Boardwalk Drilling Returns 82 mg/L Lithium over 167m in Leduc Fm and 78 mg/L over 84m in Swan Hills Fm, Alberta, Canada
Original announcement by tmx on
- Company
- LithiumBank Resources Corp.
- Ticker
- LBNK
- Exchange
- TSX
- Region
- Alberta, Canada
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-08-25 19:02:13 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
LithiumBank Resources Corp. reported significant lithium brine assay results from the Boardwalk Project in Alberta. The company achieved an average of 82 mg/L lithium over 167m in the Leduc Formation and 78 mg/L over 84m in the Swan Hills Formation, the latter being the first sampling from this formation in the area.
Reasoning: Strong lithium grades reported in two formations, including a new formation (Swan Hills), with robust QA/QC and implications for upcoming resource updates and DLE pilot testing.
Positive factors
- high lithium grades in Leduc Fm
- discovery of lithium in Swan Hills Fm
- QA/QC protocols disclosed
- large bulk sample collected for DLE testing
Facts used in scoring: 2
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions AGAT Laboratory, duplicate check labs (Isobrine and Bureau Veritas), and use of standards and duplicates.
Evidence · text
“Each batch of samples included duplicate samples and standard reference material to ensure QA/QC.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The Swan Hills formation results represent the first ever sampling from this formation in the project area.
Evidence · text
“The Swan Hills lithium brine samples are the first ever taken within the Boardwalk project area.”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
10-6Boardwalk · lithiumGrade: 82Grade Unit: mg/LIntercept: 167 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 10-6
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- Alberta, Canada
- Ticker
- LBNK
Geometry
- Grade
- 82
- Grade Unit
- mg/L
- Intercept
- 167 m
- From
- 2588 m
- To
- 2761 m
Classification
- Sample Type
- drill
- Group ID
- 10-6:2588-2761
QA/QC
- Laboratory
- AGAT Laboratory
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2010-01-01T00:00:00.000Z
Dates
- Event date
- 2024-09-23T00:00:00.000Z
Reasoning: 82 mg/L lithium over a significant 167m interval in the Leduc formation.
Positive factors
- strong grade for brine
10-6Boardwalk · lithiumGrade: 78Grade Unit: mg/LIntercept: 84 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 10-6
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- Alberta, Canada
- Ticker
- LBNK
Geometry
- Grade
- 78
- Grade Unit
- mg/L
- Intercept
- 84 m
- From
- 2761 m
- To
- 2829 m
Classification
- Sample Type
- drill
- Group ID
- 10-6:2761-2829
QA/QC
- Laboratory
- AGAT Laboratory
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2010-01-01T00:00:00.000Z
Dates
- Event date
- 2024-09-23T00:00:00.000Z
Reasoning: First ever sampling from the Swan Hills formation in the Boardwalk area showing consistent lithium grades.
Positive factors
- new formation discovery
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.