Critical Resources’ (ASX:CRR) summer field program has delivered multiple new discoveries at its Mavis Lake Lithium Project in Ontario, Canada.
A detailed surface mapping program has identified extensions to previously discovered spodumene-bearing outcrops.
Critical Resources, which has a market capitalisation of $12.46 million, reports assay results returned lithium grades of up to 5.12% lithium oxide along the extensions of pegmatites 7 and 24.
Meanwhile, Pegmatite 19 confirmed spodumene up to 2.76% lithium oxide, while a Pegmatite 20 extension revealed substantial and consistent mineralisation up to 1.17% lithium oxide.
The company says the results confirm high-confidence drilling targets to the south and east of the Mavis Lake main zone resource.
Critical Resources says the latest assays will further inform and refine the priorities for upcoming drilling. Based on current assessments, the Tot pegmatite has emerged as the highest priority for immediate follow-up exploration due to its mineralisation.
To further delineate Tot, a mechanical stripping and channel sampling program is being designed, which aims to expose surface extensions of the outcrop and provide comprehensive channel sample results to support future resource definition drilling.
Critical Resources has secured necessary permits for a drilling program, alongside the stripping and channel sampling which will begin early this month.
Extensional drilling to the east and south of the main zone, as well as drill testing of the Gullwing pegmatite, remains a priority.
The company expects these activities to be part of its 2024 drilling program, ensuring a comprehensive approach to exploring and evaluating the mineral potential of the entire project area.
Write to Aaliyah Rogan at Mining.com.au
Images: Critical Resources
