Spod Lithium Announces Discovery Of Several Pegmatite Outcrops At Spod’s Megali Lithium Project In James Bay Quebec

Highlights :

• Several pegmatite outcrops have been identified and sampled. Observations shows the potential to identify large pegmatites on Block C. Pegmatites are concentrated in 500 metres wide swarms recognized over a kilometric strike length.
  
• Mineralogical and textural characteristics observed allow to link Block C pegmatites to the LCT type (Lithium-Cesium-Tantalum).
  
• The MegaLi project shares its border with Patriot Battery Metals Inc’s Corvette property and is located about 3 km south from CV5 pegmatite system. The CV5 pegmatite contains 109.2 Mt of inferred resources at 1.74% LiO2 contains in spodumene (Patriot Battery Metals, Corporate presentation, August 2023, Presentation - Patriot Battery Metals).
  
• 111 prioritised rock-chip samples are on their way to ALS Laboratories for alkaline fusion assaying.
  
• Fieldwork remains ongoing with only 18 of the forecasted 25 ground campaign days completed to date.
  

VANCOUVER, British Columbia, Oct. 04, 2023 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:SPODF) is pleased to provide shareholders with an exploration update on its MegaLi project located approximately fifty (50) kilometres south-southwest of the 2779 MW LG4 hydropower facility and 16 km from all-weather road access, JamesBay. The property consists of 78 mining claims covering a total area of 3,996.67 hectares (40 square kilometers) and is accessible by helicopter operating from a camp located along the hydropower reservoir.

Block “C” pegmatite discovery

During September’s work program, the exploration team identified multiple outcropping pegmatites and boulders over the three (3) blocks (B,C,F) during 18 days of exploration work in the field. A significant discovery was made on Block “C” where multiple large pegmatite intrusions follow the north-east regional structural trend. Individual pegmatite ridges can be followed for about 1km along strike. Peripheric exploration and mapping of the geology, indicated that potential thickness of these intrusions can be in a 10 to 50 metres range. The distribution of outcrops suggests a 500-metre-wide swarm composed of stacked intrusions. Host rocks of the pegmatite observed are composed mainly of amphibolite, although described as a tonalite on the MERN website.