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Medaro Announces Phase 1 Exploration Program Results on Darlin Lithium Property in Quebec

Medaro Mining Corp. (“Medaro” or the “Company”) is pleased to announce the results of Phase 1 exploration fieldwork program (the “Program”) on its Darlin Lithium Property (the “Property”) located in Val-d’Or, Quebec, Canada. The work identified lithium anomalies in soil sampling which the Company plans to follow up during summer 2023 exploration work. The 2022 work program included airborne and ground geophysical surveys, soil and rock sampling and diamond drilling.

Results Highlights:

  • A total of 209 soil samples were collected during exploration work in the summer and fall of 2022 along two grids located on the Darlin North and South Claim Blocks (see Figures 1 and 2 below).
  • Lithium (Li) values ranged from less than (<) 15 parts per million (ppm) to 123 ppm, indicating a trend which is extending further to the east and northern part of the Property.
  • The samples also reflected anomalies of other rare elements such as niobium (Nb), tantalum (Ta), rubidium (Rb), and cesium (Cs).
  • Results of eight diamond drill holes (see Figure 3 below for location) intercepted larger widths and low grades of lithium, in the range of <15 ppm to 272 ppm, in pegmatites. The lithium intercepts with over 100 ppm Li will be followed up to develop a work program for upcoming 2023 work.

Program Description

The Program was comprised of soil and rock sampling and geological mapping, aimed at sampling, mapping and identifying a group of pegmatites for their potential to host lithium mineralization. 21.83 line-kilometres of ground magnetic and very low frequency (VLF) geophysical survey was also completed as part of the Program. A high-resolution helicopter borne magnetic geophysical survey was also flown on Medaro’s Darlin and Rapide claims, the results of which will be reported in a subsequent news release once known.

A total of eight (8) diamond drill holes were drilled with a cumulative drilling of 1,286 metres NQ size core, out which two (2) holes were abandoned at shallow depths of 27m and 33m, respectively, due to difficult ground conditions. The drill holes intersected several pegmatites with varying widths and lithologies.

All rock, soil and drill core samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7. ACTLABS is an independent commercial, accredited ISO Certified Laboratory. Drill core was logged and sampled at a core shack facility located in St-Dominique du Rosaire, Quebec.

Michael Mulberry, CEO of Medaro, states “I am excited to see another of our 2022 additions to our Quebec Lithium portfolio generating such positive results. As we receive and analyze the soil sampling results from Darlin lithium property, we are increasingly optimistic about the potential of this property. The data we have collected so far demonstrates indications of lithium mineralization, which gives us confidence in the viability of the project. In addition, Darlin’s proximity to the Val D’Or area, and all its support contractors, logistically enhances the value proposition of the project. We remain committed to unlocking the full potential of this asset and look forward to continuing to further exploration work in 2023 by extending the soil survey grids.”

Qualified Person

Afzaal Pirzada, P.Geo., a “Qualified Person” for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

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