VAL-D'OR, QC, Aug. 9, 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
planned 4,000-metre diamond drilling program, testing deep
porphyry/skarn copper targets and shallow polymetallic (Cu-Zn;
Zn-Pb-Ag, Au) targets on its Dôme Lemieux property located in Gaspésie Copper
District of Quebec, Canada.
The initial drill hole will be testing an interpreted deep
copper porphyry/skarn target on the Dôme Lemieux (see Figure 1). The drill targets were
generated from the compilation and interpretation of multiple
previous geophysical, geological, geochemical and gravity surveys
and drilling programs augmented by a recently completed
property-wide 1,600 line-km helicopter-borne high resolution
magnetic survey (MAG).
The Dôme Lemieux property
covers 12,056 ha (120.6 km2) in Eastern Québec in the Gaspésie
region and is host to over 20 polymetallic mineral occurrences
ranging from structurally controlled Zn-Pb-Cu-Ag zones to massive
chalcopyrite veins to high grade Pb-Zn-Ag veins at the historic
Federal mine. The property is located in a geological and
structural corridor that hosts the past producing copper mines of
Gaspé Copper Mine in Murdochville,
which produced 141,655,000T @ 0.85% Cu from 1955 to 1999 and the
Madeleine Mine, which produced 8,134,000T @ 1.08% Cu and 9.0 g/t Ag
prior to 1982. These mines are outside the Dôme Lemieux property boundaries but along the same
geological structure. The historical results obtained at the Gaspé
Copper Mine and the Madeleine Mine are not an indication of the
mineralization present on the Dôme Lemieux property.
Red Brook Copper-Zinc Property
Vision Lithium recently completed its planned 7 hole,
1,500-metre, drill program on its Red Brook Cu-Zn property located
in Northern New Brunswick, Canada.
The drill program on Red Brook
tested several high-priority targets on the property (see Figure
2). These targets were generated from a recent airborne Electro
Magnetic (EM) survey and from historical Induced Polarization (IP)
anomalies. Core logging and sampling are ongoing. Samples will be
forwarded to the labs in the coming days and weeks. This initial
program will enable a better understanding of the mineralizing
events on the property.
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 1960s intersected
porphyry/skarn type copper and zine occurrences near the western
limit of the property dubbed the Red
Brook zone. More recently, previous explorers 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.
Yves Rougerie, President and CEO
of Vision Lithium commented, "I am pleased we have commenced the
first drill hole into the copper porphyry target at Dôme
Lemieux. This deep target has
never been tested, based on historic work reports. The Gaspésie
Copper District is a prolific historic copper region of
Quebec and we have applied modern
tools including a high-resolution MAG survey along with 3D
modelling and data compilation to identify the best target for our
first hole. Porphyry copper deposits are currently the largest
source of copper ore globally and tend to be very large and so a
successful drill hole would be very meaningful to Vision Lithium.
In addition, we have other targets on the Dôme Lemieux property which we will look to drill
following the initial hole but for which permitting is still
pending."
Rougerie continued, "Red Brook
drilling is going well, and we anticipate completing the program in
the next week or so. We look forward to compiling and interpreting
the results of the program once assays are received. We are also
considering doing some additional trenching and stripping on
Red Brook and our nearby Benjamin
properties for which we are already permitted. With respect to our
lithium assets, we expect to begin work on the Manitoba lithium project later in the year
pending permitting and to send a prospecting and mapping crew to
the Sirmac project shortly."
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.
