Critical Resources (ASX: CRR) reports that it has encountered visual spodumene, as well as an 18.1m interval of ~20% spodumene-bearing pegmatite from an inaugural drill campaign at its 100%-owned Mavis Lake Lithium Project in Ontario, Canada.
The results were generated from four of five drill holes from the 5,000m program, with hole 5 displaying large spodumene crystals.
Speaking on the news, Critical Resources Managing Director Alex Briggs said: “Hole 5 represents the largest spodumene intersection we have seen so far during the 2022 drill program. An 18.1m intersection with a high mineral content of ~20% represents a significant milestone in what are still the early stages of our inaugural drill program.
“Hole 5 represents the largest spodumene intersection we have seen so far during the 2022 drill program”
Furthermore, to intersect visual spodumene in four of the five initial holes is an excellent outcome. The story of Mavis Lake is beginning to unfold, and we see this drill campaign as a potentially transformational catalyst for both the project and the Company.”
The company also notes that it remains committed to its goal of defining a JORC-compliant Mineral Resource Estimate at the Mavis Lake deposit, which if successful, will provide an opportunity for the company to position itself in the burgeoning Ontario lithium sector.
In addition, results from hole 5, which was designed as a step-out hole to test new depths of the pegmatite mineralisation, have confirmed lithium mineralisation remains open at depth and along strike.
Cross-section, of Pegmatite 6 with recently-drilled holes MF22-60 and MF22-61 and previous workThe Mavis Lake Lithium Project is located 19km east of the town of Dryden in Ontario, Canada, and is host to a pegmatite swarm measuring 300m in width and with an estimated strike of 5.5km.
The project is well-served by existing infrastructure including the Trans-Canada highway and railway, along with a series of major transport routes linking Thunder Bay to the southeast to Winnipeg to the west, and includes access to nearby hydro-power.
Images: Critical Resources Limited
