Leading Edge Materials Intersects Further Lithium Mineralization at Shallow Depth at Bergby, Sweden

VANCOUVER, June 19, 2017 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company") (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce results from the final six holes drilled at the Company's 100% owned Bergby lithium project in Sweden.  Results were again strongly positive, and include two new near surface intersections that exceed 16m in thickness at greater than 1% Li2O (lithium oxide). 

With this final set of drill data from the first drill program completed at Bergby, lithium mineralization is known to extend for more than 600m along strike, and remains open in all directions. Preparations are now underway for an expanded second drill program starting Q3 2017.

Key Results:

  • BBY17013 intersected 1.05m @ 0.68% Li2O (lithium oxide) from 8.00m depth
  • BBY17014 intersected 6.40m @ 0.64% Li2O from 18.85m depth
  • BBY17015 intersected 16.35m @ 1.00% Li2O, 129ppm Ta2O5 (tantalum oxide) from 15.75m depth
  • BBY17016 intersected 18.80m @ 1.14% Li2O, 101ppm Ta2O5 (tantalum oxide) from 17.75m depth
  • BBY17017 intersected 1.25m @ 0.59% Li2O from 12.25m depth
  • BBY17018 did not intersect the targeted pegmatite and was unmineralized

A full set of drilling data is provided in Tables 1 and 2, and presented as Figure 1.  A cross section of selected drill holes is provided as Figure 2 to show continuity of mineralization.

Blair Way, President and CEO, stated "The first Bergby drilling program comprising only 18 holes has delivered excellent lithium and tantalum results, and Bergby now ranks as a very significant lithium occurrence in the Nordic region. The high hit rate of high grade lithium so near surface over a 600m strike is impressive, and sets us up for an immediate follow up drilling program.        

We are now preparing for additional drilling to test the along strike and down dip extension of lithium mineralization. This program will also collect adequate sample for the first round of mineral processing test work. Additional surface work shall also be completed to better understand the prospectivity of the Bergby area." 

Bergby lies in central Sweden, 25km north of the town of Gavle, secured by three exploration licenses that cover a total of 1,903 Ha.  The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries.  The potential for low cost and rapid development is significantly enhanced by the presence of a deep-water port only 5km from the site.

The true thickness of mineralized intervals is interpreted to be approximately 90% of the sampled thickness. 

Europe is playing a leading role in the transition to low-carbon energy generation from renewable sources, and the efficient storage of that energy.  Electric mobility (EV's, HEV, PHEV's) and stationary electricity storage are dependent on high purity graphite, lithium and cobalt, where Leading Edge Materials is an active European player.  Lithium has a strong and expanding market, due to the essential role it plays in lithium-based batteries for the automotive, consumer product and stationary electrify storage industries.  The high electrochemical potential of lithium results in the high power to weight ratio that is essential for efficient mobile batteries. 

On behalf of the Board,

"Blair Way"
Blair Way, President & CEO

Samples submitted by Leading Edge Materials Corp were prepared and analyzed by the ME-MS89L technique by ALS Ltd's laboratories in either Pitea, Sweden, Loughrea, Ireland and/or Vancouver, Canada, where duplicates, repeats, blanks and known standards were inserted according to standard industry practice.

The qualified person for the Company's exploration projects, Mark Saxon, Director of Leading Edge Materials and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release.

About Leading Edge Materials:

Leading Edge Materials is a Canadian public company with principal assets in Scandinavia, a region well recognised for its promotion and investment in innovation. The Company's flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. Leading Edge Materials' core investments are matched to high growth markets, linked to the global shift to low-carbon energy generation and energy storage.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information. This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include but are not limited to, the Company's expectations regarding drilling at Bergby, the Company's expectations regarding graphite production at Woxna, the Company's preliminary economic assessment on Woxna is no longer current or valid as a result of the filing of a new NI 43-101 Technical Report effective March 24, 2015, and the Company has no plans to complete a new preliminary economic assessment, a pre-feasibility or feasibility study on the project, as such there is an increased risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; exploration activities to advance other critical material projects of the Company for energy storage markets, delays in obtaining or failure to obtain necessary permits and approvals from government authorities. Although such statements are based on management's reasonable assumptions, there are risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

Table 1: Drill collars locations and orientations, Bergby Project.  Drilling was conducted with "Wireline 56" equipment proving core with a diameter of 39mm.

Hole_ID

Easting SWEREF

Northing SWEREF

Elevation RH2000

Azimuth

Dip

Length

BBY17001

612902

6760564

35

295

45

54.80m

BBY17002

612881

6760582

35

0

90

14.80m

BBY17003

612872

6760590

35

0

90

16.45m

BBY17004

612864

6760597

35

0

90

17.90m

BBY17005

612877

6760609

35

0

90

17.95m

BBY17006

612866

6760613

35

0

90

27.00m

BBY17007

612886

6760604

35

0

90

12.00m

BBY17008

612886

6760627

35

0

90

14.75m

BBY17009

612874

6760697

37

115

60

50.20m

BBY17010

612818

6760609

35

115

60

50.30m

BBY17011

612864

6760563

35

0

90

14.40m

BBY17012

612875

6760555

35

0

90

11.35m

BBY17013

612877

6760518

35

255

75

17.40m

BBY17014

612787

6760513

35

115

45

40.80m

BBY17015

612756

6760417

35

115

50

50.00m

BBY17016

612700

6760333

35

115

60

44.30m

BBY17017

612679

6760219

35

115

70

29.30m

BBY17018

612604

6760114

35

115

50

50.20m

 

Table 2: Mineralized intervals from 18 drill holes, Bergby Project

Hole Number

FROM (m)

TO (m)

WIDTH (m)

Li2O%

Ta2O5 ppm

BBY17001

4.85

6.30

1.45

0.77

31

BBY17002

0.00

3.95

3.95

1.83

163

BBY17003

2.85

11.05

8.20

2.06

118

BBY17004

10.20

12.10

1.90

2.26

74

BBY17005

2.20

12.65

10.45

1.58

107

BBY17006

11.55

16.00

4.45

1.44

50

BBY17007

1.40

6.05

4.65

2.71

315

BBY17008

1.10

9.85

8.75

2.63

186

BBY17009

14.80

16.00

1.20

2.68

12

BBY17009

24.55

25.65

1.10

2.44

49

BBY17010

27.55

36.35

8.80

1.11

98

BBY17011

0.70

7.50

6.8

1.87

191

BBY17012

2.25

3.90

1.65

1.14

25

BBY17013

8.00

9.05

1.05

0.68

8

BBY17014

18.80

25.25

6.45

0.63

48

BBY17015

15.75

32.10

16.35

1.00

129

BBY17016

17.90

36.75

18.80

1.14

101

BBY17017

12.25

13.50

1.25

0.59

2

BBY17018

No significant mineralization

 

 

 

SOURCE Leading Edge Materials

For further information: 1.604.685.9316 or info@leadingedgematerials.com, www.leadingedgematerials.com

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