ASX-listed Fin Resources (ASX:FIN) has staked 10 additional claims of land considered ‘highly prospective’ for lithium-caesium-tantalum (LCT) pegmatites directly west of its Cancet West Project in Quebec, Canada.
The company reports the claims, which cover 510 hectares, were staked following an analysis of high-resolution satellite imagery by Dr Neil Pendock that identified a ‘significant’ number of potential LCT pegmatites.
Fin engaged Pendock, who is an image processing specialist, to complete multispectral analyses across the Mt Tremblant Lithium projects, which include the Cancet West, Gaspe, and Ross projects.
Through this analysis, the company has mapped several exploration targets interpreted as LCT pegmatites. Additionally, a spectral unmixing of a summer 2022 Sentinel-2 scene has produced 2 minerals interpreted as pyrite and spodumene.
Fin says these minerals are spatially correlated with nearly 300 rock chip samples in the region of interest that were assayed for lithium from the government geochemistry database.
The company also reports the recently defined and ‘highly prospective’ lithium targets within the newly staked ground at Cancet West appear to be striking parallel to the Lac Guyer Greenstone Belt and, as a result, will be ground-truthed during the upcoming field season.
Commenting on the newly staked claims, Fin Resources Chairman Jason Bontempo says: “We are very excited by the results from our early-stage work undertaken at the Cancet West Lithium Project, which represents the first step towards fully realising the value of our recently acquired Mt Tremblant Lithium Project package.”
“We are very excited by the results from our early-stage work undertaken at the Cancet West Lithium Project”
Now that the claims have been staked, Fin reports it will complete an in-depth review of historical datasets and mapped outcrops across the project and acquire and interpret high-resolution satellite imagery. The company will also conduct remote sensing and geophysics and prepare for an upcoming field season planned for Q3 2023.
Fin Resources is a Perth-based company focused on developing its Sol Mar Project in the Pilbara region of Western Australia. Along with Sol Mar, the company also holds the McKenzie Springs Project in the Kimberley region of Western Australia.
In Canada, Fin recently acquired the Mt Tremblant Lithium Project package in the James Bay region of Quebec. Cancet West covers an area of 35.8km-square and is centred on a 14km strike length of the Lac Guyer Greenstone Belt, which hosts multiple gold, base metal, and lithium deposits.
Images: Fin Resources Ltd
