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Drilling targets on Red Brook property should be announced soon.
"Currently in the final stages of planning drill targets and will announce details of the drill program later this month, or early June.”
Should I buy the SOX, lithium, or Nikkei? I'm so confused and conflicted......will have to look at the NEXT resource that comes to mind. 
It did this here in 3 days :
It did that there in 3 days :
Look familiar ?
SOX JAN 11th - Last 3222
From Feb 1st - NOW 30,000
nowwhat 2020
It did this here in 3 days :
It did that there in 3 days :
Look familiar ?
SOX JAN 11th - Last 3222
Feb 1st -
LAST 30,000
nowwhat
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Vision Lithium Inc. (TSXV: VLI) (OTC : ABEPF) is a junior exploration company focused on exploring and developing high quality mineral assets including gold, copper and lithium in safe jurisdictions, primarily in Canada. The Company is led by skilled and qualified mineral exploration experts and business professionals. Vision Lithium is committed to discovering new world class assets and bringing these assets to production, starting with the Dôme Lemieux copper-zinc property in Quebec's Gaspé region, its polymetallic properties in New Brunswick, the Sirmac lithium property located in Northern Quebec and the Godslith Lithium property less than 1 km northwest of Gods River, Mantioba.
For further information on the Company, please visit our website at www.visionlithium.com
Godslith Property
Acquired by Vision Lithium in March 2021, the Godslith Property 100% ownership, is located less than 1 km Northwest of Gods River, Manitoba, within and surrounding the traditional territory of the Manto Sipi Cree Nation in the God’s Lake area of the province of Manitoba. The Godslith claim covers a total area of approximately 5,560 hectares.
Historical Drilling down to 243 m Homogenous and continuous mineralization 1.54% Li2O at surface and similar grade of 1.54% in deepest hole. Majority of historical of the drilling down to 125 m level.
Vision Lithium has applied for a Mineral Exploration License and is engaging in discussions with the Manto Sipi Cree Nation to sign an exploration agreement. Once the agreement is in place, the Company expects to immediately deploy a geological prospecting team to site to conduct ground proofing, terrain reconnaissance and sampling, as well as verify historical drill collars. Vision Lithium expects to initiate a 15,000 m to 20,000 m drill program targeting the historical Godslith lithium deposit over a 2 km strike length on 100 m sections down to 300 m vertical depth. In addition, the Company will commence a geochemical sample survey (MMI) in the vicinity of the deposit to test for addition mineralized zones outside the known deposit area.
Resource Estimate:
Zone Resource Classification Cut off Grade %Li2O Short Tons Grade % Li2O Weighted Average True Width (m)
Upper Zone Historic Indicated .70 4,800,000 1.27 11.04
Lower Zone Historic Propbable .70 4,600,000 1.14
Sirmac Mine: "The Highest grade hard rock lithium deposit in the world"
The Sirmac Property 100% owned, consists of 155 mining claims having a total area of approximately 7,670 hectares located approximately 180 kilometres North-West of Chibougamau, in the province of Québec. Metallurgical testing completed by SGS-Lakefield (‘SGS”) in the previous period from samples from the Sirmac property were successful in recovering 88.3% of the Lithium at a grade of 6.23% Li2O. Following receipt of these excellent results, SGS produced an amount 91.9 grams of very high purity Lithium Carbonate grading above 99.5%.
NEMASKA LITHIUM RELATIONSHIP
On December 14, 2017, Vision Lithium announced the signing of a definitive asset purchase agreement for a 100% undivided interest in the Sirmac Lithium Property from Nemaska Lithium Inc. Vision Lithium issued $250,000 cash payment and 15,000,000 common shares of Vision Lithium to Nemaska Lithium bringing its ownership of Vision Lithium to approximately 19.9% of Vision Lithium shares. In addition, Vision Lithium assumed a pre-existing 1% NSR on certain claims comprising the Sirmac Property.
According to the agreement, Nemaska Lithium will have a pre-emptive right to participate in any future equity financing as long as it holds at least 10% of Vision Lithium’s issued and outstanding common shares. In addition, Nemaska Lithium was granted the following additional rights:
• a right of first refusal to purchase any concentrate originating from the Sirmac Property for further processing at its Shawinigan hydro-metallurgical facility;
• the right to act as exclusive marketing agent for all lithium salts from concentrate originating from the Sirmac Property;
• the right to receive a 2% marketing fee, in cash, on the gross proceeds from the sale of lithium products derived from concentrate originating from the Sirmac Property sold by Nemaska Lithium (and from any concentrate otherwise sold by Vision Lithium that is not purchased by Nemaska Lithium); and
• a right of first refusal to reacquire the Sirmac Property in the event that Vision Lithium wishes to sell or otherwise assign and transfer its right, title and interest in and to the Sirmac Property.
Approval from the TSX Venture was received in January 2018.
GEOLOGY
The Sirmac property is located in the North-East part of the Superior geological province, in the Frotet-Evans volcano-sedimentary belt. Four types of rocks outcrop on the Sirmac property: quartz-biotite-hornblende schists, amphibolitized flows or mafic sills, syenite pluton, and pegmatites, some of which are spodumene-bearing. The main foliation strikes E-W and has a steep dip. More than twelve granitic pegmatite dykes, whose thickness ranges from 1 to 100 m, have been identified. All of these cut the host schists and generally strike NNW-SSE (315°/350°), with an apparent sub-vertical dip and steep contacts with host rocks.
As soon as spring thaw is completed in Q2 2021, Vision Lithium intends to deploy a ground crew to site to conduct a property wide prospecting and geochemical sampling (MMI) campaign with a goal to discover additional mineralized pegmatite Dikes on the property for follow up drilling. Assuming a successful prospecting season, the Company will initiate a drill campaign this summer/fall.
MINERALIZATION
The type of deposit associated with the lithium mineralization of the Sirmac property is a granitic, rare element-bearing pegmatite due to the presence of spodumene. In dyke #5—the known deposit—spodumene crystals are euhedral, with color and size varying from white to greenish- or grayish-white and from 1 to 30 cm in size, with an average size of 10 cm. The amount of spodumene found in the pegmatite ranges from 5 to 30% in volume. In general, the crystals are slightly altered and frequently contain rounded inclusions of quartz. A historical resource estimate was performed on the deposit by Wrightbar Mines Ltd. in 1994, with results indicating a total of 314,328 tonnes grading 2.04% Li2O.
HISTORICAL RESOURCE ESTIMATE
In 2012, Nemaska Lithium conducted a successful exploration campaign. In total, 9 sites were mechanically stripped for a surface area of approximately 13,000 m2. There were 29 channels completed over 739 metres for a total of 506 samples (selected results below, for full results see the Nemaska Lithium news release dated November 5, 2012).
Also as part of the same exploration program, Nemaska Lithium completed a diamond drill campaign of 72 shallow drill holes (3,414.5 m). A total of 1,953 samples, including quality control samples (13%), were sent to the lab for assay (selected results below, for full results see the Nemaska Lithium news release dated November 13, 2012).
Drill results from this program reported multiple intersections over 2% Li2O. More specifically, Nemaska Lithium intersected mineralization of up to 2.98% Li2O. This grade approaches the grade found at the Greenbushes deposit, which is the highest grade hard rock lithium deposit in the world.
From this work a mineral resources estimate was produced:
Historical Estimates
The existing Technical Report includes the following historical estimates for the Sirmac Property:
Table 1: Historical Estimates for the Sirmac Property with 0.50% Li2O Cut-Off Grade
Li2O%(1) Category(1)(2) Tonnage (t)(1)(3) Average Grade Li2O%(1) Average Grade Ta2O5 (ppm)(1)(4)
0.50 Measured 185,000 1.40 70
0.50 Indicated 79,000 1.40 80
0.50 Inferred 40,000 1.10 60
Notes:
(1) Effective date of December 2013.
(2) The historical estimates were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definitions Standards for mineral resources in accordance with NI 43-101. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are exclusive of the measured and indicated resources.
(3) Bulk density of 2.70 t/m3 is used. Rounded to the nearest thousand.
(4) Ta2O5 mineralization has yet to demonstrate recoverability and potential for economic extraction.
While the Company considers these historical estimates to be relevant to investors, as they may indicate the presence of mineralization, a qualified person has not done sufficient work for Vision Lithium to classify the historical estimates as current “mineral resources” or “mineral reserves” (as defined in NI 43-101) and the Company is not treating these historical estimates as current “mineral resources” or “mineral reserves”.
All block modelling, 3D solid generation and geological interpretation was conducted by SGS Geostat. Modelling and block interpolation was done using Genesis © software. As of December 2013, no other deposit in the Sirmac Property has mineral resources stated or estimated. In order to limit the mineral resources representing “a reasonable prospect of economic extraction”, a Whittle © Pit optimization was completed using the Lerchs-Grossman 3D algorithm. Considering the blocks limited to the optimized pit shell and a cut-off grade of 0.50% Li2O, the Sirmac Property comprises 185kt of measured resources at 1.40% Li2O, 79kt of indicated resources at 1.40% Li2O, and 40kt of inferred resources at 1.10% Li2O (see Table 1 above). These historical estimates of mineral resources do not represent mining reserves since they have not shown economic viability.
The existing Technical Report confirms that all sample assay results were independently monitored through a QA/QC program including the insertion of blind standards, blanks and the reanalysis of duplicate samples at a second umpire laboratory. The results of the QA/QC program and the resampling program indicate that the sample database is of sufficient accuracy and precision to be used for the generation of the historical estimates.
The technical information in the following section was reviewed by Yves Rougerie, geologist and President & CEO of Vision Lithium Inc. Mr. Rougerie is a Qualified Person within the meaning of the term as defined in of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
The Company has an interest or option to acquire an interest in the following properties:
https://visionlithium.com/sirmac/
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Dôme Lemieux, QC
The Dôme Lemieux is 100% owned. Consists of 225 map-designated claims totalling 12,056 ha or roughly 120 km2. The property is located in eastern Québec in the Gaspésie region, approximately 32 km SSE of the town of Sainte-Anne-des-Monts, Québec, as the crow flies. The Dôme Lemieux property has a rich history of low grade to high grade lead, zinc and copper discoveries. The Dome Lemieux property is located less than 200km north by road from the newly acquired New Brunswick, creating synergies for the exploration of both sites.
Accordingly, Vision Lithium has planned a 1,600 km helicopter-borne magnetic survey (MAG) in Q2. Interpretation of the survey will follow and be released in this quarter. These results will be correlated with historical work done on the property to identify drill targets. Following geophysics interpretation, the Company expects to launch a minimum of a 3,000-metre diamond drilling program, testing multiple deep porphyry copper targets and several shallower polymetallic (Cu-Zn; Zn-Pb-Ag, Au) targets.
New Brunswick Properties
Red Brook, NB Epithermal, NB and Benjamin, NB. The three contiguous Properties comprise 17 mineral claims covering 4,760 hectares (47.6 km2) located approximately 60 km West of the mining centre of Bathurst in Northern New Brunswick.
Wholly owned 100% Interest
On June 3 , 2020, Vision Lithium announced the signing of a definitive purchase agreement for the arm’s length
acquisition of a 100% undivided interest in the Red Brook, (Red Brook)-Epithermal and Benjamin mineral exploration properties from 9248-7792 Quebec Inc. and Prospect Or Corp. The three contiguous Properties comprise 17 mineral claims covering 4,760 hectares (47.6 km2) located approximately 60 km West of the mining centre of Bathurst in Northern New Brunswick. The Properties are easily accessible by year-round, well-maintained forestry road infrastructure. An additional 30 claim-units were added to the Epithermal group in the summer.
Under the agreement, Vision Lithium issued 6,000,000 common shares of the Company to 9248-7792 Quebec Inc. and 4,000,000 common shares to Prospect Or Corp and granted the vendors a 2% net smelter return royalty on the Properties, one-half of which may be repurchased by Vision Lithium for $1,000,000.
The Properties are located west of the Bathurst VMS District. A sequence of Ordovician and Silurian supracrustal rocks is intruded by Middle Devonian Granodiorite as well as other Siluro-Devonian felsic intrusions with which porphyry, skarn and other mineralization is genetically and spatially related. Similar Cu porphyry-base metal skarn related mineralization occurs at Gaspé-Needle Mountain porphyry copper deposit and at the Company’s Dôme Lemieux property associated with Devonian intrusives in the Gaspésie region of Quebec. Work on these properties was delayed due to COVID related access restrictions and significant work is now planned for the next fiscal year.
Red Brook Property
Following the discovery by prospectors of rocks with a high zinc content of up to 13%, a large stripping program was completed by previous operators on two highly altered zones (A and B). Zone “A” returned values of up to 15% Zn as well as gold and copper values up to 2.62 g/t Au and 0.5% Cu.
Best Selected Samples from Zone “A” on the Red Brook Property:
the Red Brook property has never been tested by drilling. In 2021 the Company was active on the Red Brook copper asset and flew a ~900 km helicopter-borne magnetic and electromagnetic survey (MAG-EM) flown at 50-metre spacings over the property. The survey was flown at low altitude and collected high resolution data which is now being interpreted and correlated with historical sample results and drilling to identify high-priority drill targets.
Geophysics results and details of a planned 1,500-metre drill program, testing targets will be released in Q2, with assay results to follow. Ground exploration of the Benjamin and Epithermal properties which are east of Red Brook is also planned for the summer. Groundwork will include prospecting, trenching, and sampling. Results are to be expected in Q3.
Epithermal Property
The Epithermal property is located in between and contiguous to both the Red Brook and Benjamin properties. It was only recently staked following construction of new forestry access roads. The vendors discovered a large outcrop of sericite-altered rhyolite with apparent breccia textures and quartz veins. A single sample assayed 40 ppb Au, indicating a fertile environment for gold mineralization. The occurrence has no reported prospecting or drilling history. Field work is required to advance this new and exciting prospect.
Benjamin Property
The Benjamin property is located east of the Epithermal property. The property covers approximately 15 sq. km. and is host to a copper-molybdenum porphyry type deposit in intensely altered and fractured granodiorite porphyry, part of a Devonian intrusive complex. Best historical intersections include 218m @ 0.22% Cu, 312m @ 0.12% Cu, 52m @ 0.20% Cu, 10m @ 0.39% Cu and 10m @ 0.30% Cu.
Stratmat first explored the area in 1954, followed by Soquem-Temex in the 1970’s. In the summer of 2019, the Vendors located two old trenches using a Lidar map, and resampled the old trench of hole 7014, as well as the old trench in the South C zone. The trenches exhibit altered and mineralized rocks. The trench along hole 7014 returned values of up to 1.14 g/t Au. The description of the drill hole in the Soquem report describes a 200m hole with mineralized rhyolite, which appears to coincide with the surface rocks found in the trench. Drill holes were not assayed for gold at the time of drilling. The core for several of the historic drill holes is preserved and may be available for resampling and assaying for gold.
The Benjamin property has been recognized as a porphyry copper-moly type. It is near a large granite intrusive. Only a relatively small area near the intrusive has been tested. A thorough prospecting program is recommended along with trenching and sampling and ground IP surveys. In addition, a review of the porphyry deposit is warranted to model the deposit, evaluate its potential at depth and its gold potential. The property warrants a further evaluation for porphyry deposits and contact related skarn deposits and their gold potential.
The Company is planning exploration programs for these Properties in 2021.
St-Stephen Property
The St-Stephen Property 50% owned, comprises 189 claims located near the town of St. Stephen in the southwest corner of New Brunswick. VLI staked the property in 2004 and 2005 and there are no underlying royalties. Indiana Resources (“IMX”) has acquired an initial 50% interest in the property following a 4-year, million-dollar expenditure on the claims. Indiana is the operator of the works.
The Property hosts numerous historic zones of magmatic Ni-Cu-Co mineralization, including several significant occurrences. The most significant zones are found at the Roger’s Farm deposit which was the object of underground development and exploration in 1959-1960. IMX drilled several historic and newly discovered zones and has expanded and enhanced their potential.
BBOARD OF DIRECTORS & MANAGEMENT
(Val-d’Or, Quebec) Yves Rougerie, P.Geo. is a graduate of the University of Quebec in Earth Sciences and brings 35 years of experience in the mining exploration and development business. Mr. Rougerie was named President and CEO of the Company in March 2007. Throughout his career, Mr. Rougerie has worked for several companies, including AREVA and AUR Resources, and has spent the last 20 years with the ABE group. He played a significant role in the exploration and development phases of Aur Resources’ Louvicourt Cu-Zn-Ag-Au Mine near Val-d’Or, and participated in the discovery and definition of the “L” uranium-gold deposit in the Otish Mountains, Quebec. Mr. Rougerie has acquired a wide range of experience in exploration techniques and project management pertaining to narrow-vein Gold, VMS Cu-Zn and uranium deposits. Mr. Rougerie was also a founding Director of Scorpio Mining Corporation.
(Montreal, Quebec) Mr. Victor Cantore, was elected as director on December 22, 2016. Mr. Cantore has been involved in the lithium industry through his role as capital markets advisor to Nemaska Lithium since 2011. In fact, Mr. Cantore was the property vendor of the Whabouchi Lithium property which he sold to Nemaska Lithium in 2009. Prior to that Mr. Cantore began his investment career in 1992 as an advisor for Tasse & Associates. In 1993 he moved to RBC Dominion Securities, one of the largest brokerage firms in Canada. Since 1999, Mr. Cantore has worked with both public and private companies organizing and structuring financings mainly in the resources and high tech sector. He has held directorships on the boards of directors of various private and public companies, including Amex Exploration Inc.
(Val-d’Or, Quebec) Robert C. Bryce, P.Eng., MBA is a graduate of the University of Toronto (B.Sc. Mining Engineering 1960) and of Western University (MBA 1964) withmore than 50 years of practical and executive mining experience at all levels. From 1975 to 1990, he led the Selbaie project from an advanced exploration project through feasibility to a 7,500 tpd producing mine. The Selbaie mine was Quebec’s largest base metal producer for a quarter century. From 1990 to 1994, Mr Bryce was VP Mining for Aur Resources where he led the 280M$ development and start-up of the 4,000 tpd Louvicourt Cu-Zn-Ag-Au mine near Val-d’Or, Quebec. Mr. Bryce founded ABE Resources in 1996 (now Vision Lithium) and presided over the Company until 2007. He is a director of several listed junior resource companies, including Integra Gold Corp. and a technical advisor to others.
(Sudbury, Ontario) Dr. Jobin-Bevans has almost 30 years in the mineral exploration business. Scott is the President & CEO and Principal Geoscientist at Caracle Creek International Consulting Inc., a private geological and geophysical consulting group which he co-founded in 2001. He is a registered geoscientist with the Association of Professional Geoscientists of Ontario (APGO), an Adjunct Professor in the Department of Geology, Lakehead University, and a certified Project Management Professional (PMP). Scott served as the President (2010-2012), a Director (2002-2010), and is a Past President of the Prospectors and Developers Association of Canada.
(Montreal, Quebec) Jonathan Gagné, P.Eng., MBA, has a B.Sc. in mining engineering from the École Polytechnique de Montréal and an MBA with specialization in corporate finance from the University of Quebec in Montreal. Mr. Gagné has more than 12 years of experience in the mining field, both in technical knowledge and in management. From the start of his career, he participated in the construction and commissioning of the Meadowbank gold project located in Nunavut, was responsible for the mine engineering department for the consulting company SGS Geostat and was the engineer in charge to support the in-pit operations for Glencore Zinc, and this around the world. More recently, he was managing director of Sayona Quebec, a company aiming to develop the Authier lithium project and currently works for the company Greenstone Gold Mines.
(Val-d’Or, Quebec) Ms Nancy Lacoursière was named Interim Chief Financial Officer, effective November 10th, 2016. Ms Lacoursière holds a BA in Accounting from UQAT (the Université du Québec en Abitibi-Témiscamingue). She has over 17 years of experience in accounting, including 8 years in the mining industry. Nancy is currently the Interim CFO for Cartier.
