Lithium Ionic Announces Record Lithium Grades at Bandeira Project in Brazil

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. TSXV: LTH, OTCQX: LTHCF, FSE: H3N, also referred to as 'Lithium Ionic' or the 'Company', has enthusiastically declared the discovery of its broadest and most concentrated lithium mineralization to date at its Bandeira Project in Minas Gerais, Brazil. Recent assay outcomes from 15 drill holes are presenting promising prospects for the feasibility-stage lithium venture.

Impressive Drilling Results Ignite Optimism

The exploration program has yielded an impressive intercept featuring 1.72% Li₂O over a stretch of 53.7 meters, including a particularly high-grade section of 1.87% Li₂O over 39.5 meters. This landmark finding underscores the significant potential of the Bandeira site, positioning it as a noteworthy contributor to the rapidly expanding lithium market, driven by surging demand for batteries in electronic devices and electric vehicles.

Strategic Significance of the Bandeira Project

The Bandeira Lithium Project, nestled in the northern reaches of Minas Gerais state, represents a strategic asset for Lithium Ionic given its prominent location within prolific mining territories. This recent drilling success further cements the project's viability, bolstering the company's confidence as it advances toward the feasibility stage. Lithium Ionic is focused on expediting the development of Bandeira, with these remarkable assay results indicating a brighter future for the company's stake in the lithium sector.

Lithium, Drilling, Assay