Fin Resources (ASX:FIN) has received necessary drill approvals for an upcoming maiden drill program at its White Bear Lithium Discovery, as part of the Cancet West Project in Quebec, Canada.
Drilling will include 5,000m of diamond drilling which is scheduled to begin mid-April 2024.
Fin, which has a market capitalisation of $11 million, says drilling will test a coarse spodumene-bearing lithium mineralised zone, uncovered over a 300m strike by 100m at its widest within 5 pegmatite outcrops at White Bear.
The company says this will be a very ‘exciting’ maiden drill program at White Bear, with a fully funded initial phase of 1,500m of drilling.
At Cancet West, the interpreted pegmatite trends appear to be associated with the 10-15km strike length of the Archean-aged Lac Guyer greenstone belt that remains to be extensively explored.
The Cancet West project lies in the James Bay area in Quebec, Canada and covers a 80km-square area. The project’s claims are centred on more than 15km of prospective greenstone strike length of the Guyer greenstone belt within the La Grande Subprovince of the Archean Superior Province.
Fin Resources is a lithium and battery metals explorer focused on its assets across Canada.
As of 31 December 2023, the company had $1.856 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Fin Resource
