Spod Lithium Corp. to Begin Exploration Program at James Bay Quebec Project

VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB: SPODF) is pleased to announce its further exploration plan for the Company’s Megali and Lithium Grande 4 properties in the James Bay region in the province of Quebec. Both the Megali and Lithium Grande 4 projects are adjacent to Patriot Battery Metals' project, and less than 2.7 km south-south-east (Megali) and less than 2.0 km south (Lithium Grande 4) from Patriot's newly discovered Corvette lithium deposit. See Figure 1 below.

The Megali property consists of 78 mineral claims covering a total area of 3,996.67 hectares (40 square kilometers) and the Lithium Grande 4 project consists of 41 mining claims covering 2,100 hectares (21 square kilometers).  

The Company has executed a technical services agreement with ALS GoldSpot Discoveries Ltd. ("GoldSpot") for the collection and processing of geophysical and geomatics data with Goldspot’s Multi-Parameter Airborne Survey System (“M-PASS”) over the Megali and Lithium Grande 4 properties. GoldSpot will conduct an airborne acquisition with their Multi-Parameter Airborne Survey System (‘M-PASS’) over SPOD’s properties. ALS GoldSpot’s M-PASS platform consists of a triaxial magnetic gradient magnetic/VLF platform, 2048 channel radiometric sensor along with a high-precision LiDAR sensor and high-resolution cameras capable of producing four band imagery. The airborne survey aims to map the geology and identify geological trends more likely to contain pegmatite swarms, which often correspond to specific topographic features with magnetic lows and will serve as a valuable guide for the Company’s further exploration campaign this upcoming summer.

Figure 1: SPOD Lithium Corp. / Patriot Batter Metals Land Position Map

Chris Cooper, Spod Lithium’s CEO commented, “It is very exciting to start-up our exploration activities on the Megali and Lithium Grande 4 projects. We are confident the mag and LiDAR survey will provide invaluable data that will enable phase 2 of our summer field exploration program to be a major success, and hopefully lead to the discovery of lithium bearing pegmatites.”

About ALS GOLDSPOT DISCOVERIES LTD.

ALS GoldSpot is a Canada-based group of expert geoscientists and data scientists who utilize computational methods (such as multivariate analysis or Machine Learning) to assist mining and exploration clients. ALS GoldSpot offers unique processes to minimize client risk related to exploration targeting by optimizing aspects of conventional exploration workflows.