Critical Resources (ASX:CRR) is set to launch a diamond drilling program at the Mavis Lake Lithium Project in Canada, after completing a mechanical stripping program.
Through the recently completed program, Critical Resources extended the known mineralised zone, revealing lithium mineralisation which will be incorporated directly into future resource models and exploration programs.
At the Northern prospects, mechanical stripping programs returned channel assays up to 3.79% lithium oxide.
Critical Resources, which has a market capitalisation of $12.46 million, says the upcoming drilling program is expected to enhance exploration and resource expansion.
Exploration Manager Troy Gallik says assays from the Tot pegmatite mechanical stripping program are “encouraging”, highlighting the lithium potential of the Tot pegmatite and the Northern prospects.
“The confirmation of high-grade lithium mineralisation validates our exploration strategy and underscores the prospectivity of this asset,” Gallik says.
“We look forward to commencing our upcoming drilling program, with a focus on expanding our resource base.”
Drilling will target the Tot and Gullwing pegmatites within the Northern prospects, as well as extend the Main Zone to drive immediate resource growth. These efforts are central to our 2024 drilling campaign, aimed at fully realising the mineral potential of the project area.
The Tot prospect has been uncovered as a high priority for immediate follow-up exploration due to its “high-grade” and consistent mineralisation.
Critical Resources adds the Tot pegmatite is now exposed along a continuous 50m strike length, with an estimated true width of 8m. This demonstrates substantial spodumene mineralisation throughout.
The Mavis Lake Project lies 14km east-northeast of Dryden in northwestern Ontario, Canada.
Critical Resources is a critical minerals-focused explorer and developer that holds a suite of lithium prospects across Canada. The company also has the Halls Peak Project in New South Wales, Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Critical Resources
