Green Shift Completes Initial Sampling Program at the Armstrong Lithium Project in Ontario

Green Shift Commodities Ltd.
Green Shift Commodities Ltd.
11 min read

In This Article:

Figure 1

2023 Sampling Program at the Armstrong Project in Northern Ontario

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (TSXV: GCOM and OTCQB: GRCMF), (“Green Shift”, “GCOM” or the “Company”) is pleased to announce that initial exploration work on its Armstrong Lithium Project (the “Armstrong Project” or the “Project”) is now complete. The sampling program consisted of reconnaissance prospecting and geological mapping along the 90 contiguous claims totaling ~1,800 ha, located in the Seymour-Crescent-Falcon lithium belt, ~55 km northeast of the town of Armstrong and ~245 km from Thunder Bay in Ontario, Canada.

Highlights

  • Given the potential of the region, the purpose of the program was to identify lithium bearing structures resembling the adjacent properties held by Green Technology Metals Limited (“GT1”) and Antler Gold Inc. (“Antler”).

  • Mapping and sampling done which indicate several positive mineral occurrences leading to further planned exploration.

  • 2023 prospecting program yielded several highly anomalous results in both lithium (Li) and tantalum (Ta), with notable samples including:

 

  • Sample 1290089

223 ppm Li

 

  • Sample 1290018

175 ppm Li

 

  • Sample 1290064

98 ppm Ta

 

  • Sample 1290066

greater than 100 ppm Ta

All results of the samples are listed in Table 1 below.

  • The results of the samples were above the crustal average for all four elements tested, supporting GCOM’s thesis that the Project’s pegmatites are sourced from a peraluminous granite melt and, in a region, prospective for Li bearing pegmatites.

  • The results are currently being used to plan further exploration work in 2024.

Peter Mullens, Executive Chairman of GCOM commented, “We are excited to advance the Armstrong Project with initial exploration. Sampling has shown the presence of potential lithium bearing pegmatites with a peraluminous granite source, which resembles closely the highly prospective neighbouring properties held by GT1 and Antler. With these findings, we can now start planning our 2024 work program. Ontario is an exciting place to be, in particular for lithium, with the province seeing ~$25B in government subsidies for EV battery plants in 2023 alone, and this being a very low-cost entry into the most prospective lithium exploration belt in the province.”

2023 Sampling Program at the Armstrong Project in Northern Ontario


Figure 1 – 2023 Sampling Program at the Armstrong Project in Northern Ontario

2023 Sampling Program

The 2023 sampling program consisted of reconnaissance prospecting and geological mapping conducted by Fladgate Exploration Consulting Corporation, a full-service mineral exploration consulting group.

A total of 287 mapped features and 89 samples were collected on the Project with results from rock chip sampling and prospecting showing above average crustal levels for 17 out of 89 samples for the following four elements: Li (20 ppm), Cs (4 ppm), Rb (112 ppm) and Ta (2 ppm). In addition, the mean for all of the samples is above the crustal averages for all four elements supporting the model that the Armstrong Project pegmatites are sourced from a peraluminous granite melt and, in a region, prospective for Li bearing pegmatites. While the overall grade of these samples is low, it is indicative of the potential presence of spodumene bearing pegmatites, related to a peraluminous granite melt. Relevant analytical results of the samples are listed in Table 1 and include lithium, cesium (Cs), rubidium (Rb) and tantalum.

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