Cygnus Metals (ASX:CY5) has announced further ‘high-grade’ assay results from up to 5% lithium oxide (Li2O), extending known stacked mineralisation at the Pontax Lithium Project in the James Bay region of Quebec, Canada.
New assays recorded include hole DDH975-22-029 with 11.1m @ 1.2% Li2O from 146.3m, including 2.5m @ 2.6% Li2O, 3.6m @ 1.4% Li2O from 65.6m, and 6.3m @ 1.0% Li2O from 94.9m.
Hole DDH975-22-032 intersected 5.5m @ 1.4% Li2O from 178.7m, and 5.9m @ 1.0% Li2O) from 262m.
The company says these results confirm the continuity of spodumene mineralisation at Pontax Central, with multiple spodumene-bearing pegmatite intervals in each drillhole, extending the area of the known mineralisation at depth and along strike with 100m spaced drill sections.
Cygnus reports the recent results also include ‘high-grade’ intervals of up to 5% Li2O from individual samples which are associated with densely concentrated centimetric spodumene mineralisation.
Commenting on the recent assays, Cygnus Metals Managing Director David Southam says: “These results are important because they continue to grow the known mineralisation at Pontax. They are also high-grade and shallow, and reveal areas of intense spodumene, all of which is very good news for the upcoming maiden resource.
“The outlook is exceptional, with mineralisation outcropping from surface, results demonstrating mineralisation remains open in all directions and 3 diamond drill rigs working 24/7”
The outlook is exceptional, with mineralisation outcropping from surface, results demonstrating mineralisation remains open in all directions and 3 diamond drill rigs working 24/7.”
All intersections highlighted are shallow within 230m of surface and remain open in all directions.
Cygnus reports drilling is ongoing with 3 drill rigs on site to complete the current program, which is planned to continue into April.
During the summer months, field exploration will resume at Pontax to systematically map and sample along previously identified targets generated through geophysics. This work will also consist of stepping out on the regional ground, including the recently acquired ground to the north-east of Pontax Central, expanding the project to over 180km-square.
Cygnus Metals is an emerging exploration company with key assets located in Tier 1 mining jurisdictions including Quebec, Canada, and Western Australia. The company is actively exploring both jurisdictions with tenure prospective for lithium, gold, nickel, copper, and platinum group elements.
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