Discovery Lithium Inc. Enters into Definitive Agreement to Acquire Group of Claims in Northern Québec

VANCOUVER, BC / ACCESSWIRE / August 14, 2024 / Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN:A3EFKA) (the "Company" or "Discovery Lithium"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that it has entered into a definitive agreement to purchase a group of claims generally known as the Sakami and Radisson East Lithium Properties (the "Claims"), located in the James Bay lithium district.

The Sakami and Radisson East Lithium Properties

The Sakami and Radisson East lithium Properties (collectively the "Properties") cover more than an 89.7km² footprint within the prolific James Bay lithium district. The Properties are centered around regional Archean-aged Guyer greenstone structures with coincident anomalous lithium-in-lake sediment results. Greenstone belts are the key host geology at each of the following nearby high-grade lithium projects: 1) Patriot Metals' Corvette Lithium Project, 2) Winsome Resources Cancet Lithium Project, and 3) Q2's Mia Lithium Project. The Sakami Property covers a combined ~37km under-explored strike length potential and Radisson East a combined ~15km of strike length - representing compelling targets for future exploration. No lithium focused exploration has been conducted at either of the Properties.

Foto: Accesswire

Figure 1. Discovery Lithium James Bay West Projects, including Sakami and Radisson East.

In addition to covering extension strike length of Archean-aged Guyer greenstone structures, several Quebec provincial dataset lake sediment results returned >95 percentile for lithium anomalism proximal to the Sakami Property.

Geologically, the Sakami Property is covered by a series of granites, granodiorites and quartz-feldspar-biotite gneisses and importantly, coarse grained pegmatites have been mapped previously:

"The southeast part of the Project is covered by principally a series of granites and granite gneisses pinkish-white, medium to coarse grained, migmatized and cut by pegmatites. These are followed to the north by white well banded tonalites to tonalite gneisses with some migmatized sections and pegmatites. There are occasional bands of mafic gneisses with quartz, feldspar, biotite and hornblendes that occur on the Project" - Link to report (GM60026).