Rowin Noranda, QC, January 20, 2023 /CNW Terbek/ – Visible Gold Mines Co., Ltd. (TSXV: VGD) (FSE: 3V41) is pleased that SPOD Lithium (CSE: SPOD) field crews have identified lithium-cesium-tantalum (LCT) pegmatites in the optional Visible Gold Mines MegaLi lithium project. report. James Bay Region, Quebec (“megari property“) (See dated SPOD Lithium press release January 20, 2023) and (Visible Gold Mines press release date August 4, 2022). A number of claim blocks share boundaries with Patriot Battery Metals Inc’s Corvette Property Claim. The MegaLi property is located approximately 50 kilometers southwest of the LG4 Reservoir.
The main objectives of the program conducted by SPOD Lithium were to assess the lithium potential of the MegaLi property and discover new LCT pegmatites through geological mapping and sampling.Field trip from October 23rd October 28, 2022 Despite some challenging weather conditions, Visible Gold Mines has been very pleased with the positive results obtained early in the exploration cycle and is now looking forward to a follow-up exploration program planned by SPOD Lithium. to
Dahrouge Geological Consulting’s report, produced in connection with the MegaLi property’s initial exploration program delivered to Visible Gold Mines by SPOD Lithium, highlights that blocks A, C and D deserve more intensive follow-up doing. The results obtained from claim block D can be considered a true exploration success, with tantalum (Ta) up to 114 ppm and cesium (Cs) up to 126 ppm. This level of enrichment, coupled with the high rubidium (Rb) value of 2,480 ppm, is a proximity indicator for spodumene containing pegmatites. The combination of these strong geochemical features in the presence of large pegmatites highlights the similarities with the CV pegmatite system. Block C also shows a strong Rb-Ta anomaly, probably related to the same 5-kilometer trend. Block A also highlights a cluster of Rb-Ta anomalies forming a multi-kilometer trend located near the NE Proterozoic embankment, easily recognizable by its strong magnetic signature. Due to difficult weather conditions, Block F was never visited, claiming the initial exploration program was terminated.
Visible Gold Mines would also like to take this opportunity to congratulate Patriot Battery Metals on the drilling results announced earlier this week at hole CV22-083 (see Patriot Battery Metals press release for date). January 18, 2023), which returned a 156.9 m interval rating 2.12% LiO2 in the CV5 pegmatite. The CV5 LCT pegmatite is located less than 3 km northeast of Block C of the MegaLi property.
The MegaLi project, wholly owned by Visible Gold Mines, is currently under SPOD Lithium’s option and consists of 78 concessions covering a total area of 3,996.67 hectares (40 square kilometers). The MegaLi property is located adjacent to the Patriots Corvette Project (see map above) and near the Trans Taiga Road, Airport and Powerline Infrastructure Corridor. James Bay Region of Quebec.
qualified person
Jeannot TebergesPGeo, Senior Geologist, Visible Gold Mines Consultant is qualified for Visible Gold Mines properties under National Instrument 43-101 – Mineral Project Disclosure Standardsis responsible for the technical content of this news release and has authorized disclosure of the technical information contained herein.
About Visible Gold Mines Inc.
Visible Gold Mines is a prolific gold focused company. Abitibi gold belt and the James Bay Region of Quebec. The number of outstanding shares of Visible Gold Mines is 33,827,039 shares.
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Forward-Looking Statements
This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may include, among other things, statements regarding Visible Gold Mines’ future plans, costs, objectives or performance or the assumptions underlying any of the foregoing. In this news release, the terms “likely”, “could”, “possible”, “possible”, “likely”, “possible”, “expected ‘, ‘predict’, ‘intend’, ‘plan’ and ‘estimate’. ” and similar words and their negative forms are used to identify forward-looking statements. Forward-looking statements are not guarantees of future performance or results and do not necessarily indicate accurately whether, or when, such future performance will be achieved. There can be no assurance that any event predicted by forward-looking information, including follow-up exploration programs planned by SPOD Lithium and the results of such exploration programs, will occur or will occur. Forward-looking information is based on information available as of the date and/or management’s good faith beliefs regarding future events and is subject to known and unknown risks, uncertainties, assumptions and other unpredictability. It is susceptible to many factors, many of which go beyond the visible gold mine. ‘ Control. These risks, uncertainties and assumptions include, but are not limited to, those described in Visible Gold Mines’ annual report under “Financial Risks” and “Risk Factors.” July 31, 2022A copy of is available on SEDAR at: www.sedar.com, actual events or results could differ materially from those projected in the forward-looking statements. Visible Gold Mines does not intend to update or revise any forward-looking information contained in this news release to reflect subsequent information, events, circumstances or otherwise, except as required by applicable law. We shall have no obligation to do so.
