VAL-D'OR, QC, July 14, 2021 /CNW Telbec/ - Vision Lithium Inc.
(TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or
"Vision Lithium") is pleased to announce the start of a
1,500 metre drill program on its Red Brook Cu-Zn property located
in Northern New Brunswick, Canada.
The drill program on Red Brook
will test at least six high-priority targets on the property. (See
Figure 1) These targets were generated from historical
Induced Polarization (IP) and recent airborne Electro Magnetic (EM)
anomalies. Drill and assay results will be released when
available.
The Company recently completed a ~900 km helicopter-borne
magnetic and electromagnetic survey (MAG-EM) at 50-metre spacings
over the Red Brook copper-zinc
property. The survey located several areas of multiple strong EM
conductors (See Figure 1) which appear to follow the outer contact
of a large magnetic anomaly reflecting the Red Brook intrusive, a variably magnetic
granitoid intrusion likely responsible for the mineralizing events.
Most of the EM anomalies are either untested or else poorly tested
by historic drilling, and in many cases not sampled. They represent
multiple priority drill targets for follow-up exploration. The IP
anomalies from the RTZ survey appear to be adjacent to and
laterally continuous with the EM anomalies, likely indicating
different percentages of sulphide mineralization in each. The IP
anomalies are also poorly or not tested by drilling.
Yves Rougerie, President and CEO
of Vision Lithium commented, "Of interest, most of the historical
drilling, even on the Red Brook
zone, was done outside the strong EM anomaly zones, indicating the
most conductive and likely best targets have not been tested. In
addition, the historical exploration results also suggest higher
conductivity, partially caused by increased pyrrhotite
mineralization, is also associated with higher Cu and/or Zn grades.
I am very excited to start this drill program per our plan of
drilling our copper and base metals projects this summer with the
work on the Manitoba lithium
project likely to begin later in the year pending permitting. From
a macro perspective Copper and Zinc prices remain robust and we are
in a safe mining friendly jurisdiction of New Brunswick."
The Red Brook Cu-Zn-Ag-Au mineral exploration property is
located approximately 60 km west of the Bathurst volcanogenic massive sulphide (VMS)
District. Diamond drilling in the early 1960's intersected skarn
and porphyry type copper and zine occurrences near the western
limit of the property dubbed the Red
Brook zone. More recently, Puma Explorations completed
ground prospecting and stripping, trenching and sampling of the
Red Brook zone revealing complex
breccia mineralization with zones of high-grade zinc mineralization
and widespread low grade copper mineralization. Outcrop sampling
returned zinc values of up to 15% Zn as well as gold and copper
values up to 2.62 g/t Au and 0.5% Cu. Most recently RTZ optioned
the property and completed a ground IP survey which revealed
several strong anomalies but failed to drill the targets. The
property has seen limited drilling and has the potential to host
significant copper porphyry-base metal skarn related
mineralization.
Qualified Person and Third-Party Data
The scientific and technical information in this press release
has been reviewed and approved by Yves
Rougerie, Geologist, President and CEO of the Company (the
"Qualified Person"). Mr. Rougerie is a "qualified person" as
defined in NI 43-101.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on
exploring and developing high quality mineral assets including
copper, and lithium in Canada. The
Company is led by skilled and qualified mineral exploration experts
and business professionals with a deep understanding of the lithium
battery materials market, which is driven by lithium-ion batteries.
Vision Lithium is committed to discovering new world class assets
and bringing these assets to production, starting with the Godslith
lithium property located in Manitoba; the Sirmac lithium property and the
Dôme Lemieux porphyry/skarn
copper-zinc property, both located in Quebec; and its skarn and breccia polymetallic
Red Brook and Benjamin properties
in Northern New Brunswick.
For further information on the Company, please visit our website
at www.visionlithium.com or contact us at
info@visionlithium.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
press release includes certain "forward-looking statements" under
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to: the Company's plans for further drilling and exploration, the
long-term prospects of the battery materials markets, and the
future business and operations of the Company. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. Such
risks and other factors include, but are not limited to: additional
drilling and exploration may lead to a determination that there is
no potentially viable mine plan for any of the Company's
properties; general business, economic, competitive, political and
social uncertainties; delay or failure to receive board,
stakeholder or regulatory approvals; the ability of the Company to
execute and achieve its business objectives; changes in equity
markets; fluctuations in commodity prices; delays in the
development of projects; other risks involved in the mineral
exploration and development industry; and those risks set out in
the Company's public documents filed on SEDAR at www.sedar.com.
There can be no assurance that the forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Vision Lithium Inc.