Cazaly Resources (ASX:CAZ) has generated priority target areas for its planned inaugural exploration program, scheduled for early September 2023, at the Sundown Lithium Project in Canada.
The company, which has a market capitalisation of $15.80 million, says priority target areas have been defined to focus its initial efforts for rockchip sampling among the +200 observed pegmatites on the property.
These areas include clusters of potential outcropping pegmatites with several exposures up to 1.5km in length.
As part of its initial exploration work, Cazaly will conduct a heli-supported field exploration program on the Sundown priority targets. This will include rockchip sampling and geological mapping.
Cazaly says the initial fieldwork will be critical for fact-checking existing datasets and optimising future targeting techniques.
Commenting on the planned activities, Cazaly Resources Managing Director Tara French says: “Through Sundown, Cazaly has strategically positioned itself between these major resources with an extensive landholding of significant exploration potential with a host of relatively untested outcropping pegmatites.
Given the short history of lithium exploration in the district, and with the Sundown Project unexplored for lithium mineralisation, the potential for new discoveries is there for the making.
“… With the Sundown Project unexplored for lithium mineralisation, the potential for new discoveries is there for the making. “
The widespread forest fires have displaced many communities in the district, and our sympathies are with those impacted. While our in-country exploration team has been delayed due to the safety risks and associated access restrictions, we are hopeful that we will be able to proceed with our planned activities shortly.”
Cazaly notes that the target generation was conducted through data extracted from Quebec’s SIGÉOM database, including geofiche and compilation outcrop data, geological mapping, and various satellite imagery.
The ranking of targets is based on satellite imagery, geological observations of pegmatite occurrences made by the geologists of the Quebec Ministry of Natural Resources and Forestry (MERN), elevated levels of lithium in lake bottom sediment samples, and proximity to the Gladman Suite.
Cazaly says the Gladman Suite is a new lithium-prospective zone uncovered by MERN geologists in 2022.
The Sundown Lithium project is located in the James Bay lithium province in Quebec, Canada. The project covers an area of 260km-square, with over 200 documented outcropping pegmatites.
Cazaly Resources is an Australia-based resources company with a diverse portfolio of mineral projects in Australia, Namibia, and Canada. As of 30 June 2023, the company had $3.793 million cash and cash equivalents at hand, according to its latest quarterly report published on 27 July.
Images: Cazaly Resources
