Fin Resources (ASX:FIN) is expecting to post initial results from diamond drilling at the White Bear Lithium discovery, as part of its Cancet West Project in Canada, within the next four to six weeks as phase one nears completion.
Fin says six diamond holes have been completed at White Bear so far, with four of the six holes intersecting megacrystic spodumene-bearing pegmatite, initially identified in outcrop.
Drillhole intercepts of the spodumene-bearing pegmatite zone have been identified up to 7m in downhole thickness and confirmed using laser induced breakdown spectroscopy. True thickness is yet to be determined.
The White Bear pegmatite is a shallow, northwest dipping tabular body up to 20m in downhole width and defined so far over a 275m strike length.
The prospect remains open along strike to the northeast and southwest, as well as downdip to the northwest.
Regionally, Fin says the project area holds potential for the discovery of additional lithium-bearing pegmatites.
Fin Resources is a battery metals-focused explorer with assets across Canada.
As of 31 March 2024, the company had over $1.65 million in cash and cash equivalents, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Fin Resources & Stock
