Discovery Lithium Provides Project Overview

Company builds plan for district-scale discovery in booming lithium sector

VANCOUVER, British Columbia, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (the “Company” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to provide a summary of recent project acquisitions in Quebec’s booming lithium sector.

Company President & CEO Michael Gheyle advises, “2023 has been an eventful year for Discovery Lithium as we progress and build out our footprint as lithium explorers in Quebec. Our exploration approach received a massive kick-start when respected prospector Shawn Ryan brought us the results of a provincial study of lake bottom sediments that he found correlating data that pointed to a number of strategic acquisitions. The targets in Quebec are lithium-bearing pegmatites and as such, we are tailoring our exploration plans to get onto our properties quickly and efficiently to develop a comprehensive drill campaign to properly unearth the lithium potential in this red-hot region.”

Highlights

• Acquired 2 large pegmatite assets from award-winning prospector Shawn Ryan in Nunavik
• Phase 1 work program in Nunavik completed, awaiting results
• Acquired 4 pegmatite assets in James Bay and eastern Quebec
• Canada’s lithium found in Quebec - with recent notable activity by companies like Patriot Battery Metals, Li-FT, Sayona, and Nemaska amongst many others. With the James Bay Region as the current hot spot and the far north as a potential game changer.

Project Locations

Northern Quebec (Nunavik)

• Vaubert 2,113 mineral claims, 89, 027 hectares / ~220,000 acres
• Serindac 1,675 mineral claims, 75,256 hectares / ~186,000 acres

James Bay Region, Quebec

• Route Du Nord 112 mineral claims, 5,972 hectares /~14,757 acres
  

Eastern Quebec

• Lac Belanger 80 mineral claims, 4,384 hectares / ~10,833 acres
• Lac Ferland 72 mineral claims, 3,945 hectares / ~9,748 acres
• Lac Robertson 39 Mineral claims, 2,091 hectares /~5,166.9 acres
  
  

 

Property Descriptions

Vaubert and Serindac Lakes, Nunavik, Nord-du-Quebec Region

Highly recognized, award-winning prospector and project proponent Shawn Ryan has led the way in identifying the mining-friendly Nunavik region through his extensive lake-soil studies and he has advised the Company regarding the use of best practice fieldwork programs. Discovery Lithium’s massive claim holdings are located directly upon some of the highest lake bottom sediment anomalies in the entire province. This data represents 99^th percentile lithium and cesium as identified in the official Quebec government ministry database.