Champion Electric Metals Inc. reported that it has completed its maiden exploration drill program at the Lithium Property in James Bay, Quebec (the "Property"). Champion Electric's drill program successfully completed 10 diamond drill holes totaling 2,263 metres. Drill hole EIQ24-007 intersected a span of approximately 18.8 m of spodumene-rich pegmatite, stretching from 7.30 m to 26.10 m downhole.

This mineralized zone was found underneath 6 m of overburden. Drill hole EIQ 24-008 also intersected spodumene-rich Pegmatite over 5.90 m from 16.15 m to 22.05 m downhole. The mineralization consists of light green coloured spodumene.

The presence of spodumene was confirmed by LIBS readings. Drilling concentrated on the Western Prospect following encouraging results from initial prospecting, various geophysical surveys, and till sampling. Integrated targeting based on multiple data sets identified a high-priority pegmatite target directly up-ice from the previously reported spodumene grains in till discovery.

The Western Prospect lies close to the Trans-Taiga Road and relatively close to neighbouring advanced projects run by Patriot Battery Metals and Winsome Resources. Two drill holes EIQ24-007 and EIQ24-008 encountered spodumene-bearing pegmatite near surface. All the drill holes intersected a combination of mafic volcanic rocks, magnetite-rich iron formations, gabbro dikes and minor felsic porphyry dykes and tonalite.

These rock types show a range in rheology contrast which is favourable for the development of dilational zones during deformation which create preferred sites for pegmatite dikes and sills. Drilling reached an average vertical depth of 173 metres from surface. All the drill holes intersected a combination of mafic volcanic rocks, magnetite-rich iron formations, gabbro dikes and minor felsic porphyry dykes and tonalite.

These rock types show a range in rheology contrast which is favourable for the development of dilational zones during deformation which create preferred sites for pegmatite dikes and sills. Drilling reached an average vertical depth of 173 metres from surface.