Fin Resources claws towards White Bear drilling

Fin Resources (ASX:FIN) has confirmed drilling and helicopter contractors for an upcoming maiden drilling program in Q1 2024 at the White Bear lithium discovery in Quebec, Canada. 

The $9.10 million market capitalisation company has planned a 5,000m diamond drilling program which is designed to test a coarse spodumene-bearing lithium mineralised zone. 

Fin says the zone is identified over a 300km strike by 100m at its widest within 5 pegmatite outcrops at White Bear. 

Mercator Geological Services and Fin are ‘aggressively’ prioritising this program for drilling. The final approval from Hydro Quebec is expected in the coming weeks. 

Fin reported in late November 2023, previous rock chip samples from the area include 6.50% lithium oxide (Li2O) and 6.85% Li2O. 

The White Bear discovery lies within Fin’s Cancet West Lithium Project in Quebec and is considered prospective for lithium and battery metals. 

Fin Resources is a battery metals-focused explorer with 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 Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.