Spod Lithium Preparing Upcoming Drill Program Following Positive Results From Fall Prospecting

Highlight Results from Spod Lithium’s Mega Li and La Grande 4 Properties Adjacent to Patriot Battery Metals Corvette Project in Quebec, Canada:

• Drilling targets are identified through surface sampling and gravimetric survey on Spod’s Block C Pegmatite as part of the 2024 winter program.
• Initial prospecting on MegaLi and La Grande 4 claim blocks A, D, E, F all returned Li anomalies. Highest result from La Grande 4 block A is 540 ppm Li.
• Grab samples from the lithium-bearing pegmatites on Spod’s discovery Block C, located 5 km east south-east from the Patriot Battery Metals CV5 spodumene resources, assayed up to 440ppm Li, and rubidium enrichment reaching 2,920 ppm.
  

VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB: SPODF) is pleased to announce results from lithium grab samples and geometric survey from its prospecting program at MegaLi and La Grande 4 properties in James Bay, Quebec. The gravimetry survey executed last fall (See map below) gave a clear signature for the block C pegmatites and the indication of a stacking of similar signatures away from the exposed pegmatite. This survey combined with the lithium values found in the rock sample assays have generated several prospective drill targets for the 2024 winter exploration program.

Of note, the Block C pegmatite system is located about 5 km east of Patriot Battery Metals CV5 (Corvette) spodumene mineralization which is currently being drilled. Compilation of magnetic data indicates that both Block C and CV5 systems are included within a north-east well-defined trend.

Chris Cooper, Spod’s CEO commented, “We are happy with the outcome of our 2023 exploration program and are very eager to begin drilling our prospective targets on both the MegaLi and La Grande 4 properties. We are confident the exploration work we have done and continue to do going forward will yield a successful 2024 exploration season.”

Figure 1- Property Location Map with bedrock sampling

Block C Pegmatite

Multiple large pegmatite outcrops, spread over 5kms, were identified on Block C. The pegmatite dyke swarms were identified over kilometric strike lengths through a combination of magnetic Lidar and a gravimetric survey, which was undertaken by Spod in late 2023.

Results received from 101 bedrock samples confirmed lithium anomalies with results as high as 440 ppm Li with 14 results between 0.026% and 0.095% Li₂O. Rubidium enrichment, which is common in a spodumene bearing environment, averaged 1,480 ppm to a maximum value of 2,920 ppm. Cesium, tantalum, and niobium are also present and enriched.