SYDNEY, AUSTRALIA – [7 August 2023] – Intra Energy Corporation Limited (ASX:IEC) (“IEC” or the “Company”) is pleased to announce significant advancements in its Llama Lithium Project in the prolific James Bay Lithium district of Québec, Canada.
Highlights:
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Desktop Study: A comprehensive study was undertaken, including a review of historical mapping and analysis of high-resolution satellite imagery.
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New Pegmatite Targets: A total of 108 new pegmatite targets have been identified for further analysis ahead of IEC’s maiden ground campaign.
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Large Scale Outcropping: Four large scale outcropping potential pegmatites bodies have been confirmed:
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Outcrop 5 – 500m in length and 150m in width
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Outcrop 45 – 400m in length and 200m in width
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Outcrop 50 – 400m in length and 180m in width
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Outcrop 79 – 400m in length and 100m in width
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Historical Data: Historical geochemical data suggests lithological composition similar to Adina Lithium Project, located 65km southwest of the property.
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Exploration Potential: The identification of new targets adds significant exploration potential to the existing 12 outcropping pegmatite targets identified at Llama prior to the project acquisition.
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Upcoming Program: Airborne LiDAR mapping program planned ahead of a comprehensive field program to further prioritize targets.
From interpretation of Satellite Imagery, the Company’s geological partner, Dahrouge Geological Consulting (“DGC”), has identified several ‘white patches’ characteristic of pegmatite outcrops. This method of identifying potential pegmatites from satellite imagery has proven successful in the past, with analysis of high-resolution satellite imagery also conducted over Patriot Battery Metals’ (ASX: PMT) CV5 lithium discovery, where anomalies were highlighted over the areas of outcropping lithium pegmatites.
In July 2023, DGC undertook and compiled a review of the Project on behalf of IEC, consisting of a combined desktop review of historical reports and analysis of high-resolution satellite imagery. The aim of the review was to create a database of important potential indicators for lithium and identify points of interest for follow-up fieldwork.
IEC Managing Director, Benjamin Dunn, commented: “We are very excited to add a further 108 new pegmatite targets for further exploration at the Llama Lithium Project within just two weeks of completing the acquisition. This early work further justifies our faith in acquiring the Project and although pegmatites do not necessarily indicate that there is lithium mineralization, it does provide IEC with an exciting starting point to immediately focus on, as part of the comprehensive fieldwork campaign which is planned for completion by the end of the summer.”
About us:
Intra Energy Corporation (ASX:IEC) is an environmentally responsible, diversified mining and energy group with a core focus on battery, base and precious metals exploration to support the global decarbonisation and electrification for the clean energy future.
Contact details:
Chloe Hayes
chloe@janemorganmanagement.com.au
