Lithoquest Commences Sampling Program on The Keezhik Project

VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / Lithoquest Resources Inc. (TSX-V:LDI) ("Lithoquest" or the "Company") today announced that it has commenced a field program of prospecting and geochemical sampling on its gold properties located in NW Ontario beginning with the Keezhik Project (for more project information see: Projects | Lithoquest Resources Inc.)

"The presence of high-grade gold at several locations at Keezhik indicates its potential for a significant discovery," stated Bruce Counts, President and CEO of Lithoquest. "We are excited to begin the process of systematically exploring the priority targets that have been identified on the property."

The goal of the field program is to refine high-priority targets in advance of drill-testing in 2022. Targets have been developed through a review of the airborne magnetic data and LIDAR imagery acquired earlier this year in conjunction with historical information.

Field crews will initially be deployed to the Keezhik Project where multiple high priority targets have been identified and limited historical work has been completed. Exploration targets at Keezhik are represented by the following examples (See Figure 1):

KL-12 Target: High-grade gold confirmed in historical drilling (e.g., 25.78 g/t over 1.30m*) along with numerous gold-bearing historical surface rock samples (See Figure 2).

Hansen Target: Multiple gold-bearing historical surface rock samples (e.g., 12.20 g/t*) in proximity to deformed iron formation (See Figure 3).

Antiform Target: Gold in historical soil samples collected over folded iron formation and located along the same regional shear structure that extends to the Musselwhite Mine (See Figure 4)

Rock, soil and biogeochemical samples will be collected within the target areas over a four-week period. Samples will be sent to an accredited laboratory for analysis and results made available once received.

Figure 1: Keezhik Project - Selected Exploration Targets

Foto: Accesswire

Figure 2: KL12 Target*

Foto: Accesswire

*Historical results have not been independently verified by Lithoquest; and, there is no guarantee that the Company can reproduce the results in whole or in part. Potential investors should not rely on these historical results when making an investment decision.

Figure 3: Hansen Target*

Foto: Accesswire

*Historical results have not been independently verified by Lithoquest; and, there is no guarantee that the Company can reproduce the results in whole or in part. Potential investors should not rely on these historical results when making an investment decision.