• International Lithium (ILC) has yielded up to 2.25 per cent Li2O over 15.82 m from phase 3 drilling on its Raleigh Lake Project in Ontario
  • Additional highlights include 4.62 m grading 2.29 per cent Li2O and 3.98 m grading 1.21 per cent Rb2
  • All phase 3 assays will be included in Raleigh’s upcoming mineral resource estimate
  • CEO John Wisbey joined Coreena Robertson to discuss the results
  • International Lithium explores and develops projects with the potential to become world-class lithium and rare metal deposits
  • International Lithium (ILC) is unchanged, trading at $0.07 per share

International Lithium (ILC) has yielded up to 2.25 per cent Li2O over 15.82 m from its Raleigh Lake Project.

The result stems from 20 holes of phase 3 diamond drilling on the Ontario-based property, which consists of 48,500 hectares of adjoining mineral claims 100-per-cent owned by the company. Raleigh is not subject to any encumbrances and is royalty-free.

Additional highlights:

  • 4.62 m grading 2.29 per cent Li2O
  • 4.85 m grading 2.06 per cent Li2O
  • 3.98 m grading 1.21 per cent Rb2

The drilling demonstrated mineral continuity and intersected thicker and higher grades closer to surface as anticipated.

All results from phase 3 will be included in Raleigh’s upcoming mineral resource estimate.

Additionally, the company has completed an airborne geophysical survey in anticipation of 2023 field exploration, which will focus on prospective mineralized extensions, as well as vein intersections from pending regional exploration assays.

The company also applied for funding under the Ontario Junior Exploration Program in 2022 and qualified for C$200,000. It received the first C$60,000 in late 2022, with the remainder expected in April 2023.

CEO John Wisbey joined Coreena Robertson to discuss the results.

International Lithium explores and develops projects with the potential to become world-class lithium and rare metal deposits. It is primarily focused on Canada, Ireland and Zimbabwe.

International Lithium (ILC) is unchanged, trading at $0.07 per share as of 12:15 pm EST.


More From The Market Online
Q2 Metals - Mineralization from Q2 Metals' Mia lithium property in Fall 2023.

Junior lithium stock expands mineralization in Quebec

Junior lithium stock Q2 Metals (TSXV:QTWO) releases value-accretive assays from its winter 2024 drill program on its Mia property in Quebec.

Sterling Metals completes Copper Road Project acquisition

Sterling Metals (TSXV:SAG) completes the acquisition of the Copper Road Project in Ontario from Copper Road Resources (TSXV:CRD).
Pampa Metals - Drill core from Pampa Metals' 3rd drill hole at the Piuquenes copper and gold project in Argentina.

Three small-cap stocks to supercharge your commodity exposure

Commodity investors could reap outsized returns by buying into small-cap natural gas, uranium and copper stocks worthy of strong conviction.
Aparis Copper Mine

A Portuguese feast: EuroPacific Metals (EUP.V) digs in on a copper and gold smorgasbord

Karim Rayani liked Portugal so much he moved there and bought some historic producer mine projects that North Americans had forgotten about.