International Lithium Corp. has announced plans for upcoming exploration work at the 100% owned Raleigh Lake lithium, rubidium and caesium project near Ignace, Ontario.
Following the successful and very encouraging lithogeochemical survey results announced on January 17, 2022, the Company will be starting its 2022 exploration program at the Raleigh Lake lithium, rubidium and caesium project in Ontario. The first work of the 2022 program calls for core drilling up to 5,000 metres beginning at the end of February, 2022.
The Company is also planning to conduct an airborne geophysical survey in the first half of 2022 over the entire 48,500 hectare Raleigh Lake project area.
John Wisbey, Chairman and CEO of International Lithium Corp. commented: “International Lithium Corp. is now well funded with around CAD$ 13m of net cash and marketable securities. This means that we have the resources to conduct a significant exploration program at Raleigh Lake and adjoining claims in the next year and beyond, and in addition that we have sufficient cash to invest in other projects. The Raleigh Lake lithogeochemical results announced on 17 January 2022 were highly encouraging, and of course the hope is that this drilling program will reinforce our confidence over the potential of these claims”.