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Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF) reports promising assay results from its ongoing drilling program at the 100%-owned Bandeira property in Minas Gerais, Brazil. Highlights include intercepts like 1.59% Li₂O over 9.62 meters and 1.27% Li₂O over 10.09 meters, confirming strong mineralization over a 1-km trend with at least six spodumene-bearing pegmatite bodies. To date, over 11,000 meters of drilling have been completed, with a focus on near-surface lithium zones. The company aims to deliver its maiden mineral resource estimate soon. CEO Blake Hylands expressed confidence in the high-grade results and ongoing exploration efforts.
Lithium Ionic Corp. (LTHCF) provided an overview of its achievements in 2022 and goals for 2023. Trading since May 2022, the company focuses on lithium exploration at its Itinga Project in Brazil. With approximately $30 million in treasury, Lithium Ionic reported strong drilling results with grades such as 1.98% Li2O over 25.63m. It significantly expanded its land holdings and aims to complete a maiden NI 43-101 compliant resource estimate in early 2023. The company also plans to continue exploration activities and strategic acquisitions throughout the year.
Lithium Ionic Corp. (LTHCF) announced promising drilling results from its Galvani and Bandeira claims in Minas Gerais, Brazil. Highlights include:
- 1.98% Li2O over 25.63m (Galvani, hole ARDD-22-030)
- 1.99% Li2O over 6.75m (Bandeira, hole ITDD-22-011)
- 1.56% Li2O over 3.90m (Bandeira, hole ITDD-22-013)
The results support ongoing exploration, with plans for a mineral resource estimate in early 2023. CEO Blake Hylands expressed confidence in the drilling program's potential.