metres grading 2.73% Li2O (from 99.36 metres);
  •  
  • RL22-39: 6.91 metres grading 1.8% Li2O (from 117.16 metres);
  •  

Pegmatite 1 Rubidium Bearing Microcline Intersection Highlights*

 
  • RL22-33: 1.75 metres grading 1.43% Rb2O from 111.4 metres;
  •  
  • RL22-35: 2.44 metres grading 0.95% Rb2O from 97.2 metres;
  •  
  • RL22-41: 2.8 metres grading 0.84% Rb2O from 106.7 metres.
  •  

* All intervals reported are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-100% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

 

Phase 2 Drilling
Twenty of the twenty-six holes drilled during Phase 2 of the 2022 drilling campaign were cored in Zone 1 and tested the up-dip and eastern extent of Pegmatites 1 and 3. Zone 1 is a stacked set of shallow dipping pegmatite dykes that make up the main target of the first stages of exploration of the Raleigh Lake project.

 

Zone 1 pegmatites have been defined by drilling and surface exposures in an area exceeding 600 metres x 400 metres for Pegmatite 1. The Phase 2 drill holes were drilled interstitially to historic drill holes and the Company's previous drilling (Figure 1). Pierce points were planned to be at approximately 50 metre step outs from one another in preparation for a maiden resource calculation and to better define the core zone of Pegmatite 1 and its associated rubidium rich component.

 

The high-grade core of Pegmatite 1 is trending up-dip towards the surface exposure (Figure 1 and 2). This trend provides an additional 250 metres of up-dip extension for the high-grade core from the current drilling, bringing a good portion of the target closer to surface. Additionally, there are several smaller spodumene bearing pegmatites intersected at deeper depths below Pegmatite 1 which the Company interprets as providing significant discovery potential below and to the north of the current target area.

 

Six holes from Phase 2 were cored into Zone 2 targeting structures interpreted from airborne magnetic data and supported by lithogeochemical surveys showing elevated lithium concentrations. The down dip projection of Pegmatite 2, a small surface exposure of spodumene-bearing pegmatite approximately 750 metres northwest of Pegmatite 1 with a similar structural orientation, was also tested during this program but access to suitable drill sites was restricted due to topographical and terrain constraints. Results were encouraging with some spodumene bearing pegmatitic veins being intersected but more importantly the continuity of the Zone 2 pegmatites, which dip consistently to the southeast, project below Pegmatites 1 and 3 at Zone 1. The down dip potential of these spodumene-bearing dykes will be further investigated in future drill programs.

 

A summary of the analytical results for Phase 2 is given in Table 2.

 

Phase 3 Drilling
The Company is now preparing for the third phase of drilling in 2022 where an additional 1,500 metres of drilling will test portions of the up-dip component to Pegmatite 1 and approximately 1,000 metres testing a number of shallow targets identified in Zones 5 and 6 that are road accessible.

 

Table 1: Summary of drill holes cored during Phase 2 of the 2022 drill program at Raleigh Lake.

 
                                                                                                                                                                                                                        
Hole IDEastingNorthingAzimuthDipDepth (m)Elevation (m)Prospect
RL22-195753925474665315-50101461ZONE 2
RL22-205755775474468290-50149460ZONE 2
RL22-215755295474531315-50110458ZONE 2
RL22-225754815474545315-50221461ZONE 2
RL22-235752935473901280-50176469ZONE 2
RL22-245753185473994285-50152468ZONE 2
RL22-255768275473597315-75170480ZONE 1
RL22-265767925473573315-75170477ZONE 1
RL22-275767545473674310-50170482ZONE 1
RL22-28576757547367435-60182482ZONE 1
RL22-295767555473672305-70149482ZONE 1
RL22-305767195473585310-70137477ZONE 1
RL22-315767435473504315-70194480ZONE 1
RL22-325766735473551315-70170478ZONE 1
RL22-335767935473641315-80149481ZONE 1
RL22-345767465473651315-70140478ZONE 1
RL22-355767705473633315-70150478ZONE 1
RL22-365767105473618315-70161475ZONE 1
RL22-375766905473637310-70151474ZONE 1
RL22-385766935473567315-70173479ZONE 1
RL22-395766595473601315-70152474ZONE 1
RL22-405767245473671305-60152480ZONE 1
RL22-415767255473671355-58137480ZONE 1
RL22-425766215473543315-70167474ZONE 1
RL22-435766535473512315-70185478ZONE 1
RL22-445766165473478315-70230479ZONE 1
 

 

 

Table 2: Summary of significant mineralized intersections from Phase 2 Drilling at Raleigh Lake.

 
                                                                                                                                                                                                                                                
2022 Raleigh Lake Drilling Program: PHASE II Results
Pegmatite Intersections**
Hole_IDFrom (m)To (m)Width
(m)
Cs2O
(%)
Li2ORb2OComments
RL22-27115.23128.9713.740.0111.900.14Pegmatite #1 top to bottom
incl.120.51128.47.890.0102.910.09Higher grade core of Pegmatite 1
RL22-29105.39116.411.010.0131.320.14Pegmatite #1 top to bottom
incl.107.15112.55.350.0202.620.19Higher grade core of Pegmatite 1
RL22-30117.82124.266.440.0101.640.27Peg #1
RL22-31155.6156.81.20.0101.880.24Peg #1
and165.791704.210.0101.040.30Peg #1
RL22-3252.3655.543.180.0201.070.22Peg #3
and142.73150.467.730.0100.630.13Peg #1
RL22-33108.93115.826.890.0300.360.39Peg #1
incl.111.4113.151.75--1.43Rb-rich core
RL22-3499.76110.510.740.0201.180.41Pegmatite #1 top to bottom
RL22-3597.2107.19.90.0202.450.44Pegmatite #1 top to bottom
Incl.97.299.642.44--0.95Rb-rich cap
RL22-3636.0838.192.110.0201.310.35Peg #3
and96.24102.76.460.0103.620.11Pegmatite #1 top to bottom
RL22-3799.36107.758.390.0102.730.17Pegmatite #1 top to bottom
RL22-3851.9555.283.330.0200.220.15Peg #3
and122.73128.645.910.0101.430.23Pegmatite #1 top to bottom
RL22-3923.8527.153.30.0101.330.25Peg #3
and117.16124.076.910.0101.800.26Pegmatite #1 top to bottom
RL22-4096.2106.310.10.0200.400.30Pegmatite #1 top to bottom
RL22-41104.15117.513.350.0200.710.27Pegmatite #1 top to bottom
Incl.106.7109.52.8--0.84Rb-rich core
RL22-4214014660.0101.120.21Outer margins of Peg #1
RL22-4357.2561.44.150.0201.150.37Peg #3
and153.55160.456.90.0101.100.24Outer margins of Peg #1
RL22-4450.554.13.60.0401.480.20Peg #3
and164.5168.94.40.0100.390.30Outer margins of Peg #1
 

 

 


 

** All intervals reported in this table are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-100% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_003.jpg

Figure 1: Approximate surface trace outline of Pegmatite 1 showing pierce points from drilling. Pegmatite 1 appears to have an enriched core trending up dip toward the northwest. The Company will investigate this enrichment trend in upcoming drill programs.

 

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_003full.jpg.

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_004.jpg

Figure 2: Cartoon cross section A-A' (Figure 1) illustrating the orientation of Pegmatite 1 and the up-dip projection to its surface outcrop. Pegmatite 1 appears to have an enriched core, a rubidium rich zone in the form of a monomineralic microcline and is thicker than previously interpreted based on the exposed outcrop, which occurs in a heavily vegetated area. Note that smaller pegmatitic veins intersected in the drill holes are not shown.

 

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_004full.jpg.

 

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

 

These are very good results with high grades of lithium and rubidium at Raleigh Lake, and we are increasingly enthusiastic about the prospects for this project. Now that we have our permissions in place for further drilling, we will shortly begin some of the additional drilling that we have been planning.

 

We should be on track to produce a Maiden Resource Estimate for Raleigh Lake by the end of 2022.

 

It should be stressed that the above results represent drilling on only about 8% of our 48,500 hectares for this project.

 

Quality assurance/quality control procedures
International Lithium Corp. has implemented a rigorous quality assurance/quality control program to ensure best practices in sampling and analysis of diamond drill core. All assays are performed by Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80% passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm (Code RX1).

 

Primary analysis method: Peroxide (Total) Fusion, ICP-OES & ICP-MS with 55 elements that include detection levels for Li of 15ppm - 50,000ppm and rubidium of 0.4 to 5,000 ppm (Lab code UT7). Sodium peroxide fusion provides total metal recovery and is effective for the decomposition of sulphides and refractory minerals which are common to pegmatite.

 

Over limit analysis method: Samples that return with results above the instruments detectable levels for lithium (50,000 ppm) and Rb (5,000 ppm) are then re-analyzed by Assay Grade, Peroxide (Total) Fusion (Code 8 Peroxide ICP-OES).

 

The drill program was under the control of a Professional Geoscientist, registered with Engineers & Geoscientists British Columbia. The Company and its contractors carried out the program under full compliance with COVID-19 protocols based on guidelines issued by Public Health Ontario and provincial health authorities of Ontario to ensure the safety and health, for all personnel.

 

About International Lithium Corp.

 

International Lithium Corp. believes that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. In addition, we have seen the clear and increasingly urgent wish by the USA and Canada to safeguard their supplies of critical battery metals and to become more self-sufficient. Our Canadian projects are strategic in that respect.

 

Our key mission in the next decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits.

 

A key goal has been to become a well-funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in January 2022, the Board of the Company considers that ILC is now well placed in that respect with a strong net cash position.

 

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

 
                                    
NameLocationArea
(Hectares)
Current
Ownership Percentage
Future Ownership percentage if options exercised or work carried outOperator or JV Partner
Raleigh LakeOntario48,500100%100%ILC
Wolf RidgeOntario 5,7000%100%ILC
AvaloniaIreland29,20045%21%Ganfeng Lithium
Mavis LakeOntario 2,6000%0%
(carries an extra earn-in payment of CAD $1.4M if resource targets met)
Critical Resources Ltd 
Forgan Lake
& Lucky Lake
Ontario0%1.5% Net Smelter RoyaltyUltra Lithium Inc. 
 

 

 

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

 

The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in Ontario and is ILC's most significant project in Canada. The exploration results there so far, which are on only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

 

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

 

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

 

On behalf of the Company,

 

John Wisbey
Chairman and CEO

 

www.internationallithium.com

 

For further information concerning this news release please contact +1 604-449-6520

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Statement Regarding Forward-Looking Information

 

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Wolf Ridge or Avalonia projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Company's projects, increased value of shareholder investments, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

 

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137801

 

 

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International Lithium (TSXV:ILC)

International Lithium Corp.


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Developing a portfolio of critical metals assets to meet the global demand for clean energy

Sale Completion of Non-Core Irish Assets for CAD$ 2.5 million

Sale Completion of Non-Core Irish Assets for CAD$ 2.5 million

 

Asset Portfolio Overview

 

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that it has completed the sale of all its interest in the Avalonia Project in Ireland and in Blackstairs Lithium Ltd, the company that owns that project.

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that the Company is extending the closing of its non-brokered private placement financing (the "Offering") to July 9, 2025. The Offering was originally announced on February 5, 2025, and later upsized as announced on May 1, 2025. The upsized Offering is comprised of up to 57,000,000 common shares of the Company at a price of $0.015 per share for gross proceeds of up to $855,000.

 

On March 31, 2025, the Company closed the first tranche the Offering and issued 23,666,666 common shares at $0.015 per share for proceeds of $355,000. The proposed payments from the first tranche proceeds included $183,600 to pay the outstanding fees to non-arm's length creditors.

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that it is increasing the size of its non-brokered private placement financing (the "Offering") from $600,000 to $855,000 and extending the closing of the Offering to May 30, 2025. The Offering was originally announced on February 5, 2025. The upsized Offering is comprised of up to 57,000,000 common shares of the Company at a price of $0.015 per share for gross proceeds of up to $855,000.

 

On March 31, 2025, the Company closed the first tranche the Offering and issued 23,666,666 common shares at $0.015 per share for proceeds of $355,000. The proposed payments from the first tranche proceeds included $183,600 to pay the outstanding fees to non-arm's length creditors.

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International Lithium Corp.(TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that it closed on March 31, 2025 the first tranche of its non-brokered private placement (the "Offering") of common shares announced on February 5, 2025. On closing, the Company issued 23,666,666 common shares at $0.015 per share for proceeds of $355,000. This takes the total number of shares in issue to 272,403,254.

 

Proceeds of the private placement will be used primarily for general working capital purposes ahead of the Company's receiving proceeds from its disposal to Ganfeng of ILC's stake in the Irish Avalonia project. The Company anticipates 52% or $183,600 of the private placement proceeds from tranche 1 will be allocated to pay the outstanding fees to non-arm's length creditors. No fees have been payable on the transaction, and the payments to persons conducting Investor Relations Activities shall not exceed 10% of the proceeds.

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that all resolutions proposed at the Company's annual general meeting of shareholders held on September 16, 2024 were passed. All agenda items outlined in the information circular for the meeting were approved and all director nominees were elected, with over 99% of votes cast in favour of all the motions. The directors elected for the ensuing year are John Wisbey, Maurice Brooks, Anthony Kovacs, Ross Thompson, and Geoffrey Baker.

 

About International Lithium Corp.

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Further details regarding the Microwave Joule Heating Technology are set out in the Company's announcement dated 18 June 2025.

Commenting on the Acquisition, Lithium Universe's Executive Chairman, Iggy Tan said:

"We are pleased to have completed this important milestone, which now allows us to begin working more closely with the Macquarie University team. This next phase will focus on developing a robust research program to enhance the Microwave Joule Heating Technology and unlock its full commercial potential. We believe this collaboration will play a pivotal role in advancing sustainable recycling solutions and position Lithium Universe as a leader in critical metal recovery from end-of-life solar panels."

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is a forward-thinking company on a mission to close the "Lithium Conversion Gap" in North America and revolutionize the photovoltaic (PV) solar panel recycling sector. The company is dedicated to securing the future of green energy by addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Quebec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels.

 

 

Source:
Lithium Universe Ltd

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Melbourne, Australia (ABN Newswire) - In an interview with ABN Newswire, Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (OTCMKTS:LUVSF) Executive Chairman Iggy Tan outlines the current activities of the company including the vision of closing the "Lithium Conversion Gap".

Additionally, the company has recently licensed to acquire technology from Macquarie University for the extraction of silver from solar cells. The technique involves a specialised process to delaminate the components in the PV cell and avoid the crushing of the cell for recycling.

This method provides a cleaner disaggregation of the materials in the cell and enables the liberation of critical materials and a significant amount of silver. Silver is a component in the manufacture of PV cells, and with an estimated amount of 80 million tonnes of solar cell waste globally, typically dumped, the process facilitates easy recovery of these valuable materials.

To Watch the Interview with Mr. Iggy Tan, please visit:
https://www.abnnewswire.net/lnk/2HQJB3QO

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is a forward-thinking company on a mission to close the "Lithium Conversion Gap" in North America and revolutionize the photovoltaic (PV) solar panel recycling sector. The company is dedicated to securing the future of green energy by addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Quebec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels.

 

 

Source:
Lithium Universe Ltd

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With a large oxide layering thickness, a near-monomineralic VTM composition, and extensive mineral tenures, the Radar Project shows the potential to become a globally meaningful VTM project. We use Panzhihua as our deposit model target, however, note that comparable Labradorite-type AMCG deposits are not necessarily indicative of the grades and tonnes of the mineralization within the Dykes River intrusion.

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