Critical Resources (ASX:CRR) has staked two claim cells totaling 40 hectares at the Red Hat gold target in its Mavis Lake Lithium Project in Ontario, Canada.
The newly secured claims consolidate Critical Resources’ position over the target area and are positioned to contain historical drill hole RH11-03, which intersected 9.174 grams per tonne (g/t) gold (Au) over 1.20m from 133.80m.
The company intends to validate the underlying historical records and accurately locate RH11-03 before determining appropriate next exploration steps.
Subject to verification, permitting, seasonal access, and exploration priorities, follow-up work may include geological mapping, prospecting, surface geochemistry, geophysics, and confirmation drilling.
Red Hat forms part of an underexplored 14km east-west trend hosted by volcanic rocks across the project. Historical trenching by Abitibi Mining in 2009 exposed an 18m interval averaging 1.10g/t Au.
Critical Resources notes the historical drill hole and channel sampling results have not been reported in accordance with the JORC code.
The broader Mavis Lake Project hosts an inferred mineral resource estimate of 8.0 million tonnes at 1.07% lithium oxide (Li2O) and an exploration target of 18–29Mt at 0.8–1.2% Li2O.
Critical Resources is a mining and technology company focused on critical minerals and next-generation technologies.
Write to Paula Fabe at Mining.com.au
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