VAL-D'OR, QC, May 5, 2021 /CNW/ - Vision Lithium Inc. (TSXV:
VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or "Vision Lithium")
is pleased to announce the results of the MAG-EM survey over its
Red Brook property in New Brunswick, Canada. The survey has
identified two high priority EM target areas.
The ~900 km helicopter-borne magnetic and electromagnetic survey
(MAG-EM) was flown at 50-metre spacings over the property. The
survey, flown at low altitude, collected high resolution data. EM
anomalies identified by the survey are located along the outline of
the Red Brook granite intrusive,
the likely source for mineralization on the property. Two large EM
target-areas have been identified, one with anomalies over a
distance of 1km long and the other over 500m.
The conductive zones identified by the survey are likely related
to the porphyry and skarn-type mineralization that has been
identified to date on the Property. A previous operator completed a
series of wide-spaced ground IP lines which identified several
large, buried chargeability anomalies. Historical outcrop sampling
has 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*. Magnetics data from the
airborne program together with target areas and the Red Brook granite intrusive outline can be
viewed in Figure 1.
Yves Rougerie, President and CEO,
stated, "The Vision Lithium team is very excited about these
findings from the MAG-EM survey over Red
Brook which, combined with the historical data, provide some
excellent targets. These targets have a strong EM signature and are
very sizeable stretching over a kilometre. We are currently in the
final stages of planning drill targets and will announce details of
the drill program later this month, or early June."
Vision Lithium's 100% owned properties in New Brunswick include two contiguous
exploration properties - Red Brook
and Benjamin– and cover 4,760 hectares (47.6 km2) over s strike
length of 20 km+ located approximately 60 km West of the mining
centre of Bathurst in Northern New Brunswick. The Property is in the
Popelogan sector West of the Bathurst VMS District. "The Popelogan
sector is host to Ordovician volcanic rocks and sediments of the
Silurian intruded by a series of felsic to intermediate intrusives
of Devonian age, similar to the geological context of the former
Gaspé Mine in Quebec. This
region is not part of the Bathurst
volcanic belt, it is more of a Gaspé Copper type environment"
(Geominex Inc., JAN 2017, report of
work 478129). This is also the context of the Company's other
properties in the area, namely the large Dôme Lemieux Copper-Zinc
porphyry-skarn project approximately 50 km North of the Property
and the Benjamin porphyry Copper project 20 km to the East.
Polymetallic Copper-Zinc-Silver-Lead-Gold mineralization has been
exposed at surface at several locations on the Red Brook Property.
It is interpreted as skarn and porphyry type and related to the
Red Brook granitoid intrusive
complex which underlies the claim area.
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While the Company
considers these historical results to be relevant, as they may
indicate the presence of mineralization, a qualified person has not
done sufficient work for Vision Lithium to verify the accuracy of
these results and therefore should not be relied
upon.
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The scientific and technical information in this release has
been reviewed and approved by Yves
Rougerie, Geologist, President and CEO of the Company. 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
lithium, gold and base metals in safe jurisdictions, primarily in
Canada. The Company is led by
skilled and qualified mineral exploration experts and business
professionals. Vision Lithium is committed to discovering new world
class assets and bringing these assets to production, starting with
the newly acquired Godslith lithium property in Manitoba which hosts a large historic lithium
resource, the Sirmac lithium property located in Northern Quebec, the Dôme Lemieux copper-zinc property in Quebec's Gaspé region, the polymetallic
properties in Northern New
Brunswick and the Ni-Cu-Co St Stephens property in
Southern 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
news 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
Company's ability to obtain all required approvals to complete the
acquisition of the Godslith lithium project (the
"Transaction"), the long-term prospects of the battery
materials markets, and the business and operations of the Company
upon completion of the proposed Transaction. 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 the Company's properties;
general business, economic, competitive, political and social
uncertainties; delay or failure to receive board, stakeholder or
regulatory approvals; and the ability of the Company to execute and
achieve its business objectives. 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.