Battery Age Minerals (ASX:BM8) is looking to begin its summer field program in the coming weeks at its Falcon Lake Lithium Project in Ontario, Canada.
This follows the discovery of wide zones of ‘strong’ lithium mineralisation near surface from its maiden drilling campaign in the project area.
The company, which has a $30.4 million market capitalisation, says these new zones were observed in expedited assay results received from an ongoing 5,000m maiden drill program at Falcon Lake and confirm ‘significant’ shallow lithium mineralisation in the first 4 holes.
Battery Age Minerals reports these results confirm the presence of ‘significant’ pegmatite-hosted spodumene mineralisation at the project, therefore building on historical intercepts including hole FLDD006 with 24.4m @ 1.43% lithium oxide (Li2O), including 10.9m @ 1.95% Li2O.
Drilling is still ongoing, with 26 holes completed to date and assays pending for 17 holes. So far, visual mineralisation has been observed in 22 of the 26 holes drilled to date, with mineralised estimates up to 25% spodumene content, therefore demonstrating the fertility of the area for spodumene-bearing pegmatites.
Assays for subsequent holes are expected to be received within 4-6 weeks and, subject to information gathered to date, may warrant an expansion of the maiden drilling beyond the current planned metres to further evaluate the property and accelerate works.
With assays expected to be in hand in several weeks, Battery Age Minerals announces its summer field work program will comprise prospecting and mapping, geochemical surveys, geophysical surveys, mechanised stripping targeting ‘high-priority’ areas, and regional property areas.
The completion of these works is expected to further define high priority targets for the continued drill program.
Key results from the maiden drilling work include hole 23FL-001 with 27.6m @ 1.37% Li2O from 16.65m downhole, with internal highs of 15m @ 1.65% Li2O; hole 23FL-004 with 21.92m @ 1.44% Li2O from 5.7m downhole, with internal highs of 15m @ 1.71% Li2O; and hole 23FL-005 with 26m @ 1% Li2O from 46.3m downhole, with internal highs of 4m @ 1.89% Li2O.
Addressing the results, Battery Age Minerals Chief Executive Officer (CEO) Gerard O’Donovan says: “We are delighted with the results from the first batch of diamond holes at Falcon Lake. These results confirm that we have significant mineralisation across a number of holes. Coupled with these assays, our subsequent holes have continued to intersect mineralisation with visible spodumene of varying percentages. We look forward to sending these to the lab for testing to verify the level of mineralisation.
“These results confirm that we have significant mineralisation across a number of holes”
The maiden drilling represents the first step in a phased approach at Falcon Lake, and it is fantastic to have generated some outstanding results to begin with. The second phase, which will run in parallel to drilling, includes our field exploration campaign. This will commence in the near term, and we are confident it will generate more high-priority targets for the drill rig as we move across the property.
Based on these results, we will consider an expansion of the maiden program beyond initial planned metres to ensure we progress the project at pace.”
Battery Age Minerals is an ASX-listed explorer focused on the rapid growth of its primary Falcon Lake project in Ontario, Canada, as well as targeting growth for its battery metal portfolio through the acquisition of other battery related tenements worldwide.
The company’s Falcon Lake project is nestled among many other lithium explorers and developers within Ontario, Canada, and is considered ‘highly prospective’ for lithium exploration property.
Write to Adam Drought at Mining.com.au
Images: Battery Age Minerals Ltd