Fin Resources (ASX:FIN) is preparing to tackle a 5,000m drilling program that will be rolled out through two or three phases in Q1 2024 at the White Bear Lithium Discovery in Quebec, Canada.
Once drilling proposals have been approved by the Quebec Department of Natural Resources, the $16.87 million market capitalisation company will conduct a first ‘high priority’ phase of 1,500m diamond drilling.
This comes after 4 channel sampled outcrops at White Bear returned ‘high-grade’ surface lithium oxide (Li2O) within coarse spodumene mineralisation.
Fin reports sample 23WB001 returned 1m @ 2.39% Li2O; and sample 23WB002 returned 1m @ 2.16% Li2O and 1m @ 1.23% Li2O.
Managing Director Jason Bontempo says these ‘high-grade’ lithium channel sample results confirm White Bear is an ‘exciting’ new grassroots discovery that warrants immediate drill testing.
“The confirmation that we now have high-grade surface Li2O over a broad strike length of 300m and up to 100m wide with large spodumene crystals means we are extremely focused on drill testing this exciting target as soon as possible during Q1 2024.”
Fin Resources is a Canadian-focused explorer and developer. The company’s key asset is the Mt Tremblant Lithium Project.
As of 30 September 2023, the company had $1.983 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Fin Resources
