Explore4more
3 years ago
Copper price is hot, Vision Lithium's Dôme Lemieux property covers 12,056 ha (120.6 km2) in Eastern Québec in the Gaspésie region and is located in a structural corridor that hosted past producing copper mines (e.g., the Madeleine Mine, which produced 8,134,000T @ 1.08% Cu and 9.0 g/t Ag prior to 1982, the Gaspé Copper Mine in Murdochville, which produced 141,655,000T @ 0.85% Cu from 1955 to 1999, and the Sullipek deposit, which has estimated historical resources of 1.84MT @ 1.39% Cu).*
LCJR
3 years ago
$ABEPF - Vision Lithium to Webcast Live at VirtualInvestorConferences.com March 30th
Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com
PR Newswire
VAL-D'OR, QC, March 22, 2021
VAL-D'OR, QC, March 22, 2021 /PRNewswire/ -- Vision Lithium ((TSXV:VLI, OTC PINK: ABEPF), based in Quebec, focused on mining exploration, today announced that Victor Cantore, Executive Chairman, will present live at VirtualInvestorConferences.com on March 30th
(PRNewsfoto/VirtualInvestorConferences.com)
DATE: March 30th
TIME: 1:00pm ET
LINK: https://bit.ly/2O4IcXP
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
Recent Company Highlights
Completing the acquisition of the Godslith lithium project in Manitoba which has a sizeable historical resource with the potential to become world class asset
Successfully produces battery grade lithium carbonate sample from Sirmac Lithium project
Engages Geo Data Solutions to perform a high-resolution helicopter supported Mag-EM survey on its 100% owned Red Brook copper property
Field work is planned on new claims recently added to the Sirmac lithium project in Quebec.
LCJR
LCJR
3 years ago
$ABEPF - Vision Lithium Completes Acquisition of Godslith Lithium Property
https://www.otcmarkets.com/stock/ABEPF/news/Vision-Lithium-Completes-Acquisition-of-Godslith-Lithium-Property?id=294528
Canada NewsWire
VAL-D'OR, QC, March 22, 2021
VAL-D'OR, QC, March 22, 2021 /CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (Frankfurt: 1AJ2) (the "Company" or "Vision Lithium") is pleased to announce the closing of its acquisition (the "Transaction") of a 100% undivided interest in the non-surveyed, unpatented mining claim known as the Godslith claim from Messrs. James C. Campbell and Peter C. Dunlop (the "Vendors") pursuant to the terms and conditions of a property purchase agreement entered into between the parties, dated March 19, 2021 (the "Purchase Agreement"). In connection with the Transaction, Vision Lithium has applied for a mineral exploration licence, which together with the Godslith claim, covers a total area of approximately 5,560 hectares (the "Property"). The Property is located less than 1 km Northwest of Gods River, Manitoba, within and surrounding the traditional territory of the Manto Sipi Cree Nation (the "MSCN"), in the God's Lake area of the province of Manitoba.
Vision Lithium Inc. Logo (CNW Group/Vision Lithium Inc.)
Yves Rougerie, President and CEO of Vision Lithium commented, "We are keen to commence work on the Property and to bring the historical lithium resource into current NI 43-101 standards. After careful review and modelling of the historical exploration data, I am confident that we can expand on the work done to date and identify additional lithium mineralization on the Property, making for a sizeable and important North American lithium project."
The Transaction
Pursuant to the terms of the Purchase Agreement, Vision Lithium issued to the Vendors 4,000,000 common shares of the Company (the "Shares") and granted the Vendors a 3% net smelter returns royalty on the Property (the "Royalty"). In addition to the statutory hold period of four months and one day from the date of issuance, the Shares are subject to an escrow agreement and will be released in four equal tranches of 1,000,000 Shares over an 18-month period. One-third of the Royalty (1%) may be repurchased by the Company for $1,000,000 and an additional one-third (1%) may be repurchased by the Company for an additional $2,000,000. The Transaction remains subject to the final approval of the TSX Venture Exchange.
A separate exploration agreement is to be negotiated and entered into between Vision Lithium and the MSCN to establish a long-term, mutually beneficial, cooperative and respectful relationship based on trust and certainty concerning the exploration program to be carried out by Vision Lithium on the Property.
The Godslith Property
The historical exploration information presented herein is sourced from an independent technical report on the Property (the "Technical Report"), dated August 26, 2009, that was prepared for First Lithium Resources Inc. by qualified person Mark Fedikow Ph.D., P.Eng., P.Geo., C.P.G. in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
The Godslith pegmatite dyke is classified as a rare metal spodumene pegmatite. The lithium-bearing mineralization has an approximate 2.3 km drill-indicated strike-length and dips 70 degrees North. The Technical Report details the geological setting of the Property's lithium-bearing pegmatite and reviews the historical exploration results. Between 1958-1961, INCO completed 25 wide-spaced drill holes for a total of 9,421 ft (2,871.5 m). In 1986, W.C. Hood Geological Consulting completed an internal report wherein they reported the following resource estimate:
Zone
Resource
Classification
Cut-off Grade
% Li2O
Short
Tons*
Grade
% Li2O
Weighted Average
True Width (Metres)
Upper Zone
Historic Indicated
0.70
4,800,000
1.27
11.04
Lower Zone
Historic Probable
0.70
4,600,000
1.14
*1 short ton = 0.9072 metric tonnes.
While the Company considers these historical estimates to be relevant to investors, as they may indicate the presence of mineralization, a qualified person has not done sufficient work for Vision Lithium to classify the historical estimates as current "mineral resources" or "mineral reserves" (as defined in NI 43-101). The foregoing historical estimates were calculated prior to the implementation of NI 43-101 and the Company is not treating these historical estimates as current "mineral resources" or "mineral reserves".
The Technical Report provides recommendations for future exploration work and includes an initial program of prospecting and geological mapping followed by soil geochemical surveys designed to assess the area for additional pegmatite dykes and base and precious metals. A diamond drill program has also been recommended for the purpose of extending the lithium-bearing pegmatite on the Property to depths below those indicated by the historic Inco drilling.
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.
LCJR
LCJR
3 years ago
$ABEPF - Vision Lithium Provides Exploration Update, Initiates Airborne Mag-EM Survey at Red Brook Copper-Zinc-Gold Project and Field Work on Sirmac Lithium Project:
https://www.otcmarkets.com/stock/ABEPF/news/Vision-Lithium-Provides-Exploration-Update-Initiates-Airborne-Mag-EM-Survey-at-Red-Brook-Copper-Zinc-Gold-Project-and-Fi?id=292895
PR Newswire
VAL-D'OR, QC, March 9, 2021
VAL-D'OR, QC, March 9, 2021 /PRNewswire/ - Vision Lithium Inc. (TSXV: VLI) (OTC PINK: ABEPF) (the "Company" or "Vision Lithium") has engaged Geo Data Solutions, a well-established geophysical contractor based in Laval, Quebec, to perform a high-resolution helicopter supported Mag-EM survey on its 100% owned Red Brook property (the "Property") to be carried out in March 2021. The Property covers approximately 2,780 hectares located West of the Bathurst mining district of New Brunswick, Canada. In addition, Vision Lithium is planning a field exploration program on the newly staked lithium claims that are proximal to the East Zone of the Sirmac lithium project in Quebec, Canada. The program will consist of prospecting, geochemical soil sampling and handheld XRF testing.
Yves Rougerie, President and CEO of Vision Lithium stated, "I am very excited by the copper potential on the Red Brook property which is in a similar geological setting as our Dôme Lemieux copper project in the nearby Gaspé Peninsula. Both are exciting copper targets for exploration. We are very bullish on the general market for copper as a critical metal in the battery materials supply chain and especially critical in the global electric infrastructure that will support electric vehicles."
Rougerie continued, "We are also planning field work on the new claims recently added to our Sirmac lithium project in Quebec. This area needs planning and exploration data and our work here will assist in providing targets for future drilling. Finally, we are continuing to advance closing matters to complete the acquisition of the Godslith lithium project in Manitoba pursuant to the previously announced binding letter of intent. Vision Lithium offers investors exposure to both copper and lithium, two critical battery materials. We have an enviable and prospective portfolio of battery material projects in our stable and I believe the Company has never been better positioned when it comes to the quality of the projects and the exploration potential they offer."
The proposed 871-line-kilometre high-resolution helicopter supported Mag-EM (magnetic and electro-magnetic) survey will be flown at 50-metre line spacings, covering an area of approximately 40 km2. The survey, flown at low altitude, will collect high resolution data that will be used to identify geological features that may be related to mineralization. Mineralization identified on the Property to date is often associated with pyrrhotite which is readily identified by these methods. A previous operator completed a series of wide-spaced ground IP lines which identified several large, buried chargeability anomalies. Vision Lithium expects the airborne Mag-EM survey may better map these anomalies in 3 dimensions and potentially identify new ones which could be drill-tested later in 2021. The Company is hopeful that the survey may identify buried mineralized zones which could be related to the source of the porphyry and skarn-type mineralization that has been identified to date on the Property.
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 Property. It is interpreted as skarn and porphyry type and related to the Red Brook granitoid intrusive complex which underlies the claim area.
Previous work on the "A" Zone, a stripped gossan area on the Property, has returned significant results as listed below:
Zinc Zone
Zn %
Cu %
Au g/t
15.05
0.21
0.04
12.10
0.19
0.04
8.79
0.25
0.03
8.20
0.20
<0.01
8.13
0.18
<0.01
7.70
0.17
0,02
7.02
0.17
<0.01
6.98
0.18
0.01
Gold-Copper Zone
Cu %
Au g/t
Zn %
0.55
0.79
0.02
0.47
0.28
0.02
0.45
0.95
0.02
0.45
0.27
0.06
0.44
2.62
0.01
0.43
0.21
0.01
0.43
0.53
0.02
0.36
1.61
0.01
0.34
0.33
0.01
0.33
0.22
0.07
0.32
0.19
0.03
0.31
0.24
0.01
0.29
0.44
0.01
0.26
0.32
0.01
0.22
0.13
0.02
0.18
0.91
0.00
The Company anticipates the Mag-EM survey will take approximately two weeks to complete in the field and the results should be available within a month. Planning for a drill program to test high-priority targets identified by the survey will follow.
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.
LCJR
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