Posted in | Lithium | Mining Business

Leading Edge Materials Announces Discovery of Additional Lithium Mineralized Boulders at Bergby Project

Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company")is pleased to announce the discovery of additional lithium mineralized boulders at the Company's 100% owned Bergby project, and the staking of additional permits over this prospective ground.

The Bergby project lies in central Sweden, 25km north of the town of Gavle, and with two additional exploration permits, the claim area now totals 1903 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries.

Further mapping and sampling at Bergby has located many new large angular lithium mineralized boulders of pegmatite and aplite. Analytical results for an additional 14 boulder samples have been received, where Li2O (lithium oxide) averaged 1.48% and ranged from 0.22 to 4.56%; and Ta2O5 (tantalum pentoxide) averaged 170 ppm and ranged from 1 ppm to 414 ppm.

A total of 41 boulders have now been sampled from the Bergby boulder field, with results provided in Table 1. The results to date are highly encouraging for a newly discovered prospect, with numerous high grade boulders located. A clear boulder field in excess of 600m long and up to 200m wide is now well defined. The boulders are anomalous in other elements which characterize lithium-cesium-tantalum (LCT) pegmatites that are regularly associated with economic hard rock lithium deposits.

Work is now underway to locate additional boulders or outcrop, and prepare for ground magnetic surveying to better define a bedrock drill target.

Blair Way, President and CEO, stated: "The presence of so many lithium mineralized boulders, including some with very high grades, is an encouraging sign for the Bergby prospect. We will now move quickly to acquire additional data and define potential drill targets."

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. Europe is investing heavily in these emerging battery technologies, as part of the transition to a low-carbon economy.

On behalf of the Board,

Blair Way, President & CEO

Table 1: Analytical values for first 41 boulder samples from Bergby project, Sweden (news releases dated October 19, 2016 and November 4, 2016)

Element Value Unit
Li2O (lithium oxide) Average 1.06 %
Minimum 0.03 %
Maximum 4.56 %
Ta2O5 (tantalum pentoxide) Average 168 ppm
Minimum 1 ppm
Maximum 499 ppm
Cs (cesium) Average 233 ppm
Minimum 39 ppm
Maximum 517 ppm
Rb (rubidium) Average 648 ppm
Minimum 17 ppm
Maximum 1480 ppm
Sn (tin) Average 74 ppm
Minimum 3 ppm
Maximum 158 ppm

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