Spod Lithium Corp. Provides Exploration Update on North Nipigon/Niemi Pegmatite Project

VANCOUVER, British Columbia, June 15, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:SPODF) is pleased to provide an exploration update on it’s Phase I exploration program for its 100% owned North Nipigon / Niemi Lithium project in the Georgia Lake Pegmatite Field, Ontario. DCX Geological Consulting has successfully completed the Phase I program on the 8,679-hectare project, in which they identified numerous high priority target areas by overlaying historical data with geophysical and LiDAR data collected from the Company’s February 2023 Mag/VLF airborne survey. The Phase I program focused on the most prospective areas for spodumene bearing pegmatite bodies on the project. The program covered the Niemi Block, North Nipigon Block A and North Nipigon Block C (Figure 1). A total of 107 surface grab samples were collected and submitted to the Actlabs facility in Thunder Bay, ON (assays pending). North Nipigon Block B remains untested due to access restrictions and the Phase II exploration program will include mapping and sampling on this highly prospective and historically underexplored area.

The Phase I program successfully identified three high priority targets for bedrock stripping and channel sampling. Multiple areas of thin overburden cover and black spruce swamp were identified, and a soil/tree bark sampling program is being mobilized. Prospecting will continue on all claim blocks with detailed mapping planned for the three bedrock stripping areas identified by this Phase I work.

Figure 1 shows the North Nipigon – Niemi Project with Rock Tech and Imagine Lithium’s developing deposits.  

PHASE I PROGRAM HIGHLIGHTS

The Phase I program successfully identified:

• Two-mica granite exposures along the Niemi trend (MDI42E05SW00017) that will be the focus of bedrock stripping and sampling on the Niemi Block.
• Multiple bedrock stripping targets on the north shore of Parole Lake, near spodumene rich boulders which returned assay values of 0.764 % Li₂O and 0.685 % Li₂O (Ontario Geological Survey AFRI 20000019444) on North Nipigon Block A.
• New bedrock stripping targets on North Nipigon Block C.
• Geochemical (soil/tree bark) sampling areas on Block A and Block C.

Chris Cooper, Spod Lithium’s CEO commented, “We are very encouraged by the initial outcome of phase 1 of our exploration program. We are confident there is potential for multiple exploration discoveries over the North Nipigon and Niemi properties and look forward to the assay results from the over 100 grab samples sent to Actlabs.”