Vital Battery Metals Inc.
(“
Vital” or the “
Company”)
(CSE:
VBAM |
OTC:
VBAMF |
FRA:
C0O), is pleased to provide an update on
Phase 1 of its exploration work at the company’s Sting Copper
Project (“
Project” or “Sting”), located in western
Newfoundland. Surface exploration work was managed by Dahrouge
Geological Consulting Ltd., it included geologic mapping, rock and
soil geochemical surveys, and prospecting during a three week
period in May and June of 2024. Exploration targeted areas adjacent
to known high-grade copper mineralization at both Jumbo
(
9.0% Cu across 9.1m) and Red Lode (
2.5%
Cu across 1.8m) (Assessment File 012G/08/0002), as well as
the underexplored North Sting claim block (see company news
release, April 23, 2024).
Summer 2024 Exploration
Summary
Prospecting/Grab Sampling
- 43 grab samples
(38 outcrops, 5 boulders), including sulphide-bearing samples
associated with silicification in previously undocumented areas
(Fig. 1-2).
- Massive
sulphide was found to outcrop in Jumbo Brook and on strike with the
Jumbo showing; suggesting a potential 200+ meter trend of
sulphide-bearing mineralization (Fig. 1).
Channel Sampling*
- Eight channels
totalling 11.64 meters in length and 25 individual samples cut in
both massive sulphide outcrops and quartz-carbonate, pyrite-bearing
veins from the drainage southeast of Red Lode (Fig. 1).
- A 1+ meter
interval of massive sulphide was identified in Jumbo Brook (Fig.
3).
Soil Sampling
- 449 soil
samples obtained from the North Sting claim block, targeting areas
near the Gregory River Fault and nearby mafic volcanics associated
with VMS-style mineralization in the Jumbo-Lode claim block.
- 134 soil
samples collected from the Jumbo-Sting claim block, east of the
Jumbo showing, to define the extent of Jumbo, and in an
underexplored section near the Gregory River area.
*Where unit orientations were available, channel
samples were collected perpendicular to the mineralization so as to
represent true thickness.
Adrian Lamoureux, Vital’s Chief Executive
Officer and President, commented, “The initial results from this
year’s work demonstrate the Project’s exceptional potential to host
significant Cu-Au VMS Style Mineralization. We look forward to
further developing the Jumbo-Lode area in the upcoming months
through our IP survey and drilling, while eagerly awaiting assay
results from the summer work.”
Upcoming Work:
Phase 1 exploration will continue with a ~13
line-km IP survey and associated line cutting (see company news
release, April 23, 2024), which will be completed in late July and
early August of 2024. The Company has engaged Eastern Geophysics
Ltd., a geophysical company based nearby in Corner Brook, NL and
with experience in the area, to conduct the survey. Induced
polarization (IP) surveys are commonly used to detect the
occurrence of sulphide rich ore bodies at depth and the survey is
expected to help the Company refine its current geological model
for massive sulphide occurrences within the property.
All soil, grab, and channel samples have been
submitted for geochemical analysis to SGS Canada Inc.’s Grand
Falls-Windsor division. Analytical results, along with field
observations and IP survey data, will guide a 1000+ meter drill
program anticipated to begin in September 2024.
Figure 1: Sting Copper Project
2024 Rock Samples. Inset picture shows the 200-meter distance
separating the Jumbo showing and the massive sulphide in Jumbo
Brook (Fig. 3). Dashed red line encircles a series of newly
discovered pyrite bearing, silicified boulders and outcrops (Fig.
2).
Figure 2: Strongly silicified
and sulphide rich samples east of Gregory River in the Jumbo-Lode
claim block
Figure 3: Massive sulphide
bearing channel sample C00212075 from Jumbo Brook, 200m northwest
of the Jumbo showing
References:
All assessment file data referenced above can be
sourced at the following Newfoundland and Labrador web
link: https://gis.geosurv.gov.nl.ca/
Quality Assurance / Quality
Control
All samples were collected in the field using a
hammer and chisel with channels cut using a portable saw. Locations
were obtained using a tablet or GPS-enabled cell phone with samples
placed in pre-labelled sample bags. Samples were securely
transported by field staff to SGS Canada’s laboratory in
Grand-Falls Windsor, Newfoundland for sample preparation (SGS code
PRP89 for rocks, PRP104 for soils). Soil samples will be analyzed
for a 49-element suite including Au using an aqua regia digest and
ICP-MS finish under SGS code GE_ARM3V25. Rock samples will be
analyzed for a 55-element suite using sodium peroxide fusion and
ICP-AES/ICP-MS finishes under code SGS code GE_ICM90A50 which
combines codes GE_ICP90A50 & GE_IMS90A50, as well as for Au
under code GE_FAA30V5. Appropriate OREAS standards were added to
soil and rock samples with a quartz blank added to the latter.
These QAQC samples will be supplemented by internal lab QAQC
analyses.
Management cautions that prospecting surface
rock samples and associated assays, as discussed herein, are
selective by nature and represent a point location, and therefore
may not necessarily be fully representative of the mineralized
horizon sampled. In addition, assay results from the exploration
program have not yet been received and may change the
interpretation of exploration results.
Qualified Person
The technical information contained in this news
release has been prepared and reviewed by Alexander Timofeev,
Ph.D., Project Geologist of Dahrouge Geological Consulting, who is
a registered P.Geo in Quebec and Newfoundland, Canada.
The analytical results discussed in this
document are historical. A Qualified Person has not performed
sufficient work or data verification to validate these results in
accordance with NI 43-101. Although the historical results may not
be reliable, Vital Battery Metals Inc. nevertheless believes that
they provide an indication of the property’s potential and are
relevant for any future exploration program.
About Vital Battery Metals
Inc.
Vital Battery Metals Inc. (CSE: VBAM |OTC: VBAMF
| FRA: C0O) is a mineral exploration company dedicated to the
development of strategic projects comprised of battery, base and
precious metals in stable jurisdictions. The Company is working to
advance its Schofield Lithium, Dickson Lake Lithium, Sting Copper
Project, and Vent Copper-Gold Projects.
The Sting Copper Project covers approximately
12,700 hectares and hosts multiple historic Newfoundland and
Labrador Government documented mineral occurrences and is located
within a 50 km corridor known for significant volcanogenic massive
sulfide (VMS), copper quartz vein lode and low sulphation
epithermal gold showings. The Vent Copper-Gold project covers 1,562
hectares in British Columbia. Vital continues to evaluate value-add
assets to bolster its project portfolio.
The Schofield Lithium Project covers 8,824
hectares and is adjacent to Brunswick Exploration’s Hearst Lithium
Project. The Schofield Lithium Project is located ~60 km south of
Hearst, Ontario. The Dickson Lake Lithium Project covers 464
single-cell mining claims and approximately 9,780 hectares and is
near a Brunswick Exploration Lithium Project, Imagine Lithium’s
Jackpot Deposit and Rock Tech’s Georgia Lake Deposit.
For more information, visit
www.vitalbatterymetals.com.
On Behalf of the Board of
Directors
Adrian LamoureuxChief Executive Officer, Director+1 (604)
229-9772info@vitalbatterymetals.com
Disclaimer for Forward-Looking
Information
This news release contains certain
forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts,
including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance,
including statements regarding the Project acquisition bringing a
low-risk opportunity, the Company building a strong battery metals
portfolio with low-risk opportunities that positively impact the
Company and its shareholders and the Company providing an initial
work plan are "forward-looking statements". Forward-looking
statements in this news release include, but are not limited to,
statements with respect to the Sting Project and its mineralization
potential; the Company’s objectives, goals or future plans with
respect to the Sting Project; the commencement of drilling or
exploration programs in the future; the anticipated results of any
drilling or exploration programs conducted in the future. These
forward-looking statements reflect the expectations or beliefs of
management of the Company based on information currently available
to it. Forward-looking statements are subject to a number of risks
and uncertainties, including those detailed from time to time in
filings made by the Company with securities regulatory authorities,
which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements. These factors should
be considered carefully and readers are cautioned not to place
undue reliance on such forward-looking statements. The
forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
The Canadian Securities Exchange (CSE) does not
accept responsibility for the adequacy or accuracy of this
release.
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