Lithium Ionic Announces High-Grade Assay Results at Salinas Project with NI 43-101 Mineral Resource Estimate in Progress

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Pioneering advancements in the mining sector, Lithium Ionic Corp. (TSXV: LTH, OTCQX: LTHCF, FSE: H3N) ('Lithium Ionic' or the 'Company') has recently shared encouraging assay results from its burgeoning Salinas Lithium Project ('Salinas'), strategically located approximately 100 kilometres north of its Itinga group of properties in Minas Gerais, Brazil.

Exceptional Drilling Results at Salinas

The latest drilling endeavors have yielded significant lithium oxide concentrations, with one particular interval revealing 1.59% Li₂O over 15 meters, and another signifying 1.58% Li₂O over 9 meters. These results underscore the potential high-grade nature of the Salinas deposit and provide an optimistic outlook for the resource delineation process currently underway.

NI 43-101 Mineral Resource Estimate Initiation

In parallel with the assay developments, Lithium Ionic is undertaking a NI 43-101 Mineral Resource Estimate, which serves as a benchmark for standards of disclosure for mineral projects. This comprehensive and ongoing evaluation is instrumental in confirming the Salinas Project's viability and contributes to a clearer understanding of the asset's integrity and future profitability.

The announcement of such promising results from the Salinas Project has invariably caught the attention of investors and stakeholders in the lithium market, a commodity of increasing importance due to its pivotal role in the production of rechargeable batteries and the burgeoning electric vehicle industry. Lithium Ionic's consistent pursuit of exploration and development in the rich terrains of Minas Gerais positions the company as a potentially key player in the global lithium supply chain.

Lithium, Mining, Assay