# Boardwalk Drilling Returns 82 mg/L Lithium over 167m in Leduc Fm and 78 mg/L over 84m in Swan Hills Fm, Alberta, Canada

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/boardwalk-drilling-returns-82-mg-l-lithium-over-167m-in-leduc-fm-and-78-mg-l-ove--ac2b1e98-2139-4439-8235-3d1ebad9fd31

Original source: https://money.tmx.com/en/quote/LBNK/news/8655741288490767/boardwalk-drilling-returns-82-mg-l-lithium-over-167m-in-leduc-fm-and-78-mg-l-ove

Publisher: tmx

Original announcement: 2024-09-23T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: high lithium grades in Leduc Fm

- Positive factor: discovery of lithium in Swan Hills Fm

- Positive factor: QA/QC protocols disclosed

- Positive factor: large bulk sample collected for DLE testing

Facts used in scoring: 2

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Extension**

Polarity: positive

Definition: 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)

### 10-6

[Link to this fact](https://atlas-staging.minestarters.com/news/boardwalk-drilling-returns-82-mg-l-lithium-over-167m-in-leduc-fm-and-78-mg-l-ove--ac2b1e98-2139-4439-8235-3d1ebad9fd31#fact-drill-facts-0)

Boardwalk · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: strong grade for brine

### 10-6

[Link to this fact](https://atlas-staging.minestarters.com/news/boardwalk-drilling-returns-82-mg-l-lithium-over-167m-in-leduc-fm-and-78-mg-l-ove--ac2b1e98-2139-4439-8235-3d1ebad9fd31#fact-drill-facts-1)

Boardwalk · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: 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.